Costa Rica real estate – Long term rental income

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  • #185616
    jerryboda
    Member

    Two questions for you that are living here and know the areas well

    1. If someone has the goal of buying real estate to rent out (me) for hopefully the long term to someone that will not trash the place, would you say that it would be wiser for me to buy real estate on the Pacific coast near the beach to achieve this or buying real estate closer to San Jose where there are more businesses?

    2. Would it be wiser to buy a house or an apartment?

    Thank you for your help.

    #185617
    Andrew
    Keymaster

    It has been my experience that beach rentals tend to be more short-term and higher impact on the property plus the beach environment also tends to affect a home (structure, appliances and your car) far more than in the Central Valley.

    Rentals in our area – west of San Jose like Escazu & Santa Ana near the major business parks – tend to be more consistent and long-term because it’s more executives and their families although ‘families’ can also take their toll on a property.

    Although you can find more schools near the beach now, the best choice of schools, international and otherwise by far is near San Jose. The best choices in Doctors, dentists, overall health-care, culture and entertainment can also be found here. It is VERY limited on either coast

    If I had to make a quick choice, I would suggest that a luxury apartment in a gated community in our area Escazu & Santa Ana would give you a better chance of consistent, long-term rental plus much lower overall maintenance costs than a home or apartment near the beach.

    Having said that, we have recommended real estate professionals all over the country that would be happy to help you find what you are looking for …

    Scott Oliver – Founder
    WeLoveCostaRica.com and author of ‘How To Buy Costa Rica Real Estate Without Losing Your Camisa’

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