Buying Condo in Sosua

[Rocky]

Originally Posted by DR Mpe

Reading your post... why buy?? Why the hazzle?? I have stayed in both Palms and Trade winds. In Trade Winds the maintenance and electrical bill was very close to what I paid in rent... And then the fridge breaks... ok not my problem... Now I know the rent gone up at i.e. Trade Winds, still better deal for you. My two cents.

Soon there will be a lot of condos to rent in Sosua/Cabarete with all the construction going on...

There's no doubt that renting first has its advantages, but it doesn't suit everyone, and it's easy to go inspect a condo unit at various times of the day and night to be assured of the quiet you want.

As for those condo fees you speak of at TradeWinds, I can't say how proportionate they were to your rent, but as an example, renting my 1 bedroom units to tourists who use the AC a lot more than I would, I average $250 US/month for condo fees, electricity, cable and water.
If I were living there, it would be more like $180 or $190 US/month.
Maybe you managed to rent a unit for that price, but it would be highly unusual.

With regards to condos being built around town, it's always been that way. There's always construction going on as the town grows, and if you were thinking that the prices would drop, I'm afraid that simply is not so.
Prices continue to rise at a steady pace, and if there were no construction going on, then the existing condo's prices would skyrocket.

[DR Mpe]

Originally Posted by Rocky

There's no doubt that renting first has its advantages, but it doesn't suit everyone, and it's easy to go inspect a condo unit at various times of the day and night to be assured of the quiet you want.

As for those condo fees you speak of at TradeWinds, I can't say how proportionate they were to your rent, but as an example, renting my 1 bedroom units to tourists who use the AC a lot more than I would, I average $250 US/month for condo fees, electricity, cable and water.
If I were living there, it would be more like $180 or $190 US/month.
Maybe you managed to rent a unit for that price, but it would be highly unusual.

With regards to condos being built around town, it's always been that way. There's always construction going on as the town grows, and if you were thinking that the prices would drop, I'm afraid that simply is not so.
Prices continue to rise at a steady pace, and if there were no construction going on, then the existing condo's prices would skyrocket.

This was 2-3 years ago, I paid 300 for a period and 350 for another period, no A/C. This was during a period when the electricity bills was extremely high up there - AND this was a long term rate. My point was, I do not see the reason to buy a place, stay there a couple of weeks a year - and then rent it out a lot.. Ok, if you believe prices will go up - buy, I do not know what will happen - lot of condos/houses under construction. Supply - demand bl.a. bl.a

[travelingraysgirl]

Hi there,

I am new to this board as I came across it recently and found it to be a very valuable resource. I lurked and read, but have not come across anything about the Seven Winds in Sosua. It was built in 2006 and is before the Caribe Compo. Can anyone tell me about this small complex?

eg., security at this complex. Also, interested if anyone is aware of any problems there that should make me reconsider this property. eg, management of property, lack of hot water, electricity, crimes, etc.

All information would be greatly appreciated.

Thanks in advance.

[Robert]

Originally Posted by travelingraysgirl

Hi there,

I am new to this board as I came across it recently and found it to be a very valuable resource. I lurked and read, but have not come across anything about the Seven Winds in Sosua. It was built in 2006 and is before the Caribe Compo. Can anyone tell me about this small complex?

eg., security at this complex. Also, interested if anyone is aware of any problems there that should make me reconsider this property. eg, management of property, lack of hot water, electricity, crimes, etc.

All information would be greatly appreciated.

Thanks in advance.

Send an email or PM to Curt Erickson, he knows Caribe Campo very well! He can give you all the good and bad etc.

Email: curt@dr1.com