There are many types of Costa Rica investment properties, such as condos, single-family homes, vacant lots, and working farms. Costa Rica offers an excellent opportunity to invest in a stable, and exciting country. It extends a welcoming hand to foreign investors. Just by living in Costa Rica, a Westerner can save oney. As a matter of fact, the capital city, San Jose, has a very low cost of living when compared to other parts of the civilized world.
Costa Rica investment properties MAY be the real deal. True, your investment in a house in Costa Rica would buy you more than a similar house in Europe or North America. Investment properties in CR are relatively affordable, particularly when you get away from the coastal areas and San Jose itself. Just as in the United States, the prices of real estate does vary in Costa Rica. Here, new investment properties such as condos can be found for just around $100K near San Jose’s airport. However, if you want to invest in a water view villa near the one of the coastlines, that will put you back approximately $500K. If you are seeking to invest in a bungalow in a middle-class neighborhood, then you can expect prices to begin somewhere around $150K. However, if you are looking to appease your taste with a waterfront estate, that may run you over $1 million, for the equivalent of a property three times as exepensive in, say, California.
What’s your Pleasure?
Amenities also often vary based on the type of property you’re interested in. Air conditioning is a common amenity as are such things as pools, activity centers in condo complexes and tennis courts. Many of the single-family homes in CR have private swimming pools, and if you are looking for a beautiful vista, that is not limited to only beachfront property. Sweeping forest views as well as mountain views are just as picturesque.
Finding an Agent
Remember: English in this country is a second language. That means, most real estate contracts will be composed in the Spanish language. Additionally, the laws in Costa Rica are based on French Napoleonic Law. So, unless you speak Spanish fluently and have a degree in International Law, it would be wise to hire a reputable real estate agent to help you out when you have definitely decided to take on some Costa Rica investment properties. There is also a whole list of fees to be paid in Costa Rica such as title, notary and transfer fees. Being the proud owner of some Costa Rica investment properties comes ate a price: due diligence is a must.