You may think that a private home near the sandy shores of the tropics is a far-flung fantasy, but what if you were told that your paradise could cost you less than what you’re paying for a home right now? The Dominican Republic is a nation of first-world amenities at a friendly price for North Americans. This article will happily illustrate that point, but remember, prices will fluctuate between two markets and a product or service may cost more (or less!) tomorrow than it does today.

The Dominican Peso

If you’re from the USA, your dollar has always gotten you far in the DR, and it gets you farther all the time! A quick look at Google Finance shows a near-constant uptick in the US dollar’s value over the last 20 years. At the time of writing this, that value has never been higher, sitting at a whopping 62 pesos! Canadians will be happy to know that their dollar is in high standing in the DR too, with a more than acceptable exchange rate for living comfortably on this island paradise.

Prices in the Dominican Republic

The Dominican Republic is an inexpensive place to live no matter where you hail from. According to Expatisan.com, living in the DR is 56% cheaper than living in Houston, 63% cheaper than LA, and 80%(!) cheaper than New York City. That leaves you with some serious cash on hand no matter what, but to give you a better idea of how your personal purchases factor into this, let’s do some price comparisons.

• A typical fast food meal will cost you about $7 USD, or $459 DOP. A more robust restaurant meal will come closer to $12 USD
• 1 liter of milk runs you $1.18 USD or $74 DOP
• 16oz of domestic beer is $2.33 in US currency, or $145 DOP
• You can get reasonable modern Internet service for $18 per month or $1,149 DOP, or enjoy a powerful wired service at around $29 USD

Housing

Now that you’ve learned about the Dominican Republic’s affordability, your next question is doubtless “How much does a gorgeous home on the North Beach cost?” You’ll be happy to know that the answer is “Less than ever!” The gorgeous and affordable 2-bedroom Villa Bliss floor plan has just been released, complete with a pool and shaded outdoor area, for $199,700 USD! That’s a piece of paradise for the cost of a cheap condo in the US! And for those inclined to spend for more space, there is a catalog of other floor plans ready for your perusal.

Those of you who are savvy home buyers may have one last question: What are the fees? This will change slightly from person to person, but the average Casa Linda homeowner can expect to pay around $800 per month for all of their amenities and services, including obvious ones like water, power, and internet, but also a shuttle bus, garbage pickup, pool & garden service, and 24-hour security. For other questions about the properties and fees, you can visit the FAQ to learn more.

Take the First Step with Casa Linda

Now that you have the knowledge and resources to make an informed purchase in the Dominican Republic and have seen the beautiful homes that Casa Linda has prepared for you, don’t hesitate to contact us for more info! We’ll see you here soon!