Coming Home: What Puerto Ricans in the Diaspora Should Know About Buying Property on the Island 🏝️🇵🇷

For many Puerto Ricans living stateside, the dream of owning a home on the island is about more than real estate — it’s about coming home. Whether you’re looking to retire, invest, or simply create a place to return to with family, buying property in Puerto Rico allows you to reconnect with your roots while building something lasting.

But the process has its own rules and surprises. Here are five key things the diaspora should know before buying property in Puerto Rico:

1. Pre-Approval Is Required to See Properties

Unlike many places in the mainland U.S., most realtors in Puerto Rico will ask for a pre-approval letter before showing homes. This proves you’re a serious buyer.

👉 For diaspora buyers: not every U.S. bank lends in Puerto Rico. You’ll likely need a local lender for the right approval — or consider a cash purchase to move faster in competitive markets.

2. Closing Costs Are Higher Than You Might Expect

Closing costs in Puerto Rico average 5–7% of the purchase price — more than most stateside buyers are used to. This includes attorney fees, government stamps, and registry filings. It’s important to budget for these costs upfront so there are no surprises.

3. You’ll Need a Notary Attorney, Not Just a Realtor

In Puerto Rico, real estate closings are handled by notary attorneys (licensed lawyers). They review the title, draft the deed, and register it with the Property Registry. This ensures your ownership is legally recognized and protected.

4. Infrastructure Varies by Area

If you’ve been away for a while, you may not know how much infrastructure matters when buying a home in Puerto Rico. Always check if a property has:

• Solar panels or a generator

• A water cistern/pump system

• Reliable internet (critical for remote work)

These features make day-to-day living easier and can boost rental potential if you plan to Airbnb.

5. Your Home Can Be Both a Retreat and an Investment 🏡

Many diaspora buyers want a place to return to on holidays — but properties in towns like Rincón, Isabela, Dorado, and San Juan can also generate strong rental income when you’re away. Just make sure to check if short-term rentals are permitted in your area or community.

A Homecoming That Lasts 🌺

For Puerto Ricans abroad, buying property on the island isn’t just a transaction — it’s a homecoming. With the right preparation and guidance, you can create a place that welcomes you back while also building wealth for your family’s future.

📲 Ready to start your journey back home? Let’s talk.

Valeria C. Hernández Crespo
REALTOR® | Lic. C-23959
Casas De Caracol Corp
(787) 244-4408