Financial Preparation

• Determine your total investment budget (property + transaction costs + reserves)
• Establish if Citizenship by Investment is part of your strategy
• Research USD/XCD exchange considerations (Eastern Caribbean Dollar is pegged to USD)
• Set up international wire transfer capabilities with your home bank
• Consider opening a Grenadian bank account (simpler than many Caribbean nations)
• Evaluate tax implications in both Grenada and your home country
• Research available local financing options if not purchasing with cash
• Budget for ongoing property expenses and management costs

Market Research

• Identify target regions based on investment goals (rental yield vs. appreciation vs. lifestyle)
• Research neighborhood-specific price trends and rental performance
• Join online forums for Grenada property investors and expats
• Subscribe to local real estate listings and market reports
• Analyze tourism statistics and growth patterns by region
• Research seasonal factors affecting both prices and rental demand
• Evaluate infrastructure quality and planned improvements in target areas
• Plan a preliminary market visit to evaluate areas firsthand (highly recommended)

Professional Network Development

• Identify and contact attorneys specializing in foreign real estate transactions
• Research reputable real estate agents with international client experience
• Connect with property management companies in your target area
• If pursuing citizenship, identify authorized CBI agents
• Establish contact with local banks for accounts and potential financing
• Find reputable building inspectors for property evaluation
• Connect with other foreign investors for insights and recommendations
• Research tax advisors familiar with both Grenadian and North American regulations

Expert Tip: Grenada’s real estate market has distinct seasonal patterns, with December-April being the peak tourism and property viewing season when competition is highest. May-June and October-November offer better negotiating positions with motivated sellers while still providing pleasant weather for property viewing. Hurricane season (June-November) sees lower tourist numbers but rarely impacts Grenada severely as the island sits south of the main hurricane belt.

Recent Regulatory Change: As of 2024, Grenada has established a beneficial ownership registry requiring disclosure of ultimate beneficial owners for corporate structures. While not public, this information is available to relevant authorities. Additionally, Grenada has signed onto international tax reporting standards including FATCA and CRS, requiring financial institutions to report on foreign account holders. These changes primarily impact corporate and offshore structures rather than direct ownership.

Banking Setup

• Grenadian Bank Account Options:
  • International banks: CIBC FirstCaribbean, Bank of Nova Scotia (Scotiabank), Republic Bank
  • Local banks: Grenada Co-operative Bank, Grenada Development Bank
  • Account types: USD accounts, EC Dollar accounts, multi-currency accounts available
• Typical Requirements:
  • Passport and secondary identification
  • Proof of address (in home country)
  • Bank reference letter
  • Source of funds documentation
  • In-person meeting (can sometimes be arranged during property viewing trip)
  • Minimum deposit requirements vary ($1,000-$10,000)
• Banking Considerations:
  • International banks typically offer better digital banking services
  • Account opening generally takes 1-2 weeks once documentation is complete
  • Some banks offer wealth management and investment services
  • North American credit and debit cards generally work throughout Grenada
• Alternative Approach: Many foreign investors complete property transactions using their attorney’s client account for the purchase and then set up banking arrangements afterward. This is a common and accepted practice in Grenada.

Financing Options

While most foreign investors in Grenada purchase with cash, financing options include:

1. Local Bank Mortgages:
   • Availability: Limited but possible through major banks for qualified buyers
   • Down Payment Requirements: Typically 30-50% for foreign buyers
   • Interest Rates: 6-9% depending on borrower profile and property type
   • Term Length: Usually 5-15 years (shorter than North American standards)
   • Documentation: Extensive, including credit history, income verification, and asset documentation from home country
2. Developer Financing:
   • Increasingly common with larger resort developments
   • Typically 30-50% down payment with 3-5 year terms
   • Often structured as interest-only with balloon payment
   • Less stringent qualification requirements than banks
   • Rates generally 7-10%, higher than bank financing
3. International Financing:
   • Some international banks offer loans for Caribbean properties
   • Private banking relationships can facilitate financing
   • Cross-collateralization using North American assets
   • Terms vary widely based on banking relationship
4. Home Country Financing:
   • Home equity lines of credit (HELOCs) in US/Canada
   • Cash-out refinancing of existing properties
   • Securities-based lending against investment portfolios
   • Often provides better rates than local financing
5. Citizenship by Investment Considerations:
   • Full payment required to qualify for citizenship benefits
   • Some developers offer deferred payment plans that still qualify for CBI
   • Construction-linked payment schedules available in some projects

Currency Management

The Eastern Caribbean Dollar (XCD) is pegged to the USD at a fixed rate of 2.7 XCD to 1 USD, creating a stable currency environment:

• Currency Considerations:
  • Most real estate transactions are conducted in USD
  • Local expenses and property maintenance typically paid in XCD
  • No currency exchange volatility between USD and XCD
  • Canadian investors should consider CAD/USD exchange strategies
• Money Transfer Options:
  • Traditional bank wire transfers (higher fees but secure)
  • Services like Wise (formerly TransferWise) for better rates on smaller transfers
  • Currency specialists for larger amount transfers
  • Typical wire transfer time to Grenada: 3-5 business days
• Financial Considerations:
  • No exchange controls on repatriation of capital or profits
  • Free movement of USD in and out of Grenada
  • USD widely accepted throughout the island for major purchases
  • Many property management companies can handle currency conversion for ongoing expenses

The USD/XCD peg eliminates currency risk for American investors, making Grenada more predictable than many international markets. Canadian investors should factor CAD/USD exchange considerations into their investment planning, but benefit from the stable USD/XCD relationship after conversion.

Property Search Resources

• Online Property Portals:
  • Grenada Estate Agents – Largest local property portal
  • Century 21 Grenada – International franchise with comprehensive listings
  • 7th Heaven Properties – Caribbean specialist with Grenada focus
  • Circle Grenada Realty – Focused on luxury properties
• Real Estate Agencies:
  • Terra Caribbean Grenada – Regional network with strong market presence
  • Grenada Property Planet – Specialized in CBI-approved properties
  • Island Dreams Realty – Local expertise across all regions
  • Note: Unlike North America, most agents represent sellers but work with buyers
• Developer Direct:
  • Many luxury developments sell directly through in-house sales teams
  • Often offer favorable terms, especially for CBI investments
  • Pre-construction opportunities with potential price advantages
  • Sales centers typically located in St. George’s or at project sites
• Government Resources:
  • Grenada Investment Development Corporation website
  • Citizenship by Investment official website (for approved projects)
  • Local business newspapers and publications
• Buyer’s Agents/Representatives:
  • Growing option for foreign buyers
  • Typically charge 2-3% of purchase price
  • Access to off-market properties and developer discounts
  • Represents buyer’s interests throughout process

Property Viewing Trip Planning

For overseas investors, an efficient property viewing trip is essential:

1. Pre-Trip Research:
   • Identify 10-15 potential properties before arrival
   • Schedule viewings with multiple agents/developers
   • Research regions and neighborhoods thoroughly online
   • Arrange meetings with attorneys, bankers, and property managers
   • If pursuing CBI, schedule meeting with authorized agent
2. Trip Logistics:
   • Plan for at least 5-7 days on the island
   • Consider splitting time between different regions if applicable
   • Rent a car or arrange reliable transportation
   • Stay in your target investment area to experience it fully
   • Visit during your target rental season if possible
3. During Viewings:
   • Take detailed photos and videos of properties and surroundings
   • Note proximity to beaches, amenities, and tourist attractions
   • Ask about historical rental performance with documentation
   • Inquire about property management options and costs
   • Ask about utility reliability (water, electricity, internet)
   • Verify property boundaries and any easements
4. Beyond Property Viewing:
   • Meet with local attorneys to discuss purchase process
   • Visit banks to understand account opening procedures
   • Meet with property management companies
   • Explore the neighborhood at different times of day
   • Talk to other property owners in the area

Property Evaluation Criteria

Assess potential investments using these key criteria:

• Location Factors:
  • Proximity to beaches and water access
  • Distance to St. George’s, Grand Anse, and tourist areas
  • Access to Maurice Bishop International Airport
  • Neighborhood safety and security provisions
  • Proximity to restaurants, shops, and medical facilities
  • Road access quality and reliability
  • Views and natural surroundings
• Building Quality:
  • Construction standards and hurricane resistance
  • Age and condition of property
  • Builder/developer reputation
  • Quality of finishes and fixtures
  • Hurricane shutters or impact windows
  • Backup power and water systems
  • Pest resistance measures (termites are common)
• Rental Potential:
  • Historical occupancy rates in the area
  • Proximity to major tourist attractions
  • Amenities attractive to target renters
  • Property management availability
  • Seasonal demand patterns
  • Short-term vs. long-term rental possibilities
  • Competition analysis in the immediate area
• Financial Considerations:
  • Price per square foot compared to area averages
  • Potential for appreciation based on area development
  • Maintenance and management costs
  • Insurance costs (hurricane insurance is essential)
  • Utility costs and reliability
  • Property tax implications
  • Exit strategy considerations
• Special Grenada Considerations:
  • CBI program approval status (if relevant)
  • Water supply reliability (some areas have limitations)
  • Slope and drainage (critical in mountainous areas)
  • Distance from coast (salt air exposure increases maintenance)
  • Access during rainy season (some roads can be affected)

Expert Tip: In Grenada, views significantly impact property values, with western-facing sunset views commanding 15-25% premiums. However, these same western-facing properties may experience stronger wind exposure during tropical storms. For rental properties, those within 5-10 minutes of Grand Anse Beach typically achieve 30-40% higher occupancy rates than comparable properties further away. Water supply is a crucial consideration, with properties featuring water storage systems (cisterns) commanding significant advantages during occasional dry season restrictions.

Legal Due Diligence

• ✓
  Title Verification: Comprehensive title search through Land Registry records
• ✓
  Boundary Verification: Survey plan confirmation and physical boundary inspection
• ✓
  Planning Permission Verification: Confirm all structures are approved and compliant
• ✓
  Encumbrances Check: Verify no liens, mortgages, or other claims against property
• ✓
  Land Use Restrictions: Review zoning and environmental protection limitations
• ✓
  Rights of Way: Identify any easements, shared driveways, or access rights
• ✓
  Water Rights: Verify water access, especially for properties not on municipal supply
• ✓
  CBI Verification: For applicable properties, confirm approved project status with government

Physical Due Diligence

• ✓
  Property Inspection: Comprehensive review by qualified building inspector
• ✓
  Structural Assessment: Evaluate foundation, roof, and hurricane resistance
• ✓
  Water Systems: Check water supply, storage capacity, and quality
• ✓
  Electrical Systems: Evaluate wiring, capacity, and backup power
• ✓
  Drainage Assessment: Especially important in hillside and coastal properties
• ✓
  Pest Inspection: Check for termites and other tropical pests common in the region
• ✓
  Internet/Connectivity: Test actual speeds and reliability in the specific location
• ✓
  Accessibility Assessment: Evaluate road conditions, especially during rainy season

Financial Due Diligence

• ✓
  Comparative Market Analysis: Verify price aligns with recent comparable sales
• ✓
  Tax Verification: Confirm property tax status and future obligations
• ✓
  Insurance Costs: Obtain quotes for property, hurricane, and liability coverage
• ✓
  Utility Costs: Review historical utility expenses and infrastructure reliability
• ✓
  Maintenance Projections: Estimate ongoing maintenance based on property type and location
• ✓
  Rental Projections: Obtain documented rental history or comparable rental analysis
• ✓
  Management Costs: Quotes from property management companies for ongoing services
• ✓
  ROI Calculation: Develop detailed cash flow projections and return analysis

Expert Tip: For Grenada properties, environmental factors warrant special attention during due diligence. Properties within 200 meters of the shoreline should be assessed for storm surge risk and salt air exposure, which can increase maintenance costs by 15-25%. For hillside properties, soil stability evaluation is critical, as some areas are prone to erosion during heavy rains. Water supply due diligence is essential – verify legal water rights, test water quality, and confirm storage capacity, especially for properties relying on rainwater collection systems. These factors significantly impact long-term ownership costs and resale value.

Offer and Negotiation

1. Make an Offer: Typically submitted through your real estate agent or attorney
2. Negotiation: Price, terms, and conditions negotiated between parties
3. Agreement in Principle: Verbal agreement on key terms
4. Purchase Agreement: Formal written agreement drafted by attorney
5. Deposit Payment: Typically 10% held in escrow with attorney

In Grenada, offers are typically non-binding until a formal purchase agreement is signed and deposit paid. Verbal agreements and handshakes have limited legal standing. Purchase agreements should include clear contingencies covering due diligence findings, ALHL approval, and financing if applicable.

Legal Process

1. Attorney Engagement: Retain a local attorney to represent you (mandatory for foreigners)
2. Due Diligence: Attorney conducts comprehensive title search and legal review
3. ALHL Application: Attorney prepares and submits Alien Land Holding License application
   • Application submitted to Ministry of Finance
   • Processing time: 60-90 days on average
   • Fee: 10% of property purchase price
4. CBI Coordination (if applicable): Synchronizing property purchase with citizenship application
5. ALHL Approval: Official license granted to purchase property
6. Final Contract Review: Attorney finalizes all purchase documentation
7. Closing:
   • Signing of transfer documents
   • Payment of balance of purchase price
   • Payment of government fees and taxes
   • Transfer of keys and possession
8. Registration: Attorney registers property transfer with Land Registry

The timeframe from offer acceptance to completion typically ranges from 90-120 days for standard transactions, with the ALHL process being the primary timeline determinant. For CBI purchases, the process can be expedited in coordination with government departments but still typically requires 60-90 days.

Transaction Costs

Budget for these typical transaction expenses:

• Alien Land Holding License Fee: 10% of purchase price
• Property Transfer Tax: 10% (typically paid by seller but sometimes negotiated)
• Legal Fees: 1-2% of purchase price
• Stamp Duty: 1% of purchase price
• Registration Fee: 1% of purchase price
• Real Estate Agent Commission: 5-7% (typically paid by seller)
• Property Survey: $800-1,500 if required
• Property Inspection: $500-1,200 depending on property size

For CBI transactions, additional fees apply:

• Government Application Fee: $1,500 per applicant
• Due Diligence Fee: $5,000 for main applicant, $5,000 for spouse, $2,000 for dependents
• Processing Fee: $1,500 per application
• Government Contribution: $50,000 (only for real estate option)

Total transaction costs for foreign investors typically range from 12-15% of the purchase price for standard transactions, or 18-22% for CBI transactions when including citizenship-related fees. These costs should be factored into your overall investment calculations.

Expert Tip: For foreign buyers unable to be present in Grenada for the entire transaction process, a Power of Attorney can be arranged allowing your local attorney or representative to handle document signing. This should be established early in the process, properly notarized, and authenticated with an Apostille if created outside Grenada. When purchasing pre-construction properties, especially for CBI purposes, ensure the purchase agreement includes clear construction milestones, completion guarantees, and developer track record verification to protect your investment.

Administrative Tasks

• ✓
  Property Title Registration: Ensure all transfer documents are properly registered (handled by attorney)
• ✓
  Utility Transfers: Establish electricity, water, and internet accounts in your name
• ✓
  Property Insurance: Secure comprehensive property and hurricane insurance
• ✓
  Property Tax Registration: Ensure property is registered with Inland Revenue for property tax purposes
• ✓
  Management Agreement: Establish property management relationship if applicable
• ✓
  Banking Setup: Finalize local banking arrangements for property expenses
• ✓
  Security Arrangements: Implement property security measures, particularly for vacation properties

Rental Property Setup

If planning to rent your property, additional steps include:

• Business License: For short-term rentals, register with tourism authority (only required for properties with 3+ units)
• Rental Management:
  • Sign management agreement with property management company
  • Establish marketing strategy and listing on relevant platforms
  • Create property inventory and condition documentation
  • Develop rental rates for high/low seasons
  • Establish housekeeping and maintenance schedules
• Rental Property Insurance:
  • Verify policy covers commercial rental use
  • Consider liability coverage increase for rental activities
  • Ensure contents coverage for rental furnishings
• Payment Systems:
  • Establish merchant accounts for credit card payments
  • Set up banking arrangements for rental income
  • Consider currency management solutions
• Marketing Materials:
  • Professional photography and videography
  • Property descriptions and marketing copy
  • Website or listing portal development

For properties within resort developments, many of these steps may be handled by the resort management company as part of their services. Independent properties require more direct management or engagement of third-party services.

Record Keeping

Maintain comprehensive records for tax and legal purposes:

• Property Documents:
  • Purchase agreement and closing documents
  • Property title and land registry documents
  • Alien Land Holding License
  • Survey plans and property boundaries
  • Building plans and permits
  • Insurance policies and claims history
• Financial Records:
  • All property-related expenses with receipts
  • Utility payments and account information
  • Property tax payments and assessments
  • Maintenance and repair records
  • Rental income and occupancy data
  • Management fees and commission payments
• Citizenship Documentation (if applicable):
  • CBI application materials and approval
  • Passport and citizenship certificate
  • Investment verification documentation
  • Correspondence with CBI unit
• Rental Operational Documents:
  • Property management agreements
  • Rental terms and conditions
  • Guest correspondence and feedback
  • Property inventory documentation
  • Service provider contacts and agreements

Digital record-keeping systems with secure cloud backups are strongly recommended for overseas investors. Many property management companies provide owner portals with document storage capabilities as part of their services.

Expert Tip: The Caribbean climate presents unique property maintenance challenges requiring proactive management. Establish a preventative maintenance schedule including quarterly pest control, bi-annual roof and gutter inspection, annual air conditioning servicing, and monthly grounds maintenance during rainy season. For absentee owners, consider installing remote monitoring systems including smart thermostats, water leak detectors, and security cameras accessible via smartphone. These investments typically reduce long-term maintenance costs by 15-25% through early problem detection and prevention of severe weather-related damage.

Grenada Tax Obligations

• Property Transfer Tax:
  • 10% of property value (usually paid by seller but sometimes negotiated)
  • Due at time of property transfer
  • Collected by attorney and paid to Inland Revenue
• Annual Property Tax:
  • 0.2-0.5% of market value for developed properties
  • 0.1-0.2% for undeveloped land
  • Bills issued annually (January-February)
  • 10% discount for early payment (within 30 days)
• Rental Income Tax:
  • 15% flat rate withholding tax on gross rental income
  • Landlords file monthly or quarterly returns depending on volume
  • Deductions limited compared to North American standards
  • Property management companies often handle withholding and filing
• Value Added Tax (VAT):
  • 15% on applicable services and goods
  • Required registration if rental income exceeds EC$120,000 annually
  • Most small residential rental operations fall below threshold
• Capital Gains:
  • No capital gains tax in Grenada
  • Property appreciation not taxed upon sale
• Inheritance/Estate Tax:
  • No inheritance or estate taxes in Grenada
  • Property can be transferred to heirs without Grenadian tax implications
  • Legal process still required for property transfer

Home Country Tax Obligations

Grenada has no tax treaties with the United States or Canada, which can occasionally result in double taxation scenarios. However, foreign tax credits generally prevent most double taxation issues. Consultation with tax professionals experienced in both jurisdictions is strongly recommended.

Tax Planning Strategies

• Entity Structure: Evaluate whether personal ownership, Grenadian company, or other structures optimize tax position
• Citizenship Considerations: CBI passport holders do not automatically become tax residents unless physical presence thresholds are met
• Expense Tracking: Maintain meticulous records of all property-related expenses to maximize deductions in home country
• Mortgage Interest: Consider tax implications of financing structures in home country
• Capital Improvements vs. Repairs: Properly categorize expenditures for optimal tax treatment
• Rental vs. Personal Use: Tax implications differ significantly based on usage patterns
• Property Management Fees: Generally deductible in both jurisdictions
• Travel Expenses: Trips to manage rental property may be partially deductible under certain circumstances

Tax planning should include consideration of both immediate obligations and long-term exit strategy implications. Grenada’s absence of capital gains tax can be advantageous, but home country tax obligations typically still apply upon sale.

Expert Tip: For U.S. and Canadian investors with rental properties in Grenada, proper expense allocation is crucial for tax optimization. Travel expenses for property inspection and maintenance can be partially deductible if the primary purpose of the trip is business-related and activities are properly documented. Keeping a detailed log of business activities, maintaining separate bank accounts for rental operations, and retaining all invoices with clear business purpose notation can significantly strengthen your position in case of tax authority scrutiny. Consulting with a tax professional familiar with both jurisdictions before establishing your ownership structure can prevent costly restructuring later.

Selecting a Property Manager

Evaluate potential property managers using these criteria:

• Experience with Foreign Owners:
  • Track record managing properties for international clients
  • Communication systems across time zones
  • Understanding of cross-border banking and payments
• Local Presence and Reputation:
  • Physical office in your property’s area
  • Length of time in business
  • Staff size and expertise
  • Emergency response capabilities
• Marketing Capability:
  • Listing site partnerships and distribution
  • Photography and presentation quality
  • Social media and digital marketing expertise
  • Network of travel agents and tour operators
• Client Communication:
  • Owner portal or reporting system
  • Frequency and quality of financial reporting
  • Responsiveness to owner inquiries
  • Proactive vs. reactive management style
• Maintenance Network:
  • In-house maintenance staff vs. contractors
  • Hurricane and storm preparation protocols
  • Relationships with reliable service providers
  • Preventative maintenance programs
• Guest Management:
  • Screening processes and quality control
  • Check-in procedures and guest communication
  • Reviews and feedback management
  • Guest problem resolution protocols

Management Agreement Essentials

Ensure your property management contract includes these key elements:

• Term and Termination: Contract duration and notice requirements for ending the relationship
• Fee Structure: Detailed breakdown of all management fees, commissions, and additional charges
• Services Included: Comprehensive list of exactly what is covered in the base fee
• Additional Services: Clear pricing for services beyond the base management package
• Maintenance Authorization: Spending limits requiring owner approval for repairs
• Owner Use Policy: Procedures and notice requirements for owner stays
• Rental Rates: Who sets them and how often they are reviewed
• Payment Schedule: Timing of rental disbursements to owner
• Financial Reporting: Frequency and format of financial statements
• Insurance Requirements: Coverage expectations for both parties
• Performance Standards: Occupancy targets or revenue benchmarks if applicable
• Guest Policies: House rules, occupancy limits, and booking requirements

Request references from current clients, particularly other North American owners, before signing with a property management company. This provides valuable insights into how they handle properties for remote owners.

Expert Tip: Grenada’s seasonal tourism patterns create cash flow variability requiring careful management. The high season (December-April) typically generates 60-70% of annual rental income, while the low season (June-November) sees significantly reduced rates and occupancy. When evaluating property managers, ask specifically about their low-season marketing strategies and minimum occupancy guarantees. The best management companies maintain extensive corporate client relationships, destination wedding partnerships, and educational tourism connections to drive off-season occupancy. These relationships can increase annual revenue by 15-25% compared to managers relying solely on traditional vacation booking platforms.

Exit Options

Sale Process

When selling your Grenada property:

1. Pre-Sale Preparation:
   • Property refurbishment and staging
   • Professional photography and marketing materials
   • Documentation preparation and organization
   • Title verification and resolution of any issues
   • Pricing strategy development with local agent
2. Marketing & Exposure:
   • Listing with experienced local and international agents
   • Online marketing through multiple channels
   • CBI channels if property qualifies
   • International property exhibitions if applicable
   • Targeted marketing to investors from key source markets
3. Transaction Process:
   • Negotiation of price and terms
   • Sales agreement preparation by attorney
   • Buyer’s Alien Land Holding License application and approval
   • Escrow arrangement for deposit (typically 10%)
   • Final contract signing and closing
4. Post-Sale Requirements:
   • Payment of Property Transfer Tax (typically 10%)
   • Legal fees and agent commissions
   • Utility account transfers
   • Property management transitions
   • Bank account closures or transfers
5. Tax Considerations:
   • No capital gains tax in Grenada
   • Home country capital gains tax filings
   • Currency exchange planning for proceeds
   • Potential reinvestment strategies

The selling process typically takes 4-8 months from listing to closing, with the buyer’s ALHL process being the most significant timeline factor. For CBI-qualifying properties, the process can be expedited with proper positioning and marketing to the citizenship investor market.

Market Exit Timing Considerations

Several factors should influence your exit timing decision:

• Tourism Sector Performance: Grenada property values correlate strongly with tourism growth; monitor visitor arrival statistics and projections
• CBI Program Evolution: Changes to the Citizenship by Investment program can significantly impact demand and pricing for qualifying properties
• Development Pipeline: New luxury developments can create competition but also raise area values; monitor upcoming projects in your region
• Infrastructure Improvements: Major improvements to airports, marinas, or roads typically boost property values upon completion
• Economic Conditions: Both local Caribbean economy and economic conditions in key buyer source markets (US, Canada, UK)
• Currency Values: For non-USD-based investors, currency exchange rates can significantly impact overall returns
• Seasonal Timing: High season (December-April) typically sees stronger buyer activity and potentially higher sale prices
• Property Condition Cycle: Consider selling after renovations but before major systems require replacement
• Tax Implications: Coordinate with tax planning in your home country (capital gains thresholds, tax year timing)

The most successful investors establish clear performance benchmarks and regularly evaluate their Grenada property investments against both local and global alternatives rather than making decisions based solely on market timing. For CBI investors, the minimum holding period (3-5 years depending on program) often serves as a natural evaluation point for exit strategy reconsideration.

Expert Tip: For maximizing resale value, property maintenance and modernization are particularly critical in Grenada’s tropical climate. Properties showing signs of deferred maintenance typically sell for 15-25% below well-maintained equivalents. The most value-adding improvements include kitchen and bathroom modernization, hurricane protection upgrades, energy-efficient cooling systems, and sustainable water management solutions. For CBI-qualifying properties, maintaining meticulous documentation of the original investment, government approvals, and ongoing compliance can add a 10-15% premium when marketing to subsequent citizenship investors looking for security and certainty in their application process.