Buying Property to Build in Costa Rica - Avoid Costly Mistakes

Buying Property to Build in Costa Rica - Avoid Costly Mistakes - Interview with a Surveying Engineer

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2 жыл бұрын

If you are considering buying property in Costa Rica to build your dream home or develop rental properties you need to do extensive due diligence to ensure that you will be able to complete your objective with the property you are selecting. In this video we talk to Freddy Alvarenga a Survey Engineer with more than 15 years of experience working in the Nicoya Peninsula area of Costa Rica who will share some of his experiences and recommendations for those of you that are considering purchasing raw land for building or development. We focus on the Nicoya Peninsula which includes popular beach towns like Santa Teresa, Mal Pais and Montezuma. However the advice is applicable no matter what you purchase in Costa Rica.
Freddy Alvarengas website is sstconsultores.net
Be sure to download for free my Costa Rica Real Estate Buying guide to keep you our trouble. costaricalaw.com/crbooks/
Roger Petersen is the author of the best selling book The Legal Guide to Costa Rica available from Amazon. www.amazon.com/Legal-Guide-Co...

Пікірлер: 8

@ComeOneComeAll Жыл бұрын

Thank you for this valuable information! I started my career in CR in 2011 after buying a piece of land in the mountains overlooking Costa Ballena over Uvita, site unseen. I drove from California with my cousin and proceeded to live in a tent on the property for almost a year straight. Eventually I built a house with support from the local pueblo. What I've learned is that in CR if you ask a group of expats how they achieved the same goal, it's not uncommon to hear a different answer from each person. Some said one cannot buy land with a US passport, I did that. I also opened a bank account at Banco CR without any paperwork from my bank in the States, also commonly said to be impossible. The quality of your information is greatly appreciated! Lots of snake oil soothsayers roaming around preying on foreigners and their learning curve.

@CostaRicaLaw Жыл бұрын

Thank you for watching and your insightful comments. You are correct it is common to see different results for the same issues. Regarding the passport I can confirm your results that property can be purchased with a passport and the recording office will register it with that form of identification. Glad to hear you are enjoying your area which is a beautiful part of Costa Rica,

@marytica123 2 жыл бұрын

Costa Rican law is NOT based on English Common Law, but rather Spanish Colonial Law. We bought a site in Brasilito, close to Playa Flamingo, in order to build a bar / restaurant. Turned out that a RELATIVE of the seller had a "claim" against the property, and we NEVER had a clear title. Despite that, we were able to complete the construction, and operate Kokomo Bar for several years. We eventually sold it to a French expat, who apparently was able to secure title (probably by paying off the "relative"). WARNING - be sure your selected "piece of heaven" doesn't have "claimants" - laws are different in CR !

@CostaRicaLaw 2 жыл бұрын

Thank you for sharing your experience.

@nestormatos8477 2 жыл бұрын

I have a friend who purchased beach front property from a German owner in Playa Grande 18 years ago. Turns out it was part of the local forest and he could not construct on the land, a 100k lost.

@CostaRicaLaw 2 жыл бұрын

Thank you for watching and your comments. Yes, Playa Grande was affected by the Turtle preserve and for years there have been lawsuits related to land and permitting in the area. Doing a good due diligence can flush those issues out before paying in full for property.