Should I buy or rent a home in Romania?
If you have not spent a lot of time in Romania, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Buying a home in Romania can be a great investment, as the country has a growing economy and real estate market. However, it is important to consider the costs associated with buying a home, such as closing costs, taxes, and maintenance. Renting a home in Romania can be a more cost-effective option, as it allows you to avoid the upfront costs associated with buying a home. Additionally, renting a home can provide more flexibility, as you can move to a different location more easily than if you owned a home. Ultimately, the decision to buy or rent a home in Romania should be based on your individual needs and financial situation," said a member in Romania.
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SJB GlobalSJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Connect
Click connect to have our partner contact you via e-mail and/or phone.
Other Questions:
- What do I need to know before retiring in Romania?
- How do I meet people in Romania?
- What is life like in Romania?
- Is there a lot of crime in Romania?
- Is there a lot of diversity? Are people in Romania accepting of differences?
- What are the schools in Romania like?
- Is the cost of living in Romania high?
- What advice do you have for expats having a baby in Romania?
- What are healthcare services like in Romania?
- Is the cost of living in Romania high?
- What type of recreational facilities are in Romania?
- What is the weather like in Romania?
- Are there good restaurants in Romania?
- Where will I buy groceries and do other shopping in Romania?
- What are the visa & residency requirements in Romania?
- Are healthcare and health insurance expensive in Romania?
- What do I need to know when buying property in Romania?
- Are foreigners allowed to own property in Romania?
- What appliances are typically included in a rental?
Should I buy or rent a home in Romania?
If you live in Romania, newcomers to Romania 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.
