Hi there, I'm a UK citizen and I married a Dual Costa Rican/ D.R national. Her family live in SFDM and we currently live in the UK. I have 3 houses here which for combined rent would give me ?1800 or $2800 a month income. I want to move to the D.R but i'm unsure as to whether we should rent or build.
Her brother just bought some land near Nagua. 600m sq for $700. Now that's a bargain but then i hear about prices in SD or Santiago and the prices seem full price on a par with the states. He also says he can build a house on that land for approx $6000. This is all leading me to want to jump on board, especially as having her large family there means getting things for Local prices, not tourist prices.
What are you suggestions? I know it's not always worth building there as the resell chances are small but if i could build a nice luxurious mansion for $30,000 and pass it down generations, i'm thinking i would. Anything i should be wary of? The locations are around, SFDM, Nagua, Tenares etc.
Also, please don't suggest renting as i'd just prefer to own and not have to pay a local DR. So buying or building only.
Thanks everyone.
Her brother just bought some land near Nagua. 600m sq for $700. Now that's a bargain but then i hear about prices in SD or Santiago and the prices seem full price on a par with the states. He also says he can build a house on that land for approx $6000. This is all leading me to want to jump on board, especially as having her large family there means getting things for Local prices, not tourist prices.
What are you suggestions? I know it's not always worth building there as the resell chances are small but if i could build a nice luxurious mansion for $30,000 and pass it down generations, i'm thinking i would. Anything i should be wary of? The locations are around, SFDM, Nagua, Tenares etc.
Also, please don't suggest renting as i'd just prefer to own and not have to pay a local DR. So buying or building only.
Thanks everyone.