If retirement is on your mind, and you are thinking of buying a second or a retirement home you might consider doing so in Costa Rica. Why you ask? Costa Rica offers a more affordable way of life and much much more.
Buying a home in Costa Rica is not only possible, it is easy! Let?s take a further look at the incredible lifestyle you could partake in.
Three groups of people who should be considering buying a home in Costa Rica are:
- People who wish to retire
- People seeking a second home
- People wanting to work abroad
1. Retiring: After working hard all your life, you want to retire comfortably to a place that offers quality of life, and a place where the money you have earned will go far.
Property is actually up to 70% cheaper in Costa Rica than the US, and is only a three hour flight from the southern states.
When living in Costa Rica, you can enjoy the following:
- Living expenses are cheaper as is property, making your social security checks worth much more.
- You don?t have to worry about giving up the infrastructure that you have become accustomed to while living in the US, Costa Rica has great communications shopping and entertainment.
- You are surrounded by breathtaking scenery. There are incredible beaches, volcanoes, rolling hills and plenty of rain forests to explore.
- Purchasing property is easy to do, and with the government support you can buy as a resident.
- Serious crime is rare, so you can relax and take in a slower pace of life.
- You also don?t have to give up the world class healthcare that you?ve been use to, only it costs a fraction of what it does in the US.
- Best of all, you get never have to worry about bad weather.
- You get the comfort of world-class healthcare - at a fraction of the cost you'd have to pay in the US.
- Finally, you get some of the best weather in the world - live without the need for heating in the winter, or air conditioning in the summer.
2. A Costa Rican second home, or investment property?
Buying a home in Costa Rica gives you all of the advantages above and more, but land in Costa Rica is not just for retirees?. More and more Americans are looking for vacation or investment property. When doing so, take into consideration:
Real Estate Values are getting ready to soar
Costa Rica homes are super cheap- and the value of real estate is growing at an average rate of 30% a year. In some locations the prices have doubled and even tripled in just a few short years!
You can either purchase an asset to be enjoyed as a second home, using whenever you want at a price up to 70% cheaper than in the southern states of the US.
There are many who are buying land as an alternative to buying expensive land in the USA.
The property itself is more affordable, with a higher rate of growth potential. Plus Costa Rica is a booming vacation rental market; ultimately giving owners the option to rent it out for profit when not in use.
3. Want a complete change: Costa Rica is a great place even if you?re not retiring or interested in a vacation home. If you are just looking for a change of pace, or wetting up a business then the possibilities are endless in Costa Rica.
As Americans and foreigners alike look to relocate, Costa Rica is at the top of its game. It is here that opportunities can be had and businesses can be set up to take full advantage of the new wealth that is flowing into the country.
Tax Advantages
With the governments backing, you will not be charged any tax for years, so getting your business up and running is not only possible, it is doable. It is a place made for success as labor laws are flexible and educational standards are high.
Considering buying a home in Costa Rica?
Record numbers of Americans and foreigners alike are jumping on the band wagon to collect their affordable slice of paradise. If you haven?t considered it yet, you clearly should look into it, you won?t regret it!
