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Why Planned Community?
Building a new home in a foreign country can be a real challenge, and that is true in Costa Rica as well. Although your new home in Costa Rica may be priced reasonably, it is easy to underestimate the cost and time required to build your home. It is also easy to run over budget and it is not uncommon to experience construction delays which can add to your budget woes.
It's always a good idea to talk to other foreigners who have built homes in Costa Rica to get an idea what types of delays and building code issues you may have to deal with. Find out how you can benefit from their experience. It never hurts to use the services of a full-service firm that will handle the entire project from design, to building regulations to final construction management.
A master-planned or gated community can offer you a higher level of security. What are the advantages of a gated community? Although violent crime is low, there can be a lot of burglary. Your electronics, expensive toys and nice clothes can all make you a target for those opportunistic few. In Costa Rica, it is advisable to take precautions against those times when you are away from home and your possessions are vulnerable. A gated community can greatly add to your security.
In a planned community you share ownership of common areas and the external parts of your home. You have full rights to a portion of the real estate. Many planned communities include facilities you would not have access to otherwise. Some of these community amenities include swimming pools, club houses, spas, gyms and children's playgrounds. Should you have a dispute with a neighbor, the homeowner's association is there to assist you.
Some of the many benefits of building a home in Costa Rica include the lower cost of materials and labor. The average cost per square foot is much lower as well, with costs falling between $55 and $65 per square foot. Real estate on the beach can be more costly in the outset, but the long term investment can pay off very well. Appreciation for some ocean view properties has risen as much as 20% per annum.
Given these factors, the appeal of a planned community is clear. The advantages of a gated resort community go beyond luxury amenities and security. Services available in these communities can range from concierge service to a property management team that can assist you if you are planning a vacation rental home. Although high-end communities are popular, there are also many that cater to the mid-level market.
Selecting a gated, master planned community can be a great way to make buying real estate in Costa Rica a more manageable process. You will find great locations all over Costa Rica where you can enjoy your new life in paradise!
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