Frequently Asked Questions
BUYING PROCESS AND COSTS
What other costs are there when buying a villa?
Buyers are subject to legal fees, which are generally 1 to 1.5% of the purchase price. This amount includes all disbursements, due diligence and transfer of title. Additionally a 3% transfer tax (to transfer the title of the property to their names is incurred by the purchasers. The amount is based on the government assessed value of the property, which is always less than market value. Most buyers pay from $2000-$6000 US (depending on purchase price).
What monthly fees will I have to pay?
Owners pay a Subdivision Fee to Casa Linda. This fee is between $200-$350/month US, depending on size of lot. The fee includes security, outside maintenance of common area/lighting, office, garbage collection).
How much is housekeeping and garden/pool service?
These fees vary by days per week service is needed, size of villa, yard and pool. We are happy to send you the full outline of costs for these services.
How much are property taxes?
A 1% annual tax is assessed on real estate properties owned by individuals, (based on the cumulative value of all the properties they own) as appraised by government authorities. Properties are valued without taking into consideration any furniture or equipment to be found in them. The 1% is calculated only for values exceeding 6,858,885.00 DOP (about $150,000). For unbuilt lots, the 1% tax is calculated on the actual appraised value without the exemption. The real estate tax is payable every year on or before March 11, or in two equal instalments: 50% on or before March 11, and the remaining 50%, on or before September 11. The amount of the exemption is adjusted annually for inflation. The following properties are exempt from paying real estate tax: (a) farm properties; (b) homes whose owner is 65 years old or older, and has no other property in his or her name; and (c) properties owned by companies, which pay a separate tax on their company assets.
Do foreign buyers have the same rights as Dominicans?
Yes. There are no restrictions on foreigners purchasing real property in the Dominican Republic and they have the same legal rights as DR citizens.
Will I fully own my villa?
Yes, real estate in the Dominican Republic is fully titled to the purchaser. There is no bank trust or life lease. Property is registered to buyers either in their personal names or corporately, depending on how they have structured their purchase.
How much will it cost to furnish my villa?
This can vary greatly by personal taste. A good rule of thumb is to use 10-15% of the villa cost to furnish. This will include everything in the home including electronics, pool equipment, furniture, kitchenware, appliances, linens, window coverings, etc. We are pleased to recommend several excellent decorators in the area.
RENTING
How much does Casa Linda charge to rent my villa?
Casa Linda charged 20% of rental rates. This fee in includes marketing of your villa, onsite office/front desk staff, Concierge/Travel Planner, shuttle bus service, check ins/outs, management of villa. We also charge a $66 /month fee to pay all the bills and another $60 to file taxation information.
What is a turnkey property?
In order to rent your villa, it must be completely furnished and stocked with things like dishes, linens, appliances, kitchenware, electronics, etc. Basically, turnkey means that when a renter steps into your unit, everything they need for their stay is there, minus their own personal items. Casa Linda can provide you with the list of turnkey items necessary to be in our rental program.
Do I have to supervise the rentals?
Most of our owners are absent from the DR for many months of the year (this is why they rent their units). Rental has to be simple and work free. Owners expect the process to work without personal supervision or effort.
MISCELLANEOUS
How far is Casa Linda from the beach?
Sosua and Playa Alicia’s beaches are less than five minutes away by car. Cabarerte Beach is 10 minutes. Our comlimentary shuttle bus goes to them several times per day.
What is lock up and leave?
This simply means that when you lock the door and go to the airport, your property will be taken care of in your absence. Casa Linda will ensure your villa is kept clean, in good repair and is watched. You will be charged repair fees for maintenance fixes, monthly cleaning fees, etc.
Where can I shop?
Almost all major North American brands available in the towns of Puerto Plata, Sosua and Cabarete. Big box stores like PriceMart (Cosco), Ikea, and La Sirena (Walmart) are a short drive away in Santiago or Puerto Plata. Sosua and Cabarete have large grocery stores and other shopping, including furniture stores and housewares.
What is legal drinking age?
18
How much do I tip?
10% is customary but this amount is often included in your bill. Look
What is the currency?
The Dominican Peso (RD$) is the official currency of the Dominican Republic. You can find the peso exchange rate for several international currencies at www.bancentral.gov.do/tasas_cambio/TMC4001.PDF
Major credit cards are accepted at most tourist locations, but it is best to check in advance at small hotels, restaurants and shops.
ATMs are located in almost all of the Dominican Republic’s cities, as well as at most resorts. Large supermarkets have ATMs that are open until late.
THE DR
How long am I allowed to stay in the DR?
You can stay 30-days per visit without having a residency permit. Residency is a simple process involving paperwork from your home country showing income, health, a criminal record check, birth certificate, etc. The process must be started in your home country and completed in the DR. We are happy to provide a referral to a local law firm which handles residency.
What is the size of the country?
The Dominican Republic is slightly less than 19,000 square miles in size, about twice the size as the State of New Hampshire.
Is the government secure?
Yes. The DR has a long term democratic government. The system is similar to that of the United States. The government is foreign investment friendly, working at long term programs for education, investing in infrastructure and technology
Is it safe?
The Dominican Republic is a safe country. The same caution you exercise in your home country should be used here. All countries have their good areas, and others where you don’t go. Our advice is to act the same as you do at home. Don’t let your wallet hang out in tourist areas, lock your car, don’t flaunt valuables, etc.
Does the DR get hurricanes?
Parts of the country do; however, the Sosua/Cabarete area has never had a recordable hurricane.
What is the weather like?
The weather remains tropical year-round, with slight variations. There is little difference between winter and summer temperatures with July averaging at 82ºF (28ºC) and January at 76ºF (23ºC). Cooler season Is from November to April, with what is considered pleasantly warm weather, relatively low humidity and low precipitation. The temperature hovers fairly constantly around 28ºC (80ºF) during the day and drops to around a comfortable 20ºC (68ºF) at night. December and January are the months to expect
rain and it can be heavy, although brief, and usually overnight. Warmer season is approximately from May to October. Average temperatures rise to 31ºC (87ºF) during the daytime and drop to about 22ºC
(72ºF) at night.
How many airports are there?
There are eight major airports and several regional airports as well. The closest international airport to Casa Linda is Gregorio Luperon (POP) and it’s 15-20 minutes by car.
What are the entry requirements?
Canadian, American, and EU citizens require a valid passport that is valid until the date of expected departure.
What is medical care like?
There are no long waits and the medical staff are well trained with many English speakers. Specialists are
called for additional services when necessary. For emergency medical care or health problems that require a hospital, in the Puerto Plata area there are two very well equipped private clinics. For major procedures, Santiago offers hospitals that easily rival North America or Europe for services and care. Locally, Cabarete Medical Centre, is a hospital that opened summer of 2009. This first rate facility has specialists from all over the world, as well as a state of the art hospital facility and diagnostic services. It is located just outside Sosua. Ambulance service is also part of this facility.
How much does health insurance cost?
you may be covered by either your own private insurance or travel insurance. However, if you live here full time or even a greater part of the year, then it is wise to purchase insurance from a DR provider. There are several levels of medical plans to choose from. An average cost for excellent medical/dental care is $700-
$1,500/year US for a family plan (depending on coverage chosen). This will cover you for most medical/dental visits, procedures. Some plans have a small co-pay cost, but is dependent on the one that you choose.
Do I have to speak Spanish?
Most owners speak no Spanish when they first buy – you can easily get buy without it. English is spoken at hotels, restaurants, shops, hospitals, law firms, banks, etc. Over time, it’s a good idea to pick up some key phrases. There are many online courses and local Spanish schools.
What type of power?
The electrical supply in the Dominican Republic is based on the US system, 110 and 220 volts at 60Hz.
Can I drink the water?
Tap water in the DR is normally safe to use for cooking, washing clothes and bathing but not for drinking. Drinking water is available in 18 liter or 5 US gallon containers, and is cheap at around US$1 per container. Many people purchase a water treatment system for their villas so the water becomes potable. $2500 US.
Can I bring my pet?
Yes. Some proof of vaccinations will be required.
