5 tips for buying property in Costa Rica

1. Legal guidance – Buyers should use a real estate company or their own attorney to guide them through the legal process. Costa Rica’s legal system varies from most countries. Buyers must contract a trusted attorney to do the due diligence necessary. Make sure there is no impending tax burdens on the property, zoning, among other things that could affect title or future construction.

2. Get familiar with Costa Rica – Don’t get swallowed up by the beauty. Often times tourists fall in love with the incredible scenery and charming people, but forget that real life is not a permanent vacation. Don’t forget about bills, work, cultural differences. It is a good idea to live in an area before you make a purchase, even if it is for a couple weeks or a month.

3. Research the area thoroughly – Think about your needs. Do you want modern conveniences like Internet, cable TV and air conditioning? Or would you prefer to live in the middle of rain forest with wild animals looking in your window? Costa Rica has a wide variety of climates, from the more dry “pampas” of Guanacaste to the alpine forests of Heredia. Don’t forget about the tropical Caribbean coast. Once you decide the type of climate you like make sure you can find a place that has what’s important to you. Do you like to surf or shop in large malls? Is there a grocery store nearby? What about a bank? If you are looking to go into full immersion, maybe living in a place with very few foreigners is a good idea?

4. Compare and contrast – Once you’ve seen numerous properties, make a check list of the pros and cons of each one. Carefully consider all factors like the quality of the construction and surrounding neighborhoods.Make a list of must have things and other things that you desire, but can live without.

5. Once you’ve made a purchase, get involved with the culture – One of the most important aspects of living in another country is immersing yourself in the culture. Costa Ricans are generally very welcoming and like to teach others about their local culture and expressions. Spend time learning Spanish. It will help you a great deal. Live like a Tico!

Click on the link to view thousands of properties in Costa Rica

This post was published by:

- who has published 82 posts on LatinWorld.

Avid fĂștbol fan.

Contact the publisher

One Response to “5 tips for buying property in Costa Rica”

  1. Hello
    My name is Giovanna Barrantes. I’m a Lic Attorney in San Jose Costa Rica since 1999.
    The above article is well written. The author did leave out some important points concerning your costs when buying a property in Costa Rica.

    First closing costa will be 1.5% of the purchase price.
    Second There will be a transfer tax of 2.5% of the declared value of the property.

    Third Property taxes will be 0.25% per year.
    Costs to form a Costa Rica SA $450

    Stewart Title 1% of the value

    I hope this adds something

    Lic Giovanna Barrantes
    Barrantes & Associates
    US/Canada 786 235 2660 begin_of_the_skype_highlighting 786 235 2660 end_of_the_skype_highlighting
    Office 011 506 2 256 3807
    Direct 011 506 8 398 1203
    Edificio Casa Canada Paseo Colon Subway
    Anexo Uno 100 metros sur/50 metros oeste
    Skype CostaRicaLaw1
    http://www.lawyerofcostarica.com
    http://www.twitter.com/lawyerofcr

Trackbacks/Pingbacks


Leave a Reply