Split, Croatia
Should I buy or rent a home in Split?
If you have not spent a lot of time in Split, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"The decision to buy or rent a home in Split, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Split for a long time, buying a home could be a good investment. Owning a property allows you to build equity over time and could potentially provide a return on investment if property values increase. On the other hand, renting might be a better option if you're not planning to stay in Split for a long period. Renting offers more flexibility, as you can move more easily if your circumstances change. It also means you won't have to worry about property maintenance and other responsibilities that come with homeownership. Financially, buying a home requires a significant upfront cost, including a down payment and closing costs. You'll also need to consider ongoing costs like mortgage payments, property taxes, insurance, and maintenance. Renting, meanwhile, typically involves lower upfront costs, and the monthly rent may be less than a mortgage payment. However, the rental market in Split is quite active, especially during the summer months when the city attracts many tourists. This could make it harder to find a suitable rental property, and prices may be higher during this peak season. In terms of lifestyle, owning a home can provide a sense of stability and the freedom to personalize your space. Renting, on the other hand, can offer more freedom to move around and less responsibility for property upkeep. In conclusion, whether you should buy or rent a home in Split, Croatia, depends on various factors, including your financial situation, how long you plan to stay, and your personal preferences. It's important to weigh all these factors carefully before making a decision," commented one expat who made the move to Split, Croatia.
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Expats interested in International Health Insurance should take a minute to get a quote from our trusted expat health insurance partner, CIGNA.
Cigna Global HealthExpats interested in International Health Insurance should take a minute to get a quote from our trusted expat health insurance partner, CIGNA.
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Should I buy or rent a home in Split?
If you live in Split, newcomers to Split would love to hear your answer to this question.
