Real Estate in Exuma, Bahamas
Last updated on Oct 17, 2024
Summary: People living in Exuma, Bahamas offer advice about real estate. How do you find a home in Exuma? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Exuma?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Exuma involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a beachfront villa to a modest apartment. Next, you should research the different areas of Exuma to decide where you'd like to live. The island is divided into several districts, each with its own unique characteristics. Some areas are more residential, while others are closer to tourist attractions or have better access to amenities like shops and restaurants. Once you've narrowed down your preferences, you can start looking for available properties. There are several online real estate platforms that list properties for rent or sale in Exuma, such as Bahamas Realty, Engel & Völkers Bahamas, and H.G. Christie Ltd. These websites allow you to filter your search based on location, property type, price range, and other criteria. You can also consider hiring a local real estate agent to assist you in your search. They can provide valuable insights about the local market, help you negotiate prices, and guide you through the legal process of renting or buying property in the Bahamas. Once you've found a property you're interested in, you should arrange a viewing. This will give you a chance to inspect the property in person and ask any questions you might have. Finally, if you decide to proceed with the property, you'll need to negotiate the terms of the lease or purchase agreement, pay any necessary deposits or fees, and arrange for the transfer of utilities. Remember, moving to a new country can involve additional complexities, such as visa requirements and tax implications. Therefore, it's advisable to seek legal advice before making any commitments," said one person in Exuma.
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What is a typical expat home or apartment like in Exuma?
"A typical expat home or apartment in Exuma, is often a luxurious, beachfront property with stunning views of the crystal-clear waters. These homes are usually spacious, featuring multiple bedrooms and bathrooms, a large living area, and a fully equipped kitchen. They often come with modern amenities such as air conditioning, high-speed internet, and cable TV. Many of these homes also have private pools, outdoor patios, and lush tropical gardens. The interiors are typically designed with a blend of contemporary and traditional Bahamian styles, featuring bright colors, local artwork, and high-quality furnishings. Some homes may also have a private dock for boats. Despite the luxurious features, these homes often blend seamlessly with the natural beauty of Exuma, offering a peaceful and relaxing living environment," said one person in Exuma.
What is the average cost of housing in Exuma?
If you are thinking about moving to Exuma, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Exuma can vary greatly depending on the location and size of the property. For a luxury home or beachfront property, prices can reach well into the millions. However, more modest homes or condos can be found for a few hundred thousand dollars. It's also possible to find vacant land for sale at lower prices, which could be a good option for those looking to build their own home. As with any real estate market, prices can fluctuate based on a variety of factors, so it's always a good idea to research current market conditions or work with a real estate professional when considering a purchase," remarked one member in Exuma.
Should I buy or rent a home in Exuma?
If you have not spent a lot of time in Exuma, 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 Exuma depends on several factors, including your financial situation, long-term plans, and personal preferences. If you plan to stay in Exuma for an extended period and have the financial means, buying a home may be a good investment. Owning a property allows you to build equity, customize your living space, and potentially benefit from the appreciation of property values over time. Additionally, if you purchase a vacation home, you can rent it out when you're not using it, generating rental income. On the other hand, renting a home in Exuma offers more flexibility and fewer responsibilities. Renting allows you to explore different neighborhoods and housing options without the commitment of homeownership. It also frees you from the costs and responsibilities of property maintenance, taxes, and insurance. Renting may be a better option if you're unsure about your long-term plans or if you prefer not to tie up your finances in a property. Ultimately, the choice between buying and renting a home in Exuma, Bahamas, depends on your individual circumstances and preferences. Consider your financial situation, lifestyle, and future plans before making a decision," said one person in Exuma.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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