Should I buy or rent a home in Kampot?

"The decision to buy or rent a home in Kampot, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Kampot for a long time, buying a home could be a good investment. Owning a property allows you to build equity and provides a sense of stability and permanence. However, buying a home also comes with significant upfront costs, including the down payment and closing costs. You'll also be responsible for ongoing costs like property taxes, maintenance, and repairs. If you're not ready for these financial commitments, or if you're unsure about your long-term plans, renting might be a better option. Renting a home in Kampot offers more flexibility. It's a good option if you're planning to stay for a short period or if you're still exploring different areas in Cambodia where you might want to settle. Renting doesn't require a large upfront investment, and you won't be responsible for maintenance or repair costs. However, renting doesn't allow you to build equity, and you might face rent increases over time. You'll also have less control over your living space, as you'll need the landlord's permission to make changes to the property. In conclusion, both buying and renting a home in Kampot have their pros and cons. It's important to carefully consider your financial situation, lifestyle, and long-term plans before making a decision," said another expat in Kampot, Cambodia.