Investment Property in La Romana

Investment Real Estate in La Romana

Investment Property in La Romana
Investment Property in La Romana

La Romana property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of La Romana .

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Search Map of La Romana Investment Real Estate

La Romana (Spanish pronunciation: [la ɾoˈmana]) is a province of the Dominican Republic. The capital is also named La Romana, and is the third-largest city in the country. La Romana was elevated to the category of province in 1944.
File:Catalina Island, La Romana, Dominican Republic. A cruise liner in coast waters of Catalina Isl, approaching the rocky shore. (landscape, view from the shore).jpg
La Romana is also home to Casa de Campo, one of the world’s largest resorts and top golfing destinations, including the Teeth of the Dog golf course. Many international and local artists perform at “Altos de Chavón”, an artistic community and university.

La Romana is a port city ranked as Dominican Republic’s 7th-largest by population (around 130,000, metro around 215,000). The city is located opposite Catalina Island, and approx 80 km (50 mi) from Santo Domingo. Its name comes from a balance used to weigh merchandise for export. Town’s patron saint is Santa Rosa de Lima.

The province as of June 20, 2006 is divided into the following municipalities (municipios) and municipal districts (distrito municipal – D.M.) within them:

The following is a sortable table of the municipalities with population figures as of an estimate on the 2012 census. Urban population are those living in the seats (cabeceras literally heads) of municipalities or of municipal districts. Rural population are those living in the districts (Secciones literally sections) and neighborhoods (Parajes literally places) outside of them.
For comparison with the municipalities and municipal districts of other provinces see the list of municipalities and municipal districts of the Dominican Republic.

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The financial stability of La Romana has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in La Romana

Renting out your La Romana buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in La Romana are – preparation is key.

  • Set goals based on how much rental yield will be required and the local rental yield rates in La Romana and be prepared to change your initial outlook.
  • Thoroughly research the La Romana location with a special emphasis on fringe areas outside the main La Romana metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of La Romana.
  • Ensure that your target investment property in La Romana appeals to professionals. This is a demographic that ensures maximum income and low voids.
  • Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
  • You may think that managing your La Romana properties yourself is an easy option, but are these savings justifiable when you run into La Romana red tape? Physis Realty La Romana office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing La Romana buy-to-rent sector.

With our expert guidance, investing in La Romana provides the secure knowledge that your money is working harder than it would in a local La Romana bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in La Romana, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the La Romana property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in La Romana

Flipping property in La Romana

Flipping property is when we advise clients to buy a La Romana property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the La Romana market has a time to react to the renovation.

The Flipping Strategy in La Romana

Investment property flipping in La Romana is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of La Romana real estate investments are sometimes referred to by professionals as ‘distressed’ La Romana real estate.

What is distressed La Romana property:

  • La Romana property in need of renovation
  • La Romana real estate with a change of purpose and use
  • Oversold La Romana property
  • Bank repossessions in La Romana

Put simply, long term investors in La Romana purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from La Romana investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

La Romana property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in La Romana use a minimum profit value of 22% when looking at potential La Romana projects. The reason for this is because there are lots that can go wrong in La Romana property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in La Romana

For luxury property investors hoping to add a superb property in La Romana to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in La Romana, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in La Romana should be entrusted to only the highest-quality agency.

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