Many of the new property developments on Coast Rica’s beautiful”Gold Coast” are gated communities. These are an ideal alternative for investment, especially if you are not planning on living in your property all year round.
Owning land in absentia can pose some unique issues in Costa Rica, in which squatter laws provide an person some rights to land when the owner has allowed them to reside there for more than a year. This doesn’t indicate that you’ve given them permission to live on your land — it means that you haven’t kicked them off. Squatters start looking for uninhabited land and put up residence, sometimes planting a few crops, and aspire to stay undiscovered to submit a claim.
There are many methods to prevent this hassle — you’ll have someone local test on your property, employ a caretaker (and maintain good records so that they can’t maintain squatter status), or visit your property every three months. If squatters are found within 90 days the authorities are required to eliminate them from your property. To have them removed following a year, the legal landowner must undergo a litigation that’s an investment (and hassle ) that most people would rather avoid, and in some cases they could even eliminate ownership of the land.
An easy way to avoid this would be to buy property in a neighborhood. This choice ensures that your residence is watched whenever you aren’t in city as well as having advantages that are added. Communities are generally a more secure option than striking out alone, especially in regions that are tourist destinations. Costa Rica is a state that is safe: violent crime rates are lower here than in other nations but petty offenses such as theft and property crime aren’t rare, especially in traveler-dense areas. Condo developments and gated communities offer you an entry platform and safety included in the occupants’ fees, and your neighbors offer you several sets of eyes to keep watch over your location.
Most of these developments offer infrastructure that’s well above the national average, with underground power streets and community places, and some offer their own water systems and purchasing areas.
Of owning in a gated neighborhood, the other advantage is that you can enter a property management agreement, turning your house into a money making venture which pays for itself when you aren’t around. The Guanacaste area is now an increasingly popular resort destination due to its warm weather beaches and standard attractiveness. There is no doubt a smart investment in this region will pay dividends and gated communities are a safe bet! Check https://theseeker.ca/2020/04/43315/ to read more about property investment and management.