Should I buy or rent a home in Taiwan?
If you have not spent a lot of time in Taiwan, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"When deciding whether to buy or rent a home in Taiwan, it is important to consider your budget, lifestyle, and long-term plans. Buying a home in Taiwan can be a great investment, as property values tend to appreciate over time. However, it is important to factor in the cost of maintenance and repairs, as well as the time and effort required to manage the property. Renting a home in Taiwan can be a more affordable option, and it can provide more flexibility if you are not sure how long you will be living in the country. Ultimately, the decision to buy or rent a home in Taiwan should be based on your individual needs and preferences," remarked another expat who made the move to Taiwan.
Other Questions:
- What do I need to know before retiring in Taiwan?
- How do I meet people in Taiwan?
- What is life like in Taiwan?
- Is there a lot of crime in Taiwan?
- Is there a lot of diversity? Are people in Taiwan accepting of differences?
- What are the schools in Taiwan like?
- Is the cost of living in Taiwan high?
- What advice do you have for expats having a baby in Taiwan?
- What are healthcare services like in Taiwan?
- Is the cost of living in Taiwan high?
- What type of recreational facilities are in Taiwan?
- What is the weather like in Taiwan?
- Are there good restaurants in Taiwan?
- Where will I buy groceries and do other shopping in Taiwan?
- What are the visa & residency requirements in Taiwan?
- Are healthcare and health insurance expensive in Taiwan?
- What do I need to know when buying property in Taiwan?
- Are foreigners allowed to own property in Taiwan?
- What appliances are typically included in a rental?
Should I buy or rent a home in Taiwan?
If you live in Taiwan, newcomers to Taiwan would love to hear your answer to this question.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.