Should I buy or rent a home in Jamaica?
If you have not spent a lot of time in Jamaica, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Deciding whether to buy or rent a home in Jamaica depends on a variety of factors, such as your long-term plans, budget and lifestyle. Before making the decision to buy, it can be helpful to research the local real estate market, the types of properties available and the general cost of living in the country. You should also consider the financial commitment associated with buying a home and whether you are in a position to make such a commitment. If you are looking for a more cost-effective option, renting may be the better choice, as it gives you the opportunity to explore a variety of different areas before committing to buying a home. Ultimately, the decision to buy or rent a home in Jamaica will depend on your individual circumstances," commented one expat who made the move to Jamaica.
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Other Questions:
- What do I need to know before retiring in Jamaica?
- How do I meet people in Jamaica?
- What is life like in Jamaica?
- Is there a lot of crime in Jamaica?
- Is there a lot of diversity? Are people in Jamaica accepting of differences?
- What are the schools in Jamaica like?
- Is the cost of living in Jamaica high?
- What advice do you have for expats having a baby in Jamaica?
- What are healthcare services like in Jamaica?
- Is the cost of living in Jamaica high?
- What type of recreational facilities are in Jamaica?
- What is the weather like in Jamaica?
- Are there good restaurants in Jamaica?
- Where will I buy groceries and do other shopping in Jamaica?
- What are the visa & residency requirements in Jamaica?
- Are healthcare and health insurance expensive in Jamaica?
- What do I need to know when buying property in Jamaica?
- Are foreigners allowed to own property in Jamaica?
- What appliances are typically included in a rental?
Should I buy or rent a home in Jamaica?
If you live in Jamaica, newcomers to Jamaica 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.