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Did anyone hear about drastic increases in the cost of construction? My project was estimated to be around 26 million colones by my architect. The actual construction bid came to about 25 millions. The Colegio estimated the project to be almost 50 million colones. That’s almost double of what the actual cost is!!! We were told that the Colegio implemented some drastic system changes last week, so many customers are complaining now. They recommended that our architect submits a complaint to the central office. Has anyone done that already? What are our chances of success?
Construction costs have come DOWN in the last six months…
There are certainly many steps being taken so that Costa Rica collects the income and property taxes that they should be collecting and this may be part of that process although I can not confirm this reaches to the Colegio level.
Having said that, your 25,000,000 colones home bid is only about US$44,250 – Are you building a very small home?
Scott Oliver – Founder
WeLoveCostaRica.comExactly! The costs did come down, both materials AND labour now, so it doesn’t make much sense why the tazacion( estimated value) came so high. Scott, if you remember, what was the tazacion for your mountain home?
P.S> yes, it’s a very small project, plus we take care of all the materials (chasing them, choosing, paying, bringing). That’s why it’s slightly cheaper in our case.
You’re right to point that out David – Wages stipulated by law have certainly not come down but skilled laborers who were previously able to command a premium over the standard legal minimums have certainly been affected…
Scott Oliver – Founder
WeLoveCostaRica.comAll part of the government’s big plan to collect property taxes! Or perhaps they’re looking to increase all the other fees associated with building. Not really sure why they could be so far off! Perhaps they’re taking a few pages from the playbook government has been using in the US!!!
They started with the “new” much higher fees on concession properties… and now… they’ll be TELLING you what your home will cost before you even build it… charging fees at that rate… and taxing you at that rate even if the project comes in cheaper. But with the cost of this house… I’m not even sure the most recent real estate tax plan would touch this project. Get an attorney and challenge the valuation!
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