Owning real estate property in the Dominican Republic is a smart investment for foreigners seeking a second home, retirement haven or investment opportunity.
The Caribbean island has all of the elements that a retired person, families, adventurers and investors are seeking with its developments in infrastructure that make for easy living. Sunny beaches, lively local culture, exciting water sports, impressive mountains, and coasts, make this island an irresistible option for year-round lifestyle.
An established expat community means amenities and services are available that you won’t find elsewhere. The diversity of the tourist market is impressive as well. Both are sizeable and continue to grow.
• PROPERTY INVESTMENT:
Invest in a place of your own, and your monthly living costs would be significantly less. This is a realistic and appealing option, as property prices in the Dominican Republic are a bargain, certainly relative to elsewhere in the Caribbean.
• Not Ready To Retire? The red carpet awaits investors and entrepreneurs too. Make money on an affordable real estate property with a superior ROI (Return on Investment).
For long-term planning, we can advise on the best investment for cash flow-positive properties that earn you extra income. Vacation rentals by owners are very profitable and a great way to make an investment.
As an established and reputable real estate agency, One Click Cabarete provides property management services so although you are living abroad, you can convert your property into a vacation rental investment, or rent out on a mid to long term basis. You can use this money to pay your mortgage/ loan or other payments. Renting will cover a good portion of the payments, and/or all your cost of ownership expenses (maintenance fees, electric, gas, cable TV, homeowners insurance, property management fees, and repair costs) which we will professionally manage for you.
We treat your tenants fairly, and with respect which goes a long way towards keeping good relations with them, reducing your hassles if there is an issue you need to address while away. Suitable and well-maintained properties rented for as long as possible to decent credit profile tenants will be handled for you by OneClickCabarete.com.
Rental property can provide income for you to use 2-3 times a year as your second Caribbean home if you so choose. It is strongly encouraged to seek local, trustworthy and reputable property management to assure your property investment is well maintained and secured. OneClickCabarete.com ensures that your vacation guests or tenants are happy.
MORTGAGE RATES AND PROPERTY TAXES:
Banks in the DR have had excellent financial stability because they are affiliated with the World Bank and not primarily dependent upon one, or just a few countries. Popular Bank is the largest branch in the DR. Other strong banks are Scotia Bank (also in Canada), and BHD Bank. Mortgage bank rates are directly tied to the real estate market and since most properties in the DR are purchased with majority cash, there are not many short sales or foreclosures, thus the bank rates remain more consistent. Real estate throughout the DR is still very affordable compared to most Caribbean destinations and values are holding steady.
OneClickCabrete.com is responsive and reliable, here to coordinate the many details of a sale directly with the bank representatives and other professionals in order to keep the process moving within a reasonable time frame.
A successful sale or purchase requires a successful plan. We have a well-established base and are prepared to sit down with you at the moment you decide to do that. Selling or buying a home is one of the most important financial decisions you can make.
Normally, one’s home is their most valuable asset. There are key ingredients in devising a marketing strategy that will help ensure that you receive the full financial potential available to you through selling. In addition, that same well-planned strategy can minimize the amount of time your home is on the market.
It is always advised to secure the assistance of a knowledgeable, reputable, and responsible agency in order to secure a fully executed contract and title when purchasing your home. OneClickCabrete.com is here for you.