First you have to examine what is most suitable for your needs: a house or an apartment. If you are thinking of a house you will have more privacy, but also more responsibility. You will need to install an alarm system, gas for your stove or oven, if it is not furnished you need to buy all the furniture, also a generator or inverter for all the blackouts in the country. All those appliances add more costs to your purchase price or you have the option to buy or rent a furnished home and save yourself the headache of buying all the furniture.
If you are thinking about an apartment you have the same options, buy or rent, furnished or unfurnished, new or from a previous property. All those choices will change the price of the apartment. The least expensive option is a previously owned unfurnished apartment in an out-of-town neighborhood. You can find surprising prices, for example, I sell a 3 bedroom for US $ 46,000. The downside to this option is that there will be more power outages and noise in this area.
The most expensive option is an apartment located in the central area of the city such as: Naco, Piantini, Serralles, Evaristo Morales, among others. These types of apartments are sometimes furnished and probably come with generators, lobby, parking spaces, and security personnel and are built with top quality materials. The price range is US $ 1,200 per square meter, so if you want an apartment of 200 meters, you will most likely pay US $ 240,000 and rent it for US $ 1,500.
If what you are looking for are beaches, the Dominican Republic has many options: the world-famous Punta Cana, Bayahibe, Puerto Plata and a paradise yet to be discovered by the world: Samaná. The prices of these properties vary if they are in front of the beach or because of their distance to the beach. The closer to the beach, the higher the price. We cannot forget the amazing properties of Casa de Campo and Cap Cana with all the golf courses designed by famous golfer Jack Nicklaus. These are perfect properties if you are coming for your retirement in paradise.
Lastly, you need to find a trustworthy and qualified person to help you find those properties that can speak your language to help you mediate in purchase or rental negotiations. This person is a real estate agent who is ideally associated with a well-known company, so you can avoid the many scams that exist, because you will not be able to read the deeds and do not know the Dominican laws, and that can make you an easy target for scams.
I look forward to helping you find your dream property and answering any questions that are not covered in this article. Go to my blog and leave me a comment or write me with your concerns.