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Real Estate in Maraval, Trinidad & Tobago | Digital Nomad Exchange
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Real Estate in Maraval, Trinidad & Tobago

By Joshua Wood, LPC

Last updated on Feb 17, 2024

Summary: Expats and retirees talk about real estate in Maraval, Trinidad & Tobago? How do you find a home in Maraval? Should you buy or rent? What is the cost of housing?

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How do I find a place to live in Maraval?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Finding a place to live in Maraval involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a single room to a full house, depending on your needs and financial capability. Next, you can start your search online. Websites like Property Finder TT, Terra Caribbean, and Trinidad Real Estate have listings for properties in Maraval and other parts of Trinidad & Tobago. These websites allow you to filter your search based on location, property type, price range, and other factors. Social media platforms like Facebook also have groups where people post about available rentals or properties for sale. You can join these groups and keep an eye out for posts about properties in Maraval. Another option is to hire a real estate agent. They have access to multiple listings and can help you find a place that fits your criteria. Make sure to communicate your preferences clearly to your agent so they can find the best match for you. If you're currently in Trinidad & Tobago, you can also drive around Maraval and look for "For Rent" or "For Sale" signs. Some property owners prefer to advertise this way instead of listing online. Once you've found a potential place, arrange a visit to inspect the property. Check the condition of the property, the amenities, and the neighborhood. If you're satisfied, you can then proceed to negotiate the terms and sign the lease or purchase agreement. Remember to always do your due diligence before making any commitments. Check the property's legal documents, ask about any additional fees, and make sure you understand the terms of your agreement," said one expat in Maraval.

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William RussellWilliam Russell

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
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What is a typical expat home or apartment like in Maraval?

"A typical expat home in Maraval, Trinidad and Tobago, is often a spacious, modernly furnished apartment or house located in a secure, gated community. These homes usually have multiple bedrooms and bathrooms, a fully equipped kitchen, and a comfortable living area. Many of these homes also feature outdoor spaces such as a patio or balcony, often with stunning views of the surrounding mountains or the Caribbean Sea. Some homes may also have a private pool or access to a community pool. The homes are usually air-conditioned and come with modern amenities such as high-speed internet, cable TV, and laundry facilities. They are often located close to international schools, supermarkets, restaurants, and other conveniences. The neighborhoods are generally quiet and safe, with a friendly and welcoming community," remarked one foreigner who made the move to Maraval.

William Russell

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.

Learn MoreGet Quote

William Russell

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.

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What is the average cost of housing in Maraval?

If you are thinking about moving to Maraval, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Maraval can vary greatly depending on the type and size of the property. For instance, a luxury home in a prime location can cost several million Trinidad and Tobago dollars, while a modest apartment or townhouse might be priced in the hundreds of thousands. Therefore, it's difficult to provide an exact average cost, but it's safe to say that housing in Maraval tends to be on the higher end due to its desirability and proximity to Port of Spain," explained one person living in Maraval, Trinidad & Tobago.

Should I buy or rent a home in Maraval?

If you have not spent a lot of time in Maraval, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"Deciding whether to buy or rent a home in Maraval, depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in the area for an extended period and have a stable income, buying a home could be a good investment, as it allows you to build equity and potentially benefit from property appreciation. Additionally, owning a home provides a sense of stability and the freedom to make changes to the property as you see fit. On the other hand, if you are unsure about your long-term plans or prefer flexibility, renting might be a better option. Renting a home in Maraval allows you to avoid the upfront costs associated with buying, such as a down payment and closing costs. It also provides the flexibility to move more easily if your circumstances change or if you decide to explore a different neighborhood or country. Furthermore, renting a home means that you are not responsible for property maintenance and repairs, which can be both time-consuming and costly. Ultimately, the decision to buy or rent a home in Maraval, Trinidad & Tobago, should be based on your individual needs, financial situation, and future plans. It is essential to carefully weigh the pros and cons of each option and consider seeking professional advice from a real estate agent or financial advisor to help you make an informed decision," explained one person living in Maraval, Trinidad & Tobago.

About the Author

Joshua Wood Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

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