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Real Estate in Paget, Bermuda | Digital Nomad Exchange
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Real Estate in Paget, Bermuda

By Joshua Wood, LPC

Last updated on Sep 14, 2024

Summary: Expats and retirees talk about real estate in Paget, Bermuda? How do you find a home in Paget? Should you buy or rent? What is the cost of housing?

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How do I find a place to live in Paget?

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

"Finding a place to live in Paget involves several steps. First, you need to determine your budget. This will help you narrow down your options and focus on properties that you can afford. Next, you should research the different neighborhoods in Paget. Some areas may be more residential, while others may be closer to amenities like shops, restaurants, and public transportation. Once you have a good idea of where you want to live, you can start looking for available properties. There are several online real estate platforms that list properties for rent or sale in Paget, Bermuda. Websites like propertyskipper.com and emoo.bm are popular options. You can also consider hiring a real estate agent. They can help you navigate the local market, arrange viewings, and negotiate prices. When you find a property you're interested in, make sure to visit it in person. This will give you a better idea of its condition, size, and location. Finally, once you've found a place you like, you'll need to go through the process of signing a lease or purchasing the property. This usually involves providing proof of income, signing a contract, and making a deposit or down payment. Remember, moving to a new place can be a complex process, so it's important to take your time and do your research," remarked one member in Paget.

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

"A typical expat home or apartment in Paget, is often a charming blend of traditional Bermudian architecture and modern amenities. These homes are usually painted in pastel colors, with white limestone roofs to collect rainwater, a necessary feature due to the lack of freshwater sources on the island. The interiors are spacious and airy, with high ceilings and large windows that let in plenty of natural light and offer stunning views of the surrounding landscapes. Many homes have open-plan living areas, modern kitchens equipped with high-end appliances, and comfortable bedrooms with en-suite bathrooms. Some properties also feature home offices, perfect for expats working remotely. Outdoor living is a big part of life in Bermuda, so many homes have large patios or verandas, often with a pool or access to a private beach. Gardens are typically lush and tropical, with palm trees and vibrant flowers, providing a tranquil space for relaxation. Despite the island's small size, many expat homes in Paget are set in quiet, secluded locations, offering plenty of privacy. However, they are also conveniently close to amenities such as shops, restaurants, and healthcare facilities. Most expat homes in Paget come fully furnished, with stylish, high-quality furniture and decor. They often have air conditioning and heating systems to ensure comfort throughout the year. Some properties also offer additional features like a garage, guest cottage, or even a boat dock. In terms of security, many homes are located within gated communities and have alarm systems installed. Overall, a typical expat home in Paget, Bermuda, offers a comfortable, luxurious lifestyle in a beautiful, tropical setting," said one person in Paget.

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Relocating abroad soon? Make your move with AGS! AGS Worldwide Movers is a leader in the international moving industry. Our experience and expertise allows us to guarantee our clients the best quality moving services.

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Relocating abroad soon? Make your move with AGS! AGS Worldwide Movers is a leader in the international moving industry. Our experience and expertise allows us to guarantee our clients the best quality moving services.

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What is the average cost of housing in Paget?

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

"The average cost of housing in Paget can vary greatly depending on the type and size of the property. For a standard family home, prices can range from moderately expensive to very high. Luxury properties, particularly those with ocean views or access, can be extremely costly. It's also worth noting that the cost of living in Bermuda is generally high, which is reflected in the housing market. For a more accurate estimate, it would be best to consult a local real estate agent or property website," said one person in Paget.

Should I buy or rent a home in Paget?

If you have not spent a lot of time in Paget, 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 Paget depends on several factors. If you plan to stay in Paget for a long time, buying a home could be a good investment. Owning a home allows you to build equity over time and could provide a sense of stability and permanence. However, buying a home also comes with responsibilities such as maintenance, repairs, and property taxes. It also requires a significant upfront investment, including a down payment, closing costs, and moving expenses. On the other hand, renting a home in Paget could provide more flexibility. If you're not sure where you'll be in a few years, or if you prefer not to deal with the responsibilities of homeownership, renting might be a better option. Renting can also be more affordable in the short term, as it typically requires a smaller upfront investment. It's also important to consider the real estate market in Paget. If home prices are high and continue to rise, buying a home could be a good investment. But if prices are low or falling, it might be better to rent until the market improves. In conclusion, the decision to buy or rent a home in Paget, Bermuda depends on your financial situation, your long-term plans, and the state of the real estate market. It's a decision that requires careful consideration and, ideally, advice from a real estate professional," said one expat in Paget.

About the Author

Joshua Wood 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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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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