How I acquired my house in the DR.
I am a 37 yr. young man who is planning to move to DR in 2-3 yrs and retire there on the sale of my home and assets in Canada, and I am trying to find out what my expenses will be, and how to purchase property in a small community preferably in the southwest region.
Any help would be greatly appreciated.
I am planning to retire in 2 or 3 years also. By the end of this year my home should be finished.
I acquired and cleared the land (country side) and slowly began building the house on stages. For each stage to be completed, I ask the builder for an estimate then I send the money. I have a person in the DR (not the builder) who receives the money and keeps record of all expenses (materials, labor). I keep a record too by calling him weekly.
The work stops when there is no money. No bank is involved.
Building materials are not inexpensive but labor is cheap. Of 5 workers, two of them make RD$550 per day, another RD$375 and two helpers RD$350. The builder receives 10% of all expenses.
It might not be the same in more affluent areas.
Hope this help.
