Should I buy or rent a home in Hoi An?

"The decision to buy or rent a home in Hoi An, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Hoi An for a long period, buying a home could be a good investment. Owning a property allows you to have full control over your living space, and you can potentially earn from it if property values increase over time. However, buying a home requires a significant upfront cost and ongoing maintenance expenses. It also involves a complicated process, especially for foreigners, as Vietnam has strict property ownership laws. You may need to consult with a local real estate expert or a lawyer to understand the legalities. On the other hand, renting a home in Hoi An offers more flexibility. It's a good option if you're not sure how long you'll stay, or if you prefer not to deal with property maintenance and other homeowner responsibilities. Renting can also be more affordable in the short term, as it doesn't require a large initial outlay of cash. However, the downside of renting is that you won't build equity, and you may face annual rent increases. You also have less control over your living space, as you'll need to follow the landlord's rules. In conclusion, both buying and renting a home in Hoi An have their pros and cons. It's important to carefully consider your financial situation, lifestyle, and future plans before making a decision," mentioned another expat when asked about moving to Hoi An, Vietnam.