Why Costa Rica?
Costa Rica may truly have it all: a year-round tropical climate, quiet rural areas, hillside villages, modern cities, Caribbean beaches, Pacific coastline, rain forests, lush valleys, and mountains.
According to a recent study by Help Age International, Costa Rica ranked as the best Central American country for elderly, retirees based upon these 4 categories: income security, health status, employment and education, and an enabling environment. That is why over 70,000 North Americans have retired in Costa Rica and many more are buying investment rental properties.
What You Need to Know About Buying Real Estate in Costa Rica
Many retirees choose to live in the Central Valley of Costa Rica, which is the region surrounding the capital city of San José and its international airport, shopping, and medical facilities—featuring the top physicians and facilities in both the public and private systems.
Applying for Costa Rica Residency
If you plan to live in Costa Rica, you should consider applying for residence. There are several categories available. The most popular for retirees is Pensionado. Those seeking a Pensionado visa needs to prove a minimum income of $1,000 per month from a qualified pension or retirement account or from Social Security.
Another category for those not ready for retirement is rentista. Rentisa visa holders have to show income of $2,500 per month for at least two years, guaranteed by a banking institution or make a deposit of $60,000 in an approved Costa Rican bank.
The Keller Williams Difference
Keller Williams Realty is the largest real estate franchise in the world – home to more real estate professionals than any other company with over 140,000 agents worldwide. That’s not just by chance. Founded in 1983 by Gary Keller and Joe Williams, Keller Williams was built on one premise: How high we go as a company will be determined by how high we lift our people. Based on that simple philosophy, together, we have revolutionized the North American real estate industry.
What Does It Cost to Retire in Costa Rica?
Costa Rica is not the place for bargain-basement living. It is the most expensive country in Central America. In many ways, it’s a victim of its own success, so to speak. It’s safe, stable, with a growing economy. But in Costa Rica, you will find a high standard of living that is still far below the cost of living in the U.S., Canada, or Europe.
Costa Rica Travel Dos & Don’ts
Do learn some Spanish, including a few specific Costa Rica words and phrases. Though English is widely spoken in Costa Rica, you’ll enjoy your trip even more if you can converse with all the locals you meet, and they really appreciate the effort.
Do tip your server at restaurants, if a service charge isn’t included in the bill (usually 10%).
The Right Team and Experience Makes All the Difference In the World
Remember when you last bought a home or investment property? Was it a painful and confusing experience with many unknowns and miscommunications throughout the search and contract phase with more surprises at the closing table? Or was it a smooth and easy process where you were educated upfront on what to expect and kept informed every step of the exciting and fun filled journey from the search, legal negotiations and inspections leading to a no surprise closing? Having the right team to guide you is the solution you are looking for. We are looking forward to making your Costa Rica dreams come through!