Should I buy or rent a home in Medellin?
If you have not spent a lot of time in Medellin, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"We knew we had come to stay for several years or more. So we rented an unfurnished apartment. Some friends referred us to locals and the process was very easy. We bought a few things new like mattresses, TV and recliners, but all the rest of the furniture was used and we got some bargains. We had to buy lots of accessories, and those cost more than we counted on, but we have them now and they aren't going anywhere. In 3+ years, we have had 5 different homes. We could not have had all our adventures if we had purchased a home," remarked another expat who made the move to Medellin, Colombia.
"Buying a home in Medellin can be a great investment. The city is known for its vibrant culture, beautiful scenery, and affordable cost of living. The real estate market is also very attractive, with prices that are lower than in many other cities in the region. Renting a home in Medellin can also be a great option, as it allows you to experience the city without the commitment of buying a home. You can also take advantage of the city's many amenities, such as its excellent public transportation system and its many parks and recreational areas. Ultimately, the decision to buy or rent a home in Medellin will depend on your individual needs and preferences," explained one expat living in Medellin, Colombia.
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We have over 10 years of experience helping foreigners obtain visas, invest, and do business in Colombia. Take the stress out of immigrating to Colombia by working with an experienced, bilingual immigration attorney.
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Should I buy or rent a home in Medellin?
If you live in Medellin, newcomers to Medellin would love to hear your answer to this question.