Should I buy or rent a home in New Providence?
If you have not spent a lot of time in New Providence, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"When we first arrived we purchased a small condo which was rather easy to do. There are a lot of taxes and fess involved and the real estate laws are a little complicated here so it is highly recommended you get a good real estate agent involved and not purchase directly from the seller," said another expat in New Providence, Bahamas.
"The decision to buy or rent a home in New Providence will depend on your individual situation. Buying a home can provide more stability and you may be able to build equity, but it also requires a large initial investment and more responsibility for upkeep. On the other hand, renting may be more affordable and flexible, but doesn't provide any long term stability or equity. Ultimately, you should consider your needs and financial situation when deciding whether to buy or rent a home in New Providence," wrote a member who made the move to New Providence, Bahamas.
Get Quote
Allianz Care's plans ensure that you have access to quality healthcare whenever you need it. Our flexible solutions allow you to tailor your cover to meet your needs and budget. You can submit your claims digitally and our helpline is available 24/7 to help you anytime.
Allianz Care's plans ensure that you have access to quality healthcare whenever you need it. Our flexible solutions allow you to tailor your cover to meet your needs and budget. You can submit your claims digitally and our helpline is available 24/7 to help you anytime.
Get Quote
Other Questions:
- What should I pack when moving to New Providence?
- Where should I setup a bank account in New Providence?
- Will I be able to find a job in New Providence?
- What is life like in New Providence?
- What do expats in New Providence appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in New Providence?
- Is there a lot of diversity? Are people in New Providence accepting of differences?
- What are the schools in New Providence like?
- What are healthcare services like in New Providence?
- What are medical services in New Providence like?
- Are healthcare and health insurance expensive in New Providence?
- What are emergency services like in New Providence?
- Will I need to travel to see a specialist?
- Are common prescription medications available in New Providence?
- How are local medical facilities in New Providence?
- As a foreigner living in New Providence, 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 New Providence?
If you live in New Providence, newcomers to New Providence would love to hear your answer to this question.