Real Estate in Flatts Village, Bermuda
Last updated on Apr 10, 2024
Summary: Expats and retirees talk about real estate in Flatts Village, Bermuda? How do you find a home in Flatts Village? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Flatts Village?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Flatts Village involves several steps. First, you need to determine your budget. This will help you narrow down your options and make your search more efficient. Next, you should research the area. Flatts Village is a small, picturesque community in Bermuda, so it's important to understand the local amenities, transportation, and lifestyle. Once you have a good understanding of the area, you can start your property search. There are several online real estate platforms that list properties for rent or sale in Bermuda, such as Propertyskipper and Bermuda Property Link. You can filter your search based on your preferences, such as the number of bedrooms, property type, and price range. In addition to online platforms, you can also contact local real estate agents. They have extensive knowledge of the local market and can help you find a property that fits your needs and budget. When you find a property you're interested in, arrange a viewing. This will give you a chance to see the property in person and ask any questions you may have. Finally, once you've found a property you like, you can make an offer or apply to rent. Be prepared to provide references and proof of income. Remember, the process of finding a place to live can take time, so it's important to be patient and thorough in your search," said one expat who made the move to Flatts Village.
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What is a typical expat home or apartment like in Flatts Village?
"A typical expat home in Flatts Village, is often a charming, colonial-style house with a pastel-colored exterior, reflecting the island's British influence. These homes usually have spacious living areas and multiple bedrooms, making them ideal for families. They often feature large, modern kitchens and bathrooms, with high-end appliances and fixtures. Many homes in Flatts Village also have outdoor spaces, such as patios or gardens, where residents can enjoy the island's beautiful weather. Some homes even have private docks, providing direct access to the water. For those living in apartments, they can expect similar amenities, albeit in a smaller space. These apartments often come with shared facilities like swimming pools and fitness centers. Regardless of whether one chooses a house or an apartment, most expat homes in Flatts Village offer stunning views of the surrounding natural beauty, be it the ocean, the nearby hills, or the lush, tropical vegetation," remarked one foreigner who made the move to Flatts Village.
What is the average cost of housing in Flatts Village?
If you are thinking about moving to Flatts Village, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Flatts Village can vary greatly depending on the size and location of the property. However, it is generally quite high due to the desirability of the area. For a standard family home, prices can often range into the millions. Luxury properties with ocean views can command even higher prices. It's important to note that these are average prices and actual costs can vary," said one person in Flatts Village.
Should I buy or rent a home in Flatts Village?
If you have not spent a lot of time in Flatts Village, 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 Flatts Village depends on several factors. If you plan to stay in Bermuda for a long time, 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 home insurance. It also requires a significant upfront cost for the down payment. On the other hand, renting a home in Flatts Village could be a better option if you're not planning to stay long-term. Renting offers more flexibility, as you can move without the hassle of selling a house. It also doesn't require a large initial investment, and the landlord is typically responsible for maintenance and repairs. Additionally, the real estate market in Bermuda is quite expensive, and the cost of buying a home may be prohibitive for many people. Renting can be a more affordable option, especially in the short term. In conclusion, the decision to buy or rent a home in Flatts Village, Bermuda should be based on your financial situation, long-term plans, and personal preferences. It's recommended to consult with a real estate professional or financial advisor to help make the best decision for your circumstances," remarked one foreigner who made the move to Flatts Village.
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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