Should I buy or rent a home in Kampot?
If you have not spent a lot of time in Kampot, 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 Kampot, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Kampot for a long time, buying a home could be a good investment. Owning a property allows you to build equity and provides a sense of stability and permanence. However, buying a home also comes with significant upfront costs, including the down payment and closing costs. You'll also be responsible for ongoing costs like property taxes, maintenance, and repairs. If you're not ready for these financial commitments, or if you're unsure about your long-term plans, renting might be a better option. Renting a home in Kampot offers more flexibility. It's a good option if you're planning to stay for a short period or if you're still exploring different areas in Cambodia where you might want to settle. Renting doesn't require a large upfront investment, and you won't be responsible for maintenance or repair costs. However, renting doesn't allow you to build equity, and you might face rent increases over time. You'll also have less control over your living space, as you'll need the landlord's permission to make changes to the property. In conclusion, both buying and renting a home in Kampot have their pros and cons. It's important to carefully consider your financial situation, lifestyle, and long-term plans before making a decision," said a member in Kampot, Cambodia.
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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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Should I buy or rent a home in Kampot?
If you live in Kampot, newcomers to Kampot would love to hear your answer to this question.
