Buying a Costa Rica Condo can be a very positive experience. People who live in condos enjoy the lifestyle associated with condo living . They offer amenities such as pools, gym, tennis and other activities.  Travel is made much easy by just the “ lock and go ” style of living and returning knowing all is well and secure.  Many condos are within walking distance to shopping, restaurants , movies and other entertainment areas.

Another important consideration is that most condo developments have a rental plan that can be a source of income when not occupied by owners . Living  in comfort but not having to take care of anything is a definite advantage .

Often people fall into a deal on their own by searching ads and web pages.  That is fine as long as you know the pitfalls that can affect your future in the condo. Many times the Condo has it’s own contract, accepts deposits payments to their account directly,.
Also, they have corporations all ready to go, often build closing costs into the price and you are feeling that this is very slick and simple.  In some instances this can be the mechanism  to have the closing completed quickly and on their terms.

We at Costa Rica Retirement Vacation Properties insist on the use of an outside attorney to review the contract even though it will cost extra. We do not allow money to go to any Devloper or Escrow they have set up until this contract is reviewed and approved.

Other considerations  when buying a condo :
Are monthly maintenance fees and listed items the fees cover. Is the developer still managing or is there a homeowners association in place. Very important is the insurance and is there a blanket policy for the buildings . Is there a reserve fund that will cover expenses such as painting ,roof repair and building maintenance. If not then you can expect a special assessment to cover such items . Condo documents should be reviewed also . How often are meetings held to discuss issues.  Is there a system of checks and balances on expenditures.

The above items are normal and if done properly insures  the condo project will be efficient and successful.

Important in any decisions made for the project is the following objective   ” Any decision made should be in the best interest of ALL the owners “. keeping this focus will eliminate individual agendas and will enhance the decision making process.

Rudy Matthews is an marketing associate of Costa Rica Retirement Vacation Properties with many years of Condo sales experience as wellas being an owner of a blockof Condos inthe USA.. He will be glad to assist you in any property interest you have in Costa Rica . Rudy has been a member of  a condo board of directors and served as subsequent president for five years .His knowledge of condominium living covers all parameters.

Rudy recently sold an Ocean front Jaco Beach Condo and secured his clientsome nice perks. He got Eighteen months of maintenance fees paid by the seller plus having the condo totally repainted at the sellers expense Result – a satisfied and happy client with a very good Condo.