Real Estate in Old Road, Antigua & Barbuda
Last updated on Sep 01, 2024
Summary: Expats and retirees talk about real estate in Old Road, Antigua & Barbuda? How do you find a home in Old Road? Should you buy or rent? What is the cost of housing?
What is a typical expat home or apartment like in Old Road?
"Expat homes in Old Road, Antigua and Barbuda, are typically spacious and well-appointed, often featuring a blend of modern and traditional Caribbean architecture. They are usually designed to take advantage of the tropical climate, with large windows and doors for natural light and ventilation, and outdoor living spaces such as patios or verandas. Many homes have stunning views of the ocean or the lush surrounding landscape. Inside, the homes are comfortably furnished, often with high ceilings, open floor plans, and modern amenities such as air conditioning, high-speed internet, and fully equipped kitchens. Some homes may also have private pools, landscaped gardens, or access to community amenities such as tennis courts or golf courses. Despite being in a relatively quiet and secluded area, these homes are usually within a short drive of local shops, restaurants, and other conveniences," said one expat in Old Road.
What is the average cost of housing in Old Road?
If you are thinking about moving to Old Road, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Old Road can vary greatly depending on the type and size of the property. However, generally, the cost of housing in this area is considered to be relatively high due to its desirable location. For a luxury villa, prices can reach into the millions, while smaller homes or apartments may be more affordable. It's always best to check with local real estate agencies for the most accurate and up-to-date information," explained one person living in Old Road, Antigua & Barbuda.
Should I buy or rent a home in Old Road?
If you have not spent a lot of time in Old Road, 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 Old Road depends on several factors. If you plan to stay in the area for a long time, buying a home could be a good investment. Property in Antigua & Barbuda often appreciates in value, and owning a home allows you to build equity. However, buying a home also comes with additional costs, such as maintenance, insurance, and property taxes. You'll also need to have a substantial amount of money saved for a down payment. If you're not prepared for these costs, or if you're unsure about your long-term plans, renting might be a better option. Renting a home in Old Road, Antigua & Barbuda offers more flexibility. It's a good option if you're not sure how long you'll be staying in the area, or if you prefer not to deal with the responsibilities of homeownership. Renting can also be more affordable in the short term, as you won't need to save for a down payment or pay for home repairs and maintenance. However, renting doesn't allow you to build equity, and rent prices can increase over time. You'll also have less control over your living space, as you'll need to get permission from your landlord to make any major changes. In conclusion, the decision to buy or rent a home in Old Road, Antigua & Barbuda 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," said one person in Old Road.
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.