IVO HENFLING | APRIL 26, 2011
Who knows what a Costa Rica condominium is really all about? Our Costa Rica real estate company has a wide selection of condominiums for sale in Costa Rica.
My webmaster has complained that I should write more about real estate and tell you less stories about the holes in the roads in Escazu or about the Bishop of San Jose trying to confess the citizens. Therefore, you will find more blogs about real estate related issues than ever before. But I promise, I will try to keep them informative as usual.
GoDutch Realty offers condos for sale in many different areas like Escazu, Santa Ana, Ciudad Colon and some other areas. Many of you don’t realize that buying a condo in Costa Rica also means that you should know a bit more about what a condo is and the pros and the cons. When you´re ready to retire in Costa Rica, you will probably think its too much of a hassle and that is what this article is all about this week.
What is a condominium in Costa Rica
A condominium is a property officially registered as such in the National Register of Costa Rica. This property is either subdivided in different manners:
- Into home sites or building lots, called officially Horizontal Condominium
- Into individual town homes, called officially Horizontal Condominium
- Into condo apartments of one or several buildings of several stories, called officially Vertical Condominium. Some US citizens call a condo only an apartment when it is for rent and in many other places they just call it either. Many realtors do call it a highrise condo. To make it easy, I will call it just a condo.
The information below will point out the advantages and disadvantages and more details about condos in Costa Rica.
In all three options, the developer had to subdivide the condominium into a certain amount of condos/lots and therefore each has to have its own survey. The survey will always show the whole community and will point out the particular condo/lot. All official condominiums have to have officially registered Bylaws or CC&R’s in the National Register.A condominium in Costa Rica has every property within the condominium fullty titled plus a percentage of ownership of the common areas.
You will also find the word gated communities on every website bout Costa Rica real estate. The words “gated community” is not a legal term in Costa Rica. It’s only means that a community is walled in or in some cases only “controlled access” by a security guard or security gate. I will tell you about this in another blog. GoDutch Realty agents can offer great options on condos for sale in Escazu and Santa Ana.
In my next blog, I'll tell you more about the pros and cons of buying in a condominium
GoDutch Realty offers condos for sale in different buildings in the Central Valley. Each listing will show how much the monthly maintenance fees are.
GoDutch Realty offers town houses for sale in different condominiums in the Central Valley. Each listing will show how much the monthly maintenance fees are.
GoDutch Realty offers homes sites for sale but most are located in gated communities and not in condominiums in the Central Valley. Each listing will show how much the monthly maintenance fees are.
Ivo Henfling, your Escazu and Santa Ana realtor