Germany
Should I buy or rent a home in Germany?
If you have not spent a lot of time in Germany, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"I purchased an apartment over 20 years ago. It is not much different that the process involved in purchasing in the U.S," commented one expat who made the move to Friedrichsdorf, Germany.
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"It all depends on your individual needs and budget, as both buying and renting a home in Germany have pros and cons for different situations. If you plan on staying in Germany for an extended period of time, have the means to purchase a home, and want to build equity, then buying a home may be the best route for you. On the other hand, if you have more temporary plans, need more mobility and flexibility, and have a limited budget, renting may be the best option. Ultimately, the decision is yours, but it is important to carefully consider all the factors before making a decision," remarked another expat in Germany.
Other Questions:
- What do I need to know before moving to Germany?
- How do I find a place to live in Germany?
- What is a typical expat home or apartment like in Germany?
- What is the average cost of housing in Germany?
- Should I buy or rent a home in Germany?
- What should I pack when moving to Germany?
- What cultural faux pas should I try to avoid making in Germany?
- Why do people move to Germany?
- What are healthcare services like in Germany?
- What are medical services in Germany like?
- What are typical rents in Germany?
- What appliances are typically included in a rental?
Should I buy or rent a home in Germany?
If you live in Germany, newcomers to Germany 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.
