Real Estate in La Romana, the Dominican Republic
Last updated on Jun 11, 2024
Summary: People living in La Romana, Dominican Rep offer advice about real estate. How do you find a home in La Romana? Should you buy or rent? What is the cost of housing?
How do I find a place to live in La Romana?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"To find a place to live in La Romana, Dominican Republic, you can start by researching online on websites such as Airbnb, Booking.com, and local real estate websites like Point2Homes and SuperCasas. These websites will provide you with various options, including apartments, houses, and vacation rentals. You can filter your search based on your preferences, such as budget, location, and amenities. Another option is to join local Facebook groups or online forums where people share information about available rentals and real estate in La Romana. You can post your requirements and get recommendations from locals or expats living in the area. You can also visit La Romana and explore the neighborhoods in person. This will give you a better understanding of the area and help you find a place that suits your needs. While exploring, look for "Se Alquila" or "For Rent" signs on properties and contact the phone number provided. Additionally, you can consult with local real estate agents who have knowledge of the area and available properties. They can help you find a suitable place based on your preferences and budget. Make sure to ask for recommendations from friends, colleagues, or online communities to find a reliable agent. Lastly, consider talking to locals, such as neighbors, shopkeepers, or taxi drivers, as they may have valuable information about available rentals or properties for sale in the area," said one person in La Romana.
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What is a typical expat home or apartment like in La Romana?
"A typical expat home or apartment in La Romana, Dominican Republic, is likely to be located in a safe and secure neighborhood, often within gated communities or residential complexes. These homes are usually spacious, featuring multiple bedrooms, bathrooms, and living areas. They are often fully furnished with modern amenities such as air conditioning, Wi-Fi, and cable TV. Many expat homes also come with a fully equipped kitchen, laundry facilities, and outdoor spaces like balconies, terraces, or gardens. Some properties may even have access to shared facilities like swimming pools, gyms, and playgrounds. The homes are often situated close to essential services, such as supermarkets, restaurants, and healthcare facilities, as well as popular tourist attractions and recreational areas," said one expat who made the move to La Romana.
What is the average cost of housing in La Romana?
If you are thinking about moving to La Romana, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in La Romana, Dominican Republic, can vary depending on the type of property and location. Generally, the prices for apartments and houses range from affordable to luxurious. For instance, a one-bedroom apartment in the city center may cost around $300 to $500 per month, while a three-bedroom house in a residential area could be priced between $600 and $1,200 per month. It is essential to note that these are approximate figures, and actual costs may differ based on various factors," said one person in La Romana.
Should I buy or rent a home in La Romana?
If you have not spent a lot of time in La Romana, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in La Romana, Dominican Republic, depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in the area for an extended period and have the financial means, buying a home can be a good investment, as property values in the Dominican Republic have been steadily increasing. Additionally, owning a home allows you to build equity and have more control over your living space. On the other hand, if you are unsure about your long-term plans or prefer more flexibility, renting may be a better option. Renting a home in La Romana allows you to explore different neighborhoods and housing options without the commitment of purchasing a property. It also provides the opportunity to save money for a future home purchase or other investments. It's essential to consider factors such as your budget, lifestyle preferences, and the local real estate market when making your decision. Consulting with a local real estate agent can provide valuable insights and help you make an informed choice," remarked one member in La Romana.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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