I've been searching the DR market for a couple of years for my retirement home, mainly on the North Coast. The search includes the area starting from Sosua to Nagua. I've seen the same homes for sale in several websites but still available-not sold after several years of listings. Others just appear for a few months and then are gone (sold or not). The asking prices very from reasonable to astronomical... Rumors say it is difficult to sell especially nowadays with the recession all over the world. i realize this topic was entertained before by this board but given the current crisis the real estate market may have changed a bit.
For argument sake, I am looking for a typical; 3 bedroom house on a 1000 M lot, nothing too fancy, located at a "gringo area". Oceanfront not required.
Oceanview would be nice, if possible.
When working the numbers it would appear less costly to build it my self provided I supervise the construction from start to finish (full time job).
Sounds like a better option since I'll build it the way I prefer, use materials and colors I choose, etc. Putting the time into that is the downside.
Having to rent a place to live while the construction is ongoing is another disadvandage. Building can be a hassle, problems can arise at any day...
If you were in my shoes what would you do?
Look for a bargain? Did that.
Built? Should I bother? Is it worth it?
Thanks in advance for your comments (good or bad).
Georgios
For argument sake, I am looking for a typical; 3 bedroom house on a 1000 M lot, nothing too fancy, located at a "gringo area". Oceanfront not required.
Oceanview would be nice, if possible.
When working the numbers it would appear less costly to build it my self provided I supervise the construction from start to finish (full time job).
Sounds like a better option since I'll build it the way I prefer, use materials and colors I choose, etc. Putting the time into that is the downside.
Having to rent a place to live while the construction is ongoing is another disadvandage. Building can be a hassle, problems can arise at any day...
If you were in my shoes what would you do?
Look for a bargain? Did that.
Built? Should I bother? Is it worth it?
Thanks in advance for your comments (good or bad).
Georgios