NASSAU, BAHAMAS – Imagine spending the holidays surrounded by sparkling blue water and powder white sand. A place where ‘snow day’ is a foreign term because in this subtropical climate the temperature never drops below 65 in the winter.

Now imagine owning a little piece of this magical place. It’s possible, says Rachel Pinder, principle broker at Island Living Real Estate, because this place is the Bahamas.

“If you are thinking about buying a second home, you are not alone,” said Pinder, who specializes in Bahamas rentals and real estate for sale. “The main reason for second home ownership and even seasonal migration, is physical comfort – escape from winter’s cold and summer’s heat. And the Bahamas is the perfect place for that. In terms of second homes, the Bahamas offers unparalleled accessibility and luxury than many neighboring islands.”

According to Pinder, there are three common reasons for people wanting to purchase a second home.

The first is for a family vacation destination, whereby families visit during school breaks and create new memories outside of their permanent residence.

The second is for a future retirement home where they rent the home out part-time and enjoy it themselves the rest of the year with plans to move to the home permanently after they retire.

The last reason is purely for real estate investment purposes. They put the house up for rent to not only cover costs, but also generate a profit.

“It really doesn’t matter why you buy a home in the Bahamas because you will be making an investment in a market that took the recession as a time to rebuild its infrastructure,” said the condo rental expert. “And if you are looking to list your home as a Bahamas house rental while you are away, most neighborhoods double as property management companies that can handle the entire process from marketing to reservations.”

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