Should I buy or rent a home in San Juan?
If you have not spent a lot of time in San Juan, 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 San Juan, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in San Juan for a long time, buying a home could be a good investment. Owning a property allows you to build equity over time and could potentially provide a return on investment if property values increase. On the other hand, renting might be a better option if you're not planning to stay in the area for a long period or if you prefer not to have the responsibilities that come with homeownership. Renting can offer more flexibility, as it's easier to move if your circumstances change. It also means you won't have to worry about maintenance costs or property taxes, which are typically covered by the landlord. However, the rental market in San Juan can be competitive, and rental prices may be high depending on the area. It's also worth considering that when you rent, you won't see a return on the money you spend, whereas buying a home can be an investment that grows over time. In conclusion, both buying and renting have their pros and cons, and the best choice depends on your individual circumstances and goals. It's important to carefully consider your options and perhaps seek advice from a financial advisor or real estate professional before making a decision," commented one expat who made the move to San Juan, Philippines.
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William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
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Other Questions:
- What do I need to know before retiring in San Juan?
- What do I need to know before moving to San Juan?
- How do I find a place to live in San Juan?
- What is a typical expat home or apartment like in San Juan?
- What is the average cost of housing in San Juan?
- How do I meet people in San Juan?
- What should I pack when moving to San Juan?
- Where should I setup a bank account in San Juan?
- Will I be able to find a job in San Juan?
- What is life like in San Juan?
- What do people like (and dislike) about San Juan?
- What type of social life can someone expect in San Juan?
- What is the social scene like in San Juan?
- What advice to expats in San Juan have about housing?
- What are medical services in San Juan like?
- Are healthcare and health insurance expensive in San Juan?
- Is the cost of living in San Juan high?
- What are the visa & residency requirements in San Juan?
- Why do people move to San Juan?
Should I buy or rent a home in San Juan?
If you live in San Juan, newcomers to San Juan would love to hear your answer to this question.