The choice of neighborhood is an increasingly important factor in the buying process. Here are a few tips to consider when browsing the listings.
Here in the Dominican Republic the closer you are to the ocean and beach the more expensive the product. We have the "first line", or premier linea in spanish, products that have no road between the project and the beach or the "second line" or segunda linea in spanish, products across the street from the beach within a 5-7 minutes walk to public accesses.
The majority of these condos that are re-sales will be sold furnished and as is.
Some older projects do NOT have elevators.
All condos in Punta Cana and Bavaro pay monthly maintanence fees which include security, pool maintanence if applicable, gardening, fumigation, garbage removal, and depending on the project, also gas in common and water.
Your lifestyle is as important as the ideal features that you are looking for in a prospective home, making it essential to not only have the details of a potential new home, but also the neighborhood in which it is located and where you may eventually live.
Considerations such as proximity to beaches and the Punta Cana International Airport, amenities, transportation, traffic, rentability, and the surrounding community are all key aspects of selecting the ideal home and location for you and your lifestyle.
Areas to consider for investment purposes and rentals include:
Los Corales- This beachfront community is highly saught after on Airbnb,Homeaway,Travel Advisor and all of the rental portals. Communal projects with pool and beach access, within walking distance to restaurants, markets,shops,pharmacies, touristic attractions and tours all just 1/2 hour from the international airport. This is a very touristic community with high ROIs.
Corticito- Considered the "segunda linea" or second line beach community, this area is located across the road from Playa Matilda, a 5-8 minutes walk from any of the projects located there. This is a HUGE rental area often called "Punta Canada" by those who reside and vacation there. There are 10+ communities to chose from for re-sales as well as projects in construction. Prices tend to be very reasonable and the units are often "turnkey".
Cocotal Golf & Country Club- This is a diverse golf community in the heart of Bavaro surrounding 27 holes of golf course with golf club and pool club, and beach access through Melia Hotel across the street. This is a gated community consisting of condos, duplexes and villas with views of the golf courses. Across the street is also the Plaza Palma Real for shopping and restaurant conveniences. Cocotal does super with both long and short term rentals.
White Sands- White sands is another community in Bavaro that is between Grand Bahia and Uvero Alto, with many hotels in this area but also private gated communities with pools that rent very well at lower prices than the other communities. Some of the beach accesses require transportation or are a 15 minute + walk to the beach.