Buying your first home on Curaçao
by Pamela Núñez on February 18, 2025
Do you dream of owning your first own home on Curacao? Whether you’re looking for a tropical vacation home, a smart investment or a permanent place to live, buying a home on this beautiful island is a great move. However, the process can be a little different than what you are used to. With the right preparation and knowledge, you will make a worry-free and successful purchase. In this blog, we share important tips to help you find your ideal home on Curaçao!
1. Determine your budget and financing options
Before you start house hunting, it is essential to know your financial possibilities. On Curaçao it is customary for banks to require from foreign buyers an equity contribution of about 20% to 40% of the purchase price. This means that for a house of ANG 300.000, you should have between ANG 60.000 and ANG 120.000 in your own funds.
2. Explore the different neighborhoods
Curaçao offers several neighborhoods, each with a unique character. It is important to determine which neighborhood best suits your lifestyle. Moret Real Estate has an extensive blog on the best neighborhoods to live on Curaçao, which can help you make your choice.
3. Engage a local real estate agent
An experienced local real estate agent, such as Moret Real Estate, can guide you through the purchase process and has knowledge of the local market and regulations. They can help you find homes that meet your needs and advise you during negotiations.
4. Be prepared for additional costs
In addition to the purchase price, there are some additional costs, such as notary fees, transfer tax and possible renovations. By including these in your budget in advance, you create a financial overview and avoid surprises. This way you are well prepared and can invest in your dream home with peace of mind.
5. Save energy smartly
The energy costs on Curaçao can be high, but there are plenty of opportunities to save. By choosing solar panels, energy-efficient appliances and smart use of electricity and water, you can reduce your monthly expenses. This is not only good for your wallet, but also for the environment.
6. Ask about special arrangements for starters
Although Curaçao does not have specific regulations for first-time buyers like in the Netherlands, it is worthwhile to inquire about local financing options or subsidies that can help you purchase your first home. Local banks or financial advisors can give you more information.
7. Go into the mortgage process well prepared
Applying for a mortgage on Curaçao works a little differently than in the Netherlands, but with the right preparation it will go smoothly. Banks look at your financial situation and set specific conditions. By collecting the necessary documents in advance and gaining insight into your monthly costs, you increase your chances of a successful application. Moret Real Estate offers an extensive blog with valuable tips to help you with this.
8. Consider the future
Think about what you want to do with your home in the long term. Will it be an investment, a vacation home or your permanent home? Your future plans will help you choose the ideal location, the right type of home and the best financing options. By taking these into account now, you will make a smart choice that you will enjoy for years to come.
Buying a home on Curaçao is an exciting and worthwhile adventure. By preparing yourself well, mapping out your financial possibilities and making a well-considered choice, you can enjoy your new home to the fullest. Whether it is an investment, a vacation home or a permanent residence, with the right approach you will create a place where you will enjoy living for years to come. Moret Real Estate is happy to help you find your dream home!
