Tips to Buy Your Own Private Island
Still, buyer-beware scenarios unique to island buying abound. Here are a few tips for would-be Ellisons itching to buy their own island:
1. Try before you buy: Rent the place first. "Get your feet wet and take a look at what it's like," Krolow says. "Very often, you may realize it's not quite right. It might take you six hours to get there, for example."
Note that renting an island in a posh, sun-drenched setting for a week could cost you as much as buying a home in some markets. North Island in the Seychelles, located in the Indian Ocean, goes for $4,000 (approx Rs 2.2 lakh) a night - multiplied by 14 bungalows, for a total of $56,000 (approx Rs 31 lakh) a week. But for that price, you get 120 employees to wait on you hand and foot. Angelina Jolie and Brad Pitt have been among the recent renters, Vladi says.
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