Why You Should Consider Investing In Commercial Costa Rica Real Estate Too

Most of the time when people think about buying real estate in Costa Rice, they think of one thing: tropical paradise homes. Whether these investors want a vacation spot to enjoy or a rental property to profit from (or a mix of both), residential real estate is a hot ticket item in Costa Rica.

But don’t completely forget about another way to invest in Costa Rican real estate (read our guide to Buying a Property in Costa Rica - 2018). Commercial properties have great benefits too. Here are 5 reasons to consider investing in commercial Costa Rica real estate.

1. You Do Not Have To Be A Resident

If you are hoping to get into real estate investment outside of your home country, Costa Rica is a fabulous option for many reasons. But one of the top reasons to choose this Central American country is the fact you do not have to be a resident to buy property.

Other than beachfront property (which has some different rules), your experience buying commercial real estate as a foreigner is the same as a local.

2. Tourism Will Be Your Friend

Locals will not be the only people supporting the profit of your commercial property; the tourist and expat population will help it thrive.

Whether you are buying the commercial property to lease it out, or you hope to run your own business on it, you can benefit from a busy, bustling country with strong infrastructure and plenty of tourists with money to spend.

3. Leases May Be Longer

The downside to the tourist nature is many home rentals are often short-term. Most people want a few days, a couple weeks, or a month (if you are lucky) during high seasons. While this can be a fast cash flow, it is:

• More work throughout the year to secure tenants

• Not a stable income you can count on

You can have longer lease terms with businesses at your commercial property. It’s less of a headache and consistent income. Win/win.

4. Benefit From Objective Pricing

If you are purchasing commercial land that has already been developed, you can have access to the current financials. This helps take some of the guesswork out of profit forecasting.

Residential properties often do not come with such detailed reporting of loss/gain. This is not always a terrible thing if you simply want to move in, but it can be a negative if you want to rent for profit.

However, you cannot always trust the previous owner with 100% guarantee. That is why point #5 is so vitally important.

5. You Have Access To Great Team Members

Whenever you buy an investment property in another country (or when you buy commercial investment property anywhere), having a trustworthy team is imperative.

Your lawyer, real estate agent, and accountant can turn this into a great or terrible experience.

This is why buying property in another country can be a daunting experience. Fortunately, Costa Rica is home to many phenomenal English-speaking professionals who can take you step by step through the commercial property buying process.

Start off that team with a real estate agent who knows the area and knows how to get you your ideal commercial property. Contact Richard at Richard@cbtamarindo.com today.