Archives for category: Bahamas Real Estate

Sea Abaco

There has been several articles in one of the local dailies regarding substantially increased property tax rates in Abaco and the wider Bahamas.  In case you missed it, here are the links:

Today the real estate and legal professions in Abaco met with the Property Tax department of the Bahamas Dept. of Inland Revenue. It was a productive meeting and the office heard complaints and queries from realtors and attorneys on behalf of their clients.

The key take away points are:

The Bahamas Government had moved the billing and valuation activity to a centralized system in Nassau.  This has created a hiccup which will be straightened out and it is an unfortunate side effect of trying to modernize and streamline systems.  This part of a longer term activity of switching the governments account to an accrual based system.

Property owners in Exuma, Long Island, Eleuthera and other parts of the Bahamas has been impacted similarly, while the tax office is working on correcting and updating records.

All persons who feel they have been assessed property tax on a value which they feel is inaccurate is asked to lodge an appeal for re-assessment with the tax office in writing.

The deadline for submitting the appeal is March 31st.

The tax office is encouraging persons to make a payment for property tax at the amount of the previously billed 2017 rate while they work through the large number of requests for re-assessment.  In some cases, persons may possibly receive a credit on their account if the taxes paid turn out to be higher than billed.

Lastly, any persons with outstanding arrears will need to bring the account current.  It was not stated but implied that if the property tax account was unpaid for several years, then the tax office will not likely give it a priority, whereas it seemed to be implied that persons who have their taxes current up to 2017 will be given preferential treatment.

If you have more questions or need advice on property tax matters in the Bahamas, I encourage you to contact your real estate agent or your attorney here to discuss your options.

As always, if you have a current appraisal report in hand from a BREA licensed appraiser when you got to visit the office and file an appeal the whole process will be much smoother and quicker.  Contact me for more information on having an appraisal prepared for you.


What are the building codes for the Bahamas?  If you are researching this, keep in mind that it hasn’t been updated for many years and as such many of the newer construction technologies such as some several types of new SIPS or the inflated concrete dome house has not been approved.  If you plan to use a new material or construction style, you could face a protracted delay in working with the Bahamas Ministry of Works to get it accepted.   Below are some key parts the Bahamas Building Code, or click the link below to download the entire document.

Bahamas Building Code 3rdEd.

Below images are of a beautiful home for sale in Long Beach, Great Abaco Island.  It is a 3 bedroom home ready to be completed.


If you own property in the Bahamas or are looking to purchase property in the Bahamas then you have probably thought about the taxes associated.

Photo above:  A beautiful beachfront parcel for sale in Turtle Bay, Central Abaco Island.

Additional information is noted below, but here is a quick summary.  Firstly it is best to deal with this in person in the Bahamas at the relevant office.  Trying to attack the issue from afar will be frustrating to say the least.  You can also hire a Bahamian law firm to tackle it for you.  For those of us who prefer to be more hands on (or retired with lots of free time at hand), you will need to collect the following documents:

Full Appraisal Report

Copy of your conveyance (i.e. your title document)

Copy of last tax bill

A letter to tax office requesting a re-valuation

A simple form completed (Property Tax Application Assessment form)

You can contact me at to inquire on appraisal services in Abaco, or elsewhere in the Bahamas by contacting

It is also important to note that any changes to property value are the responsibility of the property owner to report to the property tax office.  If there any alterations, additions or improvements to your property which alter the property value the owner is required to report to the tax office.  Obviously this seems a bit of an outdated approach, and many individuals choose to delay or omit changes.  While this is acceptable in the short term, in the long term it can create some potential pitfalls.

I have had clients over the years who have built homes on a parcel of land and for various reasons neglected to report the change from undeveloped land to a residential home to the property tax office.  This has inevitably led to problems when the property was eventually sold and a large tax bill was collected from the sale proceeds.  That said, with the current rate structure, many real estate owners may find that their liability is reduced by shifting to owner occupied tax bracket.

One past client, had their tax value reassessed coincidentally the same year he built a home on the property.  This led him to the assumption that the tax office had a record of his newly built home and had adjusted his tax liability on that basis. It turned out that they were entirely unaware of the improvements and they were billing him on undeveloped land for 15 years.


Real Property Tax Rates

Bahamians and non-Bahamians owning real property in The Bahamas must pay property tax. Returns are due on or before December 31 each year, and are filed with the Chief Valuation Officer. Taxes are paid to the Public Treasury and can be paid at the property tax office or online at Rates are as follows:

Property Tax Rates

  • Owner-occupied residential property as of July 1, 2015.
    • The first $250,000 of market value – Exempt
    • On market value over $250,000 and up to $500,000* – 0.625%
    • Over $500,000 – 1% (subject to a maximum of $50,000) %
  • Vacant/Unimproved Land (non-Bahamians)
    • First $7,000 of market value – $100
    • Portion over $7,000 – 1.5%
  • All other properties/commercial
    • First $500,000 of market value – 0.75%
    • Market value over $500,000 – 2%
  • Residential Property (property not owner-occupied, comprising not more than four units (exclusive of outbuildings), used solely as a dwelling, beneficially owned by Bahamians and from which no commercial enterprise is conducted.
    • Property valued under $75,000 – $300
    • Property valued over $75,000 – 0.625%

So essentially, there are 3 categories – Owner Occupied, Undeveloped Land and ‘Other’.

Lately, a number of property owners in the Bahamas have had unreasonably high tax value assessments in recent years.  What do you do now?

The Bahamas Government website has the following information:

Persons owning real property in the Bahamas are entitled to make application to the Real Property Tax office for reassessment once every 5 years. Property owners can have a law firm act on their behalf or undertake the application themselves. Requirements for reassessment include presenting a copy of the most recent tax bill, a current appraisal from a licensed reputable appraiser, completion of the Property Tax Application Assessment Form (available at the property tax office or online at, along with the submission of a signed letter from the owner of record (or their attorney) requesting the reassessment of annual real property tax liability. A 10% discount is applicable on accounts that are current and paid in full by March 31 in any year.

At the time of closing a sale transaction, the attorney for the new owner of the real property registers the sale with the property tax office. A current appraisal is often requested and presented along with the registration.

Your HGChristie Appraisal Team can provide services to address property tax assessment concerns.

Outstanding Property Taxes

  • The Treasurer now has the power to sell unimproved/vacant land where real property taxes are in arrears and unpaid for at least 6 months after the expiration of 30 days from becoming due.
  • New surcharge of 5% on all outstanding real property taxes owing after 31st December 2009.

Real Property Tax Assessment, Payment & Exemptions

The payment of Real Property Tax is required by law in The Bahamas.  The bill is due and payable once produced and must be paid by December 31 to avoid an additional 5% interest.  Please note that if a property is not up to date, it can be sold to recover the taxes owed.

Assessments are used by the Real Property Tax Valuations Unit to determine the value of a property and its related Property taxes. An assessment can be initiated by the property owner or by the Real Property Tax Unit.

All buildings registered on the National Register of Historical Buildings are eligible for exemption from real property tax.  Exemptions are not automatic and must be applied for even when your property is listed on the Historical Buildings List.

Assessment of Real Property

Assessments are used by the Real Property Tax Valuations Unit to determine the value of a property and its related Property taxes. An assessment can be initiated by the property owner or by the Real Property Tax Unit.  A Real Property may fall in the one of the following categories:

  • Owner Occupied
  • Residential
  • Commercial
  • Vacant Land


  1. If a request is made by the owner of the property, the following forms must be completed and submitted to the Real Property Tax Valuation Unit:
    1. Property Tax Application Assessment form
    2. A Declaration of Real Property Tax form
  2. In regards to owner occupied properties, the owner is also required to complete a Affirmation form to facilitate tax exemptions on the section that they live in.
  3. A field visit is then conducted by the Unit where details about the property are gathered
  4. The office will use the information gathered to determine the value of the property and calculate the real property tax liability.
  5. The Unit will then write the owner to inform them of the tax liability, or the tax bill is prepared and issued.
  6. The owner is welcome to object and can visit the office to initiate this process.
  7. The bill is due and payable once produced. Penalties are incurred if bills are unpaid past December 31st of the current year.
  8. Property owners can pay property tax at the Real Property Tax office.
  9. Once payment is made, a receipt is issued by the office.

Application Form(s)

Property Tax Application Assessment form
Declaration of Real Property Tax
Declaration Form Guide
Affirmation Form

Supporting Documents

  • National Insurance Board Number
  • Property Owner’s name
  • Valid ID, Passport
  • Property Conveyance
  • Current Appraisal (i.e. less than 12 months old)

For more information please contact

Business Licence/Valuation Unit
Frederick House
Frederick St.
P. O. Box N-13
New Providence
The Bahamas


Or contact the Abaco office of the Department of Inland Revenue at 1-242-699-0053

Take a look at a recent Nassau Tribune Business article, link below.  If you didn’t take advantage of the down market, you probably missed the boat.



“Top Real Estate Trends Impacting You & Your Business”

My name is Dwayne Wallas, 12 years working in the real estate business with HG Christie Real Estate.  I moved to Abaco in 2007.


I’ve been asked to come here today and present some insight in the real estate market in Abaco.  As you all know Abaco is a unique part of the Bahamas and a unique part of the world.  In my view it is the people that make it unique.

But also and perhaps more importantly it is the geography – it is the only island in the Bahamas which has a relatively large land mass of 650 square miles similar to Grand Bahama or Andros while also having the 120 mile long chain of barrier cays.

This combination is not found anywhere else in the Bahamas or the Caribbean for the most part.  The ‘mainland’ of Abaco offers the ability for farming, logging, and more light industry or the option to have an estate or many acres with waterfront.  The tourism potential of Great Abaco Island is also very much untapped.

The barrier cays offer unique boating experiences together with wonderful communities.  Put the two together and the potential is tremendous.

I believe Elbow Cay is a perfect example of a thriving development model for the Bahamas.  It offers several small scale hotels together with restaurants and most importantly ATMOSPHERE.

The data I will be showing is derived from the Bahamas MLS.  Therefore it only takes into account sales transactions that have had a broker involved.


What is selling in Abaco?

Hope Town is booming.  The rest of the Abacos have had a banner year but it all trails way behind Hope Town.  The community has managed to strike a balance between authenticity and capacity.  This year you could not rent a golf cart on the cay unless you booked it well in advance.  The real estate market on the cay is similarly very strong.

Treasure Cay is the close second for driving the economy of the Abacos.  The area sees a strong tourism market as well as posting a strong year for the real estate market.  The condominium market in Treasure Cay was in terrible shape, but the past 2 years have finally seen the inventory reduced and the market is beginning to normalize.


The Marsh Harbour market is a tough nut to crack.  The market for Bahamians is starting to normalize as the banks are starting to ease lending requirements, but the property values are still depressed.  On the other hand the luxury or foreign investor market in Marsh Harbour (MH) is still very much stagnant.  I see lots of growth potential for the centre of Abaco, but it is suffering as a tourism destination.

Marsh Harbour is generally just a transit point and a shipping/business centre.  There is an opportunity to grow the tourism market here and by extension improve the foreign second home owner market.  From what I see MH seems to lack the charm and “islandy feel” visitors expect when they arrive at the airport.

Baker’s Bay is in full steam construction mode and providing tons of employment but not affecting the real estate market of Abaco at all.  It is its own microcosm and has little direct effect on the Abaco economy apart from the jobs.

Similarly the Abaco Club at Winding Bay is in slow growth mode and provides good employment but has little to no effect on the real estate market anywhere else in the Abacos.  The new developer, Southworth, is slowly rebuilding the prestige and demand.

My last point on this topic, as you can see from the chart, the strongest areas of Abaco are Elbow Cay and Treasure Cay.  The remote parts of Abaco have limited demand.

There are some good opportunities in the remote areas, but be aware that you will be in for a long haul.

Similarly the vacation rental market is only really functioning in Treasure Cay or Hope Town.


So What about Abaco Compared to the Rest of The Bahamas?  

It is often said that Abaco is a more vibrant economy than Grand Bahama and this chart certainly shows that, although it is given that Grand Bahama is more than just real estate sales.  There is industry in Freeport which we lack here in Abaco.  Maybe for the better, maybe not?

Point is, Abaco is a strong real estate investment market, high sales volume and a high average price point.  Prices in Abaco are not too far off Nassau and second in the country.


It is, I believe, an economic model to be learned from and encouraged to blossom.  The current test case of locally operated property tax collection on Elbow Cay is interesting and I’m keen to see how it works out.

Chart of Sales Growth Abaco


Over the past 7 years the data shows growth of sales volume of 18% per year.  Despite the growth in the market and strong activity levels, I’m seeing property values are still dropping somewhere around 5% per year.

I anticipate this trend to turn around in the next 12 months.  As inventory is absorbed, we should see prices start to stabilize and begin to push up a little.


Government Stimulus to Real Estate

Current incentives of 1st time buyers and Family Island Encouragement Act are having positive impacts.  I believe they should continue.

I believe the taxes on the purchase and sale of real estate is too high.

Stimulating the real estate market and providing incentives to buy here will further stimulate the wider economy.  It is said that a new home owner will further spend an additional 10-20% of the purchase price on furniture or remodeling etc.  That adds up to a significant amount of money being circulated around the economy.

I would urge the government of the Bahamas to further incentivize the real estate market and encourage home buyers, both local and foreign.


The Acreage and Development Market is completely dead…

There has not been a single transaction of a tract of acreage in Abaco in 10 years.  There are many factors at play but the 2 key reasons I believe to be

  1. Restrictions on foreigners purchasing tracts of land via Foreign Investment Board
    • I believe this market should be liberalized.
    • Keeping it restricted does not benefit the Bahamas.
    • The tax revenue on the sale of large tracts of land is a good reason to encourage the market not restrict it.
    • The vast tracts of raw land are not benefiting anyone by sitting dormant.
    • It is all too common to have a large tract of land owned by 10 or 20 people who inherited it and they will never reach a decision on what to do with it.
  1. The cost of developing land in the Bahamas for sales of lots has risen beyond the ability to realize a profit. The cost of utilities, road paving and legal expenses, plus marketing costs are significantly higher than the price one could sell a residential building lot for right now.
    • A Non-waterfront residential lot on the main island of Abaco sells for an average of $30,000
    • Cost to develop a subdivision of lots for sale in Abaco is around $30,000
    • Therefore No incentive to develop.


The Tribune has recently published 2 articles on land registration reform, one from the president of the Bahamas Bar Assocation, the other form the president of the Bahamas Real Estate Association.  To quote Mr. Elsworth Johnson

“A registered land system would divulge the number of frauds that cause people to be dispossessed of their land. It would also reduce the amount attorneys are able to charge [for real estate transactions]”

Thank you all very much for the opportunity to share some of my thoughts today.


Have a wonderful day.

Check out my latest listing, its luxury, its future investment, its the most prestigious estate on the market in the Beautiful Abacos.


I must apologize to my readers, I have been too busy over the past 6 months to sit down and write as often as I should.  Since January, I have only had time to write once.  I shouldn’t really be taking the time now to write this but I have put it off for too long.  There have been some significant changes in the real estate market in the Bahamas lately.


The Iconic Abaco Estate, Man O War Cay.

If you talk to seasoned real estate brokers in the Bahamas how have been in the profession for 20 years or more, they will tell you that historically in the US election year the market in the Bahamas dips.  Suggested reasons include pre-occupation of the US buyers, or uncertainty for the US economy based upon who wins the presidency, or simply that would be buyers are putting money into the campaigns of their chosen candidate.  Who knows the real reason – there is only opinion and anecdotal evidence.  And until 2008 there really was little empirical evidence to prove that the market was up or down.  As I’ve written in this blog before, the presence of our Bahamas MLS is a great improvement and tool for the real estate business in the Bahamas.  We now have 8 years of good data with the possibility to tease out some real trends based upon real numbers.  It’s night and day compared to the end of the 20th century when the internet was still unfolding.

We still have little real access to data from the Government.  But perhaps in the future that will change.  There is a silver lining to the implementation of VAT – a brand new division of government was established to collect and keep track of Value Added Tax.  It is called the Department of Inland Revenue (i know, very original right?)  This division is staffed in large part by trained accountants, who will hopefully keep good records.  Through the collection of VAT, there may be a beneficial result in the provision of detailed accurate data on the performance of the economy and perhaps even real estate.

The Bahamas still needs to clean up its act in terms of the ease of doing business in real estate transactions.  Ask any real estate professional and they will tell you the current system is not sustainable.  Excessive costs, taxes, inadequate recording, and insufficient tenure of title are a few of the downfalls in the business.  Add to it he need to provide an appraisal for every real estate transaction and the speed with which a sale can occur gets slower and slower every year.  It is still possible to close a sale in 2 months, but it is the exception.

Now for some hard numbers:  Last year January –June 2015 saw 248 real estate transaction recorded on the Bahamas MLS, the same period this year is posting 291 sales.  A 17% increase in sales activity is stellar.  Equally positive is the increase from 209 transaction during the 6 month period of 2014, showing a year over year increase of 19%.  (Side note:  There are 25 properties still pending from 2013 on the MLS)

2016 1st half sales volume

The table shows a strong growth in sales volume in the Bahamas.  I expect this trend to continue steadily.  Given this is a US election year which is supposed to be a slow period for sales in the Bahamas and given the data shows a strong market leading into this election, it is reasonable to assume that the real estate market in the Bahamas will see a bumper year. Dare I say bubble?  Or is that too early?

If the 17% growth continues, we can expect to see 340 transactions in the first half of 2017.

One interesting  point for sellers to note, is that over the past 4 years, there has been a steady 3000 listings on the Bahamas MLS.  (this year is 3,010, last year was 3,008).  This would tend to support the idea that there are a large number of sellers around the Bahamas who are fishing with prices which are unrealistic.  And these sellers continue year in and year out just hoping the movie star or lottery winner comes along to buy their home because it is so much better than the neighbors.   While at the same time there is a large segment of the market who are likely listening to their Realtor or broker and being serious about getting their home or land sold.  Point is, listen to the real estate professionals, and get second and third opinions on pricing and values.  Don’t list with a company or agent just because they say they can sell it for the highest price.  Work with the realtor who is giving you the real picture.

There are a few really good opportunities around to take advantage of this growth in the Real Estate Market.  One of them is a package of 16 beachfront condominiums in Marsh Harbour.  The possible returns could be substantial with the right person at the wheel.  Take a look at the details here:

Aerial Photo ABTBS for web

PS: the construction incentive, called the Out Island Encouragement Act, was extended for another year so building materials are still import duty free until June 2017.  VAT is still payable though.  This is a good reason to start building that dream home now.  Call or email if you have any questions about this.

Many times I am asked how the process of buying real estate in the Bahamas works.  Often our foreign home buyers (who love the idea of having a tropical home in the islands) are concerned about the process and the security of the investment.  I will discuss the Bahamas Investment Safety and Security at another time.  Below I have outlined the rough steps and a very rough estimate of the time it takes for each one.  I have to qualify all of this by saying the estimates of the length of time it takes vary widely.  How quickly a sale will close in the Bahamas is dependent on many many factors, some of which are beyond the parties control.  For instance I have seen a financing application take 6 months for approval.  I have seen title and requisition process take as long at 6 months due to continuing questions arising from the history of the chain of title.

Beach View 6

Above: Palm Ridge at Bookies Bay, The Most Charming Cottage In The Most Beautiful Place on Earth, currently priced at $750,000.

On the other hand, I have seen instances where the whole process moved like clockwork and the new homeowner had the keys and were enjoying a cocktail on the back porch in less than 7 weeks from the time of first offer.  For things to move this quickly under the bright Bahama sun (which seems to slow everyone and everything down to the speed of warm molasses) is not a common occurrence and it is imperative to have patience when dealing with a real estate transaction in the Bahamas.

There is a major factor which can influence the speed of a real estate transaction here, and that is whether a bank is involved providing financing for the purchase and/or if a bank is releasing and existing mortgage on the property being sold.  This is partly a result of the Bahamas banking environment being dominated by 3 major Canadian institutions.  The final approvals of any major decisions the lending institution has to make is not made here in the Bahamas, it is made offshore somewhere.

That said, the lender won’t commit to financing a purchase until they have a copy of a formal purchase agreement in hand.  We commonly insert a 21 day financing clause in purchase agreements which allows the buyer 3 weeks to formalize their loan and get a commitment letter.  3 weeks may seem like a good length of time, but I would suggest working on getting as much of the paperwork as possible into the loan rep, before making an offer.  They will take 2-3 weeks just make a decision, so if they are waiting on something from you like a reference or utility bill that will hold the hole process up.  I would ask 3 times for the complete list of all the documents they will need from you just to be sure that all the bases are covered.  In my experience they always come back a week later and say they need one more thing, and often that happens more than once.

With the 21 day financing clause inserted into a formal “purchase and sales agreement”, if you don’t get the loan secured you can get your deposit back and everyone can walk their separate ways.  The vendor is often weary of entering into an agreement which is dependent on a bank partly due to the time off the market with no guarantee of a sale and partly due to a bit of expense in hiring a lawyer to prepare a purchase agreement and work with the purchaser’s attorney on the deposit etc.  Title investigations typically don’t start until after the financing commitment letter is in hand.  Once the title is approved, they we move to conveyance drafting and approval and then the mortgage would be drawn down.

 Time to close a cash sale (no mortgage involved) is 60-90 days.  Time to close with a bank mortgage will be 90-150 days.  So keep in mind you won’t be able to take possession of the home for some months while waiting on the lender to do their thing.  Some people will purchase a home in cash and then leverage the cash back out with a mortgage after the purchase as it allows them to take possession of the home sooner.

  •  First step is to get the ball rolling with the bank and get a nod. (about a 1week)
  • Second we put in the offer to purchase, negotiate and hopefully reach agreement in principle (1-2 weeks)
  • Third you retain an attorney top represent you in the transaction, put up a deposit with the seller’s attorney’s ‘Escrow Account’ and the purchase agreement is executed by both parties. (1-3 weeks, this begins the real process of purchase, get appraisal, all paperwork to bank, references, etc.)
  •  Forth, you put in the formal application for financing, provide the bank with a copy of the executed purchase agreement and go through the motions with them. (3-5 weeks) (If Necessary, no bank financing involved, it would skip straight to the title search)
  • If the buyer is getting a permit from the Foreign Investments Board, the application gets put in right away and approval of the permit can take 2 weeks up to 3 months.
  • Then, once the mortgage is approved and you have a commitment letter in hand. Your attorney begins title search. (3-5 weeks)
  • Once title is approved the vendors attorney drafts a conveyance, it gets approved and the vendor executes (2-3 weeks)
  • Then the bank gets a copy of the conveyance and begins to draw down funds. (2-6 weeks)
  • Once the funds are disbursed, the sale closes and you can take possession. (you get the keys).

So, the long and short of it – it could take as little at 6 weeks to close a purchase or it could take as long as 6 months and it all depends on the seller, the buyer, the attorney’s involved, the government for the permits and often most importantly the lender.  So make sure to have the right people involved who are attentive, motivated and on the ball to see the sale happen.

I recently had a sale occur where the buyer’s attorney lost the purchase agreement after the purchaser had signed it and neglected to send it to the seller’s attorney for 3 months.  So while we all thought the sale was proceeding, it hadn’t even started.  Stay in touch with your lawyer and keep them moving things forward.

Lastly, having an experienced and motivated real estate broker or agent on your team can have a very positive effect on ensuring the least amount of frustration and delay.  HG Christie is one company with a strong team of professional sales staff who know the ins and outs of Buying and Selling homes, land and development property around the Bahamas.  Feel free to comment and tell us your story in buying or selling real estate below.  I hope you enjoy this post and find it somewhat useful.

Check out this great write up on if you are buying, selling, re-financing, settling an estate, investing or even considering building.



Albany Resort Residences, Gym Facility

by Lee McCoy

When looking to start or expand your current business, there is no better way than to utilize a pre-engineered steel building. These buildings are custom designed to your requirements – whether your end use is open retail space, storage & warehouse space, a garage, or a back-of-house facility, the buildings are tailored to your location, specifications, and requirements.

Available on the market are many used facilities. These buildings can be relatively new builds or can be over fifty years old. Steel buildings have been in the Bahamas since the early 20th century. Not only have these buildings been subject to our extreme weather conditions (think salty, humid air), but design requirements have been drastically improved over the decades. From a safety standpoint, you want to make sure the building will withstand hurricane force winds and the environment they are located in.

The first step would be to get an appraisal done by a licensed real estate company, such as HG Christie. The real estate agent (or the buyer/seller) can hire an authorized manufacturers representative to inspect the building also. This inspection would point out any obvious problems and compare the cost of a new building to repairing the existing building. TMC Engineering Ltd. is an authorized Star Buildings distributor and a 100% Bahamian company, with experience in refurbishing and installing new buildings throughout the islands. Any inspection fees charged (which are nominal) are applicable to any work done on the project post-purchase.

There are a host of things to consider when purchasing a used steel building. Many modifications can add value and life to the building, such as a retrofit roof system, added insulation for energy efficiency, and replacing wall panels. Structural steel can be repaired and any damaged secondary structure can be replaced with new, galvanized materials; screw and bolts can be replaced with new long-lasting fasteners. If anchor bolts are worn away, new bolts can be drilled and epoxied into the foundation.

Whether you choose a new build or a renovation project, there are a variety of other considerations. PBR and standing-seam roof systems both offer excellent features, but vary in cost. Factory applied material coatings (essentially paint) can add years of protection to new materials. Wall panels come in a variety of options, including hidden-fastener panels and insulated metal panel systems. Insulation facings and thicknesses can decrease your BEC bill significantly, with a quick pay-off. Doors and windows can add function and curb-appeal, while skylights and ventilation make the building comfortable.

If you’re going for a new building or a used building, be sure to get an experienced builder on your side early in the process. This can save you on costs and schedule, and make sure your facility is up to your standard.

About the Author:

Lee McCoy is the President of TMC Engineering Ltd., a 100% Bahamian company founded in 1999 and based in Nassau. They are an award-winning, authorized Star Buildings distributor and installer. TMC has experience in projects large and small throughout the islands of the Bahamas & the Caribbean.


TMC Engineering Ltd.

#8 Moseley Lane

Nassau, Bahamas


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