Estimated Reading Time: 4 Minutes If you have assets in Costa Rica, you should also have a will in Costa Rica. That’s the best way to save your heirs an incredible amount of problems. When you purchase a property here, get it done at closing so you won’t forget. If you use a foreign will…
Estimated Reading Time: 7 Minutes Property buyers often wonder if they need a property inspection and why they should bother. If you’ve never bought a property here, you probably don’t know that it’s not common to inspect a property before you purchase it. Costa Rican buyers do not have any inspection done unless they feel…
Estimated Reading Time: 5 Minutes How necessary is knowing everything about rain damage before you purchase property in Costa Rica, and how can you prevent it? The rainy season in Costa Rica starts in May and ends in November. The heaviest rainfall occurs during September, October, and part of November. So, yes, it rains quite…
Estimated Reading Time: 4 Minutes Should you look to purchase a beach home in Costa Rica in a Blue Flag community? And what about cities far away from the beaches? What is a Blue Flag, and why would you want to live in a community that was awarded one? Because a Blue Flag awarded community…
Estimated Reading Time: 4 Minutes Costa Rican beachfront property is located in the Maritime Zone, or ZMT (Zona Maritima Terrestre), and you should know about certain restrictions before purchasing. We have very little titled beachfront property, so this is very important information if you want to live on the beach. When buying a beachfront home,…
Let me explain why you should relocate to Atenas to escape the rat race. You have spent countless hours searching the internet for the ideal location for your retirement, second home, or investment. You have narrowed your list and have decided Costa Rica is the country for you. This decision is probably based on its…
What is included in Costa Rica condo fees or HOA fees? Buyers often get scared when they see they must pay a condo fee but don’t realize what is included. Costa Rica’s lifestyle is changing, and people travel more than ever. Security is more critical than ever when looking for a vacation home, a retirement…
Estimated Reading Time: 5 minutes Now and then, you will read that an expat or a local property owner lost their Costa Rica property rights to squatters or thieves. Unfortunately, the Costa Rican judicial system is a bit slow in resolving property rights issues. The system has loopholes allowing the bad guys to get away…
Estimated Reading Time: 3 minutes There are hundreds of articles online about financing property in Costa Rica. Most articles are outdated, and few have the correct information. That’s why you should do your own homework by calling around if you’re looking for a mortgage to purchase property in Costa Rica. Financing property is very easy…
Estimated Reading Time: 4 Minutes We found a new place to live – expats will love it. Property is much cheaper than many other locations in the Central Valley. Santiago de Puriscal (most Ticos call it Puriscal – but the locals call it Puris) is a small town of about 13,000 people, and businesses fulfill…
Estimated Reading Time: 5 Minutes The first offer syndrome can create huge havoc during the buy-sell process. Often, a listing stays on the market way too long and unnecessarily. Again and again, our affiliate agents see sellers reject the first offer they receive and not even come back with a counteroffer. Some take low offers…
Let the buyer beware or “caveat emptor” when building or buying a house in Costa Rica. It’s incredible how so many buyers do not hire an expert to make what could be the most significant investment of their life. Would you hire a cardiologist to see if your teeth need repair? Would you hire a…
Estimated Reading Time: 5 Minutes Did you know that every Costa Rica property owner must present a property value declaration every 5 years? Probably not, eh… In most countries worldwide, property owners receive notice from the tax authorities that they have to pay their property taxes. Not in Costa Rica, though! Like many other things…
Estimated Reading Time: 5 Minutes Do you know where and how to pay the Costa Rica corporation tax, or “Impuesto a las Personas Jurídicas“? The Costa Rica corporation tax was approved in January 2012 and went into effect on April 1st, 2012. Many foreign buyers own property in a corporation, which is a practice that…
Costa Rica beachfront property and maritime zoning are regulated by Law N° 6043 and its Regulations. First, read this article if you want to buy Costa Rica beachfront property. Then, if you still have questions, contact a real estate lawyer specializing in concessions. Maritime zoning In a nutshell, this is how maritime zoning functions: The…
Estimated Reading Time: 4 Minutes Yes, you can invest your Self-directed IRA in property in Costa Rica, but IRA limitations can be a downside. Before using your retirement funds to invest in property, you must do some due diligence. Often, custodians of self-directed IRAs will tell you it’s impossible to invest your funds in a…