Costa Rica Developer Land

So, the idea of buying a nice ocean view farm overlooking a popular beach, subdividing and selling lots is intriguing?

It could be a great option, because with the right combination of carefully selected land coupled with local knowledge, the sharp developer can make a healthy return on investment.

However, we've seen many would-be developers come down and fail miserably. Sometimes the reason is lack of capital...they run out of money before the project gets on the market. Other reasons include poor location, lack of infrastructure, and poor marketing.

Want to know the secret to success?

The key ingredient to a successful investment in a Costa Rican real estate development project is local knowledge. Not knowledge of the local real estate market...you can get that information from any real estate broker.

We’re referring to knowledge of the language, local politicians, government officials, local contractors, real estate law, permitting procedures, timelines, sourcing of materials and labor, etc.

It doesn't matter how successful you are at development in the U.S or anywhere else...without a team of local experts, your chances are not good.

With some serious time and effort, you can assemble your own team. This would include several attorneys with different areas of expertise, surveyors and topographers, water drilling contractors, road construction contractors, architects and of course, real estate brokers.

Another approach would be to joint venture with a successful developer already operating in Costa Rica. There are many scenarios within this category that could be a good match. It just depends on the specifics of the deal and the needs of the parties involved.

If you are seriously interested in developing, and have access to US $2-$15+ million in readily available capital, contact Jerad at info@catalinacove.net

If you do choose to venture out and explore other properties on your own, be wary of price variances. With Costa Rica not having an MLS system, many properties have a different selling price depending on the agent that you speak to. Make sure that you do your research to find out the fair price for your property and other comparable properties that have recently sold.

Whenever buying raw land in Costa Rica, you need to be sure that the land has a clear title, access to water, electricity and serviceable roadways. Uncommon in North America or Europe but sadly all too common here are properties that have no available water supply. To the untrained eye the property may appear to be a great deal. However. in reality it may have no functioning wells for water and the option to obtain permits to drill additional wells may not be available. In some beach areas in particular, getting new permits to drill water wells is virtually impossible, unless you know how to play the game on the local level.

If you are not interested in developing but want to take advantage of the opportunity for dramatic price appreciation in Costa Rica land, purchasing a home site lot at Catalina Cove is an excellent alternative.

One of the many benefits of owning a lot at Catalina Cove is that we have already prepared for all of the necessities. All of the planned amenities are following their timeline for completion, regardless of any additional lot sales. This is because of the financial strength of the developers.

For example, 500 phone lines allotted for the development have been installed as well as electricity and water for all of the lots. For anyone here in Costa Rica that has waited years to get a phone line installed, the ready to go phone lines are an amazing achievement.

The development boasts 3 completely functioning and permitted water wells and two additional wells have been recently permitted.

Catalina Cove has already paved all of the roads within our development and will be donating the services of Pedregal (Costa Rica’s 2nd largest paving company) to pave the town square of Brasilito and a portion of public road that surrounds the entrances to our development. This will not only enhance the access to our development, but will benefit the whole of our Brasilito community as well.

We are also enjoying satellite internet access at our sales office and are preparing to offer this service to our future homeowners as well.

In summary, the most important thing to remember when buying land in Costa Rica is to do your homework. Research the area, the land itself, the land surrounding your prospective property and the availability of water, power and road access. As daunting as it may seem, developing property in Costa Rica is possible. Or… you can relax and let us do it all for you!

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