Purchasing a property remains as the biggest investments in your life. You will be spending the majority of your earning for your dream home. If you have planned to invest in real estate in Costa Rica, you need to have some basic knowledge of buying a property and hire an agent. Moreover, when you do not know to speak Spanish, you would find hard to choose and purchase a property. It will be difficult for you to choose a property without the assistance of real estate professionals.
There are several ways you may make mistakes while purchasing.
Do not start from a wrong place
Most clients looking to purchase in Costa Rica will explore the place around and browse more than one thousand and five hundred properties for rent and sale. It is important to search on a broad angle to take the right decision. It is fun to search and purchase a property. But you need to start searching for the right place. It is expensive to research every location you come across. If you start in a wrong place, you may have to pay additional charges and spend unnecessary time.
Ensure to plan and fix your budget before thinking to purchase in Costa Rica. Consult your bank and get qualified for loans. If you are purchasing a property just because you love, you will find hard to afford. You have to look for property that comes within your budget. Buy a property only if you feel satisfied or else you will not feel happy in any house you are purchasing. It is the most challenging part while purchasing a house.
Remember, traffic is going to get worse in near future. It does not get better. It is important to choose a right location. Are your kids going to school? Are you still working? Where are you working? Does your hubby indulge in golf activities? You need to consider above questions while fixing a location. The location should be suitable for your family.
The home condition
If you are purchasing a used house, you need to think about replacement or renovation. Evaluate how much you have to spend for home renovation after purchasing. Some expensive renovation or alteration come in the form of serious roof damage, sliding property, retaining wall damage, foundation damage or termite plague. If the renovation is going to be expensive, it is better to drop and search for other property.
Reputed real estate agent
Ensure to choose an agent who is willing to show you a vast range of properties. The agent will be representing the buyer. You need to see his/her experience, reputation and expertise in the industry. Do not give you real estate project to any person or agent you come across. Look at customer reviews and testimonials on their website.
The agent should help you in finding houses in the location you request. It should be best for yourself and your family. The real estate agent should be able to communicate in your language. Moreover, they should know the price trends, property value and areas better.Read More