What do I need to know when buying property in Costa Rica?
When we asked expats what advice they would give a foreigner before buying a property in Costa Rica, they said...
"Travel around and find the area you want first. Use tools like www.vrbo.com to see what the rental rates are in the area you are interested in -- and be sure to look at the calendars of availability to see how well they are booking. Visit the forums like Expat Exchange or Costa Rica Living and ask plenty of questions. Compare listings from a variety of sources and use tools like Google Translate to look at listings in Spanish as well. Seek the advice of folks like me -- make sure they have bought and sold for themselves and don't just have a good imagination," commented one expat who made the move to Southern Pacific region of Costa Rica, Costa Rica.
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"Know the neighborhoods and price ranges is key! Spend as much time as possible in your desired area or neighborhood. Go at night especially. Is the neighborhood safe, noisy, close to a nightclub? If you want to live in a condominium complex, observe the type of clientele it attracts in their rental pool. And in this case, find out how much turnover there is (daily, weekly, monthly) As Jaco is a tourist town, make sure your visit your desired neighborhood during "high season" and especially Easter and Christmas holidays as the busiest two weeks of the year," remarked another expat in Playa Jaco, Costa Rica.
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Other Questions:
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What do I need to know when buying property in Costa Rica?
If you live in Costa Rica, newcomers to Costa Rica would love to hear your answer to this question:
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.
