Real Estate in Sandys, Bermuda
Last updated on Oct 02, 2024
Summary: Expats and retirees talk about real estate in Sandys, Bermuda? How do you find a home in Sandys? Should you buy or rent? What is the cost of housing?
What is a typical expat home or apartment like in Sandys?
"A typical expat home in Sandys, is often a charming, detached house or a part of a multi-unit complex. These homes usually feature a blend of traditional Bermudian architecture and modern amenities. They are often painted in bright, tropical colors, with white limestone roofs to collect rainwater, a primary source of freshwater on the island. Inside, the homes are spacious and airy, with high ceilings and large windows to let in the natural light and offer stunning views of the surrounding landscapes. The living areas are typically open-plan, with a seamless flow between the kitchen, dining, and living room areas. The kitchens are usually modern and well-equipped, while the bedrooms and bathrooms are comfortable and stylishly furnished. Outdoor living is a big part of life in Bermuda, so many homes come with a private garden or a patio area. Some may even have a swimming pool or direct access to a beach. Despite being in a relatively remote location, these homes are usually not far from local amenities, with shops, restaurants, and schools within easy reach. In terms of safety, many expat homes in Sandys come with security features like gated entrances and alarm systems. The community is generally safe and welcoming, with a laid-back island lifestyle that many expats find appealing," explained one person living in Sandys, Bermuda.
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We are a U.S. tax firm specializing in taxes for Americans living abroad. We offer expert guidance on navigating the complexities of filing overseas income, foreign asset reporting, and ensuring compliance with both U.S. and international tax regulations. Universal Tax Professionals is a team of experienced experts well-versed in the latest tax laws, including the nuances that apply to expatriates.
Click connect to have our partner contact you via e-mail and/or phone.
What is the average cost of housing in Sandys?
If you are thinking about moving to Sandys, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Sandys can vary greatly depending on the type, size, and location of the property. However, it is generally considered to be quite high, with many homes and apartments costing well into the millions. For a more modest home or apartment, one might expect to pay several hundred thousand dollars. It's also worth noting that the cost of living in Bermuda is generally high, which can further impact housing costs," said one expat in Sandys.
Should I buy or rent a home in Sandys?
If you have not spent a lot of time in Sandys, 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 Sandys depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in the area for an extended period, have a stable income, and can afford the upfront costs associated with purchasing a home, buying may be a good investment. Owning a home in Sandys can provide you with a sense of stability, the opportunity to build equity, and potential tax benefits. On the other hand, if you are unsure about your long-term plans, have a limited budget, or prefer the flexibility of not being tied down to a specific location, renting may be a better option. Renting a home in Sandys allows you to avoid the responsibilities of homeownership, such as maintenance and property taxes, and can provide you with more freedom to move if your circumstances change. Ultimately, the choice between buying and renting a home in Sandys, Bermuda 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 before making a decision," said one expat who made the move to Sandys.
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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