Welcome to the second part of this presentation about the hidden beach town of Las Terrenas on the North Coast of the DR! More info @ https://realestatelasterrenas.com/
Magarpatta Nova Elegance Mundhwa Pune E-Brochure.pdf
Las Terrenas, best beach town in the DR - part 2
1. T h e T i m e
The authenticity
The diversity of people
Supportive and welcoming community
Security, for the young and old
Laid back vibe
Plenty of things to do (and not stress about)
Sufficient Infrastructure for you to be comfortable
2. T h e M o n e y
Low Cost of Living
Affordable housing: Unique properties at still very affordable prices
Good construction standards
Strong rental market with attractive returns 5 to +10%
Steadily growing real estate market
So to sum it up in one sentence, you can buy smart at good prices, live
and/or rent for attractive returns and if you don’t like it, just sell you property
4. L a n d P r i c e s
USD prices / square feet
Hill with ocean view - 2 -> 7
Walking to the center - 5 -> 12
Walking to the beach - 10 -> 20
Beachfront - 20 -> 50+
USD prices / square meters
Hill with ocean view - 20 -> 70
Walking to the center - 50 -> 120
Walking to the beach - 100 -> 200
Beachfront - 200 -> 500+
5. 70 to 140 usd / Sq ft
700 to 1400 usd / Sq mt
C o n s t r u c t i o n C o s t s
Quality of construction has improved
Experienced developers
Following hurricane safety standards
Labour and Material costs remain affordable
6. C o n s t r u c t i o n S t a n d a r d s ( o f l a r g e d e v . )
Windows: Anti-cyclonic aluminum windows and doors, double glazing, rust inhibiting
paint.
Lighting: Indirect ambient lighting and embedded spotlights.
Floors: Quality imported floor tiles, quality bathroom fittings.
Kitchen: Italian fitted kitchen and appliances including: fridge, oven, stainless steel cooker,
sink and taps, hood vent.
Air Conditioning: Air conditioning and fans in bedrooms and living room, indirect
mechanical ventilation.
Finishes: Craftsmanship-like quality cabinetry and interior woodwork in ciguawood.
7. R e n t a l P r o g r a m a n d H o t e l S e r v i c e s
Pool: You can maximize your profits by sharing the revenue generated by all the apartments.
You still receive revenue even when your apartment is vacant.
Full Management: (renting, apartment maintenance, condominium expense payments, etc.)
to ensure maximum peace of mind.
Generate a return on investment while maintaining the high standards provided by the hotel
8. E x p e n s e s
STAND ALONE VILLA
Insurance 100
Pool (2x/week) 60
Garden (1x/week) 30
Cleaning (3x/week) 90
Internet & Cable TV 60
Water (Inapa) 20
Electricity (with AC) 100
Gas 20
Pick up trash 10
Average monthly costs in USD for a stand alone 3-bedroom
villa with garden and pool (when occupied)*.
490
1BD - 100 -> 150
2BD - 150 -> 200
3 & 4BD - 250 -> 350
CONDO IN GATED COMMUNITY
When in a gated community add 100 -> +
Location - Facilities - Services
9. & R e v e n u e s
13 weeks in high season at 1,500
13 weeks in low season at 1,000
=> 19,500 (high) + 13,000 (low)
= 32,500 Gross
=> 32,500 - 6,500 (20%) = 26,500
=> 490 x 12 months = 5,900
59,400 + 3% (buying taxes) = 1,800
180,000 + 1% (notary fees) = 1,800
20,600 (net profit) / 243,000 (investment)
=> 8.5%
26 WEEKS PER YEAR
20% PROPERTY MANAGEMENT FEE
MONTHLY COSTS
BUYING PRICE
NET
3 BD VILLA
40 to 70 %
AVG. OCCUPATION RATE
10. F i n a n c i n g , T a x e s , F e e s
10% For reservation
30% at the start of the work
25% to the walls built
20% to the rustic roof put
10% upon delivery of the apartment
5% upon delivery of the title
USUAL PAYMENT TERMS
11. F i n a n c i n g , T a x e s , F e e s
ACQUISITION TAX OR TRANSFER TAX
Transfer Tax is set at 3%
LWA 158 CONFOTOUR!
= No taxes on purchase, no taxes on
rentals income for 15 years, no taxes on
furniture purchased (ITBIS 18%) and no
annual taxes (IPI 1%).
NOTARY FEES
1% to 2,5 % of the property value
REAL ESTATE FEES
Payable by the seller
Between 4% and 6%
15. W h y ?
YOU CHOOSE
AND RELAX WHILE
WE BUILD YOUR DREAM HOUSE
YOU CHOOSE
AND RELAX WHILE
WE BUILD YOUR DREAM HOUSE
THE STYLE OF YOUR VILLA
THE NUMBER OF BEDROOMS
THE UPGRADES
THE LOCATION & LOT
19. E x a m p l e
Example with our client Allan who is interested
in buying a property in the DR for the first time.
He is looking for a place to spend a few weeks
per year in the sun, to enjoy at least 5% return
on his investment and confortable enough to
eventually retire later on.
LOT 1 (US$ 59,400)
A 3-bedroom villa (US$ 210,000)
= US$ 269,400
Here is what happens next for him...
Lots prices range from US$ 59,000 to
81,000 according to their size.
See All
20. H o w - F i n a n c i n g , t a x e s & f e e s
ACQUISITION TAX OR TRANSFER TAX
(on the value of the land only)
Under Law No. 288-04, Transfer Tax is set
at 3% and must be paid to the Tax Authority
(Direccion General de Impuestos).
NOTARY FEES
Notary fees for all documentes and research
are from 1% to 2,5 % of the property value.
REAL ESTATE AGENT FEES*
Payable by the seller, the real estate agent´s
fee is negotiable and typically varies
between 4% and 6% of the final price.
LAND
10% of the land value to reserve the lot
90% at the reception of the title
VILLA
30% WHEN CONSTRUCTION STARTS
30% UPON COMPLETION OF PHASE 1
35% UPON COMPLETION OF PHASE 2
5% AT DELIVERY
Delivery of the title: 3 months
Permit to build: 3 months
Delivery of the villa: 9 months
Time of the delivery of your home will depend on the lot
you will have chosen. Some lots have permits and are ready to build others
are in process of obtention. Max 15 months.
21. F l y & B u y - N o C o m m i t m e n t s
3 NIGHTS
FOR FREE
YOU ARE INVITED TO DISCOVER
OUR PARADISIAC BEACH TOWN
Looking for a new place to live and invest in?
Come and see if Las Terrenas in the North
coast of the Dominican Republic is the right
place for you.
22. Stay in a private room in a beachfront penthouse
Hot Water
Full beds
Towels
Air conditioning
Cable TV
WIFI
3 night stay in a private bedroom of a beachfront Penthouse
3 meals per day
Transport while touring properties and the town
Tour of selected properties
Courtesy meeting with lawyer
Tour of the town (shops, restaurants, and main services)
Bonus fun activity (zip lining, horseback riding, diving, or kitesurfing)
info@realestatelasterrenas.com
Note: *If you wish to stay longer or bring more people, you book one of the bungalows from
the same property. Just let us know in advance and we will provide you with price and
availability.
* This offer is subject to availability
WHAT IS INCLUDED
www.realestatelasterrenas.com
23. GUIDE OF NEIGHBORHOODS & COMMUNITIES
REAL ESTATE INSIGHTS ON AREAS, PRICES
OWNERSHIP COSTS, PROVEN & PROJECTED ROI
TESTIMONIALS FROM PREVIOUS BUYERS
REAL ESTATE GUIDE
PRACTICALITIES OF MOVING, LIVING & RETIRING
CURATED HOT SPOTS LIST
IN-DEPTH STORIES FROM EXPATS
LIVING GUIDE
THE SHORTLIST
1HR ORIENTATION CALL WITH AN AGENT
1 NIGHT IN OUR BEACHFRONT HOTEL
DISCOUNT RATE FOR EXTRA NIGHTS
PROPERTY RESEARCH
VISIT OF SHORTLISTED PROPERTIES
LUNCH IN TYPICAL RESTAURANT
1HR MEETING WITH AN EXPERT
1 NIGHT IN OUR BEACHFRONT PROPERTY
DISCOUNT RATE FOR EXTRA NIGHTS
PROPERTY TOUR
REQUEST ONLINE
START PLANNING
THE 5 KEY STEPS OF A REAL ESTATE PURCHASE
THE DUE DILIGENCE PROCESS
TAXES AND EXPENSES
PROPERTY TAXES
PURCHASE & INHERITANCE
BUYING GUIDE
REQUEST ONLINE
US$4.99 / US$19.99
FROM US$ 0.00
FROM US$ 0.00
FURTHER RESOURCES
24. Follow us online
PLAN A CALL
WITH AN AGENT
info@realestatelasterrenas.com
W W W . R E A L E S T A T E L A S T E R R E N A S . C O M
If you want you have more questions, want to start planning a trip down here to
come and see for yourself what is Las Terrenas all about you can reach us at:
+1 (829) 324-6035
we are waiting
for you
Thank you for your time