Should I buy or rent a home in Colombo?
If you have not spent a lot of time in Colombo, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"When deciding whether to buy or rent a home in Colombo, it is important to consider your budget, lifestyle, and long-term plans. Buying a home in Colombo can be a great investment, as property values are likely to appreciate over time. However, it is important to factor in the cost of maintenance and repairs, as well as the cost of a down payment and closing costs. Renting a home in Colombo can be a more affordable option in the short-term, and it can also provide more flexibility if you are not sure how long you will be living in the city. Ultimately, the decision to buy or rent a home in Colombo should be based on your individual needs and preferences," remarked another expat who made the move to Colombo, Sri Lanka.
Other Questions:
- What do I need to know before retiring in Colombo?
- What do I need to know before moving to Colombo?
- How do I find a place to live in Colombo?
- What is a typical expat home or apartment like in Colombo?
- What is the average cost of housing in Colombo?
- How do I meet people in Colombo?
- What should I pack when moving to Colombo?
- Where should I setup a bank account in Colombo?
- Will I be able to find a job in Colombo?
- What is life like in Colombo?
- What do people like (and dislike) about Colombo?
- What type of social life can someone expect in Colombo?
- What is the social scene like in Colombo?
- What advice to expats in Colombo have about housing?
- What are medical services in Colombo like?
- Are healthcare and health insurance expensive in Colombo?
- Is the cost of living in Colombo high?
- What are the visa & residency requirements in Colombo?
- Why do people move to Colombo?
Should I buy or rent a home in Colombo?
If you live in Colombo, newcomers to Colombo would love to hear your answer to this question.
