PROPERTY
Home Help
Moving house combined with moving to another country can be stressful. Here’s a few tips to ease the pain
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enting a home when you first come to live in Bermuda is not only wise, it is also the only option for most new residents. Many houses here have separate rental units, which can range from studio apartments to garden cottages. Condominiums come in all shapes and sizes, and there is always a wide range of executive homes available at any given time. The best way to start looking for a rental property—and you should see quite a few before making your final choice—is with the help of a local real estate agent. It is also well worth searching online. Alternatively you or your future employer could hire a relocation service. This is almost a necessity if you’re trying to secure housing before arriving on the island. Some employers may pay for you to stay at a hotel or guesthouse for a few weeks, to give you time to look for accommodation. Your housing needs will be dictated by your family requirements as well as your interests and work schedule. If, for example, you have the kind of job which requires shift
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work or the need to be called in at odd hours, you will want to live relatively near to your place of employment. If you have children, schools will be a consideration in your choice of location. Places at government primary and middle schools are allocated on the basis of zoning, which you may want to bear in mind when selecting your new home. Rental units in the central parishes of Devonshire, Paget, Warwick, Pembroke and Smith’s tend to be pricier. However, as you will quickly learn, nowhere in Bermuda is very far from anywhere else and Hamilton can be reached by road from either end of the island in not much more than 30 minutes. There’s also a good ferry service for commuters from the west end. There is lower demand in east and west ends of the island, which means you will find lower rents, or get more square foot for the dollar. The best time of year to look for housing is in the late summer, as students prepare to leave Bermuda for college and seasonal tourist
workers leave the island. Monthly rental for a studio apartment starts at no less than $1,000. One-bedroom apartments are priced from just under $2,000 to $3,000, with those in the City of Hamilton commanding the highest rent. For a two-bedroom apartment or condominium you’re looking at $3,000 to $4,000 a month. Twobedroom units are the most broadly in demand and are therefore the hardest to find. Waterviews, rural settings, proximity to golf courses and other desirable features such as a swimming pool and tennis court, can push the price to the top of the range, with some well-appointed units going for more than $7,000. For an executive three or four bedroom family home with nanny quarters, a pool and ocean views, the sky is the limit. Properties in this range usually start at $10,000 and it would not be unusual to see a luxury property at the very top end of the market being advertised for $20,000 a month. The most sought-after properties are stand-alone cottages either on the water or with water views. They are also the most expensive per square foot. If you have your heart set on something like this, consider renting a lesser property to give you time to search for your ‘dream home’, and until something becomes available. When it comes to the ‘added extras’ for your rental home, be careful to check the lease carefully. The maintenance of the garden or pool is not always included in the rent, so be sure to ask. Similarly, establish whether you or the landlord will be responsible for the payment of annual property taxes. As a general rule, if the lease is for less than three years, the landlord pays. If you are renting a condominium, establish whether you will be responsible for the condo association maintenance fees. Generally speaking, the landlord takes care of the exterior of the property and the tenant the interior. Renting furnished accommodation is often the simplest solution. But if you do choose to bring your New Resident 2022
