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...
"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 a member in Belize.
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"We purchased a lot along the sea and had a local builder construct a home for us. It was all done primarily through email correspondence and money transfers. He sent us regular pictures and reports to keep us informed," remarked another expat who made the move to Hopkins Village, Belize.
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Other Questions:
- What do I need to know before moving to Belize?
- How do I find a place to live in Belize?
- What is a typical expat home or apartment like in Belize?
- What is the average cost of housing in Belize?
- Should I buy or rent a home in Belize?
- What should I pack when moving to Belize?
- What cultural faux pas should I try to avoid making in Belize?
- Why do people move to Belize?
- What are healthcare services like in Belize?
- What are medical services in Belize like?
- What are typical rents 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.
