Should I buy or rent a home in Vietnam?
If you have not spent a lot of time in Vietnam, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"It depends on your personal preferences and financial situation. Buying a home in Vietnam can be a good option if you plan on staying in the country for a longer period of time, as it could be a sound investment opportunity. On the other hand, renting a home in Vietnam provides more flexibility and you are not tied to the maintenance and other financial responsibilities that come with buying a property. Ultimately, you should consider your particular circumstances when making your decision," said another expat in Vietnam.
"In 2013 I retired and moved permanently to Viet Nam. I had met a Vietnamese woman and married her in 2014. I purchased a 4 story, 4 bedroom 3 bath home in HCMC for $140,000 and I have been living here happily ever since. I live in a Vietnamese district where there are very few foreigners, but I have met some at the pool I go to and at my gym. I also have a number of Vietnamese friends," wrote a member who made the move to Ho Chi Minh City, Vietnam.
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Other Questions:
- What do I need to know before retiring in Vietnam?
- How do I meet people in Vietnam?
- What is life like in Vietnam?
- Is there a lot of crime in Vietnam?
- Is there a lot of diversity? Are people in Vietnam accepting of differences?
- What are the schools in Vietnam like?
- Is the cost of living in Vietnam high?
- What advice do you have for expats having a baby in Vietnam?
- What are healthcare services like in Vietnam?
- Is the cost of living in Vietnam high?
- What type of recreational facilities are in Vietnam?
- What is the weather like in Vietnam?
- Are there good restaurants in Vietnam?
- Where will I buy groceries and do other shopping in Vietnam?
- What are the visa & residency requirements in Vietnam?
- Are healthcare and health insurance expensive in Vietnam?
- What do I need to know when buying property in Vietnam?
- Are foreigners allowed to own property in Vietnam?
- What appliances are typically included in a rental?
Should I buy or rent a home in Vietnam?
If you live in Vietnam, newcomers to Vietnam would love to hear your answer to this question.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.