Villas Boreales is a wonderful community comprised of 16 residential lots which is currently under development and is run by a home owner's association consisting of caring Canadians that put community first.

Three of these properties already have homes built on them which are used by the owners at different times throughout the year and shared with families and friends. This community offers fantastic views, a tranquil atmosphere, fresh breezes, and access to a wonderful untouched beach area where you can swim in the warm waters of the Caribbean. 

This is guarded and gated community which gives peace of mind to the owners that their property taken care of whether they're there or not. 

There are also maintenance crews who take care of this property to maintain it's charm and natural beauty. It is close to local stores, a well equipped American hospital and it is only a few minutes away from Villas Paraiso Escondido and all its amenities.

These lots are serviced with water, power, and sewer system and is the perfect community for those who are interested in retiring, semi-retiring or just having a family home in the Caribbean.

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LOT AVAILABILITY:

Currently there are 4 lots available in this great community


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PURCHASING:

Purchasing at Villas Boreales is a simple process requiring a $10,000.00 U. S. dollars deposit to hold a lot and a full
payment to be made within a specific time period negotiated between you and our sales agents which is normally
30 days.

In this particular community we are selling individually owned lots, deposits may or may not be refundable but this will
be negotiated in the terms and agreements of the sale.

A title will be provided to you 6-12 weeks after the final payment of you property is received and your residency cards
will. Once you have obtained your title you can begin construction on your property.

FEES:

This community is taken care of by CANADIAN MANAGEMENT COMPANY who provides security, maintenance, and landscaping. Fees are charged on quarterly basis and are only $90.00 U. S. dollars per month which include: security, sewer treatment, administration, gardening, beach maintenance, general maintenance and *garbage removal. When your house is not being occupied and is not in the rental pool, you can choose to obtain a **housekeeping service and your house will be cleaned and maintained once a week. ***Canadian Management can also be hired to be responsible to take care all bills that are listed under the individual home owner's names for example; power, water, cable, etc.

*$5/month extra
** $50/month extra
*** An administration fee may apply

TAXES:
 
property taxes are very low in this community and range between $55 and $300 per year depending on lot size and if there is a home on the lot.

BUILDING:

Once you have obtained your title, you can begin construction of your home on your property in as little as two weeks but you do have up to 3 years to build and you may also apply for a two-year extension giving you a total of 5 years. You may build with any contractor in Honduras and we recommend CONSTRUCTORA DEL CARIBE construction company as they are the leading builder in Balfate and the main builders in Villas Paraiso Escondido. All plans may require the approval of the Home Owner Association and by the college of engineers

LOCATION:

VILLAS BOREALES is 45 to 50 minutes away from La Ceiba and the nearest international airport and is located right in the community of Balfate and is only 50 feet from the beach.


 
RENTING:

You are free to rent your property out to anyone you wish and the best time to rent out your home is between the months of December to the month of September which is the dry season. This property is attractive because of the beaches, close by amenities and easy going environment. Honduras’ North coast also has the benefit of having over 1.5 million visitors annually which means renting our properties is a whole lot easier.

There are three different ways to rent your home;   The first and most convenient way is to have our management company Canadian management company rent your property for you during a period of time of your choosing. There are no upfront costs to you and you will receive 70% of the revenue acquired from your property which will be deposited into your Honduran bank account on a monthly basis. The money is accessible via a bank cad and only declared in Canada if you transport the money to Canada. See your accountant or legal advisor for more details.

The second way is for you to handle the renting side of things and having the management company take care of the entire formalities look after the renters and your property. You will receive 80% of the revenue and the management company will retain 20%.  

The third way is for you to completely manage your own property and retain 100% of the revenues but the bad news is that you may have to spend quite a bit of time in the Caribbean and probably on the beach. You also must own multiple properties and live on site.

RESELLING:

Because you have full ownership of your property, you are free to resell your property at any time after 18 months of ownership. Not only are you free to sell, but you can sell to anyone around the world but some restrictions may apply to you and the purchaser by the Home Owners Association.

for more information on this great community please contact us today

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