There is no doubt that choosing to build a home in the Caribbean is one way to guarantee that the design and layout will be personal to you. The extra large kitchen with island and breakfast area that you’ve always wanted can be yours, as can the bathroom with separate shower, his/hers sinks, Jacuzzi bath, floor to ceiling Italian tiles and walk-in dressing room.
Having decided that your home in the Caribbean will reflect your individual tastes, the full costs to build it should be established from the outset to ensure that you do not end up with an incomplete property due to you running out of funds.
The purpose of this article is to give you some idea on current approximate building costs per square foot if you are looking to build a home in Barbados, Jamaica or St. Lucia.
Barbados homebuilding costs
Building costs for a private residential property in Barbados can range from around BBD $250.00 per sq. ft. upward, depending on finishes.
For upmarket residential properties in such locations as Sandy Lane and Westmoreland, building costs will increase to around BBD $350.00 upward per square foot.
Jamaica homebuilding costs
Building costs for low income properties in Jamaica (valued at around JMD $6M to JMD $7-8M) are around USD $95.00 per square foot.
Building costs for middle income properties (valued at around JMD $10M to JMD $20M) are approximately USD $125.00 per square foot.
Building costs for upper income properties (valued at around JMD $30M upward) are around USD $165.00 and upward per square foot.
St Lucia homebuilding costs
Building costs for a basic home in St. Lucia are around XCD $200.00 per square foot.
Building costs for a standard quality home are approximately XCD $250.00 upward per square foot.
Building costs for upmarket properties are approximately XCD $350.00 upward per square foot.
The building costs quoted above do not include costs to prepare house designs or for submitting these to the relevant Government department(s) for approval.
The type of finishes that you choose for your Caribbean home will also impact on building costs. For example, a home with marble tiles throughout and a clay roof will cost more to build than one with ceramic tiles and a permaclad or shingle roof.
Building costs may further be increased based on, but not limited to, (a) the topography of your building lot; (b) the soil type which will determine foundation depth; and (c) physical features of the land which may call for extensive preparation (i.e. removal of large trees and boulders).
The information contained in this article is provided for guidance purposes only. It is recommended that you establish the full costs associated with building your dream home in the Caribbean before a single brick is laid.
Article by Maureen Smith, Caribbean Property Consultant, Tropical Connections