Should I buy or rent a home in Shetland Islands?
If you have not spent a lot of time in Shetland Islands, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"The decision to buy or rent a home in the Shetland Islands, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in the Shetland Islands for a long period, buying a home could be a good investment. Owning a property allows you to build equity over time and could provide financial security in the future. However, buying a home also comes with additional costs such as maintenance, insurance, and property taxes. It also requires a significant upfront investment for the down payment and closing costs. Therefore, if you're not financially ready for these expenses, renting might be a better option. Renting a home in the Shetland Islands offers more flexibility. It's a good option if you're not sure about your long-term plans or if you prefer not to deal with the responsibilities of homeownership. Renting can also be more affordable in the short term, as it typically requires a smaller upfront cost and you won't have to worry about property taxes or maintenance costs. However, renting doesn't build equity and rent prices can increase over time. You also have less control over your living situation, as you're subject to the rules and decisions of your landlord. In conclusion, whether you should buy or rent a home in the Shetland Islands depends on your financial situation, long-term plans, and personal preferences. It's important to carefully consider these factors and possibly seek advice from a financial advisor before making a decision," said another expat in Shetland Islands, Scotland.
Other Questions:
- What should I pack when moving to Shetland Islands?
- Where should I setup a bank account in Shetland Islands?
- Will I be able to find a job in Shetland Islands?
- What is life like in Shetland Islands?
- What do expats in Shetland Islands appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Shetland Islands?
- Is there a lot of diversity? Are people in Shetland Islands accepting of differences?
- What are the schools in Shetland Islands like?
- What are healthcare services like in Shetland Islands?
- What are medical services in Shetland Islands like?
- Are healthcare and health insurance expensive in Shetland Islands?
- What are emergency services like in Shetland Islands?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Shetland Islands?
- How are local medical facilities in Shetland Islands?
- As a foreigner living in Shetland Islands, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
Should I buy or rent a home in Shetland Islands?
If you live in Shetland Islands, newcomers to Shetland Islands would love to hear your answer to this question.