Colombia
Should I buy or rent a home in Colombia?
If you have not spent a lot of time in Colombia, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"We knew we had come to stay for several years or more. So we rented an unfurnished apartment. Some friends referred us to locals and the process was very easy. We bought a few things new like mattresses, TV and recliners, but all the rest of the furniture was used and we got some bargains. We had to buy lots of accessories, and those cost more than we counted on, but we have them now and they aren't going anywhere. In 3+ years, we have had 5 different homes. We could not have had all our adventures if we had purchased a home," commented one expat who made the move to Medellin, Colombia.
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"We are currently renting, but when I get there permanently next year, we will be buying. We actually were able to sign up for a government plan through a local bank. We make monthly deposits & in a year, they'll offer us our mortgage," remarked another expat in Cali, Colombia.
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Other Questions:
- What should I pack when moving to Colombia?
- Where should I setup a bank account in Colombia?
- Will I be able to find a job in Colombia?
- What is life like in Colombia?
- What do expats in Colombia appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Colombia?
- Is there a lot of diversity? Are people in Colombia accepting of differences?
- What are the schools in Colombia like?
- What are healthcare services like in Colombia?
- What are medical services in Colombia like?
- Are healthcare and health insurance expensive in Colombia?
- What are emergency services like in Colombia?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Colombia?
- How are local medical facilities in Colombia?
- As a foreigner living in Colombia, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
Should I buy or rent a home in Colombia?
If you live in Colombia, newcomers to Colombia 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.
