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The Top 3 Things to Consider When Buying a Home in The Bahamas


We're Morley, a real estate company owned and operated by Bahamians with experience spanning four generations...

We're Morley, a real estate company owned and operated by Bahamians with experience spanning four generations...

Oct 2 7 minutes read

When you’re shopping for a home in The Bahamas, like in any other location, you’re likely to visit multiple properties before you find "The One". Some people know which house they want to buy from the moment they walk through the door, but for most people, figuring out which home is right for you takes a significant amount of thought and consideration. This process can become more overwhelming the more options you have available to you - but don’t worry.

Simplifying is easy, and you can do it by prioritizing these top three considerations.

#1: Price

The first and most obvious consideration when buying a home is the price. When you’re house hunting, it’s essential to establish a realistic budget and stick to it. While it's tempting to fall in love with a house that stretches your financial means, overextending yourself can lead to financial stress in the long run.

Use our mortgage calculator, to determine how much house you can afford based on your income, expenses, and financial goals. In any event, it is best to consult with a mortgage officer at your local bank to get pre-approved for a loan, to get a clear understanding of your budget. Our Morley agents have established great working relationships in most local banks and are happy to arrange a meeting.

Here are some key points to keep in mind regarding the price of a home:

The sticker price

Search our website to find homes you’re interested in and start comparing prices. But remember, it’s not just whether or not each home fits within your budget. It’s also what each home offers for the value. The sticker price of one home might be much higher than the other — but if the cheaper home requires a lot of work, the cost might balance out. Consider your options and measure them against your total budget with the help of a Morley agent to make the best choice.

The cost of homeownership

Remember that the purchase price is just the original cost of homeownership. After purchasing a home, you'll also need to budget for property taxes, homeowners' insurance, maintenance, utilities, and if applicable, homeowners association fees. As part of your original research, figure out the cost of these annual expenses as they need to be factored into your overall annual budget in an effort to avoid any surprises.


The listing price of a property isn’t always set in stone. Morley agents will help you negotiate the best possible price using comparable homes in the area and their insight into the current market conditions. This is why working with an expert agent is critical — they can offer you detailed insights about your chosen home, location, and market and help you craft the most competitive offer while getting you the best deal.

#2: Location, Location, Location

Location is often touted as the most critical characteristic of any property, and for a good reason. The neighborhood you choose can significantly impact your quality of life and of course, your property’s future value. The location will also influence other factors on this list, such as the listing price of your home, possible HOA rules and fees, and more. Here are some things to consider:

Commute and accessibility

When you imagine yourself living in a home, you should also picture what your day-to-day life looks like. Think about your daily commute to work, school, or other essential destinations. Is the location convenient, or will you be spend hours stuck in traffic? 

Neighborhood features, factors, and amenities

When considering a home, explore the amenities offered in the surrounding area, including schools, parks, grocery stores, restaurants, and healthcare facilities. You can use the information to evaluate which home is a better fit for you and your family's lifestyle and preferences.

Future development

Remember that when you finance the purchase of a home, it’s always recommended that you continue living in it for many years to help you build equity while you pay down your mortgage.

That means you should be excited to stay in this home’s location for several years, and you should also be aware of potential future developments in the area. Areas with planned infrastructure improvements and rising property values may be good long-term investments, but if you prefer an area that’s going to remain relatively the same, you might want to look elsewhere. Additionally, some developments can actually hurt property values if they increase noise or dramatically change the surrounding area’s aesthetic, so do some research before making your decision.

#3: Home features

Once you've narrowed down your budget and chosen a desirable location, it's time to focus on the specific features of the home itself. This one seems obvious, but considering a home’s features doesn’t mean that it needs to have every single upgrade available. Instead, consider how its features (including its square footage, number of bedrooms, outdoor space, and much more) meet or do not meet your specific lifestyle needs.

Here are key factors to consider:

Size and layout

While you’re comparing homes, think about the size of each one and its layout. Does it accommodate your current needs and potential future changes, such as a growing family or remote work requirements? How many bedrooms and bathrooms do you need? What about flex space? These are the most basic features, but they’re also the most important because they’ll affect most aspects of your daily life.


A home’s condition will affect both its listing price and the cost of making it livable down the road. For that reason, you should inspect the property's condition carefully. Even if you’re in the market for a fixer-upper, having a thorough home inspection completed will help uncover hidden issues so you can factor their costs into your budget.

Must-have characteristics

This is when you can get into the bells and whistles. Besides the basic basics, make a list of features that you need to see and want to see in a home before you’ll consider buying it (your wishlist). This can include a certain style of architecture, smart home technology, outside space, types of finishes, and much more. Just try to limit the items on your “wishlist” to features that you absolutely must have. That way, you have the best chance of finding a home that meets your needs within your budget.

Have your wishlist already? Now compare the houses you’re looking at to the list and see which one stacks up better.

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Let’s talk about buying.

Now that you know the top three factors to consider when buying a home, you’re ready to get out there.

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