So, you’ve finally decided to take the plunge and invest in real estate in Cabarete. Congratulations! But whether you’re a military veteran, retired couple, or young family looking to put down roots, there are a few essential things you should keep in mind before buying. Dive in with Casa Linda, as we explore our top insider tips for buying your home in the Dominican Republic.
1: Thinking All Beach Towns Are the Same
Cabarete is different from other beach towns in the Dominican Republic. It’s a global water sports destination and will have several popular tournaments and events throughout the year. Despite that, it also has a strong veteran and retiree expat community—it has both a lively and authentic feel to it. You’ll have a much different experience living here than in Puerto Plata or Punta Cana, so plan accordingly!
2: Not Having a Trusted Real Estate Lawyer
Buying real estate in Cabarete, or anywhere in the DR, is relatively straightforward. Unlike many other countries, there are zero restrictions for foreigners. But you’ll still need a lawyer for several parts of the buying process, like the contract and deed of sale. These documents will need to be drafted in Spanish and then translated into English.
A reliable real estate attorney will both protect your interests and ensure the process goes smoothly. They’ll also be a welcome source of advice to help you understand the fees that go into the buying process, like closing transfer costs and smaller deposits.
3: Assuming Financing Works the Same as in the US
While smaller down payments are common in the United States, banks in the Dominican Republic generally require larger down payments from foreigners. While it varies from property to property, this amount is typically between 30% and 50%. Though, as real estate in Cabarete is generally more affordable than options in the US, a larger down payment tends to be a fair trade-off.
4: Buying Without Visiting the Property
While photos and virtual tours can help, they don't substitute for visiting the property location and community. While it is an additional expense, being able to walk around, talk to locals, see amenities, and get the overall experience is truly essential.
Not to mention, if you’re purchasing a pre-construction home, you’ll also need to choose the lot before it’s built. Making a trip before buying real estate in Cabarete allows you to make a fully informed decision, especially when considering orientation, shaded areas, and location to other amenities.
5: Forgetting About Resale & Property Rental Options
If you’re not yet retired full-time, or are simply wanting a seasonal retreat during the colder months, one of the best ways to make passive income is through renting out your property. During event season, there's a high demand for rentals, making it an indispensable perk!
Fortunately, some real estate communities in Cabarete offer short-term rental management by teaming up with professional hosts. They take care of everything for you—from ensuring the property is cleaned and maintained, to listing it on popular rental websites, like Airbnb and VRBO.
6: Not Considering Property Management
Along those same lines, it can be easy to overlook the necessity of efficient property management. But the truth is, they become your trusted day-to-day partner. From ensuring your property is fully secure to ensuring housekeeping and maintenance, property management is essential to keeping your home running like a well-oiled machine.
Real estate in Cabarete is more than just a home. It’s an investment that deserves care and protection. Professional property management, like the services offered by Casa Linda, is one of the best tools to ensure as much.
Casa Linda’s offered services include:
- 24/7 property surveillance
- 24/7 guest services office
- Home Maintenance (housekeeping, appliance care)
- Outdoor upkeep (pool, landscaping, garden)
Gated Community, Ungated Living
Let’s face it: there’s a lot to keep in mind when buying real estate in Cabarete. From lot sizes to custom landscaping and community amenities, there’s no shortage of considerations! Fortunately, we’re here to help make your homebuying journey effortless and stress-free. At Casa Linda Quality Communities, we offer breathtaking villas at affordable prices, complete with high-end amenities and an inclusive community.
Contact us today to get started on finding your dream home on the sunny, dreamy coast of the Dominican Republic.
