The most asked question is “What are the Maintenance (HOA) Fees?”.
The cost of homeowner maintenance fees depends on the area within the Dominican Republic, and in addition, the specific project within that area. It also depends on property type, for example Condominium or Private Villa. Generally speaking, HOA Fees range between $2 to $3 usd per square meter. As an example, a 100 square meter condo may have maintenance fee of $200 a month.
Note that some properties on the north coast of the Dominican Republic may have a year or two of prepaid maintenance fees included in the price. Using the example above of 100 m2 and a $2/m2 for HOA fees, this equates to $200 a month or $2,400 per year. If a seller agrees to prepay condo fees for a buyer, $4,800 would be credited to the buyer at time of closing.