Real Estate Tips Before Purchasing in Costa Rica

 

If you are looking for a good real estate proyect.

Here you can find more tips for investing in Costa Rica.

 

We would like to share with you the current market here and trends. Costa Rica is being marketed by the media in the states as the place for boomer retirement and now the hot spot in the world for real estate.

Costa Rica with its natural beauty,democratic gov, and lifestyle is appealing and popular.

 

Make the Purchase

Once you found the property or home you like there are a few precautions you need to take.

 

Real Estate Tip #1.

Make sure you know the real value of the property.

 

Real Estate Tip #2.

Do not assume the seller or broker is trustworthy just because they speak English.

 

Real Estate Tip #3.

If you purchase raw land, be sure to get a soil sample and hire an engineer, especially if your lot has been cut out of a hillside. We know of one man who built a million dollar home on a bluff overlooking the beach. About a year later he had to spend $100, 000 to build a retaining wall because the rain started to undermine his lot.

 

Real Estate Tip #4.

If you buy in a remote region make sure you can bring electricity to the land. This can be expensive. Also check to see if the water supply is good in the area. For exemple the Jaco Beach side has a very good water suply.

 

Real Estate Tip #5.

Do not rely on a verbal contract if you decide to make an offer. Get everything in writing.

 

Real Estate Tip #6.

Check out your neighbors. There is nothing worse than buying property and finding out later you had bad neighbors.

 

Real Estate Tip #7.

If buying in the city or near a major street check the noise level. Make sure there are no dancehalls, bars, rowdy neighbors or noisy buses.

 

Real Estate Tip #8.

If you purchase a home, have an engineer make sure it is structurally sound. Also, check the plumbing, wiring, roof for leaks, water pressure and septic or sewage system.

 

Real Estate Tip #9.

If buying in the city it is extremely important to be familiar with the neighborhood where you decide to buy. Make sure you are not buying in a crime-ridden area. There are a few areas in the San José where you would not like to live. A good broker and doing your homework can help you avoid this disaster.