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Resale v. Pre-construction

FatCarib

Greetings all,


My name is Wil. I am new to this forum & am very pleased that such a resource is available. My wife and I (from US) have been in the DR 3 times in the last 24 months and love the North coast. We stayed last year in Casa Linda (Phases 7-9) and now plan on purchasing a villa in that community within the next 9 months. We are thinking about using the Villa (new built or resale) mainly as Airbnb for a few years until we move there on an ongoing basis in the next 4-5 years. We like the 3-bedroom Sunseeker model. However, we are not sure if we should purchase a pre-construction 3 beds Sunseeker or a similar style on the resale market in CL.

We are familiar with phases 4-9. We also noticed that Phase 12 surprisingly still has some lots available (a bit more now than 10 months ago).

Should we be concerned that lots are moving at a noticeably snowed pace in CL? Are there any  incentive being offered on buying pre-Con? What is usually the ratio between asking price & offered/accepted price  on the resale market in CL?  How rentable on Airbnb are resales in the already established Phases (4-6)? What would be the best route Pre-con or resale for someone with the intention of moving there in 4-5 years? Any suggestion &/or concern will be greatly appreciated. Thanks all.

See also

Real estate listingsLiving and accommodation on the South Coast of the Dominican RepublicAccommodation in La VegaLiving and accommodation in the up and coming Southwest of the Dominican RepublicBuying property in the Dominican RepublicReal estate agencies in Dominican RepublicReal estate brokers in Dominican Republic
Bhavna

@FatCarib Hello and welcome !


Please note that you had already opened a similar thread here : https://www.expat.com/forum/viewtopic.php?id=1041961


Can you please post your questions on the same thread ?


Thanks in advance

Bhavna


[Topic Closed - multiple thread]

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