Dominican Residency 101: What You Need to Know
If you’ve been moving or retiring aboard, there’s no doubt that finances are likely among the top of your concerns when it comes to planning. It’s no secret that your budget plays a huge role in determining where you can settle down, and for many, this aspect of getting ready can often feel stressful.
Fortunately, for those looking to retire in a tropical paradise, the Dominican Republic is the perfect fit! With a low cost of living that makes affordable luxury an easy possibility, you really can have the lifestyle you’ve always wanted, all without pushing your budget too far. At Casa Linda Quality Communities, we know how important it is to feel confident when taking the leap to move abroad. That’s why our team is always here to make sure you have the information you need when it comes to moving to the Dominican Republic! Below, we’ll cover some of the cost of living essentials to be aware of when moving to the DR.
Buying a New Home
Whether you’re planning on relocating permanently or setting up a winter escape, it’s no surprise that everyone’s top priority when settling in the Dominican is ensuring you can find safe, affordable, housing. As we mentioned above, the lower overall cost of living in the Dominican Republic makes it easier to find a gorgeous home, without blowing through your savings. In fact, at Casa Linda, we’re proud to offer exceptional floor plans from as low as $207,300 USD. Affordable living is an easy reality with our community!
Just like you do in North America or Europe, you will need to pay for the standard utilities that come with homeownership, as well as day to day essentials. The good news is, however, that utilities like water, electricity, and even your internet bill are usually significantly less than what you pay back home, with some costs coming in as low as just $50 USD a month! The only difference that you will want to be aware of is that the reality of island life is that power outages do happen frequently. With that being said, the purchase of a backup generator will keep you running smoothly even with little hiccups hit, minimizing your downtime and allowing you to enjoy life as usual.
Groceries and eating out are another one of those daily essentials that you can expect to be quite happy about where your budget is concerned. While places all over the world may have seen a steep jump in the cost of food, in the DR, you can still expect to spend much less than you are accustomed to. From stocking the kitchen to eating out with your newfound friends, your can expect your food budget to be very affordable on all fronts.
Finally, moving is a big life decision, and it makes sense to want to know that you’ll have the care you need when it matters most. Whether you have existing health concerns or like to plan ahead for the future you’ll be pleased to learn that the Dominican Republic has exceptional healthcare that is incredibly accessible, as well as affordable. With state-of-the-art facilities and services available in both English and Spanish, you can rest easy knowing you’ll always have the help you need when it matters most.
Need more Info About Budgeting For Life Abroad?
Contact Casa Linda to learn more about purchasing your dream home in paradise today!