Should I buy or rent a home in Sri Lanka?

If you have not spent a lot of time in Sri Lanka, 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 Sri Lanka, it is important to consider your budget, lifestyle, and long-term plans. Buying a home in Sri Lanka 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 cost of a down payment and closing costs. Renting a home in Sri Lanka can be a more affordable option in the short-term, and it can also 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 Sri Lanka should be based on your individual needs and preferences," said a member in Sri Lanka.

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Should I buy or rent a home in Sri Lanka?

If you live in Sri Lanka, newcomers to Sri Lanka would love to hear your answer to this question.

About the Author

Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad 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.