Should I buy or rent a home in Colombo?
If you have not spent a lot of time in Colombo, 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 Colombo, it is important to consider your budget, lifestyle, and long-term plans. Buying a home in Colombo can be a great investment, as property values are likely to appreciate over time. However, it is important to factor in the cost of maintenance and repairs, as well as the cost of a down payment and closing costs. Renting a home in Colombo can be a more affordable option in the short-term, and it can also provide more flexibility if you are not sure how long you will be living in the city. Ultimately, the decision to buy or rent a home in Colombo should be based on your individual needs and preferences," commented one expat who made the move to Colombo, Sri Lanka.
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SJB-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.
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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.
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Click connect to have our partner contact you via e-mail and/or phone.
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Should I buy or rent a home in Colombo?
If you live in Colombo, newcomers to Colombo would love to hear your answer to this question.
