Whether you’re buying a home to move in next week or waiting until you’re retired. Buying a home or purchasing property is a huge step. A step that should be thought out carefully and not done on a whim. Here are five tips when buying a home in Costa Rica. We know that it’s a fun process but you can prevent any future regrets, if you take these steps!
Set realistic standards
We get it – everyone has an idea of what their dream house is like in their mind. However, it doesn’t always work that way. We can’t always buy our fantasy home without all the other things that come with it, including the price.
Costa Rica imposes a luxury tax on homes starting around $250,000 (scale changes each year). These costs are extra and is something important to take into consideration when buying your home.
Don’t buy the first house you love that’s above your budget!
Don’t let yourself get carried away with one that’s out of your budget, even though it’s easy to fall in love with all the beautiful homes in Costa Rica. Many potential home buyers believe they can negotiate the price down but when it doesn’t happen, it can be hard to find a home that is as comparable. Be firm with your realtor to see homes within your budget. This way they’ll know not to show you more expensive homes in hopes that they can get a higher commission.