Many expats choose to rent property when working in Amsterdam. Some firms may already have bought Amsterdam real estate, in order to supply their employees with a place to live while in Amsterdam, other firms may have other incentives and leave the details of living in Amsterdam to their employees. If you fall into the latter category, it might be worthwhile for you to consider owning a property in Amsterdam.
Advantages of buying over renting Amsterdam houses
Other than the emotional value of being an Amsterdam house owner, there are a number of advantages that buying real estate in Amsterdam has over renting.
- Control over your property: you are the one to determine whether pets are allowed, or whether you will adjust the property to your liking with regard to painting, refurbishing, or even conversion;
- Costs: with the popularity of Amsterdam, rental prices are through the roof. 9 times out of 10, buying a property will bring lower monthly expenses in mortgage payments than renting does;
- Tax benefits: in many cases, mortgage interest payments are tax-deductible;
- Investment: particularly in the long run, devoting capital to real estate has a high return on investment, especially in Amsterdam.
Amsterdam houses as an investment
While many tax benefits apply for as long as the property is used as your primary living accommodation and cease to be effective once you, yourself, move out, homes in Amsterdam can continue to make you money as you rent it out. However, since the laws and regulations in the Netherlands that deal with subletting lean heavily in the direction of being tenant-based, it would be wise to get acquainted with these laws, beforehand.
Naturally, we can be of service in that area, as well.