Buying a condo, townhouse or penthouse in a resort community offers countless benefits for those looking to purchase a vacation or secondary home or invest in real estate. As a vacation property, owning your own condo in a resort offers you access to all of the amenities without the hassles of travel while being surrounded in a space that is comfortable and entirely your own.
Though smaller than villas or estates on the islands, condos and townhomes are also not assessed annual income taxes and are also lower maintenance. On-site management can provide on-going care and upkeep of the property while the homeowner is away. This negates the need to hire a local housekeeper or third-party management firm.
Owning property within a private resort also offers additional rental opportunities which can also often be handled by the resort’s management or through special programs the resort offers to homeowners. The Gansevoort Turks and Caicos resort, for instance, offers an Optional Rental Program and owners have typically earned 3-6% net income. While villas and private estates can also be listed as vacation rentals, working within the resort atmosphere alleviates much of the work to find renters, collect payment and clean the property after each renter departs.
Vacation rentals may offset carrying costs, and the income earned may cover the cost of maintenance and upkeep. Buyers, however, should not purchase a condo in Turks and Caicos with the sole purpose of making money from vacation rentals. Buy the condo because you love it and you will use it! Income generated from rental is an added bonus to owning property.
Additional benefits include accessing all resort amenities, plus special programs or discounts available only to homeowners. You’ll have access to on-site spas and restaurants, pools, fitness centers and lounge areas. At The Yacht Club, property ownership also includes access to the marina or a private boat slip for your personal use.
Our current resort property listings:
Gansevoort Turks + Caicos 2-bedroom condo
The Yacht Club:
Blue Haven Resort and Marina:
Regent Palms 2-bedroom condo