Are you thinking about buying property in The Caymans? Consider these five things that renters do not have to pay!
Homeownership may be a goal for many, and as a Real Estate Agent in the Cayman Islands, I would love to sell you a property, that is how I earn a living. However, sometimes it is not the right time or the right decision for you to buy. Here are some helpful tips about homeownership vs renting to help you make an informed decision.
Did you know that renters make up about 37 percent of households in America, and that has increased since 2005. More than half of the millennials and Gen Z renters have thought about buying but only 18 percent do. In the Cayman Islands, it is much the same.
1. Property taxes
In the Cayman Islands, there is