Should I buy or rent a home in New Providence?

If you have not spent a lot of time in New Providence, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...

"When we first arrived we purchased a small condo which was rather easy to do. There are a lot of taxes and fess involved and the real estate laws are a little complicated here so it is highly recommended you get a good real estate agent involved and not purchase directly from the seller," remarked another expat who made the move to New Providence, Bahamas.

"The decision to buy or rent a home in New Providence will depend on your individual situation. Buying a home can provide more stability and you may be able to build equity, but it also requires a large initial investment and more responsibility for upkeep. On the other hand, renting may be more affordable and flexible, but doesn't provide any long term stability or equity. Ultimately, you should consider your needs and financial situation when deciding whether to buy or rent a home in New Providence," explained one expat living in New Providence, Bahamas.

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