Colombo, Sri Lanka
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," wrote a member who made the move to Colombo, Sri Lanka.
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William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
William RussellWilliam Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
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Other Questions:
- What do I need to know before moving to Colombo?
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- What is a typical expat home or apartment like in Colombo?
- What is the average cost of housing in Colombo?
- Should I buy or rent a home in Colombo?
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- What cultural faux pas should I try to avoid making in Colombo?
- What advice do you have for expats having a baby in Colombo?
- What are healthcare services like in Colombo?
- Is the cost of living in Colombo high?
- Will I save money living in Colombo?
- Why do people move to Colombo?
- What are healthcare services like in Colombo?
- What are medical services in Colombo 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.
