Don't invest more than you're willing to lose.No, I've done some additional checking and the company is registered appropriately and money is being held in a fiduciaro so I'm thinking of taking one for the team.
Don't invest more than you're willing to lose.No, I've done some additional checking and the company is registered appropriately and money is being held in a fiduciaro so I'm thinking of taking one for the team.
Thanks for the advice. I'm definitely taking heed. My lesson learned is get the contract up-front, expect it to be bad than just walk away. I think for most people property ownership is overrated just rent seems to me the sentiment. I have family ties here so if this doesn't work I think I'll just get a solar and build something will a large wall around it jajajaja.Don't invest more than you're willing to lose.
I have family ties here so if this doesn't work I think I'll just get a solar and build something will a large wall around it jajajaja.
That's not an bad idea. You can save a lot of money when build by yourself. The most important thing to do this is to get the right solar with all his papers in the right locacion. You can build your house like you want and for your needs. All real estate for sale here are overpriced, especially in tourist areas. I never bought a house o apartment, I build them by myself and spend much less money to do it. And when you have dom. family in your back it will get much easier.
And you can build a nicely appointed house for 2 million pesos. I've seen many for sale with walk-in closets, nice fixtures, wood doors, etc. for slightly more than 2m.Well it's not so difficult to calculate the construction price without going in details. For standard construction you calculate 20000 pesos per square meter, so a 100 sq meter house cost you about 2 million pesos. The costs rise up with the finishing of the house, so when you want luxury tiles, kitchen, bathroom and so on, you can spend a lot more money.The building permits and mostly the salary of the architect are not included in this price.
And you can build a nicely appointed house for 2 million pesos. I've seen many for sale with walk-in closets, nice fixtures, wood doors, etc. for slightly more than 2m.
35,000 USD???
I would not recommend it to anyone either. That being said. Look at my name. No stranger to risk.I would never recommend to anyone to buy preconstruction down here. Too many horror stories.
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It's not for everyone but if you also know the right people in construction, a great, reliable and recommended maestro, it's not that bad. My experience and of course yours may vary. I'm related to one and he's not let me down or scammed a peso.
You have to be capable of oversite, be patient, have the big stick connection and be prepared for setbacks but that's not necessarily different than in North America and I bet in Europe too. There are many of the same pitfalls for buying preconstruction out of the DR.
If you can find an affordable house you like then by all means buy it but if like me you prefer to build there are lots of benefits. Cost, control, getting what you want and not having to adapt.
I'm always looking for interesting property and if it happens to have buildings in any shape that's a potential benefit and bargaining chip.
Or you can go buy in a gringo enclave, gated community and live in isolation. Not MY cup of tea but it may just be yours. No judgement here.
Is this maestro someone you're willing to recommend to me? Want to build something in the east side of the country and still collecting contacts.It's not for everyone but if you also know the right people in construction, a great, reliable and recommended maestro, it's not that bad. My experience and of course yours may vary. I'm related to one and he's not let me down or scammed a peso.
You have to be capable of oversite, be patient, have the big stick connection and be prepared for setbacks but that's not necessarily different than in North America and I bet in Europe too. There are many of the same pitfalls for buying preconstruction out of the DR.
If you can find an affordable house you like then by all means buy it but if like me you prefer to build there are lots of benefits. Cost, control, getting what you want and not having to adapt.
I'm always looking for interesting property and if it happens to have buildings in any shape that's a potential benefit and bargaining chip.
Or you can go buy in a gringo enclave, gated community and live in isolation. Not MY cup of tea but it may just be yours. No judgement here.
Gramps has left the building, Dalethefarmer.Is this maestro someone you're willing to recommend to me? Want to build something in the east side of the country and still collecting contacts.
I wouldn't guarantee that anyone else will re-start the project. At the entrance of the estate where I live in Cabarete is a huge development of many apartments, which had stopped construction when I arrived here eleven years ago. It looks so nearly finished with glass in the windows etc. But not a thing has changed up to now. The people who invested pre-construction are still in dispute as far as I know, but it seems very unlikely they will ever see a peso back. Meanwhile, all the money and work that went into its original construction would appear to have been wasted, and it seems nobody can finish it off.I'm sure at some point someone will re-start this project and start selling units for more money but i'd never use trust this company again.