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Cisneros Square in Medellin, Colombia

Should I buy or rent a home in Colombia?

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If you have not spent a lot of time in Colombia, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...

"Whether you should buy or rent a home in Colombia depends on a variety of factors. Consider what your long-term plans are for living in the country. If you intend to stay for an extended period of time and anticipate growing roots, then buying may be the most cost-effective option. On the other hand, if you’re going to be spending limited time in the country, then renting may be the more practical choice. Make sure to also take into consideration Colombia’s current economic and housing markets. Research real estate options, costs, and rental rules and regulations to make the right decision for your needs," said a member in Colombia.

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Traveling Mailbox serves thousands of travelers, expats, digital nomads, businesses, individuals and others in over 47 Countries by scanning their postal mail so they can view it online anywhere in the world. They provide customer service 7 days a week so if you need assistance, it is just a phone call away. Traveling Mailbox works with Evernote, Bill.com and Dropbox. And, there are Traveling Mailbox apps available for iOS and Android devices.
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"We knew we had come to stay for several years or more. So we rented an unfurnished apartment. Some friends referred us to locals and the process was very easy. We bought a few things new like mattresses, TV and recliners, but all the rest of the furniture was used and we got some bargains. We had to buy lots of accessories, and those cost more than we counted on, but we have them now and they aren't going anywhere. In 3+ years, we have had 5 different homes. We could not have had all our adventures if we had purchased a home," remarked another expat who made the move to Medellin, Colombia.

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Should I buy or rent a home in Colombia?

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About the Author

Betsy Burlingame 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.

Cisneros Square in Medellin, Colombia

Traveling Mailbox
Traveling Mailbox

Traveling Mailbox lets you view your postal mail online anywhere and it's is affordable, simple, and flexible.
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Traveling MailboxTraveling Mailbox

Traveling Mailbox lets you view your postal mail online anywhere and it's is affordable, simple, and flexible.
Learn More

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