You've probably had at least one dream where you own a home in the Caribbean. No doubt, you woke up with a hint of longing, knowing that it probably isn't in the cards. Think about it, though: Do you really want to be paying for the cost of ownership of an island villa year-round? Luckily there's an easy option that lets you relive that dream without having to pay bills throughout the year, and that solution is in rentals.
A Caribbean villa rental may be more accessible than you think
Depending on the size of your group, renting a villa can be a surprisingly affordable option. More often than not, the cost per night does not automatically grow with the number of people staying in the villa, so the more people you have, the less it costs per person. Thus, this makes the Caribbean villa an especially great option for families or reunion among friends.
Beyond that, Caribbean villas help you save costs elsewhere. At a hotel, you're likely going to be eating every meal at a restaurant, even if its within your resort (think of those expensive breakfast buffets and chef-prepared dinners). While eating out is certainly a luxury that can make its way into the best Caribbean vacations, there will likely be nights where you just want to prepare dinner at home or mornings where you just want to have a bowl of cereal before setting out. By booking a villa with a kitchen, you're likely to save more in day-to-day costs.
Choosing the right island
There are certainly some Caribbean islands where villa rentals are significantly more expensive than others. If you've already begun your research, you can probably imagine which these are, as their vendors tend to charge an arm and a leg for everything: rental cars, food, drinks, etc. And why not? They are well known places, and they get a lot more demand than they have supply. And when that happens, prices rise.
On the other hand, there are lesser known islands such as Roatan with lower levels of demand and equal levels of supply (Roatan is a relatively large island at 33 miles long). Accordingly, you can save as much as 50 percent renting a Caribbean villa on Roatan for an equivalent product—same weather, same water, same services and amenities.
Vacations are meant to be enjoyed. Their role is to help us relax and decompress. Relative to crowded resorts or hotels, renting your own private home is the clear way to achieve these goals. So, before you take your next vacation, look into a villa rental and see what's available at what rate. You will be pleasantly surprised.