How to buy an island

As long as the idea of "trophy assets" go, private islands would definitely make it to the top list. Celebrities buy islands all the time because they want their own private, floating land. Innumerable islands around the world are for sale.

If anybody wants to, there are many private islands available in the Bahamas, Mediterranean, Seychelles and Greece that they can buy. Islands can cost anything from one million dollars to 90 million dollars. Some islands even cost less than a house in New York City! And the islands come in all sizes and shapes.

However, there are few steps to go through before you decide to buy an island. They are as follows:

Think hard about your wish

If buying an island is just part of a shopping spree, it is better not to do it. An island is perhaps not one of those properties that can be resold quickly, so think hard and think long before you decide to do it.

After all, during a crisis period, if you need immediate money, an island will probably not come in handy.

Do a background research

Not every island is up for grabs, in fact, if you try to buy one that is not for sale, you might get into legal issues. Islands in many countries are actually off-limits for buyers. 

Therefore, it is important that you do a thorough background research before buying an island.

Create your own space

Although there are islands available with already built houses and other facilities, if your island happens to be barren, you have to customise it. An island is certainly not like a regular piece of land, so it is important to decide first how you are going to live in it.

For example, there should be a well for drinking water and organic sources for food along with a resting space (if your island is too small to host a proper house) for sleeping etc. There should also be a transport for going back and forth the mainland. Food sources is also important.

Be prepared for weather changes

Watch out for cyclones, hurricanes and heavy rain if you are set to become an islander. Sturdy houses or spaces during tough weather will keep you safe.