Bahamas
Should I buy or rent a home in Bahamas?
If you have not spent a lot of time in Bahamas, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"When we first arrived we purchased a small condo which was rather easy to do. There are a lot of taxes and fess involved and the real estate laws are a little complicated here so it is highly recommended you get a good real estate agent involved and not purchase directly from the seller," remarked another expat who made the move to New Providence, Bahamas.
"Deciding whether to buy or rent a home in the Bahamas depends on a variety of factors. These might include a homebuyer's budgetary constraints, anticipated length of stay, and lifestyle preferences. Buying a home generally involves long-term, hefty investment of time and money, however it can provide a secure base of operations and potential investments benefits. Conversely, renting a home can be a more cost-effective and oftentimes less time-intensive option, making it ideal for those who intend to stay in the Bahamas for a shorter period. Ultimately, which option is best depends on the individual's needs and preferences," explained one expat living in Bahamas.
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Other Questions:
- What do I need to know before retiring in Bahamas?
- How do I meet people in Bahamas?
- What is life like in Bahamas?
- Is there a lot of crime in Bahamas?
- Is there a lot of diversity? Are people in Bahamas accepting of differences?
- What are the schools in Bahamas like?
- Is the cost of living in Bahamas high?
- What advice do you have for expats having a baby in Bahamas?
- What are healthcare services like in Bahamas?
- Is the cost of living in Bahamas high?
- What type of recreational facilities are in Bahamas?
- What is the weather like in Bahamas?
- Are there good restaurants in Bahamas?
- Where will I buy groceries and do other shopping in Bahamas?
- What are the visa & residency requirements in Bahamas?
- Are healthcare and health insurance expensive in Bahamas?
- What do I need to know when buying property in Bahamas?
- Are foreigners allowed to own property in Bahamas?
- What appliances are typically included in a rental?
Should I buy or rent a home in Bahamas?
If you live in Bahamas, newcomers to Bahamas would love to hear your answer to this question.
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.
