Click on question to read the answer!
- Payment can be accepted in Dollars, Euros, Colones or Bitcoin.
- Yes you can purchase your home using a bitcoin smart contract
- Yes: Bank finance is available for non Costa Rican Citizens and Residents through two banks – Scotia Bank and Banco Nacional De Costa Rica. However, bank finance is slow (minimum of 3 months and more likely 6 months or more) and has a lot of “red tape”. We have trusted independent finance providers who can also help. It is quick and easy and can fill the gap between purchase and long term finance or equity release.
- Yes – the great thing about property ownership in Costa Rica is that Non-Costa Ricans have exactly the same property ownership rights as Costa Rica Citizens. This means that you can own the property in your own name without the need for local partners or complex structures required in many other Central and Southern American countries. The home and land will be delivered into your name or into your companies name if you are setting up a corporate structure.
- The home is delivered turnkey but unfurnished – so you will need to furnish your home (furnishing packages are available – just ask for more details)
- You may also choose to hold your property title in a Costa Rican Company. This gives you privacy, makes it easier to set up bank accounts and is very convenient and quick if you decide to sell your home in the future. Company set up costs are typically approximately $850
- HOA Fees – US$50 per month covering water costs and maintenance of the common areas
- Standard local property tax is 0.25% of the registered value of the property. In this case with a US$89,950 purchase, yearly tax will be $225 per year.
- There is also a luxury property tax in Costa Rica which applies on a sliding scale on homes with a value of ₡117.000.000 ($234,000) and upwards. This tax does not currently apply to these homes as they fall in the 0% category (value less than $234,000).
- Electricity: Full air-conditioning throughout year $200/month however the climate in Naturewalk is conducive to non-airconditioned living as the temeperature is lower than at sea level (typically 5 to 7 degrees), humidity is lower and there are gentle breezes. With air condition on half the time, you might expect an electric bill of US$100-US$120 per month
- Water is included in the HOA fees
- Telephone for a land line $20/month
- Cable TV standard package $35/month
- Internet standard package $30/month
As a guide for the cost of utilities the following utility and other bills based on a two bedroom home:
- “Mejores Casas para un Mundo Mejor” means “Better Homes for a Better World”. Our motto is very important to us and is our Modus operandi. Our homes are constructed using eco friendly locally grown, locally processed materialsm where possible and we use local workers, builders, tradesmen and artistans – all in alignment with our aim to be sustainable and eco-friendly