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The process of buying a private island is similar to the process of buying any other kind of real estate, but there are a lot of additional considerations to take into account, such as accessibility and basic utilities. No matter what kind of island you are thinking about buying, be sure to do your research so you understand exactly what you are getting yourself into.
Before you start buying a private island, determine what location you want. Decide what your ideal climate is, how far away from civilization you want your island to be, and how you plan on getting there. Once you have a location, think about existing infrastructure or ease of accessibility.
Then, set a budget, and make sure you factor in any building costs in your budget. With this in mind, contact a broker to start the private island search! For more advice, like how to close the deal, read on!
Before you start looking for your ideal island, it’s a good idea to have at least a general idea of what it is you’re looking for. Consider making a list of all of the features you absolutely need, and a separate list of features you would like, but are willing to compromise on. Think about how large of an island you need. If you just want a simple cottage and a private beach, you may be comfortable with a few acres, but if you are planning to develop a resort, you will need a much larger island.
Think about what kind of buildings you need. If the buildings do not already exist on the property, be sure to look into building regulations before you purchase the island. Think about the kind of landscape you are looking for. Some islands may have white sandy beaches, while others may have cliffs and dense jungles.