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  • Writer's pictureSerge Gerritsma

Moving to The Netherlands - rent or buy a home?

Updated: Aug 2, 2023

Expats are not always sure how long they will stay in one place or country. This makes it important to to think carefully about buying or renting a house. Renting in the privately-owned sector is very expensive. But buying isn’t always beneficial either.

Buying or renting Are you renting a house at this moment? Then this might be the right moment to buy a house. The low mortgage interest rates and house prices are tempting, while private sector rents are increasing. On the other hand, the decreasing house prices can lead to uncertainty. Will they drop even further, and is now the right time to buy? Before making a decision, it is useful to take a look at the pros and cons. Which aspects are important for you? By carefully considering your wishes, you will discover what fits you best.

Pros and cons of buying a house There are advantages and disadvantages to buying a house. One advantage is the fact that you can rebuild and furnish the house to your own wishes. You also build up your own equity and when you have completely repaid your mortgage, the house will be yours.

But there are also a couple of disadvantages. You will have a lot to arrange financially. You also are responsible for the maintenance of the house and the costs will be higher because of the extra insurances and taxes. If you are sure of staying in the same place for a long period of time, then buying might be the best option.

But what about renting? In some situations, renting is a better option than buying. If you rent, you can cancel your lease and move out quickly, and the homeowner is responsible for the maintenance of the house. The increasing rental prices and the limits to how much you can change in the property are among the disadvantages. Are there uncertainties about how long you are likely to stay in the Netherlands? If so, renting might be the best option for you.

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