Bermuda
Should I buy or rent a home in Bermuda?
If you have not spent a lot of time in Bermuda, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"When deciding whether to buy or rent a home in Bermuda, it is important to consider your lifestyle and financial situation. If you plan to stay in Bermuda for a long period of time, buying a home may be the best option as it will provide you with a stable and secure place to live. On the other hand, if you are only planning to stay in Bermuda for a short period of time, renting a home may be the more cost-effective option. Additionally, if you are not sure how long you will be staying in Bermuda, renting a home may be the best option as it will give you the flexibility to move when you need to," said another expat in Bermuda.
Other Questions:
- What do I need to know before retiring in Bermuda?
- How do I meet people in Bermuda?
- What is life like in Bermuda?
- Is there a lot of crime in Bermuda?
- Is there a lot of diversity? Are people in Bermuda accepting of differences?
- What are the schools in Bermuda like?
- Is the cost of living in Bermuda high?
- What advice do you have for expats having a baby in Bermuda?
- What are healthcare services like in Bermuda?
- Is the cost of living in Bermuda high?
- What type of recreational facilities are in Bermuda?
- What is the weather like in Bermuda?
- Are there good restaurants in Bermuda?
- Where will I buy groceries and do other shopping in Bermuda?
- What are the visa & residency requirements in Bermuda?
- Are healthcare and health insurance expensive in Bermuda?
- What do I need to know when buying property in Bermuda?
- Are foreigners allowed to own property in Bermuda?
- What appliances are typically included in a rental?
Should I buy or rent a home in Bermuda?
If you live in Bermuda, newcomers to Bermuda 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.
