Real Estate in Inverness, Scotland
Last updated on Oct 14, 2024
Summary: Expats and retirees talk about real estate in Inverness, Scotland? How do you find a home in Inverness? Should you buy or rent? What is the cost of housing?
What is a typical expat home or apartment like in Inverness?
"A typical expat home or apartment in Inverness, is often a blend of traditional and modern design. The exterior of the buildings usually reflects the historic architecture of the city, with stone or brick facades and pitched roofs. Inside, the homes are often updated with modern amenities and conveniences. The living room is usually spacious, with large windows that let in plenty of natural light. The kitchen is typically equipped with modern appliances, including a dishwasher, oven, and refrigerator. Some homes may also have a separate dining area. Bedrooms in these homes are often cozy and comfortable, with ample storage space. The bathrooms are usually modern and well-maintained, often featuring a shower and bathtub. Many expat homes in Inverness also come with outdoor space, such as a garden or a small patio. Some apartments may also have balconies with views of the city or the surrounding countryside. In terms of location, expat homes are often situated in convenient areas, close to shops, restaurants, and public transportation. Some may be located in the city center, while others may be in quieter, residential neighborhoods. Overall, a typical expat home in Inverness offers a comfortable and convenient living space, blending the charm of traditional Scottish architecture with the conveniences of modern living," remarked one member in Inverness.
What is the average cost of housing in Inverness?
If you are thinking about moving to Inverness, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Inverness, can vary greatly depending on the type and size of the property. As of recent data, the average price for a property in Inverness is approximately in the mid to high five-figure range in GBP. However, it's important to note that prices can fluctuate and may be higher or lower depending on the specific area within Inverness," remarked one member in Inverness.
Should I buy or rent a home in Inverness?
If you have not spent a lot of time in Inverness, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Inverness, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Inverness for a long period, buying a home could be a good investment. Owning a home allows you to build equity over time and could provide financial stability in the future. However, buying a home also comes with additional costs such as maintenance, insurance, and property taxes. It also requires a significant upfront investment for the down payment and closing costs. Therefore, if you're not ready for these financial commitments, renting might be a better option. Renting a home in Inverness offers more flexibility. It's a good option if you're not sure about your long-term plans or if you prefer not to deal with the responsibilities of homeownership. Renting can also be more affordable in the short term, as it typically requires less upfront money and you won't have to pay for maintenance or property taxes. However, renting doesn't allow you to build equity and your monthly payments could increase over time. You also have less control over your living situation, as you're subject to the rules and decisions of your landlord. In conclusion, both buying and renting a home in Inverness have their pros and cons. It's important to carefully consider your financial situation, lifestyle, and future plans before making a decision," remarked one foreigner who made the move to Inverness.
About the Author
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.
SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More
SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More
Scotland Forum
Talk with other digital nomads and expats in Scotland on our Scotland forum - meet people, get advice and help others.
Contribute
Help others in Scotland by answering questions about the challenges and adventures of living in Scotland.
Digital Nomads in Scotland offer advice about healthcare, hospital visits, emergency rooms visits, finding a doctor and buying health insurance in Scotland.