You probably only have around $150,000 and are planning to move to the Dominican Republic because you got the job of your dreams. That’s not a big problem, because you can get the best housing with the value of the savings. Just visit https://www.puntacanaestates.com/property-type/villa/ to have a look.
If you only get a condominium-type residence, there’s no need to be discouraged, because you also still get the following benefits.
Condos, in general, are equipped with staff and security systems. Especially condominiums that are designed with a one gate system and install CCTV in various corners of the building. If you live on a high enough floor, cases of theft are even less common. Meanwhile, at home, theft cases are more common. If you want to add staff and security systems, you also have to spend more.
Condo managers, in general, provide routine maintenance services. As a result, the environment where you live always looks clean. Waterways, gardens, swimming pools, fitness centers, all of which you can enjoy without the hassle of taking care of them. However, this facility is certainly not free. You have to incur additional fees that are billed by the manager each month. In contrast to the residential environment, the cleanliness of which depends on the initiative of each homeowner. Only some of the facilities are treated by the manager, while others are not.
Rules & Association
Although it has many advantages, living in a condominium is not as easy as staying at home. You must comply with the rules set by the manager, for example, prohibition of keeping pets, not being noisy until other residents are disturbed, and so on.
As an investment instrument, a condominium is suitable for you to rent with a promising profit. Especially if your condo is strategic and has an attractive concept. By renting it out for two or three years, you can get significant benefits.
Although strategic, condominiums have a limited area—very different from houses. Your area of creativity in decorating and buying furniture is definitely not much. If you live alone, of course, this is not a problem. But if you have a family, the size of the condo can be a problem in the future. However, this does not mean the other benefits you get are useless. Choose the best type that is your dream.