You can buy an average little house on one lot in an average neighborhood in Cayo for between US $125,000 to $150,000. For $150,000, you can get a two-bedroom, one-bathroom home with wood frames and wood floors. It would be a finished home between 1,000 and 1,200 square foot. There are some houses that have three bedrooms and two bathrooms priced between $250,000 US and $600,000 US on a 1/4 to 1/2 acre lot.
Another option would be buy an inexpensive prefab Mennonite home and finish it yourself. Mennonites build little wood houses that can be brought on a truck and set up on your lot. You can have it put on wood or concrete posts or on a concrete pad and finish it yourself as you have time and money. However, you do need to exercise some oversight because the quality of the wood they use is not always very good. In their haste to build cheap and quick they might use soft wood that could have dry rot. If they don’t put the studs on 24-inch centers when you put your 4 x 8 sheet of finish material you will have to add studs. In short, what they build is cute little wood houses that you can get into quickly and inexpensively if you can finish it yourself or hire a Belizean to help you.
(Bungalow in Cayo, Belize, pictured.)