Belize
Should I buy or rent a home in Belize?
If you have not spent a lot of time in Belize, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Purchased a home in an auction. It was very easy. We purchased before we were even residents of Belize. To do that we needed a us dollar bank acct here, it was easy to do," explained one expat living in Belize City, Belize.
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"Deciding whether to buy or rent a home in Belize is ultimately a personal choice that depends on many factors. If you plan to stay for a long period of time, buying a home can be a great investment as you will own a valuable piece of property you can use as a vacation home. Additionally, owning a home in Belize may offer certain tax benefits that renting does not. On the other hand, if your stay in Belize is more transient, it may be more cost-effective and practical to rent so that you are not tied down to one location in the long-term. Ultimately, researching the market in Belize can help you to make an informed decision that best suits your needs," said another expat in Belize.
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Other Questions:
- What do I need to know before retiring in Belize?
- How do I meet people in Belize?
- What is life like in Belize?
- Is there a lot of crime in Belize?
- Is there a lot of diversity? Are people in Belize accepting of differences?
- What are the schools in Belize like?
- Is the cost of living in Belize high?
- What advice do you have for expats having a baby in Belize?
- What are healthcare services like in Belize?
- Is the cost of living in Belize high?
- What type of recreational facilities are in Belize?
- What is the weather like in Belize?
- Are there good restaurants in Belize?
- Where will I buy groceries and do other shopping in Belize?
- What are the visa & residency requirements in Belize?
- Are healthcare and health insurance expensive in Belize?
- What do I need to know when buying property in Belize?
- Are foreigners allowed to own property in Belize?
- What appliances are typically included in a rental?
Should I buy or rent a home in Belize?
If you live in Belize, newcomers to Belize 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.
