Should I buy or rent a home in Bermuda?
If you have not spent a lot of time in Bermuda, 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 Bermuda, it is important to consider your lifestyle and financial situation. If you plan to stay in Bermuda for a long period of time, buying a home may be the best option as it will provide you with a stable and secure place to live. On the other hand, if you are only planning to stay in Bermuda for a short period of time, renting a home may be the more cost-effective option. Additionally, if you are not sure how long you will be staying in Bermuda, renting a home may be the best option as it will give you the flexibility to move when you need to," said a member in Bermuda.
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Universal Tax ProfessionalsWe are a U.S. tax firm specializing in taxes for Americans living abroad. We offer expert guidance on navigating the complexities of filing overseas income, foreign asset reporting, and ensuring compliance with both U.S. and international tax regulations. Universal Tax Professionals is a team of experienced experts well-versed in the latest tax laws, including the nuances that apply to expatriates.
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Other Questions:
- What should I pack when moving to Bermuda?
- Where should I setup a bank account in Bermuda?
- Will I be able to find a job in Bermuda?
- What is life like in Bermuda?
- What do expats in Bermuda appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Bermuda?
- Is there a lot of diversity? Are people in Bermuda accepting of differences?
- What are the schools in Bermuda like?
- What are healthcare services like in Bermuda?
- What are medical services in Bermuda like?
- Are healthcare and health insurance expensive in Bermuda?
- What are emergency services like in Bermuda?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Bermuda?
- How are local medical facilities in Bermuda?
- As a foreigner living in Bermuda, 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 Bermuda?
If you live in Bermuda, newcomers to Bermuda 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.