Should I buy or rent a home in Negombo?

If you have not spent a lot of time in Negombo, 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 Negombo, it is important to consider your budget, lifestyle, and long-term plans. Buying a home in Negombo can be a great investment, as the city is growing in popularity and real estate prices are likely to increase over time. However, it is important to consider the costs associated with buying a home, such as closing costs, taxes, and maintenance. Renting a home in Negombo 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 Negombo should be based on your individual needs and preferences," commented one expat who made the move to Negombo, Sri Lanka.

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