Belize
Should I buy or rent a home in Belize?
If you have not spent a lot of time in Belize, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Purchased a home in an auction. It was very easy. We purchased before we were even residents of Belize. To do that we needed a us dollar bank acct here, it was easy to do," said another expat in Belize City, Belize.
"Deciding whether to buy or rent a home in Belize is ultimately a personal choice that depends on many factors. If you plan to stay for a long period of time, buying a home can be a great investment as you will own a valuable piece of property you can use as a vacation home. Additionally, owning a home in Belize may offer certain tax benefits that renting does not. On the other hand, if your stay in Belize is more transient, it may be more cost-effective and practical to rent so that you are not tied down to one location in the long-term. Ultimately, researching the market in Belize can help you to make an informed decision that best suits your needs," wrote a member who made the move to Belize.
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Other Questions:
- What should I pack when moving to Belize?
- Where should I setup a bank account in Belize?
- Will I be able to find a job in Belize?
- What is life like in Belize?
- What do expats in Belize appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Belize?
- Is there a lot of diversity? Are people in Belize accepting of differences?
- What are the schools in Belize like?
- What are healthcare services like in Belize?
- What are medical services in Belize like?
- Are healthcare and health insurance expensive in Belize?
- What are emergency services like in Belize?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Belize?
- How are local medical facilities in Belize?
- As a foreigner living in Belize, 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 Belize?
If you live in Belize, newcomers to Belize would love to hear your answer to this question.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
