Buying Costa Rica Land.
Costa Rica Realtor - Scott MacDougall
Costa Rica real estate and land development is still in it's infancy as a market and as such there is a tremendous amount of opportunity for growth, as well as a need to mature... When it comes to buying Costa Rica land, you will be confronted with the same challenges:
- You must make sure that the property is free and clear of any lien, encumbrance, or annotation. When you buy Costa Rica land your lawyer can check this for you as the National Registry can be viewed via the Internet.
- Secondly, you need to be informed about your services, water and electricity. If you are buying Costa Rica land in a gated community or development and services are not readily already installed, be cautious!
- In your contract you should clearly state water and electrical service will be available at the property line. Get a contractual agreement that clearly states it is to the property line, not simply that it will be available.
- When buying Costa Rica land, you must be aware of possible drainage and erosion problems. Look closely at the surrounding land and see where the rain water will drain.
- Make sure that proper drainage systems and erosion controls are in place and if necessary make them a part of your purchasing contract if they affect your property and or the road getting to your property.
- If you are buying Costa Rica land on a hill that has been cut, get a compaction test be done to ensure that the land is stable and can be safely built on.
- Get a perk test done because you will probably have to put in your own septic system and this must drain properly.
- If you are buying property here with an an ocean view and privacy is important to you, make sure your future neighbors will not disturb your privacy or block your view.
- Review the registered restrictions on the neighboring lots if you are buying in a development.
When buying Costa Rica real estate - Take your time, be thorough and seek the advice of experienced professionals to assist you. Scott MacDougall has lived in Costa Rica for the last ten years and has been intimately involved in real estate construction and land development during this time. Scott is presently the co-owner operator of 'Century 21 At The Beach' If you are serious about buying real estate in the North West Pacific area and would like to speak with our recommended Costa Rica Realtor, please help us to help you by using the form below:
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