However, it is important to research the developer, prioritize quality, and evaluate the long-term value of the properties.
By Pedro Ardón
El Inmobiliario
SANTO DOMINGO – With over 22 years of experience, businesswoman and real estate agent Alexandra Núñez shares key strategies for those who want to invest wisely in real estate or start a successful career in the competitive real estate market of the Dominican Republic.
Núñez, with extensive experience in various real estate agencies, created Techo Real RD in 2019, with the goal of building a professional team that not only guides investors but also provides growth opportunities for new real estate advisors.
“Our core values, such as humanity, commitment, and professionalism, allow us to provide a transparent and reliable service. Everything we do is based on solid principles that foster lasting relationships with our clients,” he says.
For Núñez, investing in real estate in the Dominican Republic is one of the best financial decisions, although he points out that it must be done in an informed manner. Below, he shares some of his key advice:
Thoroughly research the developer . “It’s crucial that investors thoroughly investigate the developer’s track record before making any decisions. Make sure you know their previous projects, their reputation, and the reliability of their delivery deadlines. The risk of a scam is real, and choosing the right developer is the first step to ensuring a safe investment,” he advises.
Don't be fooled by the low price. "While price is an important factor, it should never take precedence over the quality of construction. Opting for a low price can mask structural deficiencies that will translate into unforeseen expenses in the long run," warns Núñez, who emphasizes that financial decisions should be made with full awareness of future costs.
Think about long-term value. "It's key to identify properties in areas with high growth potential. Expanding areas not only offer a better quality of life, but also increase the value of the investment over time," suggests Núñez, emphasizing the need for a long-term strategic vision.
Confirm delivery times . "To avoid surprises, make sure that delivery times are realistic and clearly stated in the contract," is one of the points that Núñez insists should be an integral part of any purchase agreement.
According to the real estate consultant, the real estate market is not without its challenges, including a lack of regulation in the sector and economic uncertainty. Therefore, she believes that addressing these challenges requires continuous training and collaboration with reliable partners who can guarantee a safe and professional environment.
“As real estate agents, we must be trained and prepared to adapt to constant changes. Regulating the sector is an urgent issue, and we must work together with reputable developers to ensure investor protection,” he emphasizes, setting the ideal goal as creating a trustworthy environment for buyers.
For new students
Alexandra also offered guidance for those wanting to enter the real estate sector, emphasizing the importance of proper training. “Training is the foundation of a successful agent. The market is constantly evolving, and only those who continuously update their skills and learn can stand out in this industry,” she stated, stressing the need to always stay ahead of the curve.
Furthermore, he emphasizes building trust and strong networks: “Successful real estate agents don’t just sell properties; they create long-term relationships. A good agent is one who has the ability to connect people and offer them solutions tailored to their needs.”.
Alexandra Núñez concluded with an optimistic message about the future of the real estate market in the Dominican Republic: “Despite the challenges, the Dominican Republic’s real estate market remains one of the best investment opportunities in the region. With the right approach, ongoing training, and strong professional relationships, both investors and agents can achieve success and thrive in this dynamic sector.”.
