Construction
Construction
the Land Development Control . The Authority must inspect the warehouse upon completion of construction . The final inspection to obtain the Certificate of Occupancy shall not be issued ‘ until the necessary Certificates of Approval in respect of electrical works have been issued by the Electrical Inspector ’. This takes14 days at a cost of EC $ 170.00 .
4 Obtain Certificate of Occupancy from the Land Development Control Authority ( LDCA ) According to the Grenada Building Code , a new building ‘ shall not be occupied or a change made in occupancy or the nature of the use of a building or part of a building changed until after the Authority has issued a Certificate of Occupancy ’. This takes 7 days at a cost of EC $ 5.00 .
5 Receive temporary electricity connection . This should take 1 day at no charge .
6 Obtain Electricity Inspection Certificate . This takes 7 days at no charge .
7 Receive permanent electricity connection 35 days EC $ 150.00 .
8 Obtain Water and Sewage Connection . In St . George ’ s , most buildings connect to the sewerage system . Outside of St . George ’ s , septic tanks are used . This should take 7 days at a cost of EC $ 120.00 .
9 Obtain Fixed Telephone Line Takes 7 days at a cost of EC $ 250.00 .
REGISTERING PROPERTY IN GRENADA STANDARDIZE PROPERTY VALUE : 221,000.00 CITY : St . George ’ s
STEPS , TIME , AND COST INVOLVED IN REGISTERING PROPERTY IN GRENADA 1 Lawyer prepares title deed , which should take 5 days ( simultaneous with procedures 2 , 3 , and 4 ) at a cost of 1 – 2 % property value . The purchaser ’ s lawyer prepares the title deed and ensures that all rates and taxes are paid by the vendor . Water rates are paid to the National Water and Sewerage Authority , and
82 property tax and property transfer tax are paid by the vendor to the Department of Inland Revenue , Ministry of Finance . The purchaser pays lawyer ’ s fees at this point . 2 Title search at the Deeds & Land Registry 5 days ( simultaneous with procedures 1 , 3 , and 4 ) at a cost of EC $ 200.00 The lawyer conducts searches on the vendor ’ s title deed for the last 10 years , in addition to previous owners , going back as far as 60 years . The lawyer also searches the wills under the previous owner and any judgments against the property for the last 12 years . 3 Obtain tax clearance from Inland Revenue 1-2 days ( simultaneous with procedures 1 , 2 , and 4 ) no cost . 4 Obtain clearance from National Water and Sewage Authority up to 14 days ( simultaneous with procedures 1 , 2 , and 3 ) no cost . The lawyer sends a written request to the National Water and Sewage Authority in order to obtain clearance that all water rates and taxes have been paid . It can take about 2 weeks in order to receive clearance from the National Water and Sewage Authority . 5 Payment of transfer fee at Inland Revenue 1 day 5 % ( property value minus $ 20000 , exempted ). 6 Execution of the deed at the lawyer ’ s office 1 day ( lawyer ’ s fees paid in procedure 1 ) The deed is executed in the presence of the lawyer and the cheque is exchanged for the deed . All previous deeds relating to the land , all papers ( including insurance policy ), and all keys are delivered to the purchaser . 7 Payment of Stamp Duty at the Deeds & Land Registry 1 day at1 % of property value . 8 Registration of the deed in the Deeds & Land Registry 60 days EC $ 5 ( registration fee ).
THE DEED IS COLLECTED BY THE PURCHASERíS LAWYER AFTER REGISTRATION AND PROCESSING . DOCUMENTATION REQUIRED : Original deed New deed ( with stamps from procedure 7 ) - Proof of payment of all taxes and rates relating
www . businessgrenada . com to the property - History of title
National Average Construction Costs Listed below are the national average costs for single and two storey homes built on single sites by individual clients , on straight forward foundations , including fixtures and fittings appropriate to the size of the property .
FROM $ 80.00 TO $ 90.00 PER SQ FT . ALL COSTS STATED IN US $
• Basic roofing using zinc galvanized sheeting .
• Built by a reputable small builder working from home following an invitation to tender .
FROM $ 90.00 TO $ 105.00 PER SQ FT .
• Standard roofing using bitumen shingles or pre-coated metal roofing .
• Built by an established small builder working from his office ( usually himself a tradesman ), following an informal approach . Contracts should be established by exchange of letters .
FROM $ 105.00 TO $ 125.00 PER SQ FT .
• Using quality metal roofing , concrete or clay roofing tiles .
• Built by a professional builder , using subcontractors on a direct labour basis following a formal invitation to tender .
FACTORS THAT WILL REDUCE COSTS
• Use of inexpensive roof covering v Cost effective wall materials
• Truss rafters roof with spans of between 24 and 28 inches v Care taken that any special design features are arranged in the most economical way
• Building on a level site
• Building using strip or pad foundations and level floors
FACTORS THAT WIL INCREASE COSTS
• Usually expensive fixtures and fittings
• Roofing materials other than galvanised sheeting
• Natural stone or hand made brick walling
• Building other than on level sites
• Complex designs which increase the area of external walls and complex roof shapes
• Special foundation arrangements .
• Inbuilt concrete water storage tanks
• Deviating from the plan can often have a negative and pricey knock on effect on cost of labour and re-planning .
BG