Hello, Everyone
My mother bought a house not too long ago in Santo Domingo. The house has 3 bedrooms, 1 bathroom, garage, living room, dinning room, and a large yard, plus unattached to the house it has an additional bedroom and bathroom. The house is located in the Lucerna neighborhood about 10 minutes away from Mega Centro. The house does have an issue; the water reservoir (cisterna) looses all it's water in a couple of hours.
The property is currently being rented for DR$7,500 which I think is too cheap. Now I understand that the reservoir not holding water is a serious issue, but we are planning on fixing the problem, and in the mean time we are going to add a water tank (tinaco) to the house.
After these improvements what would be a reasonable rent??
My mother bought a house not too long ago in Santo Domingo. The house has 3 bedrooms, 1 bathroom, garage, living room, dinning room, and a large yard, plus unattached to the house it has an additional bedroom and bathroom. The house is located in the Lucerna neighborhood about 10 minutes away from Mega Centro. The house does have an issue; the water reservoir (cisterna) looses all it's water in a couple of hours.
The property is currently being rented for DR$7,500 which I think is too cheap. Now I understand that the reservoir not holding water is a serious issue, but we are planning on fixing the problem, and in the mean time we are going to add a water tank (tinaco) to the house.
After these improvements what would be a reasonable rent??