Bermuda Property Matters

BERMUDA PROPERTY MATTERS

2023 Priceless

The complete guide to Island property for buyers and sellers

Latest home developments Top tips when buying Guide for first-time buyers

An Energy Efficient Home Saves Money, Time & the Environment!

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CONTENTS

8 Trending The latest home developments On the cover: Sandcastle on the South Shore. www.sandcastlebermuda.com

Published by Bermuda Media PO Box HM 2032 Hamilton HM HX Tel (441) 292-7279 E-Mail: hello@bm.bm www.bermudamedia.bm Publisher: Ian Coles Marketing Director: Lissa Fisher Art Director: Tim Parker Contributing Writer: Annabel Cooper

10 Appliances Energy efficiency matters 11 Air Conditioning Maintenance is critical 12 Indoor Air Quality Important to your health

15 Legal Advice Local expertise is essential 16 The Small Print A guide to purchasing 17 Buying The step-by-step process 18 Overseas Buyer Guide Your priceless investment 21 Best Properties Homes sure to be on your wishlist

Associated Media: Bermuda Business Visitor New Resident Guide Your Future Going Green Health & Beauty Building Bermuda House Garden Kitchen and Bath Your Office and Commercial Space The Bermuda Channel Bermuda Property Matters 2023

5

ENVIRONMENT

Bottled Water that’s Better for Bermuda Bermuda Waterworks explains why its bottled water is an excellent choice for those concerned about our environment

T

he bottled water industry was going green long before the term became popular.

Through its home and office segment, the industry has demonstrated a significant impact on reducing pollution through the repeated use of its bottles until their life cycle is completed.

Bermuda Waterworks manufactures bottled water in reusable 3- and 5-gallon containers. The company repurchases used bottles in

Pure Water is great tasting and an environmentally responsible choice. It is essential to get proper hydration to maintain your body’s mental and physical performance.

BERMUDA WATERWORKS IS HERE TO MEET ALL OF YOUR WATER NEEDS WITH OUR DISTILLATION AND DESALINATION TECHNIQUES.

CHECK TO SEE IF OUR PIPELINES ARE AR AVAILABLE IN YOUR AREA. CONTACT US TODAY.

Check out the easy to use PURE WATER & PURE ICE VENDING MACHINE E MAKE SSURG B IN YOU BR LE TT B BO YOUR CCAP!

OPEN 24 HOURS

HOURS OF OPERATION

MONDAY - FRIDAY: 8 a.m. – 5 p.m.

(OFFICE, RETAIL SHOP & DRIVE THRU)

A DIVISION OF BERMUDA WATERWORKS LIMITED

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SATURDAY: 9 a.m. – 1 p.m.

(DRIVE THRU ONLY)

order to encourage clients to return them in good condition for a full credit on their next transaction.

Empty bottles should only be refilled with Pure Water.

They are not meant to hold trash or other liquids such as drink mixes — a popular choice at picnics. A bottle that has been used for drink mix cannot be reused by Bermuda Waterworks. The company encourages clients to contact them if they need rejected bottles for any sports or fundraising events.

Bermuda Waterworks’ most popular water cooler is Energy Star rated. These coolers help residents and businesses reduce their energy bills, and can help make a difference for the environment. This is because products that earn the Energy Star prevent greenhouse gas emissions by meeting strict energy efficiency guidelines set by

the US Environmental and Protection Agency.

These energy efficient coolers are available in room temperature/cold and hot/ cold models. The company also sells water-dispensing equipment that do not require any electricity. There is the very popular dolphin pump, where water is manually pumped out of the bottle. There is also the compact cradle and valve that sit perfectly on any counter.

The ceramic crockpot is another decorative option. All of these models dispense water at a pleasant room temperature.

Bermuda Waterworks also provides piped metered water, 100% of which is manufactured by reverse osmosis. This process requires electricity. However, over time, new and energyefficient equipment has been installed in order to reduce our consumption of fossil fuels. The company encourages residents to use its utility water wisely as a top-up supply. A new self service vending machine has been installed. It dispenses Pure Water and Pure Ice. Clients can bring their reusable empty bottles and purchase water.

Clients can even reuse their cap if they wish. Going green made easier with budget friendly options.

For more than 85 years, Bermuda Waterworks has manufactured water to meet the island’s growing needs.

The company will continue to do its part in making water production as green and efficient as possible.

Bermuda Property Matters 2023

BUYER’S STRAP GUIDE

Getting a foot on the property ladder It has never been easy to buy a house in Bermuda, but very few have regretted taking this bold step to freedom

F

you gradually reduce the outstanding loan balance, your equity increases.

It also increases as the value of your house appreciates.

It’s actually a form of savings.

Instead of putting money in a savings account, you are saving it in your home.

As such, it can be used as collateral for all kinds of further borrowing, such as making home improvements.

or most of us, real estate is (as the saying goes) the biggest single purchase of our lives, and there are, without doubt, some of the biggest and most daunting decisions to be made that you will ever face.

The reality is that very few people are able to afford their dream home as first-time home buyers, so try to be pragmatic and think of your first home as just a first step. What’s important is that one way or another, you get started on the property ladder.

Want a bargain? Then read on…

Renting vs buying Let’s assume you’re now renting and planning to buy for the first time. A 20-year mortgage would enable you to own your home free and clear in 20 years.

Why take on such an onerous longterm commitment? For one thing, owning your home gives you control over your housing costs. If you’re renting now, you know that landlords like to raise their rents every year.

Meanwhile, mortgage payments remain stable, even if your monthly mortgage will probably be higher than the monthly rent on a comparable property for the first few years.

Owning a home also confers another distinct advantage: if necessary, you can sell it and collect the profit. But really, a house is much more than an investment — it’s your home. There are many wonderful feelings that come with owning a home. You gain control over your lifestyle. You will never have to move because a landlord is selling the building or raising the rent or doesn’t like your pets or your children. And you will have something meaningful to give to your children.

Just like with any other investment, ignore short-term ebbs and flows in Bermuda Property Matters 2023

value. Building your equity is a slow process. But you can decorate or improve your property any way you wish. And unlike a tenant, you benefit from the improvements you make: wise upgrades make the home more valuable. You will likely recoup most of the expense in the form of profit when you sell.

Building equity In addition to pure price appreciation, you enjoy other financial benefits from owning your own home. One of the most important is the build-up of equity. Equity is the difference between the value of your home and the balance still payable on your mortgage.

Your equity builds each time you pay off on your mortgage. Part of every mortgage payment is applied toward reducing the mortgage principal. As

Prices have always been high for nice places in the central parishes. There is an ever-diminishing supply and a never-diminishing demand, therefore prices go up. So, broaden your search, and look at properties in Somerset or St. George’s. We suspect that you might stumble upon a pleasant surprise or two.

The fast ferries make commuting from the West End quick and convenient, and if you talk to anyone who lives in St. George’s or St. David’s they will tell you how wonderful it is to live in the East End. Fixer-uppers and run-down properties can sometimes seem like bargains but be wary and ensure you go into any transaction to purchase such a property with your eyes wide open. Unless you can do the bulk of the fixing up yourself, they can be too much trouble, and that trouble may be deeper than it looks. Expert advice is essential.

Another issue is that lending institutions are more likely to say yes to a property in reasonable condition.

It means that if the worst came to the worst, they could sell it without too much difficulty whereas a half-finished fixer-upper would probably remain a liability.

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#TRENDING

Coming soon..........

Gree Flexx system Whole home central system high efficiency replacement from Gree. Noise levels on outdoor reduced to as low as 45db. Smaller footprint with horizontal discharge. Uses eco-friendly R410a refrigerant and can utilise the in place 24V controls.

HVAC Shack Ltd. 4 Canal Lane, Pembroke HM 02.

Tel: 234-6227. hvacshack@coldsnapservices.com

Sealy Adjustable Base Sleep solutions Furniture Walk continues to provide Bermuda with the best sleep solutions, from its extensive mattress gallery and pull-out sofa beds, it has now added the Luonto line of fine, functional furniture.

Luonto is a Finnish company that prides itself on its sustainable manufacturing process. Chairs, love seats, sofas and even sectionals will surprise you with the way they seamlessly convert into comfortable sleep solutions. www.luontofurniture.com.

Tel: 292-5209. www.furniturewalk.com

Sealy’s EASE 3.0 Adjustable Base works with any Sealy Posturepedic Mattress. It adjusts with a remote and can go into any bed, just like a boxspring. Or attach the included legs, add a mattress and you’ll have a complete bed. Stop by and test drive one today.

BATE’S. 7 Marsh Lane, Devonshire.

Tel: 236-7866. www.bate.bm

GE Small Appliances GE Appliances continues its long legacy of creating industry-leading reliable appliances, by now offering Small Appliances. From toasters that defrost to immersion blenders that can also chop, its countertop appliances offer timeless modern designs and features that work as they should. Stop by and check them out or see what we have in-stock by visiting “BUY NOW” at www.bate.bm.

BATE’S. 7 Marsh Lane, Devonshire. Tel: 236-7866.

Bedgear If you feel like it’s time to up your sleep game, then check out this new line: www.bedgear.com. Bedgear is a company that believes sleep is personal and provides unique options for feel and temperature. From its best selling Flow Cuddle Curve Pillow to its performance mattresses, you can customise your ‘bedgear’ to suit your every sleep need.

Tel: 292-5209. www.furniturewalk.com.

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Bermuda Property Matters 2023

#TRENDING

In-duct air purification system The all new HALO-LED™ by RGF is the industry’s first LED in-duct, whole home air purification system that is both mercury free and zero ozone compliant. The HALO-LED™ proactively treats every cubic inch of air conditioned space, thereby reducing airbourne and surface contaminants and pollutants, such as bacteria, viruses, mould, odours and allergens. Available exclusively from AIRCARE Ltd. Tel: 292-7342. Email: info@aircare.bm. www.aircare.bm

Superior solar power Panasonic launched in 2021 the new EverVolt 370/360-watt solar panel for residential and commercial installations. TripleGuard 25-year warranty covering product, performance and labour and 21.2% efficiency for industry leading power output with less roof space. Available now from BAE, Bermuda’s only authorised Panasonic distributor and installer.

Airkool House, 9 Mill Creek Road, Pembroke.

Tel: 297-3639. Email: info@bae.bm. www.bae.bm

Pipeline to Somerset Bermuda Waterworks provides potable water through its pipeline distribution system that extends from Devonshire through parts of Hamilton and as far west as the intersection of Somerset Road and East Shore Road. It also sells bottled water under the Pure Water brand, produced by distillation – pure to the last drop.

Tel: 299-7873. Email: purewater@bwl.bm. www.bwl.bm Bermuda Property Matters 2023

9

APPLIANCES

Save money, time, and the environment with energy efficient appliances Matt Gerardo, VP, BATE’S, explains the many benefits of Energy Star appliances at the top of their objectives for all home improvement projects.

Household appliances designated as Energy Star will not only reduce energy costs, they are also environmentally friendly and provide more convenience. For example, Energy Star washers use about 25% less electricity and 33% less water, plus you can also wash more clothes in a single load and ith the rising cost of dry them faster — which means electricity, as well as less loads, and less time spent in the environmental concerns, laundry room. first time home buyers and existing In the average household, 30-45% homeowners, should have ‘energy efficient’ of energy consumption is drawn from appliances being used on a day-to-day basis.

This includes washer, dryer, range, refrigerator, dishwasher, and water heater. This number will be skewed for those with gas powered appliances, such ,* [LMXI ƹ GY JX 5VSǻPI WQEVX XST PSEH as dryers and ranges, however [EWLIV [ QMGVSFER ERXMQMGVSFMEP XIGLRSPSK] the benefits of having Energy MRGPYHIW GYVFWMHI HIPMZIV] Star appliances cannot be For example, a gas range or dryer will use ignored. about half the amount of energy when Household appliances have two compared with an electric model. prices: the purchase price, and the As the saying goes, “the Stone Age did operating cost of the appliance.

Although energy efficient appliances not end because they ran out of stones”, we transitioned to better solutions. The same are often the more expensive option opportunity lies before every homeowner in the short term, when compared with “Energy Star” and gas appliances. with conventional alternatives, utility bill savings over the life of the efficient product will fully offset the initial cost and yield an impressive return on investment.

According to the US Department of Energy, it is estimated that you can reduce your electricity costs up to 30% simply by switching from standard electric appliances to Energy Star models. Gas appliances are another good option and provide 8LI TSTYPEV ,* ǻRKIVTVMRX VIWMWXERX WXEMRPIWW WXIIP GY JX FSXXSQ JVII^IV VIJVMKIVEXSV [ impressive savings measures as well.

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Bermuda Property Matters 2023

ENVIRONMENT

Home air conditioning maintenance Wayne Chapman of Cold Snap Services, explains why maintaining your air conditioning is so important

T

he benefits of regular maintenance on any machine are well known, however there are a wide variety of types and quality of care and upkeep.

For domestic mini split airconditioning, the most basic level is washing filters and cleaning drains. But mini split filters cannot block particles of less than 40 to 50 microns. Mold spores, fine dust and other airborne contaminants can infiltrate the internal components resulting in an odorous, respiratoryirritating coating that gets distributed around the room.

This can be particularly detrimental for those who suffer from respiratory diseases such as asthma. Also, in April 2021 the CDC (Center for Disease Control) acknowledged that COVID-19 is primarily communicated through airborne transmission and not surface transmission.

And indoor room air quality can be directly related to the cleanliness of parts not easily seen by users.

A full strip and clean maintenance (deep clean) of the indoor unit at least once a year is highly recommended by the industry. A properly cleaned mini-split air conditioner has tri-fold value — it increases energy efficiency, extends the working life of the unit, and enhances indoor air quality (IAQ).

A good quality deep clean does take time, a single wall mount unit can take several hours to complete, and there are specialist cleaning materials designed to remove dirt but not cause corrosive damage to coils. Another optional extra to consider is a secondary layer of antibacterial filters.

When it comes to mitigating airborne particles, the finer the grade of air filter

the better. However, with increased grade comes a detrimental effect on system efficiency, the system must work harder to move the same amount of air.

A cost-effective solution are antibacterial filters that come in a variety of options. They are smaller, and generally saturated in a substance which reacts with air-borne pollutants at a molecular level. There is an activated carbon option which is well known for deodorising and absorbing unpleasant smells.

Catechin, a natural extract from green tea which effectively eliminates 95% of carcinogenic agents. Photocatalytic filters which oxidise and degrade organic contaminants. And the latest development from GREE is the silver ion filter which can sterilise 99% of bacteria.

The cooler months in Bermuda are an ideal time for deep clean maintenance.

Many companies slow down after the summer madness and can spare the time for a thorough cleaning. For further enquires contact Cold Snap Services Ltd, service@coldsnapservices.com.

Telephone 234-6227.

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Bermuda Property Matters 2023

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ENVIRONMENT

The importance of indoor air quality The experts at AIRCARE explain how installing the right HVAC system in your home can improve your health, and your budget

W

hile a home consists of walls and a roof, doors and windows and appliances and furniture, it’s the air inside that is most important when it comes to comfort, health, and wellness.

Heating, ventilation, and air conditioning (HVAC) have always been important considerations for homeowners and with the impact of COVID, indoor air quality has become more important than ever.

Old, inefficient HVAC systems can be a significant energy cost. Ensuring energy efficient rated units are installed can reduce energy use by as much as 50% according to the US Department of Energy. Homeowners can check for the

following energy efficiency ratings prior to purchasing an HVAC system for their home: 1. Seasonal Energy Efficiency Ratio/ Rating (SEER): the cooling output of an air conditioner over a typical cooling season, divided by the energy it uses in Watt-hours.

2. Heating Seasonal Performance Factor Rating (HSPF): the total heat delivered by the device during normal usage divided by the amount of electricity it takes to deliver that heat.

3. Energy Efficiency Ratio (EER): the air conditioner’s capacity is divided by the air conditioner’s power based on a fixed set of conditions (outdoor temperature, indoor temperature, and relative humidity).

AIRCARE on Serpentine Road

The higher the energy rating, the more energy efficient the unit. Energy ratings can be provided for each system supported by AIRCARE to ensure customers know the efficiency of the system they are purchasing.

Concerning indoor air quality, viruses, including COVID, bacteria, mould,

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Now, more than ever, your home is the place you can truly take a breather. Keep the air in your home fresh, clean and controlled with a residential HVAC system from AIRCARE.

At AIRCARE, excellence is everyday.

aircare.bm | info@aircare.bm | 292.7342

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Bermuda Property Matters 2023

ENVIRONMENT

allergens, and other pollutants can become airbourne and linger in the air indoors. The Environmental Protection Agency has reported that indoor air pollution can be up to 100 times higher than outdoor air.

AIRCARE offers a range of energy efficient, proven, effective air

purification products and services to significantly reduce the harmful pollutants in your home — in addition to the latest energy efficient HVAC systems from the world’s leading manufacturers including Daikin and Midea.

Additionally, professional, regularly

scheduled preventative maintenance is the best way to reduce operating costs, maintain efficiency and prevent unexpected emergencies. AIRCARE’s proactive approach minimises potential issues before they become large, expensive repairs and saves time, money, and worry in the long run.

In order to maximise efficiency, AIRCARE works with clients to determine their needs and takes a measured approach that includes energy audits and recommendations, integrated system design, installation, testing and energy management and automation systems. Once a system has been agreed, AIRCARE technicians can take care of full system installation, management, testing, create custom controls, alarms and notifications and provide detailed energy usage analysis and reports to demonstrate cost savings and improved indoor air quality and comfort.

For more information on how to improve heating and cooling efficiency, indoor air quality and ultimately lower costs visit www.aircare.bm or call 292-7342 to arrange a consultation.

Furnishing Bermuda’s homes for over 30 years 12 Harvey Road, Paget | Open Monday-Saturday 9am-5pm | call: 292-5209 | www.furniturewalk.com

E A S Y PA R K I N G • I N - H O U S E F I N A N C I N G • I N - S T O C K I T E M S • M AT T R E S S G A L L E RY

Bermuda Property Matters 2023

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co nyers .co m

For experienced legal advice on all property matters contact Conyers’ Real Estate and Property Development team. b

BUYING, SELLING, LEASING, DEVELOPING?

We welcome both local and international clients.

LEGAL ADVICE

Acquiring Bermuda real estate: experienced, local legal advice is critical B uying real estate can be a complicated procedure, especially in Bermuda. With no title insurance in Bermuda, the purchaser needs to confirm the title is in order through their attorney. An experienced local lawyer can assist you in determining whether you will acquire good title to any property before you buy.

With over 75 years of experience in the Bermuda property market, Conyers can advise on any real estate deal on the island, whether standard or complex, residential or commercial. Our clients range from local home owners to international property developers.

We have extensive experience working on large residential, commercial, condominium, hotel and resort property deals in Bermuda.

The law relating to the acquisition of Bermuda real estate by non-Bermudians is complicated. The Bermuda Government restricts the properties, both freehold and leasehold, available to non-Bermudians to the upper end of the real estate market, along with those linked to hotel developments.

The intention of this restriction is to preserve the majority of the housing stock and undeveloped residential land for Bermudian ownership.

Whether or not a property is available for purchase by foreigners

Conyers Real Estate and Property Development Team Francesca S. Fox Director francesca.fox@conyers.com +1 441 278 7989 Cynthia M. Millett Counsel cynthia.millett@conyers.com +1 441 298 7898 Oliver Goodwin Associate oliver.goodwin@conyers.com +1 441 278 7996 Bermuda Property Matters 2023

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is determined by its type (freehold, leasehold, hotel linked) and its annual rental value (ARV ) ascribed by the Government valuation department.

Presently, only houses with an ARV above BM$126,000 and hotel linked condos (regardless of ARV ) qualify.

Realtors typically indicate if a property is available for purchase by foreign buyers. Non-Bermudians require a licence from the Minister responsible

for Immigration before they are granted permission to buy a house or condo.

The application, which must relate to a specific property, generally takes between six and eight weeks to approve.

The advice of a Bermuda lawyer who is familiar with the law relating to non-Bermudian purchasers and with the licence application process can save much time and ensure the purchase goes smoothly.

Like all Bermuda attorneys, our charges for property transfers are made in accordance with a scale established by the Bermuda Bar Association.

Our attorneys also have a wealth of experience in all kinds of property financing, including residential and commercial mortgages and project financing. We work with all major banks in Bermuda and act extensively for both lenders and borrowers.

Should the need for litigation arise, we can handle all aspects of civil and commercial arbitration and litigation in connection with residential or commercial property.

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LEGAL ADVICE

When Purchasing Your Dream Home…

Denis de Frias provides a guide to help you buy your new home.

1. Get Your Finances in Order • Preapproval: A mortgage charges the title of the property until repayment of the loan is complete, at which time the charge is released. It’s always best to start by making an appointment with a local lender to seek pre-approval for financing.

Confirm with your lender how long preapproval lasts for.

• Stamp Duty: The Government Stamp Duty charged on the transfer deed should be considered. Your attorney will prepare a mortgage deed; there are stamp duty and legal costs associated with this document, too, and these costs are the sole responsibility of the purchaser/borrower.

2. Find a Property Attorney While purchasing a property can be a relatively straightforward transaction, each deal presents its own unique circumstances that require the guidance of professionals trained in the intricacies of buying/selling Bermuda property.

3. Background Checks

Know what you are actually purchasing.

• Property Condition: Bermuda is known for its proven construction methods; thus, buyers do not customarily request structural surveys. However, if the site is sloped, there is a possibility of termite infestation or outdated electrical and/or plumbing installations.

• Boundaries: Ensure that the seller restakes the property boundaries to ensure there are no encroachments or other discrepancies.

• Tenants: When purchasing a property that contains one or more units, verify: • If tenants are currently living in the property • Rent registered with the Rent Commissioner’s Office • There have been no illegal increases in rent and the history of tenant payments.

• Planning Search: A planning search is conducted to ensure that no property development has been made without

planning permission. This usually takes four weeks to be processed.

• Title Search: Your attorney will conduct a title search and will also search the Land Title Registrar’s Office and Supreme Court for any outstanding mortgages and judgments against the property, the seller, and predecessors in title.

Land Taxes: These are payable twice a year in equal instalments. The history of payments should be verified.

4. Sign on the Dotted Line: Once you have made an offer on the property, and it has been accepted, your attorney will review the sale and purchaseagreement and make any necessary amendments before you sign it.

Denis de Frias is a director of MJM Limited and is responsible for the firm’s property practice. Mr de Frias has more than 20 years of experience in a broad range of property transactions, including condominium development, complex financing structures and residential and commercial real estate sales and purchases.

Property Our property team is dedicated to providing pragmatic and responsive advice across a broad spectrum of residential and commercial property acquisitions and sales (freehold and leasehold), mortgages and other property related transactions.

We provide a full range of services to our property clients in the following areas: • Purchase and sale of Bermuda property

• Mortgages and secured lending

• Conveyancing for estate planning

• Residential and commercial conveyancing and leases

• Planning and development • Purchase and sale of hotel properties • Purchase and sale of local businesses involving commercial property • Condominium development • General property advice

MJM LIMITED

P.O. BOX HM 1564

TEL 441.292.1345

THISTLE HOUSE

HAMILTON HM FX

WEB www.mjm.bm

4 BURNABY STREET

BERMUDA

HAMILTON HM 11

16

For further information please contact:

Denis de Frias Stephanie Matthews Nathan Samuels Hil de Frias

BLOG www.bermudalawblog.bm

in linkedin.com/company/mjmlimited

Bermuda Property Matters 2023

ADVICE FOR BUYERS STRAP

Buying your own home is an exciting time.

But there’s lots to think about.

From saving for a deposit, to finding a home, making an offer and securing the deal, here’s a guide to help you through the process.

1. Build up your savings The first step to getting your dream home is having sufficient funds. If you don’t have enough for a deposit, make a savings plan. You can also create a budget to see where you can cut back and save more.

It’s a good idea to save as much as you can when planning to buy a home because: • a larger deposit may help you reduce your monthly repayments • you will need money to cover the costs of buying a property such as stamp duty, conveyancer’s fees, and moving • your savings can help you furnish or complete work on your new home

Need help with your savings plan? Book an appointment with an HSBC wealth specialist. Visit: www.hsbc.bm/wealth/ financial-planning.

2. Get an idea of what you can afford It is then important to get a rough estimate of how much you could borrow for a mortgage to give you an idea of the type of property and location you could afford. It may also help you work out how much you’ll need to save for a deposit.

Try HSBC’s free online mortgage calculator to see how much you may be able to borrow. Visit www.hsbc.bm/ mortgages/calculators.

3. Know what type of property you’re looking for Take some time to think about what is important in a home versus what you’d like. This will help you narrow down your search when it comes to looking at properties. For example: What is important

What you would like

At least 2 bedrooms

Ideally 3 bedrooms

Outdoor space for dog

Private garden

Close to town

Water views

When making your list, think about your long-term needs. For example, if you’re hoping to start a family, finding a place with room to expand may mean that Bermuda Property Matters 2023

you won’t have to sell to buy a bigger place in the future.

Location is also important. Visit different areas to get an idea of what it would be like to live there and what areas you can afford to buy in.

4. Get a Pre-Approval Letter A Pre-Approval Letter – also known as an Agreement in Principle – gives you a clear idea of how much you could borrow based on your circumstances. It usually involves a verification of income and savings towards down payment.

A Pre-Approval Letter is not a guarantee that your mortgage application will be accepted, but it can help you understand your options and what you may be able to afford. It also shows real estate agents that you’re serious about buying a property.

HSBC aims to confirm your preapproval on the same day that you apply.

It is free and valid for 90 days. To learn more visit: www.hsbc.bm/mortgages/ preapproval.

5. Find the right home and make an offer With your list of requirements in hand it’s time to contact real estate agents, search for properties and arrange viewings.

It may take some time, but when you find a property you want, deciding on the right price to offer can be exciting and scary. From asking the right questions to negotiating tactics, get tips on how to make an offer on a property.

If your final offer is accepted – congratulations. If not, keep looking – your new home, at a price you’re happy with, could be just around the corner.

6. Apply for a mortgage Once your offer has been accepted on the property, you can apply for a mortgage.

There are different types of mortgages to choose from. The one for you will depend on your financial situation, future plans and the type of property you’re buying.

The mortgage application process can take a few weeks. It involves detailed checks of your finances and your lender may want to conduct its own valuation on the property you want to buy. If your mortgage application is approved, your lender will send you an offer.

7. Carry out the legal work There will be legal work involved with buying a property which is carried out by a lawyer. Typically mortgages close within 30 days of sign off and there will be costs involved.

Among other tasks, a lawyer will typically: • check the legal title to the property • manage the chain for exchange of contracts and completion • collect and transfer money including Stamp Duty (if payable) • carry out property searches to check for any environmental or planning issues that might affect the property’s value

8. Exchange contracts and agree a completion date The exchange of contracts is when lawyers swap signed contracts on behalf of you and the seller. It’s also when they’ll ask you to transfer your deposit over to them.

When you exchange contracts – you’re legally bound to buy the property. You will need buildings insurance in place at this point.

Home Buildings insurance protects you against the cost of repairing or rebuilding your home from scratch, should it get damaged from an insured risk, so it’s important to consider getting the cover you need. Let HSBC Insurance protect your home and property. To request a free, no obligation insurance quote visit www.hsbc.bm/insurance/products/homebuildings-insurance.

Exchanging contracts is a big milestone, when you can do a celebratory dance.

This is when you can pick up the keys to your new home and give yourself a pat on the back.

17

INTERNATIONAL BUYERS

Why overseas buyers purchase in Bermuda The experts at The Property Group explain why property on the island is a priceless investment

T

he year-round beauty of Bermuda, with its pastelcoloured houses and white roofs, exotic flowers, pink beaches, and mild subtropical climate, is a great lure for the hundreds of international buyers who purchase homes in Bermuda.

Also of great appeal are the high

18

standard of living, excellent health care, the presence of international legal and accounting firms and banks, excellent schools, and regular direct flights to the Island from the USA and regular direct flights to the United Kingdom.

Typically, international purchasers who buy property here as a permanent residence or a holiday home, already know Bermuda, having worked here, vacationed here, or simply want to retire here.

Property has grown steadily in value over the decades and remains secure, thanks to the island’s history of political and social stability. A diverse range of properties is available for those from abroad to purchase – from grand houses with asking prices

between approximately $3 million up to $20 million. You can also purchase a condominium as long as it is in a designated development, that is affiliated with a hotel. It provides the opportunity to rent one or more bedrooms back to the hotel which allows a purchaser to earn income.

Fractional ownership is another option, you can purchase weeks or Bermuda Property Matters 2023

INTERNATIONAL BUYERS

months, everything from a one bedroom for quiet times or a 3 or four bedroom for larger families. Many of these properties are in beachfront resorts and are ideal if a buyer does not need a year -round home.

Bermuda government has also issued a new opportunity that you can learn more about at this address https://www.gov.

bm/economic-investment-certificateand-residential-certificate Local property lawyers and real estate agents guide buyers through the negotiation and purchase process.

Bermuda has proved to be a very safe destination after the COVID-19 pandemic. We have been delighted to see a rise in interest from overseas buyers

who are looking at Bermuda as a safe place to escape The Bermuda way of life is truly priceless.

For expert advice on the Bermuda property market and details on fine homes for sale, contact The Property Group. Tel: 441-234-6900.

Sallyann Stratton at 1-441-535-4521 Brittany Archer at 1-441-505-1466

So much more than a full service real estate firm.

We have a passion for Bermuda real estate that guides everything we do to help our clients find their perfect home.

Nautilus House, 82 South Rd Warwick WK08, Bermuda (441) 234-6900 www.property-group.com

Bermuda Property Matters 2023

Managing Director: Sallyann Smith Sallyann@tpg.bm (441) 535-4521

Managing Director: Brittany Archer Brittany@tpg.bm (441) 505-1466

19

BEST PROPERTIES

Camp Sea Ashe Beautiful family home with apartments set on half acre lot with swimming pool and surrounded by mature grounds, this stately home with two additional attached units is within walking distance to the City of Hamilton. The eastern two story main house was originally built over 100 years ago and has a fully renovated kitchen. The house is accessed through a large covered patio with exposed beams into a reception area, a formal living with fireplace, a formal dining

room and bar area opening into a modern kitchen with breakfast bar and large pantry.

Also a small room/office, a laundry and a gym or fourth bedroom with bathroom.

The second floor has a master bedroom with ensuite bathroom and an adjacent large walk-in closet and an additional two bedrooms with a shared bathroom.

The attached centre unit has been completely renovated and is comprised of a large living room with beamed ceilings,

Palm Vale Palm Vale sits at the end of a private driveway, minutes from Devonshire Bay. The large family home, spread over more than two acres of land, includes a main house, a two-apartment dwelling and a separate laundry/workshop. All sitting on an Bermuda Property Matters 2023

an open plan modern kitchen and dining area, a separate laundry and a large master bedroom with built in closets and an ensuite bathroom.

The western two storey apartment has a very large living room, an open plan dining room and kitchenette, a large laundry, a powder room, a master bedroom with ensuite bathroom and walk in closet and a second bedroom with ensuite bathroom. $1,995,000 Keller Williams Bermuda. Donna Bennett. Tel: 535-9909.

Email: donna.bennett@kwbermuda.com. www.kwbermuda.com

extensive lot of 2.04 acres which includes a subdivided lot of approximately two-thirds of an acre that could be separately developed. The land is zoned residential two, with some overlays of agricultural reserve and woodland reserve.

The main house which was recently updated with new electrics, plumbing, windows, doors, kitchen appliances and cabinetry, and split-system air conditioning, in all five bedrooms, has three bathrooms, living room, study, games room, dining room and a modern kitchen.

There is a large workshop which houses the laundry, and a powder room that is convenient to the elegant, covered dining terrace. On the western side of the house is a two-apartment dwelling that is in need of some refurbishment, but which offers tremendous potential to enhance the value of the property. $1,975,000 Keller Williams Bermuda. Donna Bennett. Tel: 535-9909.

Email: donna.bennett@kwbermuda.com. www.kwbermuda.com 21

BEST PROPERTIES

Atlanta-by-the-Sea This superior property situated in the heart of Bermuda’s prestigious Tucker’s Town, showcases the beautiful 4-bedroom ”Atlanta-by-the-Sea” main house and its charming 4 bedroom guest cottage, “Jolly Roger”. Both are meticulously maintained and ready to move in. You are just a short walk from the Mid Ocean Club with its award winning golf course, tennis courts and pink sand beaches, and nearby are Rosewood’s Tucker’s Point hotel, golf course and clubhouse and its tennis courts, private beach club and restaurants.

Built within 2.2 acres of immaculately groomed gardens Atlanta-by-the-Sea and Jolly Roger are connected by a pathway alongside the stunning pool and pool patio. The main house overlooks the idyllic Tucker’s Town Bay and enjoys spectacular views of Castle Harbour from many rooms and patios. Upon entering this elegant 4-bedroom home the formal living room welcomes you with beautiful water views, a lovely fireplace and adjacent wet bar which leads to the adjoining covered patio, finished with a bright Italian tile theme and perfect for entertaining or relaxing as you enjoy the stunning views. On this same upper level are the spacious master bedroom with large his and hers closets and beautifully appointed bathroom. In a 22

separate section are two guest bedrooms, each with bathroom en suite and doors with plantation shutters leading to a peaceful walled private garden with large shade tree. The level below features the formal dining room with patio and lovely views, a large, bright kitchen and breakfast room plus the family games and TV room as well as a peaceful library/sitting room with its own guest bathroom. On the lower level, in addition to the grand and quiet office which is connected to the upstairs by a spiral staircase, are located the laundry, exercise room, housekeeper’s bedroom, bathroom and a workshop. There are many special features throughout, including wood floors and specially selected Italian tile and marble. There is central air conditioning, a two car garage and an adjacent garage for a golf cart. The 4-bedroom Jolly Roger guest cottage is a stroll through the beautiful groomed garden or accessed by its own driveway and comprises a lovely guest bedroom suite with breezeway connecting to a separate, spacious recreation room with cedar beams and fireplace. In the adjoining wing, there are a further 3 bedrooms and 2 bathrooms. This property is a must see for the discerning buyer.

The price is in US dollars. $9,500,000.00 The Property Group. Vicky Hamshere, Tel: 295-2412, Email: vicky@tpg.bm www.property-group.com Bermuda Property Matters 2023

BEST PROPERTIES

Azura opportunity to own an investment property. This may work well for a nonBermudian purchaser, who may not be in Bermuda year-round.

Any non-Bermudian who joins this programme will benefit from some major concessions such as not requiring a license fee.

Somerset Road

Bermuda Property Matters 2023

We are small but MIGHTY All our inventory has been sold and rented with lots of happy clients!

Let us make you a happy client!

TRUST CONFIDENCE

EARNING YOUR

Have you noticed the hub of excitement along Somerset Road with all the new businesses opening up. Well, take advantage of this opportunity to buy this 3-apartment property, sitting on the edge of the hub. This can be considered as an investment or as a home. The property comprises of two, 2 beds/1 bath and a 1 bed apartment. The property sits on 0.215 acres and offers great yard space for entertainment. $550,000 MainPoint Real Estate. Erna DeGraff, Tel: 296-0984 or 335-0984.

Email: mainpointrealestate@gmail.com. www.mainpointrealestate.com

Enjoy all the conveniences of living at Azura, including a swimming pool, private beach access, and central location as well as gym, spa, and restaurant all steps away from your front door.

The Property Group. Sallyann Smith, Tel: 535-4521, Email: sallyann@tpg.bm www.property-group.com

AND

Amazing opportunity to own an Azura condo. This is a very sought-after development with only a few units left.

This 2-bedroom 3-bathroom luxury condo is situated in the first phase of the development and boasts a large garden area in front of the unit with fabulous views. Another extra bonus is a spacious climate-controlled storage room. The unit enjoys two covered patios and is a short stroll to the pool and restaurant.

The living, dining and kitchen are open plan and there is also a full bathroom for guests. The master bedroom has an en suite bathroom with a claw foot tub and a large walk-in closet. The second bedroom has a walk-in shower and double sinks.

Every room has views of the South Shore. There is approximately 1,500 sq. ft. of living space, and the ceilings are about 12 ft. high which gives a feeling of spaciousness. The floor plan has been cleverly designed to function as a one or two-bedroom villa, depending on the owner’s needs at any given time. The extra bedroom which is fully furnished can be rented separately through the Azura Hotel, which offers an excellent

Kim Sheen

Broker/Owner (441) 734-1264

kim@kimsheenproperties.bm www.kimsheenproperties.bm

23

BEST PROPERTIES

Luxury Resort Condo Looking for a lifestyle change? The luxury property Newstead Belmont Hills Golf Resort and Spa offers year round living and an opportunity to own a piece of paradise.

This modern and beautifully finished ground floor, single level, two bedroom apartment has everything you need for comfort.

In unit 720/721 there is the main bedroom that is ensuite with whirlpool tub and separate shower and marble countertops and spa like finishes. The French doors lead to a covered patio. The open plan living room leads through French doors to another patio — there is ample space for dining in or outside. The kitchen is well appointed and modern and leads to the powder room and spacious hall closet. The second bedroom is also ensuite with French doors to its own patio. This room has its own entrance and can be locked off, offering the opportunity to generate some income with a hotel rental if you wish.

This fully furnished, nearly 1800 square feet, unit is finished to a high standard with superior workmanship and materials including Kohler products and granite counters and hardwood

floors. Additionally, there is your very own lawn with coconut palms and hibiscus to add more to your outdoor living space.

Tucked into the lush landscape of Paget Parish, overlooking beautiful Hamilton Harbour, Newstead Belmont Hills features a splendid fusion of elegant comforts and luxurious resort amenities appealing to the most discerning clientele.

As an owner you have full use of the pool and jacuzzi, the gym and tennis and the ferry service to Hamilton. There is a restaurant on property and full service spa and salon. There is a covered parking space on property Membership to the award winning Belmont Hills Golf Club is also included. Here you will find find two restaurants and a Pro Shop.

Don’t miss this opportunity to own ‘Your Island Home’ in a whole new way of life.

Available to Bermudians, PRC, Belongers, Work Permit Holders and International Purchasers. $1,200,000 Keller Williams Bermuda. Contact Lisa Smith Outerbridge.

Tel: 517-0769. Email: lisa.outerbridge@kwbermuda.com. www.kwbermuda.com

SANDCASTLE This architectural gem overlooks the pristine turquoise waters of the South Shore. Enjoy morning swims, evening bonfires on the beach with friends, and perhaps even kayaking or spearfishing in the waters off Marley Beach.

Sandcastle is a new development, constructed in 2015, and situated on its own private beach, known as Marley Beach. Nestled between Astwood Park and Southlands Nature Reserve, Marley Beach is one of the most beautiful, unencumbered, and peaceful private beaches in Bermuda.

Be inspired by watching the spectacular sunrise over the ocean each morning, on display from the master bedroom and balcony. Relax in the evenings with the tranquil sounds of gentle ocean waves breaking on the beach. To own Sandcastle is to own a piece of paradise.

For more details visit: www.sandcastlebermuda.com 24

Bermuda Property Matters 2023

BEST PROPERTIES

Waterfront with beach Gorgeous 2 bedroom plus loft, waterfront Breakers condominium with beach. The moment you walk in this upper unit, located on the west side of South Shore, you will enjoy the uninterrupted ocean views. The apartment comprises open plan living/ dining/kitchenette (with corian countertops), bump out office and patio overlooking the majestic South Shore ocean. Master bedroom with ensuite bathroom, access to patio, ensuite bathroom plus bonus loft (could be combination office and added interior storage). Bedroom 2 with full bathroom plus outside is a laundry hook-up specifically for this unit. Beautifully done cedar floor boards in the bedrooms. Closets are cedar lined and other cedar trims throughout. Kitchen and bathrooms in great condition. Definitely a must see. Appliances not included but may be for sale at an added cost. $560,000 Bermuda Longtail Real Estate. Cecilia ‘Cesa’ Edwards, Tel: 232-2769 or 535-2769.

Email: cesa@bermudalongtail.com. www.bermudalongtailrealestate.com

Looking to rent or buy?

Call +1 (441) 535-2769 today!

Country Living Southdown Farm, Southampton. $435,000. Split-level home with 2 bedrooms, 2 bathrooms, living room with fireplace and patio access to lawn, kitchen. In need of some remodelling but loads of potential and nicely situated amongst several acres of private gardens and close to beaches.

Crisson & Co. Ltd. Real Estate. Jennifer Benevides, Tel: 505-7732.

Email: jbenevides@crissonrealestate.com www.crissonrealestate.com Bermuda Property Matters 2023

Cesa Edwards Real Estate Broker Bermuda Longtail Real Estate Ltd SALES & RENTALS

Email: cesa@bermudalongtail.bm www.bermudalongtailrealestate.com 25

BEST PROPERTIES

Tucker’s Town Beach Front Fabulous beach front property in Tucker’s Town with more than 5,000 sq. ft. of living space. The beautiful main house has five bedrooms, each with its own newly renovated ensuite bathroom, large living room and dining room, newly renovated kitchen, sun room, and a lovely large covered verandah overlooking the South Shore. The addition of a stunning pool cottage has greatly enhanced the property bringing the bedroom to a total of eight. The cottage with its open plan design has three bedrooms, two bathrooms and looks out over the 20’ x 40’ infinity pool to the beach and ocean beyond. Both homes are very spacious and have spectacular views and direct access to the beach from the pool patio.

Situated just a 5 minute drive from the renowned Mid Ocean Club and Tucker’s Point Club and their amenities, 15 minutes from Hamilton and 15 minutes from the airport.

The Property Group. Contact Gill Butterfield. Tel. 534-7746. Email: gill@tpg.bm www.property-group.com

3-minute walk to Hamilton Richmond Court: $575,000. Top floor condo with tray ceilings and balcony. 2 bedrooms, 2 bathrooms, living/dining room plus kitchen, storage room. Small private complex with a swimming pool. Vacant and available for immediate possession.

Crisson & Co. Ltd. Real Estate.

Jennifer Benevides, Tel: 5057732. Email: jbenevides@ crissonrealestate.com. www.crissonrealestate.com 26

Bermuda Property Matters 2023

BEST PROPERTIES

City Living 10 Dundonald Street, Hamilton. $545,000. Bright 1 bedroom, 2 bathroom flat with western exposure. Balcony. In great shape and rented on a long lease with an excellent return of $4,000 per month. Impressive investment property.

Crisson & Co. Ltd. Real Estate. Jennifer Benevides, Tel: 505-7732.

Email: jbenevides@crissonrealestate.com. www.crissonrealestate.com

Edelweiss This split-level home sits on a sloping, 1/3 acre lot, with fantastic views overland and out to the Great Sound. The main living areas are on the middle level of this 3 level home, and consist of a living room with a wood-burning fireplace, dining room, kitchen, and covered porch. Up a few stairs leads to an area with two bedrooms, one with an ensuite bathroom, and a full bathroom for the 2nd bedroom or guests. The lower level has a third bedroom or guest suite, with its own bathroom, small kitchen, and entrance. This level is connected to the main house through an internal door and staircase, but could easily be separated to create a studio apartment. Lots of potential with room to add on. $995,000.

Keller Williams Bermuda. Debbie Moura. Tel: 535-1400.

Email: debbie.moura@kwbermuda.com. www.kwbermuda.com Bermuda Property Matters 2023

27

BEST PROPERTIES

Citrus Situated in a quiet area of Harrington Sound, on a heavily wooded lot, sits a small, three unit development. Citrus, is a lovely 2 bedroom, 2.5 bathroom, townhouse style, middle unit with an elevated deck that enjoys views of Harrington Sound. The spacious entry

includes a powder room, stairway to the upper level, and a large storage closet.

Also on this level is an open plan living/ dining room with wood burning fireplace, French doors that lead to the private deck, a beautifully finished kitchen and laundry closet, and tiled throughout. The carpeted upper level consists of master suite, with built-in closets and drawers, a walk-in closet, large bathroom with

Close to town

Located minutes away from the City of Hamilton is this 4-apartment dwelling with 4 assessment numbers, near Admiralty House beach and Spanish Point (Pontoons) beach nearby. The 28

main house comprises sunken living room with faux fireplace and patio, dining room, kitchen with island and stainless appliances. Master bedroom with faux fireplace, ensuite bathroom,

double vanity, whirlpool tub and separate shower. There is also a second bedroom with adjacent bathroom. Other features of this impressive unit include airconditioning throughout, large basement storage and its own water tank. $775,000 Keller Williams Bermuda. Albert Moura. Tel: 535-1453.

Email: albert.moura@kwbermuda.com. www.kwbermuda.com double vanity, separate shower and separate soaker tub and walk-in closet.

Bedroom 2 with ensuite bathroom and lots of closet space. Bedroom 3 with powder room and closet. Separate office (can be bedroom 4) and laundry.

Apartment 1 — open plan living/dining/ kitchen combination with bedroom and bathroom. Patio off living room.

Apartment 2 — living room with patio, kitchen/dining room combination, bedroom and bathroom. Apartment 3 — open plan living room/dining room combination, separate kitchen, bedroom, bathroom and den (could be office). This unit has a yard attached.

Great neighborhood. Rocky access to the ocean. All 4 apartments are rented.

Excellent nvestment. $1,145,000 Bermuda Longtail Real Estate. Cecilia ‘Cesa’ Edwards, Tel: 232-2769 or 535-2769.

Email: cesa@bermudalongtail.com www.bermudalongtailrealestate.com Bermuda Property Matters 2023

BEST PROPERTIES

minutes away from Somerset Village is this spacious 3 bedroom, 2.5 bathroom home which has an open plan living

dining kitchen, primary bedroom with walk-in closet and ensuite bathroom, hallway and powder room all on the lower level. There’s also storage under the stairs.

The upper level has a landing area ideal for bookshelves and a couch for lounging or enjoying a great book, laundry area, 2 bedrooms and a Jack ‘n Jill bathroom in between. Once you drive in the estate, you can’t help but feel a sense of calmness from the shared mature landscape and tranquil gardens. This townhome does require renovations to make it perfect. The property owner is responsible for their own landscaping immediately outside the dwelling. $680,000 Bermuda Longtail Real Estate. Cecilia ‘Cesa’ Edwards, Tel: 232-2769 or 535-2769.

Email: cesa@bermudalongtail.com. www.bermudalongtailrealestate.com

a games room and a dedicated laundry, with storage.

In addition, there is a large recently created and self-contained one bedroom apartment on the lower level, with a large covered patio area, leading to the expansive pool deck and built in BBQ area. The apartment features a new kitchen, wet room/bathroom and walk in closet. The deep wooden deck area that wraps around the rear of the upper level of the main house offers complete privacy from the walk out apartment below.

However the apartment could easily be re-incorporated into the main house, if desired. There are extensive storage areas (one formerly used as a workshop) and plumbing hook ups for a second laundry on the lower level.

The property is available to Bermudians, B.O.T.C. ‘Belongers’, PRC holders and overseas purchasers. Asking price $4,950,000 The Property Group. Liz Wright.

Tel: 331-2014, Email: liz@tpg.bm. www.property-group.com

Peace and tranquility A sense of peace and tranquility can be yours, if you make Zen Gardens townhouse your new home. Located

Knollwood Well-situated over 1.14 acres of completely private, mature and tranquil grounds, Knollwood is just a stone’s throw to the Royal Hamilton Amateur Dinghy Club and within easy walking distance to the City of Hamilton.

Featuring generously proportioned rooms, the main house offers approximately 6,000 sq. ft. of living space and over 2,000 sq. ft. of covered terraces and balconies, overlooking the newly refinished pool and extensive pool deck to the rear. The house is approached along a sweeping driveway and features extensive gardens on all sides, creating an oasis of calm. The house sits on a sloping lot, offering walk outs and easy access to both levels, and was recently renovated to the very highest standards, with an open plan concept and its many French doors/oversized windows, and high ceilings throughout provide an addundance of light.

The main level comprises a very large formal living and dining room with fireplace, a spacious den with fireplace, a state of the art Bulthaup kitchen with breakfast bar and informal breakfast area, a master bedroom with large ensuite bathroom, walk in closet and deck access, and an additional two bedrooms (one with walk in closet), both with ensuite bathrooms and own deck access. The lower level of the main house features Bermuda Property Matters 2023

29

STRAPPROPERTIES BEST

Fair Lady What are you looking for in your dream home? Waterviews, spaciousness, awesome location, close to the City, apartments for that additional income, garage, parking, yard, balconies and large square footage. Fair Lady can offer you these and more. Fair Lady was lovingly built and designed with a purpose. It sits on 0.34 acres with an extensive floor area of 4,500 sq. ft. and enjoys distant ocean views. This property comprises 3 dwellings: Upper West Apartment of two storeys. On the lower floor is the open plan kitchen, living room and dining room, bedroom, powder room and an office. On the upper level there’s two bedrooms, a large bathroom, master bedroom with ensuite bathroom and balcony off the master bedroom. Upper East Apartment is also two storeys. Enjoy the combined large living and dining room with a fireplace, separate large den, kitchen with a sit to island, bedroom, powder room, garage and laundry, all on the lower level. On the upper level you

will enjoy an extensive master bedroom with ensuite bathroom with ‘his & her’s’ closets. Balconies for relaxation can also be enjoyed from the master suite.

The Lower Apartment is situated on the lower level and to the rear of the dwelling. This cozy apartment consists of a living and dining area, kitchen, bedroom and bathroom. Close to supermarkets,

churches, beaches, restaurants and so much more. Fair Lady is seeking a new owner to love it as it always has been. Call us today to view and discover all of its attributes. $1,450,000.

MainPoint Real Estate. Erna DeGraff.

Tel: 296-0984 or 335-0984.

Email: mainpointrealestate@gmail. com. www.mainpointrealestate.com

Ocean view condo

Water views

Mount Wyndham unit #14 is a renovated end unit which is very private and has several balconies to enjoy ocean and Harrington Sound views. Offering 3 bedrooms and 2 bathrooms upstairs and a bonus office/den with powder room downstairs, the living room, dining room and kitchen are all close enough for convenience while being comfortably separated for both family life and working from home. This unit is beautifully situated in a quiet and safe development with great amenities including a large pool and tennis courts. $1,250,000 The Property Group. Contact Brittany Archer. Tel: 505-1466.

Email: Brittany@tpg.bm www.property-group.com

Are you looking for an upgraded condominium reasonably priced? Battery Condominium Unit 2 comes with water views towards Little Head Park and St. David’s Cricket Club. The apartment consists of 2 bedrooms, 1 bathroom, covered entrance porch, dining room, kitchen, living room and laundry. Apartment was upgraded in 1999. At the rear of the condominium is an outside patio and storage room. Parking for the building is on the southern side where there is designated parking within the communal car parking area. The development has well-maintained grounds. Monthly maintenance is $325.00 Offered at $295,000.

Bermuda Longtail Real Estate. Jutkita Wilson. Tel: 232-2769 or 505-6590. Email: jutkita@bermudalongtail.com. www.bermudalongtailrealestate.com 30

Bermuda Property Matters 2023

KEY CONTACTS

Building, Interior Design, Decorating Services & Furniture Stores Anslie’s Interior Décor Ltd. Cindy Laws, Interior Design Specialist Custom Draperies & Upholstery, Fabrics, Kirsch Rods & Poles 236-9993 AIRCARE Ltd 292-7342 Atlas Home Improvements Brian Smith 297-2852 BAC Group of Companies Sanjay Smith 292-0881

info@anslies.com

www.ansliesdecorbermuda.com

info@aircare.bm www.aircare.bm brian@atlashomeimprovements.bm ssmith@bac.bm www.bac.bm

BATE’S/Joshua Bate Trading Bermuda Ltd. Matt Gerardo

236-7866

Evergreen Landscaping First Class Air-Conditioning Ltd. Furniture Walk GL Construction Hamma Galleries HVAC Shack Intelligent Automation Solutions Island Glass Ltd. OBM International

Manuel Pimentel

293-8817

evergreenlimited@outlook.com

Shawn Simons Laura Smith-Mayne Gilbert Lopes Interior Design, Furniture Wayne Clapham Matt Walker

333-3603 292-5209 799-4565 292-8500 747-7627 293-4887 295-5134

firstclass.air2@hotmail.com laurasmith@furniturewalk.bm glconstruction@northrock.bm info@hamma.bm hvacshack@coldsnapservices.com info@intelligentautomation.bm sales@islandglass.bm

Pembroke Tile & Stone Pimentel Pools Ross Painting

Architecture, Interior Design & Landscape Architecture Zachary Simmons Manuel Pimentel Michael Ross

278-3550 292-8453 293-8817 337-1168

bermuda@obmi.com sales@pts.bm pimentelpools@outlook.com mrosspainting@gmail.com

bermuda.obmi.com www.pts.bm

Lawyers Conyers MJM Ltd

Francesca Fox, Director Denis de Frias

278-7989 292-1345

Francesca.Fox@conyers.com ddefrias@mjm.bm

www.conyers.com www.mjm.bm

Mortgages HSBC Bermuda Real Estate Bermuda Longtail Real Estate Ltd .

Crisson & Co Real Estate Harbour Realty Ltd. Joy Lusher Real Estate Keller Williams Bermuda Kim Sheen Properties MainPoint Real Estate McInnis & Associates The Property Group Ltd.

Personal Banking Personal Lending

matt@joshbate.bm

299-5959 (option 1) 299-5959 (option 5)

Cesa Edwards Herb Crisson Jonelle Smith Sue Lusher Albert Moura Kim Sheen Erna DeGraff Heather McInnis Brittany Archer Sally Ann Smith

232-2769 734-7000 333-5374 333-9138 236-0737 734-1264 296-0984 335-0984 737-5753 505-1466 535-4521

cesa@bermudalongtail.com hcrisson@crissonrealestate.com jonelle@harbourrealty.bm sue@joylusher.com albert.moura@kwbermuda.com kim@kimsheenproperties.bm

mainpointrealestate@gmail.com

296-0984 335-0984

mainpointrealestate@gmail.com

Specialty Services Bermuda Elite Cleaners

Sarinna (Jackie) DeMello

234-1043 705-8821 236-1823 299-7873 292-9509 292-9509

bdacleaners@btcnet.bm

Bermuda Property Matters 2023

www.furniturewalk.com www.hammagalleries.com www.hvacbda.com www.iasbda.com www.islandglass.bm

www.bermudalongtailrealestate.com www.crissonrealestate.com www.harbourrealty.bm www.joylusher.com www.kwbermuda.com www.kimsheenproperties.bm www.mainpointrealestate.com

heather@mcinnisandassociates.com www.mcinnisandassociates.com brittany@tpg.bm www.property-group.com sallyann@tpg.bm www.property-group.com

Erna DeGraff

Justin Tavares Karlene Kelly Tim Southern Luis Martins

www.bate.bm

www.hsbc.bm

Real Estate Appraiser MainPoint Real Estate

Bermuda Pest Control Bermuda Waterworks Fast Forward Freight

bpest@northrock.bm purewater@bwl.bm tim@teamfast.bm Luis@teamfast.bm

www.mainpointrealestate.com

www.pestcontrol.bm www.bwl.bm www.teamfast.bm www.teamfast.bm 31

What if you had to rebuild it all?

Let HSBC Insurance protect your home and property Whatever unforeseen damage comes your way, you can safeguard your residence with our Home Buildings Insurance.

As well as covering your home, this policy also includes swimming pools, tennis courts, walls, gates, fences, footpaths, and driveways at your home and more.

Opening up a world of opportunity

Scan to learn more about our Home Buildings Insurance

Terms and Conditions apply. Issued by HSBC Bank Bermuda Limited, of 37 Front Street, Hamilton Bermuda, which is acting solely as an insurance agent of BF&M General Insurance Company Limited and its subsidiary companies (“BF&M”) pursuant to its insurance agent licence issued by the Bermuda Monetary Authority (and not as an insurance agent for the customer) with respect to this/ese insurance product(s). The Bank is not responsible in any way for the underwriting, administration or claims handling of insurance products, and does not accept any responsibility for such matters. HSBC Insurance is the brand name for insurance products offered by HSBC Group members HSBC Bank Bermuda Limited is licensed to conduct Banking and Investment Business by the Bermuda Monetary Authority.