Why buy, and not rent, at The Crane? I met Director of Sales Kim Goddard over breakfast at L’Azure and she explained why. If you love Barbados, maybe you want to come back again and again. If so, why rent? Why not buy and get your money returned, with interest, when you (sadly) finally sell?
Kim explained The Crane has special appeal for purchasers who want to minimize their lifetime ownership costs and maximize their financial returns. Every year almost half of their new sales come from existing owners seeking a longer stay or a larger residence. That’s powerful proof.
Then I met with Tristan Blades, who gave me a much bigger picture of the investment package.
For every week purchased, Crane Points are assigned to the owner, which may be spent, just like money, on anything in the resort like upgraded rooms, food, groceries, or spa appointments.
The eastern shores of Barbados are now being discovered as a prime location for real estate investment, with The Crane driving this emerging market. Prices are significantly lower, and values are much greater, than on the more developed coasts.
The Crane’s low initial investment, on the east coast that is just now being “discovered”, should result in substantial capital gains in the future. A good indicator is that even during the recent economic downturn since 2008, property values at The Crane continued to increase an average of 5 percent each year.
I think I’ll buy half a dozen units. All I need to do is win a lottery first. In the meantime, I think I’ll come back to Barbados for a few more trips and discover all the other attractions and reasons to live there. Of course, while I do so, I plan to stay at The Crane.