Real Estate in Southampton, Bermuda
Last updated on Apr 04, 2024
Summary: Expats and retirees talk about real estate in Southampton, Bermuda? How do you find a home in Southampton? Should you buy or rent? What is the cost of housing?
What is a typical expat home or apartment like in Southampton?
"A typical expat home or apartment in Southampton is often a blend of traditional Bermudian architecture and modern amenities. The exterior of the homes usually feature pastel-colored walls and white, stepped roofs designed to collect rainwater. Inside, the homes are spacious and airy, with high ceilings and large windows that let in plenty of natural light. The living areas often have open floor plans, with a seamless flow between the kitchen, dining, and living room areas. The bedrooms are typically large, with ample storage space. Many homes also have a home office, reflecting the increasing trend of remote work. The bathrooms often feature modern fixtures and fittings, with some homes having en-suite bathrooms for the master bedroom. The kitchen is usually equipped with modern appliances, including a dishwasher, refrigerator, and oven. Some homes also have a separate laundry room with a washer and dryer. Outdoor living is a significant part of life in Bermuda, so many homes have a patio or deck, often with stunning views of the ocean. Some homes also have a private pool or access to a communal pool. Despite being in a tropical paradise, these homes are also equipped with modern conveniences such as air conditioning, high-speed internet, and cable TV. Many expat homes are located within gated communities, providing an extra layer of security. In terms of location, many expat homes in Southampton are close to amenities such as grocery stores, restaurants, and schools. They are also often located near the beach, providing easy access to water sports and other outdoor activities. Overall, a typical expat home in Southampton, Bermuda offers a comfortable and luxurious living experience, combining the charm of Bermudian architecture with the conveniences of modern living," remarked one member in Southampton.
What is the average cost of housing in Southampton?
If you are thinking about moving to Southampton, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Southampton can vary greatly depending on the type, size, and location of the property. However, it is generally considered to be quite high, with many properties costing several million dollars. Luxury homes and beachfront properties can be particularly expensive. It's also worth noting that the cost of living in Bermuda is one of the highest in the world, which is reflected in the housing prices," explained one person living in Southampton, Bermuda.
Should I buy or rent a home in Southampton?
If you have not spent a lot of time in Southampton, 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 Southampton, 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 the financial means, buying a home could be a good investment, as it allows you to build equity and potentially benefit from the appreciation of property values. Additionally, owning a home provides 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 not to commit to a large financial investment, renting may be a more suitable option. Renting a home in Southampton offers flexibility, as you can easily move if your circumstances change or if you find a more suitable property. Renting also allows you to avoid the responsibilities and costs associated with homeownership, such as maintenance, repairs, and property taxes. Ultimately, the choice between buying and renting a home in Southampton, Bermuda, will depend on your individual needs, preferences, and financial situation. It is essential to carefully consider your options and consult with a real estate professional to make the best decision for your circumstances," explained one person living in Southampton, Bermuda.
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.
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