Buying or selling a home involves a lot of things, it also raises questions. In this column ‘Ask Bob’, real estate expert/broker Bob Bartikoski of RE/MAX Paradise Homes Bonaire answers a real estate question from a reader. This time:
Question: Do you have any more information about the new “Housing Ordinance” that’s being proposed by the government?
At the moment, this ordinance is still “in process”. After the initial rules was proposed, the government encountered significant push-back from numerous stakeholder including the real estate brokers, contractors, developers and even local home buyers.
In response to their feedback the government has conducted a series of meetings with various stakeholders to get their feedback, with the goal of developing an ordinance that ideally improves affordable housing options for island residents, while also minimizing the potential disruptions to the local economy.
Providing affordable housing is a complicated problem that involves not only the stakeholders above, but also requires banks, insurance companies and builder to work together to find alternatives to increase affordable housing on Bonaire. That said, the rule is still being finalized, and I expect it to be revised based on the stakeholder inputs. Stay tuned and we will update you when we know more.
Do you want to buy or sell a house in Bonaire, or do have a real estate question for Bob? email him at: [email protected]. Call for free from the US: 1-866-611-7362 or Bonaire: +599-717-7362. See all our listings here.