Construction & Land

When considering buying a Lot for building your own home or as an investment for the future, it is wise to consult an expert on various areas. We can on your behalf research and source both listed and unlisted lots suited to your requirements. This can be done whilst you are over here or if necessary on your behalf in the case of larger investment groups/hotels/consortiums.

Land

All land sold in the Dominican Republic is sold in square meters. A square meter is 10.76 square feet and there are approximately 4,000M2 per acre.

Most building lots usually start at around 800 - 1,000M2 and can rise to 10,000M2 for a single dwelling. Land costs depend greatly on the location and size; it is almost impossible to offer a guideline, however the following examples may offer some form of guide:

Perla Marina (gated) from US$40.00 – 60.00/M2 – Minimum lot size 800 – 1,000M2 El Choco (gated) from US$12.00 – 25.00/M2 – Minimum lot size 10,000M2 Lot (non-gated) from US$20.00M2 – There is reasonably no minimum or maximum size. For a non-gated lot we would recommend a minimum of 2,000M2

For a reasonable sized lot in a good gated development you should look to budget around US$50,000

Normally beachfront lots have a premium attached, while you would expect to pay less for a sea view in the hills.

It seems that as with the ‘building trade’ worldwide there are builders and there are builders. We have been in the real estate business since 1986 in the Dominican Republic and our local knowledge is second to none, therefore we are confident of being able to offer you a number of local building firms that can build your home to a high standard, within budget and on-time.

Construction

In the Dominican Republic homes are generally constructed of reinforced concrete block on a reinforced concrete slab with a tiled roof. This generally accepted to withstand whatever nature has in store.

Prices will vary dependant on the design type and level of finishes, however the following will offer guideline prices in US$ per square meter and US$ per square foot.

For a reasonable quality build in a simple style, US$400/M2 or US$40/ft2 would be reasonable; while for more luxurious finishes and a more detailed design the price would probably rise to around US$600/M2 or US$60/ft2.

The above prices usually include a generator or an inverter, standby water tank, all white goods, finished bathrooms and kitchen and a level of furnishings. It excludes the swimming pool and landscaping.

Swimming pools costs vary based on deign and size from US$10,000 to US$20,000 inclusive of filters, pumps, etc.

Landscaping would normally start at around US$5.00 per square meter or GBP3.00 per square meter.

Most gated developments have a small monthly charge for security and public area lighting