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Real Estate in Isle of Arran, Scotland | Expat Exchange
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Real Estate in Isle of Arran, Scotland

By Joshua Wood, LPC

Last updated on Jul 03, 2024

Summary: Expats and retirees talk about real estate in Isle of Arran, Scotland? How do you find a home in Isle of Arran? Should you buy or rent? What is the cost of housing?

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How do I find a place to live in Isle of Arran?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Finding a place to live in Isle of Arran involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a small apartment to a large house, depending on your needs and financial situation. Next, you should start researching online. Websites like Rightmove, Zoopla, and OnTheMarket are popular property search sites in the UK. You can filter your search based on location, property type, number of bedrooms, and price range. These websites also provide photos and detailed descriptions of the properties, as well as contact information for the estate agents handling them. In addition to online research, you might also want to consider hiring a local real estate agent. They can provide valuable insight into the local market, help you find properties that fit your criteria, and guide you through the buying or renting process. Visiting the Isle of Arran is also a good idea. This will give you a feel for the different areas and communities on the island, and help you decide where you'd like to live. While there, you can also visit estate agents in person and view properties. Once you've found a property you're interested in, you'll need to submit an application or make an offer. If you're renting, this will likely involve providing references and proof of income. If you're buying, you'll need to secure a mortgage and hire a solicitor to handle the legal aspects of the purchase. Finally, once your offer or application has been accepted, you'll need to arrange for the move. This will involve hiring a moving company, packing up your belongings, and setting up utilities and services at your new home in Isle of Arran," remarked one member in Isle of Arran.

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What is a typical expat home or apartment like in Isle of Arran?

"Expat homes or apartments in the Isle of Arran, are typically traditional Scottish cottages or modern apartments that blend seamlessly with the island's natural beauty. These homes often feature stone or brick exteriors, with interiors that are warm and inviting. The living spaces are usually spacious, with large windows that let in plenty of natural light and offer stunning views of the surrounding landscapes. The homes often have a cozy living room with a fireplace, a necessity for the colder months. The kitchens are typically modern and well-equipped, often featuring wooden cabinets and stone countertops. Bedrooms are comfortable and may have en-suite bathrooms. Some homes may also have a study or home office, which is particularly useful for expats who work remotely. Many expat homes on the Isle of Arran also come with outdoor spaces like gardens or patios, perfect for enjoying the island's mild summers. These outdoor areas often have seating and dining areas, allowing residents to enjoy meals al fresco while taking in the breathtaking views of the sea or the mountains. Despite the rural setting, these homes are usually equipped with modern amenities such as high-speed internet, central heating, and modern appliances, ensuring a comfortable lifestyle. They are often located close to local amenities like shops, restaurants, and schools, making daily life convenient for expats. In terms of decor, many expats choose to incorporate elements of traditional Scottish design into their homes, such as tartan fabrics, rustic furniture, and artwork inspired by the local landscapes. However, the overall style can vary greatly depending on the individual's personal taste, ranging from contemporary minimalism to cozy country chic. Overall, expat homes in the Isle of Arran offer a unique blend of comfort, convenience, and natural beauty, making them an ideal choice for those looking to experience the tranquil lifestyle of this charming Scottish island," said one person in Isle of Arran.

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What is the average cost of housing in Isle of Arran?

If you are thinking about moving to Isle of Arran, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Isle of Arran, can vary greatly depending on the type and location of the property. However, as of recent data, the average price for a property in this area is typically around the mid to high six-figure range in GBP. It's important to note that prices can fluctuate based on market conditions and other factors," said one person in Isle of Arran.

Should I buy or rent a home in Isle of Arran?

If you have not spent a lot of time in Isle of Arran, 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 Isle of Arran, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in the area for a long time, buying a home could be a good investment. Owning a home allows you to build equity over time and could provide financial security in the future. However, buying a home also comes with additional costs such as maintenance, repairs, and property taxes. It also requires a significant upfront investment for the down payment and closing costs. Therefore, if you're not ready for these financial commitments, renting might be a better option. Renting a home in Isle of Arran offers more flexibility. It's a good option if you're not sure about your long-term plans or if you prefer not to deal with the responsibilities of homeownership. Renting can also be more affordable in the short term, as it typically requires a smaller upfront cost than buying. In addition, the housing market can be unpredictable. While property can be a good investment, there's also a risk that the value of your home could decrease over time. In conclusion, both buying and renting have their own advantages and disadvantages. It's important to carefully consider your financial situation, lifestyle, and future plans before making a decision. Consulting with a financial advisor or real estate professional could also be beneficial," remarked one foreigner who made the move to Isle of Arran.

About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat 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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