Should I buy or rent a home in Colombo?
If you have not spent a lot of time in Colombo, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"When deciding whether to buy or rent a home in Colombo, it is important to consider your budget, lifestyle, and long-term plans. Buying a home in Colombo can be a great investment, as property values are likely to appreciate over time. However, it is important to factor in the cost of maintenance and repairs, as well as the cost of a down payment and closing costs. Renting a home in Colombo can be a more affordable option in the short-term, and it can also provide more flexibility if you are not sure how long you will be living in the city. Ultimately, the decision to buy or rent a home in Colombo should be based on your individual needs and preferences," remarked another expat who made the move to Colombo, Sri Lanka.
Other Questions:
- What should I pack when moving to Colombo?
- Where should I setup a bank account in Colombo?
- Will I be able to find a job in Colombo?
- What is life like in Colombo?
- What do expats in Colombo appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Colombo?
- Is there a lot of diversity? Are people in Colombo accepting of differences?
- What are the schools in Colombo like?
- What are healthcare services like in Colombo?
- What are medical services in Colombo like?
- Are healthcare and health insurance expensive in Colombo?
- What are emergency services like in Colombo?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Colombo?
- How are local medical facilities in Colombo?
- As a foreigner living in Colombo, 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 Colombo?
If you live in Colombo, newcomers to Colombo would love to hear your answer to this question.
