BUYING OR RENTING? OR BUYING-TO-LET?

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BUYING OR RENTING? OR BUYING-TO-LET
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BUYING OR RENTING? Whether its six months with a
sublime sea view or years spent perfecting the
ultimate fixer-upper in a good neighborhood, you
need a plan. The question of buying or renting is
one that cant be answered without drawing out
your goals. The long and the short of it is that
your future determines the outcome of this
question. You know youre moving, but why? At
what cost? And for how long? Your employment
status and prospects, family composition,
lifestyle preferences, hobbies and activities
affect this decision.
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On Curacao, as part of the Dutch Kingdom, there
is a strong culture of owning a desire to own
ones own home both from an investment as well as
a lifestyle perspective and so this continues to
be the dominant trend. However, in recent years
the rental market has benefitted from the
ever-increasing number of people who are
unwilling to buy homes for whatever reason and
this market is particularly strong at present.
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BUYING Its yours, you own it, once its paid
off. Buying tends to be the right move if you
plan on staying a while, predominantly because
the costs involved can be spread out over a few
years. If its a good move, your home appreciates
more than youve paid in mortgage, interest,
taxes, and maintenance over time youve earned
a return, or you break even. Having the luxury to
renovate your space to suit your needs and
nourish your creativity can be appealing,
especially when it elevates the value of your
investment. You can also get pets
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http//www.vanderzwet-realty-curacao.com
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RENTING Renting offers more flexibility. You
could find yourself closer to work, entertainment
hubs, yoga classes and upmarket restaurants in an
area you cant yet buy in. Everything happens
faster you can move in faster, you can leave for
greener pastures faster. Major maintenance costs,
theyre not yours, for the most part. But neither
is your home. Renting means a deposit, sometimes
two months rent, which youll need available. Is
it money going down the drain? No it isnt, its
giving you a place to live. Your money is going
into someone elses pocket, but when the pipes
pack up, the plumber will be digging into those
pockets too. The rental option remains ideal for
contract workers relocating nationally or
internationally. Your pets may or may not be
welcome.
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http//www.vanderzwet-realty-curacao.com
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THE BUY-TO-LET LANDSCAPE Its an excellent time
to be a landlord in the buy-to-let market the
market is very active and characterized by a
shortage of rental stock, an oversupply of
would-be tenants and as a consequence a trend of
increasing rental yields and a market which is
experiencing above inflation annual capital
growth. Whatever youre in the market for, we can
guide you home, with decades of experience
leading the way.
Email info_at_therealestatecuracao.com
http//www.vanderzwet-realty-curacao.com
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In terms of property types, there is strong
rental demand across the board every segment of
the market is currently very active. Property
markets are cyclical and so if you are looking
for a property to buy-to-let, you must consider
buying a property that will rent well in any
market. There are examples of this in every
segment of the market but investors need to do
their homework well, consult knowledgeable and
trusted experts and in the process make a
well-considered investment decision.
Email info_at_therealestatecuracao.com
http//www.vanderzwet-realty-curacao.com
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Expert advice? The real estate Curacao suggests
you Buy or Buy-to-Let when youre ready to invest
in a home, this includes saving for a deposit,
qualifying for a loan and committing to a
long-term investment, and Rent when youre not
staying for years, are still building up that
deposit needed to Buy and dont want the hassle
of property maintenance. Feel free to contact us
to discuss your personal situation and options
Email info_at_therealestatecuracao.com
http//www.vanderzwet-realty-curacao.com
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Email info_at_therealestatecuracao.com
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