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Real Estate in Consejo, Belize | Digital Nomad Exchange
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Real Estate in Consejo, Belize

By Betsy Burlingame

Last updated on May 11, 2024

Summary: People living in Consejo, Belize offer advice about real estate. How do you find a home in Consejo? Should you buy or rent? What is the cost of housing?

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Cigna Global Health
Cigna Global Health
Cigna Global Health

How do I find a place to live in Consejo?

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

"Finding a place to live in Consejo involves several steps. First, you need to determine your budget and what type of accommodation you are looking for. This could range from a small apartment to a large house, depending on your needs and financial situation. Next, you should research the different neighborhoods in Consejo to find one that suits your lifestyle and preferences. Some areas may be closer to amenities like shops and restaurants, while others may offer more peace and quiet. Once you have a clear idea of what you're looking for, you can start your search. There are several online real estate websites that list properties for rent or sale in Consejo, such as Century 21 Belize, Belize Real Estate MLS, and Property in Belize. These websites allow you to filter your search based on factors like price, location, and property type. In addition to online searches, you may also want to consider hiring a local real estate agent. They can provide valuable insight into the local market, help you negotiate prices, and guide you through the legal process of renting or buying property in Belize. Visiting Consejo in person is also a good idea, if possible. This allows you to view properties firsthand, get a feel for the different neighborhoods, and potentially discover additional housing options that may not be listed online. Finally, once you've found a place you're interested in, make sure to thoroughly inspect the property and understand all the terms of the lease or sale agreement before making a commitment. If you're not familiar with Belize's property laws, it may be worth consulting with a local lawyer to ensure your interests are protected," said one expat in Consejo.

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What is a typical expat home or apartment like in Consejo?

"A typical expat home or apartment in Consejo is often a spacious, modern property with a blend of Belizean and international architectural styles. These homes usually have multiple bedrooms and bathrooms, a large kitchen, and a living area. They are often equipped with modern amenities such as air conditioning, high-speed internet, and cable TV. Many homes also have outdoor spaces like a patio, garden, or even a private pool. The homes are usually located in safe, well-maintained neighborhoods, often in close proximity to the beach, offering stunning sea views. Some expats choose to live in gated communities for added security and convenience. These communities often have shared amenities like a community pool, gym, and social areas. The interiors of the homes are typically well-furnished, with a focus on comfort and functionality. Many expats also choose to incorporate local art and decor to give their homes a unique, Belizean touch," explained one expat living in Consejo, Belize.

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What is the average cost of housing in Consejo?

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

"The average cost of housing in Consejo can vary greatly depending on the type and size of the property. For a modest home, prices can start as low as $100,000 USD. For larger, more luxurious homes or beachfront properties, prices can go up to $500,000 USD or more. Therefore, the average cost of housing in Consejo, Belize can be estimated to be around $300,000 USD. However, it's important to note that these are just averages and actual prices can vary," explained one expat living in Consejo, Belize.

Should I buy or rent a home in Consejo?

If you have not spent a lot of time in Consejo, 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 Consejo depends on several factors. If you plan to stay in Consejo for a long period, buying a home could be a good investment. Owning a home allows you to build equity and could provide a sense of stability and permanence. However, buying a home also comes with responsibilities such as maintenance and repair costs, property taxes, and homeowner's insurance. It also requires a significant upfront cost for the down payment and closing costs. On the other hand, renting a home in Consejo could be a better option if you're not planning to stay long-term or if you prefer flexibility. Renting allows you to move easily if your circumstances change, and it doesn't require a large initial investment. Renting also frees you from the responsibilities of home ownership, as your landlord will typically handle maintenance and repairs. However, you won't build equity by renting, and you may face annual rent increases. In addition, you should consider the real estate market conditions in Consejo. If homes are affordable and the market is stable, it might be a good time to buy. But if prices are high or volatile, renting might be safer. Lastly, consider your personal financial situation. Can you afford the upfront and ongoing costs of home ownership? Do you have a stable income and good credit? If not, renting might be more feasible. In conclusion, the decision to buy or rent a home in Consejo, Belize depends on your long-term plans, the local real estate market, and your personal finances. It's a decision that requires careful consideration and, ideally, advice from a real estate professional," said one expat who made the move to Consejo.

About the Author

Betsy Burlingame 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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