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When renting a home in Trinidad and Tobago you are usually limited to the changes / improvements you can make. When you own a house / home in Trinidad and Tobago you can make almost any changes you want (subject to local planning restrictions). You benefit from living in the environment of your choice plus, in many cases, your improvements add to the value or saleability of your home.
Consider the rental yield of a property before purchasing in Trinidad and Tobago. The yield is the rent as a percentage of the purchase price. Check with your real estate agent to find out the probably rent that can be achieved. You should expect a yield of around 6% or more.
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