We have good builders here in Cayo. People who come here to build a house should ask around amongst the expats first. Don’t just believe a Belizean who says he’s a good builder. Everybody in Belize is a good builder.
Builders are cheap here. What’s more expensive is finishing the house because everything’s imported here. I have an American friend who is a contractor who would charge me US $100 a square foot for an American standard house. I have a Belizean friend who’s a builder who would charge me Belize $100 a square foot for a house (US $50 per square foot). The cost depends mainly on the standard of the finish mainly. There will be very little difference in the construction. The main structure will be basically the same whichever builder builds it. The higher price which will be from the materials for the ceiling perhaps and better quality faucets, countertops, woodwork, cabinets, etc.
If you want to build a very, very nice house, the price you’ll be looking at is $120 per square foot. $120 is unusual, but it’s a very nice house. Most expats are living in a house that is already built or they build it themselves.
Most lots in town are about 80 by 100 feet, but they could be smaller or larger; there’s no set size. Outside of town there are much bigger lots – one or two acres, that sort of thing, and the price varies accordingly. The price in town for an 8,000 square foot lot (about a sixth of an acre) is about US $20,000, depending on the location. If you wanted to buy a lot twice that size, it would be less than double that
On the outskirts of town there are new estates all the time, and the land there is much cheaper. (San Ignacio is the fastest growing town in the country.) For example, one or two miles out of town, the price for the same lot would drop to $12,000 to $13,000.
On the outskirts of town, I have a three-acre lot for $54,000 in town on the outskirts.
Most of these lots are hooked up to municipal water or electricity and are ready to go.
(Custom built home in eco village, Cayp District, Belize, pictured.)