Real Estate in Warwick, Bermuda
Last updated on Jul 04, 2024
Summary: Expats and retirees talk about real estate in Warwick, Bermuda? How do you find a home in Warwick? Should you buy or rent? What is the cost of housing?
What is a typical expat home or apartment like in Warwick?
"A typical expat home or apartment in Warwick, is often a blend of traditional Bermudian architecture and modern amenities. These homes are usually painted in bright, tropical colors, with white limestone roofs to collect rainwater, a crucial source of freshwater on the island. The interiors are spacious and airy, with high ceilings and large windows to let in the natural light and offer stunning views of the surrounding landscapes. Many homes have open-plan living areas, modern kitchens equipped with high-end appliances, and comfortable bedrooms with en-suite bathrooms. Some properties may also feature a home office, a necessity for many expats working remotely. Outdoor living is a significant part of life in Bermuda, so many homes have large patios or verandas, often with a barbecue area for entertaining. A good number of expat homes in Warwick also come with a private pool and a lush garden filled with local flora. Given the island's warm climate, these outdoor spaces are used year-round. Despite being in a residential area, these homes are usually just a short distance away from the beach, local shops, restaurants, and other amenities. In terms of furnishings, some homes come fully furnished, while others are unfurnished, giving expats the freedom to bring or buy their own furniture. The style of decor can vary widely, from classic and elegant to contemporary and minimalist. Security is typically robust, with many homes equipped with alarm systems and some located within gated communities. Lastly, due to the high cost of living and real estate prices in Bermuda, expat homes in Warwick are often quite expensive, reflecting the island's status as a luxury destination," said one expat in Warwick.
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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
What is the average cost of housing in Warwick?
If you are thinking about moving to Warwick, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Warwick can vary greatly depending on the size and location of the property. However, it is generally quite high due to the island's desirability and limited space. A modest home in Warwick can cost upwards of a million dollars, while luxury properties can be several million dollars. Apartments or condos may be slightly less expensive, but still typically cost several hundred thousand dollars. It's important to note that these prices can fluctuate based on the real estate market," explained one expat living in Warwick, Bermuda.
Should I buy or rent a home in Warwick?
If you have not spent a lot of time in Warwick, 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 Warwick, depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in the area for an extended period and have the financial means, buying a home could be a good investment, as it allows you to build equity and potentially benefit from the appreciation of property values. Additionally, owning a home provides stability and the freedom to make changes to the property as you see fit. On the other hand, if you are unsure about your long-term plans or prefer flexibility, renting may be a better option. Renting a home in Warwick, Bermuda, allows you to avoid the upfront costs and long-term commitment associated with buying a property. It also provides the opportunity to explore different neighborhoods and housing options before making a more permanent decision. Furthermore, renting can be more cost-effective in the short term, as you won't be responsible for property taxes, maintenance, and other expenses associated with homeownership. Ultimately, the choice between buying and renting a home in Warwick, Bermuda, should be based on your individual needs, preferences, and financial situation. It's essential to carefully weigh the pros and cons of each option and consider consulting with a real estate professional to help guide your decision," said one expat in Warwick.
About the Author
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.