Canadian Couple Buys a Vacation Home in Punta Cana, Dominican Republic

Episode HHINT-1211H

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Perry and Cheryl Meriot are Edmonton Alberta natives who are sick and tired of the brutal winters there. Perry's job as an Airline baggage handler means he works outside during even the worst weather. After a trip to Punta Cana in the Dominican Republic, the couple decided to save up and buy a second home there. They want a 2 bedroom condo on a 2nd floor in a gated community that's close to the beach. But they have a very firm budget of $150,000 which means they may not be able to buy as close to the beach as they'd like. The first place their real estate agent Sabine Gruss takes them to see is a model unit in a large complex with a big pool. The complex is about 5 minutes walking from the beach. The unit has 1 bedroom and 1 and a half bathrooms in 1000 square feet. It's listed at $115,000 but upgrading to a second floor unit means the price would be closer to $120,000. They like the large patio and the updated kitchen but none of the furniture or appliances are included, so that would be an extra expense. They also want two bedrooms in case they have guests. The second place Sabine takes them to see is a condo in a smaller complex. It's about 10 minutes walking from the beach. The condo is on the second floor, and has 2 bedrooms and 2 bathrooms in 1100 square feet. It's listed at the top of their price range, at $150,000. They like the small balcony but not the view of the countryside or the small pool in the complex. But Cheryl loves the updated kitchen and bathrooms, and having 2 bedrooms is a big plus. The third place they look at is actually a single family home. It's priced at $148,000 and has 2 bedrooms and 2 bathrooms in 1500 square feet. The house itself is older and would need some work in the kitchen and bathrooms. And because it's larger they would have to buy more funriture to fill it up. But it's part of a community with an amazing pool and bar area that both cheryl and perry love. The only other drawback is that it is about a 10 minute drive from the beach. With three interesting options all within their price range, the Meriots' are going to have a tough time deciding which vacation home to buy!

Resources

    • Sabine Gruss, Agent, Trust Realty
      Website: http://www.punta-cana.us/