ive just finished scanning the property prices of homes within the real estate section of DR1 and numerous other DR real estate sites and all i have to say is if YOU are considering paying these prices...you are MAD!!!!!!The real estate agents have seen you coming!.
I personally live not 4 minutes away from a major north coast tourist area (cabarete) where homes routinely go for 250-300kus and up, and condos are priced from 130k and upwards. These prices are insane.....i know of land being sold for $25us a metre (1000mtr block)=25k....then all you have to do is locate a builder which i did and you can have a basic tiled/cinder block beach house built for 300-350sqmtr (i paid this) So if you want a 150sqmtr house its going to cost you
land=27k (including 2k legals/government costs approx)
house = (150metre *350)=52k
plus sanitation pit =1k
miscellaneous cost =allow 3k electrics
architect 4% of building cost =2k approx
total 85k approx
infact i personally paid the following amounts ;
125sq mtr home paid $45k to have it built
500sqmtr land on the beach 18k
legals/architect and miscellaneous additional costs 7k
total paid $70kk 4 mins from cabarete
All i had to do was organise the builder , architect and lawyer.
And yet for sale next to me are homes that have 60sqmetres more and are being sold for $450k.
if your thinking of coming to the the DR dont be fools...use your heads and build......its the cheapest way! Being asked to pay these amounts is bulls#$t there is so much land for sale in the DR priced below $35k come and buy some, build yourself and save yourself a s#$t load of money. I even heard recently from a real estate agent in the cabarete area that some real estae agent are adding 20%margins onto every house they sell .....20 friggin percent! And also dont believe the real estates when they quote that to build you have to pay $600us per metre either that is a crock of s#$t........$600us will be top quality according to my builder. If you just want a basic beach house $350metre will be ample
I personally live not 4 minutes away from a major north coast tourist area (cabarete) where homes routinely go for 250-300kus and up, and condos are priced from 130k and upwards. These prices are insane.....i know of land being sold for $25us a metre (1000mtr block)=25k....then all you have to do is locate a builder which i did and you can have a basic tiled/cinder block beach house built for 300-350sqmtr (i paid this) So if you want a 150sqmtr house its going to cost you
land=27k (including 2k legals/government costs approx)
house = (150metre *350)=52k
plus sanitation pit =1k
miscellaneous cost =allow 3k electrics
architect 4% of building cost =2k approx
total 85k approx
infact i personally paid the following amounts ;
125sq mtr home paid $45k to have it built
500sqmtr land on the beach 18k
legals/architect and miscellaneous additional costs 7k
total paid $70kk 4 mins from cabarete
All i had to do was organise the builder , architect and lawyer.
And yet for sale next to me are homes that have 60sqmetres more and are being sold for $450k.
if your thinking of coming to the the DR dont be fools...use your heads and build......its the cheapest way! Being asked to pay these amounts is bulls#$t there is so much land for sale in the DR priced below $35k come and buy some, build yourself and save yourself a s#$t load of money. I even heard recently from a real estate agent in the cabarete area that some real estae agent are adding 20%margins onto every house they sell .....20 friggin percent! And also dont believe the real estates when they quote that to build you have to pay $600us per metre either that is a crock of s#$t........$600us will be top quality according to my builder. If you just want a basic beach house $350metre will be ample
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