Barbados
Should I buy or rent a home in Barbados?
If you have not spent a lot of time in Barbados, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"We rented at first so we could "test" out the different regions and be sure of a location before investing in purchasing a place," commented one expat who made the move to Clapham Ridge, Barbados.
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"Buying a home in Barbados can be a great investment, as the island is a popular tourist destination and real estate prices are expected to rise in the future. However, it is important to consider the cost of living in Barbados, as well as the cost of maintaining a home, before making a decision. Renting a home in Barbados can be a great option for those who are not ready to commit to buying a home, as it allows for more flexibility and can be more cost-effective in the short-term. Ultimately, the decision to buy or rent a home in Barbados should be based on individual needs and preferences," remarked another expat in Barbados.
Other Questions:
- What do I need to know before retiring in Barbados?
- How do I meet people in Barbados?
- What is life like in Barbados?
- Is there a lot of crime in Barbados?
- Is there a lot of diversity? Are people in Barbados accepting of differences?
- What are the schools in Barbados like?
- Is the cost of living in Barbados high?
- What advice do you have for expats having a baby in Barbados?
- What are healthcare services like in Barbados?
- Is the cost of living in Barbados high?
- What type of recreational facilities are in Barbados?
- What is the weather like in Barbados?
- Are there good restaurants in Barbados?
- Where will I buy groceries and do other shopping in Barbados?
- What are the visa & residency requirements in Barbados?
- Are healthcare and health insurance expensive in Barbados?
- What do I need to know when buying property in Barbados?
- Are foreigners allowed to own property in Barbados?
- What appliances are typically included in a rental?
Should I buy or rent a home in Barbados?
If you live in Barbados, newcomers to Barbados 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.
