building & renting out house

monicam

New member
Aug 15, 2005
4
0
0
Hi
I'm based in Europe.
I'm thinking about building an upscale beachfront house on the DR North Coast to rent out for longer periods of time (1 year or more).
I'd like to build a two bedroom two bath house w/ a jaccuzzi and a pool.
All I have so far is that I found the architect I'd like to work with on the project and got a price estimate.
Does anyone have any kind of advice?
For example
Any nice areas close to Puerto Plata besides Cabarete and Sosua?
Rental agencies that could rent out the house?
Rental rates?
etc, etc, etc...
Anything would help. I'm just starting to think about this and I know nothing.
Monica
 

rellosk

Silver
Mar 18, 2002
4,169
58
48
Are you or someone that you trust going to be in the DR to oversee the project? If not you might be better off buying a property that is already built.

Also you may want to read some of the threads regarding the pitfalls of being a landlord in the DR.