Is there a time span or structure for payment i.e. a payment schedule stating how much deposit and x payment over y months etc?
For cash payments the schedule is a 1/3 down, 1/3 at 50% completion and 1/3 on completion.
What is the difference between beach front and Lake Front?
Beach front is the continuation from the already existing Splashmin’s beach. Lake front represents the man made lake which would not comprise of a beach area.
What is the situation with dogs (as pets or for protection)?
Community Guidelines cover this. Dogs and cats are allowed. Farm animals are NOT.
When will site security, infrastructure and services be in place (24-hour electric, water, sewerage, refuse collection etc)?
Security and other infrastructure are in place. Other amenities such as the 24 hour on-site clinic and grocery store are expected to come on stream as the community progresses.
Can the maintenance fees be broken down in to the various costs/ expenses?
Maintenance fees cover the following: security, water, sewage & garbage collection, lawn maintenance, electronic monitoring of grounds, lighting & maintenance for common grounds. Maintenance fee is set at US $75 until other amenities are available.
Are the houses being built in clusters or individually?
Villas are built individually upon request. In this first phase, there will be 29 customized villas.
Will visitors to Splashmins Fun Park have easy access to Madewini Villas Resort Community?
No. There is 24 hour manned security inclusive of a checkpoint on the road from Splashmins to Madewini and a second manned security checkpoint on the beach walkway. Residents of the Community will have free access to Splashmins Resort. To be admitted to the Madewini Villas one of three conditions has to be met.
- A person has to be a resident.
- A resident must be contacted and verify that the person at the gate is authorized to enter.
- A resident can inform security (must be updated daily) that they are expecting visitors.
What is the price for a 2 or 3 bedroom house?
Pricing is set per sq. ft. The building cost for the villas is USD $60 per sq. ft. Our website will have a complete list of the lot numbers and prices as well as the basic house plans and sizes.
Can a buyer, after paying a deposit, require slight modifications be done to their house?
Yes. Modifications can be made to the interior of your villa. All villas can be customized to suit your requirements. The cost for changes made to the original building plan will be borne by the client. All changes must be confirmed before construction has commenced.
Can swimmers visiting Splashmins swim into the lake area in front of the houses?
No. As I mentioned before, there is a security hut on the walkway between Splashmins and Madewini Villas. Also, the area designated for swimming at Splashmins is more than a 100 yards away from the beginning of the beach at Madewini Villas Resort Community.
What are the exact procedures for buying a house?
Firstly, the potential buyer would choose a lot and villa design from the choices we have. Secondly, this lot and villa will be secured with a 1/3 down payment of the total cost. Finally, a contract will be signed.
Would I be able to just come and spend time at my home for a weekend or a week?
Yes, after purchasing the property, how much time you spend there is entirely up to you. However, you will still need to conform to all other rules governing the Madewini Villas Resort Community. Sub-letting is not allowed.
Is the site available for viewing presently?
Yes, the site is available for viewing, in fact, we have already started presentations/tours on a weekly basis for interested persons and this has proven to be very successful. Tours are held on Saturdays and Sundays between 9-11 am with free transportation from Georgetown leaving at 8 am.
The exact location of the development ‘behind Splashmins is not clear, even with the Google Earth place mark -. It would be very helpful (especially for people like me a great distance from home) if one was able to see the subdivision layout within Google
If you continue on the entrance road through Splashmins you would pass the cricket field and hotel. We are immediately after the hotel.
Are there any restrictions on what house plans could be used for certain lots?
No, although you will find that certain villas will be more natural “fits” for certain lots.
Will potential increases on the monthly maintenance fees (to be reviewed every 6 months) fall within certain limits or they are not constrained at all? Who decides?
Our projections show that our current fees should be adequate. We reserve the right to increase fees if costs justify that increase. Our Community Governing Board will be able to review all costs incurred by the community. They will liaison with management on this and any other community issues.
Are roads, water and electricity already available/ developed? If not when?
Yes. All of these facilities are already in place since we are just adding to the infrastructure already available at the Splashmins Resort. Water will be available at no additional cost, however, each resident will be responsible for payment for their electricity consumption.
How soon after an agreement to purchase is made will the house be ready to move in?
Construction will begin at least 1 week after an initial deposit is taken and our target completion schedule is 4 months.
What are the terms and conditions of the lease?
Madewini Villas has received a 99 years residential lease. It is transferable and renewable.
What about Taxes?
We are a Tax Friendly Community. Members of the Diaspora are not required to pay income tax on any financial earnings. Therefore, pensions, gratuities and any other form of income generated from the USA, Canada, UK, etc. will not be subjected to tax in Guyana. There are dual taxation treaties existing between Guyana, the USA, Canada and the United Kingdom.
Is Bank Financing available?
Bank Financing is available at Republic Bank Limited and the Guyana Bank for Trade and Industry Ltd (GBTI).
What system(s) are in place for security within the community?
At Madewini Villas, there will be 24/7 manned security as well as electronic monitoring in place. Residents may also include home security systems if necessary.
JE FAQ 1.1 - Developed by J-Extension
