Real Estate Resale Value in Costa Rica

I just wrote this article about, the Resale Value of a Home in Costa Rica that might interest those thinking about buying a house in Costa Rica,

I wanted to place it all here but its a bit long so here is an excerpt:

 

Buying real estate in Costa Rica is in most cases a fairly straightforward process where you have a house budget, you find a house you want within your budget and you buy the house. One thing however that needs to be mentioned when buying Costa Rica real estate is the resale value of your home.

This is not a very popular topic amongst Costa Rica real estate broker at the moment but it is still a very important one which needs to be addressed because no one knows when home values in Costa Rica will rise again nor does anyone know when they will take a dip either.

In order to properly assess the resale value of a house in Costa Rica, the following aspects must be taken into consideration:

 

Location of the Home

 

Let’s talk neighborhood. The location of the neighborhood is one of the best factors to not only determine the value of a home but also what kind of resale value your home may have in the future. I am not talking about limiting you to rich neighborhoods but also about the value of the neighborhood in terms of how far of a walk is it to get to the nearest pulperia (convenient store) or panaderia (bakery) because this actually adds to the value of the home in term of convenience.

Does it have easy access to a main road or to the highway? Someone who has a job that requires a commute longer than 10 minutes will certainly be interest in knowing that.

 

To read it all just go to, http://www.costaricarealestatehunter.com/tico-news-and-articles/40-costa-rica-real-estate-with-resale-value