My wife and I are in the midst of remodeling our house and I’m totally ready for the end of the project. I have a few questions that I would like to have answered before the job is complete.
What a big question! We are about to move into a brand new house in Puerto Rico and we are not sure what the most expensive house in the island is.
First of all, I’m not sure what you mean by “most expensive house in the island.
It’s a relative term here in Puerto Rico, as the cost of real estate is not what it is in the U.S. or any other country. Most expensive means a house that is “more expensive” than the average house in Puerto Rico. The average price of a house in Puerto Rico is around $280,000. A home here can easily go for $1 million. Most expensive does also mean a house that is very expensive or very expensive in price.
A house here in Puerto Rico can go for more than 3 million. So you would have to be either rich or very rich (or both) to have a house here that is that expensive. Most expensive means very expensive in price, and is used to describe a house with an extremely high price tag.
Many houses in Puerto Rico are priced that high because they were built in the ’70s and ’80s. This is the last decade before the island became a part of the United States. Most of the houses are built of materials that are either old (as in the past) or very cheap (as in the current) so that they can be cheap and easy to build. The only way to build a house is to build it as cheaply as possible.
This makes it very hard to say for sure how much a house should cost, but it’s a lot. As we’ve discussed before, the more expensive a house is, the less value it has in a market that’s been flooded with cheap ones over the last few years. The problem is that Puerto Rico has one of the most expensive property tax systems in the entire Caribbean Island.
In a market with such a high tax rate, building a house is almost impossible to justify. Its a lot harder to get a foundation or a foundation board than it is to get a roof and a water wall. And since the island is so small, its very difficult to get a whole lot of construction materials.
The problem is this, but with a little more caution you can probably still build a nice house. However, it’s not as easy as it sounds. Buying a house in Puerto Rico is a lot like buying a house in Europe. You don’t have the same easy access to the big cities and the good neighborhoods. If you want to go into Puerto Rico, you have to make the best decisions you can.
Like I said, Puerto Rico is a very small island with very little money to spend. The only real good investments are in the big cities and the good neighborhoods. The best places to go to for a new construction home in Puerto Rico are in the San Juan and Caguas areas. These are the areas where some of the largest developments are happening, and these areas have the most affordable deals to purchase new construction homes.