Real Estate in Waterford, Ireland
Last updated on Jun 16, 2024
Summary: People living in Waterford, Ireland offer advice about real estate. How do you find a home in Waterford? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Waterford?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Waterford, involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a single room in a shared house to a full apartment or house. Next, you should start your search online. Websites like Daft.ie, Rent.ie, and MyHome.ie are popular platforms for finding rental properties in Ireland. These sites allow you to filter your search based on location, price range, property type, and number of bedrooms. You can also use social media groups on platforms like Facebook. There are several groups dedicated to housing and rentals in Waterford where landlords and tenants often post listings. Another option is to engage the services of a real estate agent. They can help you find properties within your budget and preferences, and they can also guide you through the process of securing a lease. Once you've found a potential place, arrange a viewing with the landlord or real estate agent. This will give you a chance to inspect the property and ask any questions. If you're satisfied with the property, you'll need to provide references and possibly a deposit to secure the lease. Make sure to read the lease agreement carefully before signing. Finally, once you've signed the lease, you can arrange for the move. Remember to set up utilities like electricity, gas, and internet, and to update your address with any relevant institutions. Remember, finding a place to live can take time, so it's best to start your search well in advance of when you plan to move," said one expat who made the move to Waterford.
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What is a typical expat home or apartment like in Waterford?
"A typical expat home or apartment in Waterford, is often a charming blend of traditional and modern styles. Many homes are semi-detached or terraced houses, with a few detached homes available as well. They usually have two to four bedrooms, a living room, a kitchen, and one or two bathrooms. The living room often features a fireplace, a common element in Irish homes. The kitchen is usually fully equipped with modern appliances. The homes often have a small garden or yard, perfect for those who enjoy outdoor activities. Some apartments, particularly those in the city center, may come with balconies offering views of the city or the nearby River Suir. The interiors are typically well-maintained, with wooden flooring or carpeting, and the walls are often painted in neutral tones. The homes are usually furnished, but unfurnished options are also available for those who prefer to bring or choose their own furniture. In terms of location, many expats choose homes that are within walking distance to shops, restaurants, and schools. Some may prefer to live in quieter, residential neighborhoods, while others may choose to live in the city center for a more vibrant lifestyle. Overall, expat homes in Waterford offer a comfortable living environment, combining Irish charm with modern conveniences," remarked one foreigner who made the move to Waterford.
What is the average cost of housing in Waterford?
If you are thinking about moving to Waterford, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Waterford can vary greatly depending on the type and size of the property. As of recent data, the average price for a residential property in Waterford city is approximately €200,000. However, prices can be lower in rural areas of Waterford County, with averages around €150,000. It's important to note that these are average prices and actual costs can be higher or lower depending on various factors such as location, property condition, and market trends," said one person in Waterford.
Should I buy or rent a home in Waterford?
If you have not spent a lot of time in Waterford, 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 Waterford, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Waterford for a long time, buying a home could be a good investment. Homeownership allows you to build equity over time and could provide financial stability in the future. However, buying a home also comes with significant upfront costs, including a down payment, closing costs, and home inspection fees. You'll also be responsible for ongoing costs like property taxes, home insurance, and maintenance. On the other hand, renting a home in Waterford could be a better option if you're not sure about your long-term plans or if you prefer not to deal with the costs and responsibilities of homeownership. Renting can offer more flexibility, as it's typically easier to move from a rental than to sell a home. Renting can also be more affordable in the short term, as you won't need to come up with a large sum of money for a down payment. However, you won't build equity by renting, and you may face annual rent increases. In conclusion, whether you should buy or rent a home in Waterford, Ireland, depends on your financial situation, long-term plans, and personal preferences. It's important to weigh the pros and cons of each option and consider seeking advice from a financial advisor or real estate professional," explained one expat living in Waterford, Ireland.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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