Tips for Buying Private Islands: Development

There are a number of factors that go into choosing a private island to purchase. Although determining your budget will tell you a lot about the size of the island you can afford, it’s also important to take into consideration the type of development plans you have for your purchase. It might be that you don’t quite needs as much island as you budget will allow for. In that case, it might be better to save some money on the purchase of the island itself and put it towards construction and other development costs.

If you’re planning to build a small vacation house, an island that measures between 2.5 and 12 acres is probably large enough for your needs. For a larger house or additional guest cottages, a medium-size island (12 to 24 acres) is a good bet. For a large-scale resort property, you’ll need a large island at least 37 to 48 acres in size, with 14 to 24 acres of land flat enough for building.

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