Real Estate in Puerto Viejo, Costa Rica
Last updated on Jul 08, 2024
Summary: Expats and retirees talk about real estate in Puerto Viejo, Costa Rica? How do you find a home in Puerto Viejo? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Puerto Viejo?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Puerto Viejo involves several steps. First, you need to determine your budget and what type of accommodation you're looking for. This could range from a small apartment to a larger house or villa. Next, you should research the different neighborhoods in Puerto Viejo to find one that suits your lifestyle and preferences. Some areas might be closer to the beach, while others might be closer to the town center with shops and restaurants. Once you have an idea of what you're looking for, you can start your search. There are several online platforms where you can find listings for rentals in Puerto Viejo, such as Airbnb, Booking.com, and local real estate websites. You can also contact local real estate agents who can help you find a place to live. They will have a good knowledge of the local market and can help you navigate the process. Another option is to visit Puerto Viejo and look for rentals in person. This can be a good way to get a feel for the different neighborhoods and see potential homes in person. When you find a place you're interested in, make sure to ask about the terms of the lease, what's included in the rent, and any other questions you might have. Finally, before signing a lease, it's a good idea to have it reviewed by a local lawyer to ensure that everything is in order. Remember, finding a place to live can take time, so it's important to be patient and not rush the process," remarked one foreigner who made the move to Puerto Viejo.
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What is a typical expat home or apartment like in Puerto Viejo?
"A typical expat home or apartment in Puerto Viejo, often reflects the tropical and relaxed lifestyle of the area. These homes are usually designed to blend in with the natural surroundings, with large windows and open spaces to allow for plenty of natural light and air circulation. Many homes are built with local materials such as teak wood and bamboo, and feature high ceilings, tiled floors, and spacious patios or balconies. The homes often have two or three bedrooms, a living room, a fully equipped kitchen, and one or two bathrooms. Some homes may also have a separate guest house or a small pool. The interiors are typically decorated in a casual, beachy style, with comfortable furniture, bright colors, and tropical plants. Most expat homes in Puerto Viejo are located within walking distance to the beach, and many have beautiful views of the ocean or the jungle. They are usually situated in safe, friendly neighborhoods, close to local amenities such as shops, restaurants, and schools. Despite the rustic, laid-back vibe, many homes in Puerto Viejo are equipped with modern amenities such as Wi-Fi, air conditioning, and hot water. Some may also have a laundry room, a garage, or a garden. In terms of cost, expat homes in Puerto Viejo can vary greatly, depending on factors such as location, size, and amenities. However, in general, the cost of living in Puerto Viejo is considered to be lower than in many other parts of Costa Rica, making it an attractive option for many expats," remarked one foreigner who made the move to Puerto Viejo.
What is the average cost of housing in Puerto Viejo?
If you are thinking about moving to Puerto Viejo, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Puerto Viejo can vary greatly depending on the type and location of the property. For a one-bedroom apartment in the city center, you might expect to pay around $500 per month, while the same type of property outside the city center could cost around $300 per month. If you're looking to buy property, a typical home in Puerto Viejo might cost between $100,000 and $300,000. However, luxury properties and beachfront homes can cost significantly more," said one expat in Puerto Viejo.
Should I buy or rent a home in Puerto Viejo?
If you have not spent a lot of time in Puerto Viejo, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Puerto Viejo, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Puerto Viejo for a long time, buying a home could be a good investment. Owning a property allows you to build equity over time and could provide a potential source of income if you decide to rent it out when you're not using it. On the other hand, renting a home in Puerto Viejo offers more flexibility. It's a good option if you're not sure how long you'll be staying or if you prefer not to have the responsibilities of home ownership. Renting can also be more affordable in the short term, as you won't need to pay for maintenance costs or property taxes. It's also important to consider the local real estate market. If property prices are high and continue to rise, buying a home could be a good investment. However, if prices are low or stagnant, renting might be a more cost-effective option. Lastly, consider your lifestyle preferences. If you enjoy the freedom to move around and explore different areas, renting might be more suitable. But if you prefer to have a stable base and the ability to customize your living space, buying a home could be the better choice. In conclusion, both buying and renting a home in Puerto Viejo, Costa Rica, have their pros and cons. It's essential to carefully consider your financial situation, long-term plans, and lifestyle preferences before making a decision," said one expat in Puerto Viejo.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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