06 Mar 2012Blog

Insurance for your Barbados property

by Monique

Why Rent?RAC Insurance

If you are looking to move into a property in Barbados, then there are a number of reasons why you might decide to rent. Here are just a few of the reasons why many people choose to rent, rather than buy a property.

Of course, buying a property has a number of advantages, but that’s not to say it’s for everyone. For many, renting can prove to be a far more suitable option. This is especially true for those who are not planning to stay in the same property for a considerable length of time. Rented properties usually have a contract which is of a certain length – then you are free to move out. You will not need to find someone to purchase the property before you are able to move, as you often would need to when thinking about moving house. If regular property moves are a possibility for you, then you may find than renting is much less hassle.

Choosing to rent also means that you will not be held responsible for upkeep and maintenance costs. Although you will usually be asked to pay a deposit and expected to keep the property in a good condition, you will not find yourself paying out of a new boiler, for example. Although Harmony General or RAC Home Insurance policies can be relatively reasonable, it can save you time and money in arranging for such maintenance work to be carried out. More often than not, you will simply be able to contact your landlord, and they will arrange the rest.

Renting is also perfect for those who may not feel like they are in a situation to take out a mortgage on a property. If you want to have your own space, or are looking to move to an incredible location such as Barbados, then rent payments can be a much more affordable option. Take a look of the great long-term rental properties which we currently have on Barbados Property List today!

Contact RAC Home Insurance for more info…