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Things To Consider Before Buying In Sosua And Cabarete

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Facts You Should Know Before Buying In Sosua And Cabarete.

  • Electric And Gas Are Much More Exspensive Than In United States And Canada.Make Sure You Buy In A Location That Will Not Cost You Much More In The Long Term.
  • Association Fees Are Necessary But Must Be Considered Prior To Buying Especially If You Are On A Fixed Income And Should Be Advised That They Never Go Down Every Month Only Up.
  • You Can Have A Live In Maid Or 1 That Cleans And Cooks For You On A Daily Basis For About 200-400 Pesos Which Is Approximately $5.00 Dollars
  • It Is Not Necessary To Own A Vehicle In Sosua And Cabarete As You Can Take Local Transportation For As Little As 1 Dollar.You Can Buy A Brand New Car In Puerto Plata Pretty Reasonable About $29,000 For A Hyundai Truck.You Can Also Hire A Personal Driver For About $100.00 Dollars A Week.
  • You Can Buy Many Used Car’s And Trucks Locally Or You Can Take A Ride To Moca Or Santiago Where They Have A Much Bigger Selection And They Will Even Finance It For You.
  • Swimmimg Pools Are Nice But Also Can Get Costly.Prepare To Spend At Least 100-200 Per Month For Pool Chemicals And Cleaning Whether You Are Here Or Not
  • Beachfront Villas For Sale In Sosua
  • Health Insurance Is Much More Reasonable.Individuals Can Expect To Pay About 30.00 Dollars Per Month For A Decent Major Medical Policy.But Should Never Be Considered The Same As Your Primary Care Physician In Your Country Of Origin.
  • Villas For Sale Sosua, Puerto Plata, Dominican Republic
  • Homeowners Insurance Is Excellent Here.About The Same Exspense As The United States But They Cover Acts Of God And You Are Insured For Natural Disasters Like Earthquakes.
  • Legal Fees Run About 1% Of The Dollar Amount Of The Total Transaction So For Example A $100,000 Dollar Purchase Will Cost You Roughly 1,000 Dollars In Legal Fees
  • Selling A Property Is Much Different Than In United States So Always Think Long Term Before Making A Purchase
  • Taxes Are Very Inexspensive And If Valued Under 8 Million Pesos You Pay Nothing.Thats Equivalent To Approximately Under $165,000 Dollars
  • For Canadian Investors There’s A Big Advantage As You Can Rent Your Property Out And Recieve U.S Dollars And Then Convert It Back To Canadian And Gain A 20% Advantage.This Is 1 Example Of Many And Like In Your Country Of Origin You Need A Competant Law Firm And Accountants To Recieve The Correct Information As Law’s In Dominican Republic Are Different And Unique And This Is No Substitute Only Some Basic Information.
  • For More Information On Buying Or Investing In Dominican Republic Simply Click Schedule An Appointment Below.
  • Schedule An Appointment

 

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