Should I buy or rent a home in Venezuela?
If you have not spent a lot of time in Venezuela, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Buying a home in Venezuela can be a great investment, as the country has a strong economy and real estate market. However, it is important to consider the current political and economic situation in the country before making a decision. Renting a home in Venezuela may be a more cost-effective option, as it allows you to avoid the costs associated with buying a home, such as closing costs, taxes, and maintenance. Additionally, renting a home can provide more flexibility, as you can move to a different location if needed. Ultimately, the decision to buy or rent a home in Venezuela should be based on your individual needs and financial situation," remarked another expat who made the move to Venezuela.
Other Questions:
- What do I need to know before retiring in Venezuela?
- How do I meet people in Venezuela?
- What is life like in Venezuela?
- Is there a lot of crime in Venezuela?
- Is there a lot of diversity? Are people in Venezuela accepting of differences?
- What are the schools in Venezuela like?
- Is the cost of living in Venezuela high?
- What advice do you have for expats having a baby in Venezuela?
- What are healthcare services like in Venezuela?
- Is the cost of living in Venezuela high?
- What type of recreational facilities are in Venezuela?
- What is the weather like in Venezuela?
- Are there good restaurants in Venezuela?
- Where will I buy groceries and do other shopping in Venezuela?
- What are the visa & residency requirements in Venezuela?
- Are healthcare and health insurance expensive in Venezuela?
- What do I need to know when buying property in Venezuela?
- Are foreigners allowed to own property in Venezuela?
- What appliances are typically included in a rental?
Should I buy or rent a home in Venezuela?
If you live in Venezuela, newcomers to Venezuela 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.