Real Estate in Kampot, Cambodia
Last updated on Aug 07, 2024
Summary: Expats and retirees talk about real estate in Kampot, Cambodia? How do you find a home in Kampot? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Kampot?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Kampot involves several steps. First, you need to decide on the type of accommodation you want. This could range from a simple room in a guesthouse, a serviced apartment, or a private house. Next, you should research online. Websites like Airbnb, Booking.com, and Agoda can provide a wide range of options for short-term stays. For longer-term rentals, websites like Khmer24 and IPS Cambodia can be useful. Social media can also be a great resource. There are several Facebook groups such as "Expats in Kampot" or "Kampot Noticeboard" where people often post about available rentals. Another option is to hire a local real estate agent. They can help you navigate the local market, negotiate prices, and handle paperwork. Once you've found some potential options, you should visit the places in person. This will give you a chance to check the condition of the property, the neighborhood, and proximity to amenities like shops, restaurants, and transportation. When you've decided on a place, you'll need to negotiate the terms of the lease, including the rent, deposit, and any other conditions. Make sure to get everything in writing. Finally, before moving in, it's a good idea to take photos of the property to document its condition. This can help avoid any disputes when you move out. Remember, finding a place to live in a foreign country can take time and patience, so it's a good idea to start your search well before you plan to move," remarked one foreigner who made the move to Kampot.
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What is a typical expat home or apartment like in Kampot?
"A typical expat home or apartment in Kampot, is often a blend of traditional Khmer architecture and modern Western conveniences. These homes are usually spacious, with open floor plans and high ceilings to help with the tropical heat. They often have large windows and balconies to allow for natural light and air circulation. The living areas are usually furnished with comfortable sofas and chairs, a dining table, and a television. The kitchen is typically equipped with modern appliances, including a refrigerator, stove, and sometimes a dishwasher. Bedrooms are usually air-conditioned and come with a bed, wardrobe, and sometimes an en-suite bathroom. Many expat homes also have a garden or a yard, providing a space for outdoor activities. Some even have a swimming pool. The homes are often located in safe, quiet neighborhoods, close to local markets, restaurants, and other amenities," explained one expat living in Kampot, Cambodia.
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What is the average cost of housing in Kampot?
If you are thinking about moving to Kampot, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Kampot can vary greatly depending on the type and location of the property. For a one-bedroom apartment in the city center, the monthly rent can be quite affordable. However, for larger properties or those located in more desirable areas, the cost can be significantly higher. It's also possible to purchase property in Kampot, with prices again varying widely based on factors such as size, location, and the condition of the property. Overall, compared to many Western countries, the cost of housing in Kampot is generally considered to be relatively low," explained one person living in Kampot, Cambodia.
Should I buy or rent a home in Kampot?
If you have not spent a lot of time in Kampot, 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 Kampot, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Kampot for a long time, buying a home could be a good investment. Owning a property allows you to build equity and provides a sense of stability and permanence. However, buying a home also comes with significant upfront costs, including the down payment and closing costs. You'll also be responsible for ongoing costs like property taxes, maintenance, and repairs. If you're not ready for these financial commitments, or if you're unsure about your long-term plans, renting might be a better option. Renting a home in Kampot offers more flexibility. It's a good option if you're planning to stay for a short period or if you're still exploring different areas in Cambodia where you might want to settle. Renting doesn't require a large upfront investment, and you won't be responsible for maintenance or repair costs. However, renting doesn't allow you to build equity, and you might face rent increases over time. You'll also have less control over your living space, as you'll need the landlord's permission to make changes to the property. In conclusion, both buying and renting a home in Kampot have their pros and cons. It's important to carefully consider your financial situation, lifestyle, and long-term plans before making a decision," said one person in Kampot.
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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