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Real Estate in Devonshire, Bermuda | Expat Exchange
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Real Estate in Devonshire, Bermuda

By Joshua Wood, LPC

Last updated on Jul 07, 2023

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

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How do I find a place to live in Devonshire?

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

"Finding a place to live in Devonshire involves several steps. Firstly, you need to determine your budget. This will help you narrow down your options and make your search more efficient. Next, you should decide on the type of accommodation you want. This could be a house, an apartment, a condo, or even a shared accommodation. Once you have these details sorted out, you can start your search. There are several online platforms where you can look for available properties in Devonshire, Bermuda. Websites like Propertyskipper, Bermuda Property Link, and Coldwell Banker Bermuda Realty are good places to start. You can also consider hiring a real estate agent. They have extensive knowledge of the local market and can help you find a place that fits your needs and budget. When you find a property you're interested in, arrange a viewing. This will give you a chance to inspect the property and the surrounding area. If you're satisfied with the property, you can then proceed to negotiate the terms and conditions of the lease or purchase. Finally, once everything is agreed upon, you can sign the contract and make the necessary payments. Remember, it's important to read the contract carefully and understand all the terms before signing. If you're unsure about anything, don't hesitate to ask for clarification. Also, keep in mind that living in Bermuda can be quite expensive compared to other places, so make sure you're financially prepared. Lastly, if you're moving from another country, you'll need to check the immigration requirements and ensure you have the necessary visas or permits," said one expat who made the move to Devonshire.

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The TEFL Institute of IrelandThe TEFL Institute of Ireland

The TEFL Institute of Ireland operates under European standards of education, which are renowned and respected worldwide. Once you complete the course, you will receive a globally recognised certificate, which is a passport to teaching English worldwide and online. Teach English Online In Less Than 3 Weeks - Ditch the 9-5 job and start living life on your terms by teaching English online. Whether you want to travel the world or crave the flexibility of working from home, teaching online gives you the freedom you need.
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What is a typical expat home or apartment like in Devonshire?

"Expat homes in Devonshire, are typically spacious and beautifully designed, reflecting the island's unique architectural style. They often feature bright, airy rooms with high ceilings and large windows to take advantage of the natural light and stunning views. Many homes have open floor plans, blending indoor and outdoor living spaces seamlessly. The homes are often surrounded by lush, tropical gardens, providing a sense of privacy and tranquility. Some homes may also have a private pool or access to a shared community pool. The interiors are usually furnished with modern amenities and high-end appliances, ensuring a comfortable lifestyle. Many expat apartments in Devonshire are located in secure complexes or gated communities, offering additional amenities such as fitness centers, tennis courts, and communal gardens. These apartments often come with balconies or terraces, providing residents with their own outdoor space to enjoy the island's beautiful weather and views. Despite being modern and luxurious, these homes and apartments often incorporate traditional Bermudian elements, such as pastel-colored exteriors, white stepped roofs for rainwater collection, and shutters to protect against the occasional storm. The location of these homes and apartments is also a key feature, with many situated close to the beach, local shops, restaurants, and other amenities. This allows expats to fully immerse themselves in the Bermudian lifestyle, enjoying the island's natural beauty and vibrant culture right on their doorstep," remarked one foreigner who made the move to Devonshire.

The TEFL Institute of Ireland

The TEFL Institute of Ireland operates under European standards of education, which are renowned and respected worldwide. Once you complete the course, you will receive a globally recognised certificate, which is a passport to teaching English worldwide and online. Teach English Online In Less Than 3 Weeks - Ditch the 9-5 job and start living life on your terms by teaching English online. Whether you want to travel the world or crave the flexibility of working from home, teaching online gives you the freedom you need.

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The TEFL Institute of Ireland

The TEFL Institute of Ireland operates under European standards of education, which are renowned and respected worldwide. Once you complete the course, you will receive a globally recognised certificate, which is a passport to teaching English worldwide and online. Teach English Online In Less Than 3 Weeks - Ditch the 9-5 job and start living life on your terms by teaching English online. Whether you want to travel the world or crave the flexibility of working from home, teaching online gives you the freedom you need.

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What is the average cost of housing in Devonshire?

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

"The average cost of housing in Devonshire 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. For a modest home, one might expect to pay in the high six figures, while luxury properties can easily reach into the millions. It's also worth noting that prices have been steadily increasing over the years, making Devonshire a potentially good investment for those who can afford it," remarked one foreigner who made the move to Devonshire.

Should I buy or rent a home in Devonshire?

If you have not spent a lot of time in Devonshire, 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 Devonshire depends on several factors. If you plan to stay in Devonshire for a long period, buying a home could be a good investment. Owning a property allows you to build equity over time and could provide a sense of stability and permanence. However, buying a home also comes with significant upfront costs, including a down payment, closing costs, and home inspection fees. You'll also be responsible for ongoing costs like property taxes, homeowners insurance, and maintenance expenses. If you're not prepared for these costs, or if you value flexibility and don't want to be tied down to a specific location, renting might be a better option. Renting a home in Devonshire can offer more flexibility, especially if you're not sure how long you'll be staying. It's also a good option if you prefer to avoid the responsibilities and costs of homeownership. When you rent, your landlord is typically responsible for maintenance and repairs. Plus, renting can allow you to live in a home or neighborhood that might be too expensive to buy into. However, renting doesn't allow you to build equity, and rent prices can increase over time. You also have less control over your living space when you rent, as you'll need your landlord's permission to make changes to the property. In conclusion, the decision to buy or rent a home in Devonshire, Bermuda depends on your financial situation, your long-term plans, and your personal preferences. It's important to weigh the pros and cons of each option before making a decision," remarked one foreigner who made the move to Devonshire.

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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