Costa Rica Lots For Sale
Volcano View Lots For Sale! Tierras Morenas, Lake Arenal14 Volcano view lots for sale. 1 km of public road. Reserved common areas. Electric and water installed before close of Escrow. Click here for details
Costa Rica Lots
Volcano View Lots For Sale!Tierras Morenas, Lake Arenal - 14 Volcano view lots for sale. River runs through property. 1 km of public road. Reserved common areas. Electric and water installed before close of Escro. Where else can you find Costa Rica Lots for Sale priced at just $4 per meter!
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About the Property About Health Insurance in Costa Rica About Costa Rica About the Property What is the difference between Buena Vista I (BV I) and Buena Vista II (BV II) - BV I is the site with the octagon model home and there is a total of 19 lots located on the property. At this site, we will sell lots with homes. However, we will set aside a limited number of lots in which we will sell the lot only for which the buyer agrees to start home construction within 8 months after signing the sales contract.
- BV II offers beautiful view lots of Lake Arenal. We are selling lots only at this location. You are free to build one of our octagon homes on this site or you may build another style home (but it must meet the CC&R requirements). No financing is available for purchases of lots only.
Is this a Time-Share or Full Ownership? - This is a full ownership. You will own the property outright (fee-simple title).
How can I finance my property in Costa Rica? - There are two options available for financing home construction.
- The first option is for the homebuyer to secure secondary financing (line of credit, second trust note) in their home country. This money, once deposited into escrow, will be held by Title Insurance by LandAmerica Commonwealth Title Of Central America® and will be released in accordance with a pre-defined fund release procedure.
- The second option is for the buyer to secure completed home (or take out) financing . This option requires approval in advance by the builder and would require deposits to be made to the escrow account by the buyer during the construction of the home. At the opening of escrow, application is made by the buyer to secure financing against the home once the house is complete. At home completion, the balance owed the developer would be paid and the buyer ends up with a mortgage in Costa Rica for the house.
I am an all cash buyer. How will my money be protected and handled during the construction process? - Your funds will be deposited into a Title Insurance by LandAmerica Commonwealth Title Of Central America® escrow account. The funds will be released in accordance with the escrow instructions. Fund control will be managed by Title Insurance by LandAmerica Commonwealth Title Of Central America®.
How much are the property taxes? - Property taxes are very low in Costa Rica compared to that of the United States and Canada. The property tax in Buena Vista I and II is an annual rate of 0.25% of the assessed value. The assessed value is determined at the time of the sale. The municipality is responsible for collecting the municipal government property tax. There is also a local community government charge, for Municipal Services. This is based on the frontage of the property and varies in each area, but is not to be over $10 per quarter per residence.
How is my property insured in Costa Rica (theft/damage, etc)? - The INS (National Institute of Insurance), a Costa Rican Government owned entity can provide many option for insurance services such as fire, theft, damage, etc.
How do I know that my property purchase is safe? - Title Insurance by LandAmerica Commonwealth Title Of Central America® offers title insurance for property in Costa Rica to ensure you have free and clear title, just like when you buy real state in the US or Canada. Title insurance fees are paid only once, at the time of purchase. Title insurance assures the marketability of your title and gives you no-fault recourse in the event of any problems. When you purchase title insurance, an extensive title search is performed. We have made an arrangement with Title Insurance by LandAmerica Commonwealth Title Of Central America® to secure your purchase by offering title insurance for every property at the Buena Vista sites.
What is the building quality of the homes? - The Construction is being overseen by an experienced North American construction manager. These homes are designed and engineered to withstand the elements of nature. They are set on reinforced concrete piers, joined together by reinforced concrete beams. The entire base acts as one unit. The steel superstructure of the house is welded to plates which are tied directly to the footings. Aside from the main steel carrying beam, the entire structure is galvanized steel, essentially a post and beam type construction, where the weight is transferred to the structural piers.
- Structural, electrical and mechanical systems have been rigorously studied and certified by the Costa Rican College of Engineers, which has to approve all new structures in excess of 30 m2. This is to ensure the safety and durability of new construction in Costa Rica.
- The exterior consists of a fiber-cement type board covered with a wire mesh with 1.5 cm. of mortar, which is then covered with a stucco finish. The windows and doors are a superior-quality European designed reinforced vinyl. The steel roofing is enameled inside and outside. Outdoor decking consists of heartwood teak planking. Ceramic floors for both kitchen and bath are imported from Italy and the fixture and appliances are American style. The interior floors are teak as standard. The interior walls are insulated and dry walled. Kitchen cabinets and bathroom vanities are handcrafted locally using Costa Rica woods.
Is there a Property Management company (how is the property maintained when I am not there)? - There will be a management company on the property hired by the HOA which will handle: landscaping, all rentals, and concierge services.
- You can rent the property as long as it is accordance with the homeowners approved by-laws (CC&R’s). The management company will assist you with your arrangements.
- There are homeowner fees to allow these amenities. They are estimated to be $200.00 per month per homeowner.
What is included in my home? Standard Features: - Municipal water supply for all Buena Vista I homes
- TV cable available
- 120VAC, 220 VAC (American style outlets)
- Each home will have a separate septic tank
- Imported Italian 6 burner stove
- Other kitchen appliances are GE
- GE Washer and Dryer standard
- Teak floors
Options: - One or two story options (option may depend on lot location)
- Casita (guest house)
- Garage
- Jacuzzi (hot tub)
- Teak floor planking
- Expanded decking
About Health Insurance in Costa Rica What kind of medical services can I expect in Costa Rica? - Reliable medical services are available in Costa Rica.
There are well-trained, competent doctors, dentists, ophthalmologists and specialists practicing in all the major cities. Many have studied in the United States, Europe or Canada and most speak English. The capital city of San Jose has numerous modern and well-equipped hospitals and clinics. - Costa Rica offers visitors and tourist low-cost medical insurance while in the country through a program introduced by the Costa Rican Social Security office and the International Organization of Cultural Interchanges (OICI). The coverage can be purchased at travel agencies, language schools or through many tour companies.
- Go to www.hospitalcima.com to see the newest private clinic in San Jose. In Tiliran (sometimes spelled as Tilaran), there is an emergency medical facility which can be used for emergency primary care.
- In nearby Canas (14 miles), there is a full service hospital. (completed 2006)
- Liberia offers additional medical facilities.
About Costa Rica What about the Government in Costa Rica? - Costa Rica is a democratic republic. Under the 1949 constitution, all citizens are guaranteed quality before the law, the right to own property, the right of petition and assembly, freedom of speech and the right of habeas corpus. The constitution also divides the government into independent executive, legislative and judicial branches. The executive branch is composed of the president, two vice presidents and a cabinet. The legislature is the National Assembly, composed of 57 members (diputados) elected by proportional representation. National elections are held every four years, on the first Sunday of February. Under a constitutional amendment enacted in 1969, a president may serve only one four-year term during his lifetime. Diputados also are elected for four years and may serve a second term four years after the first ends. The largest political party is the National Liberation Party (PLN). Its main rival is the more conservative Social Christian Unity Party.
What is the weather like in Costa Rica? - Costa Rica is a tropical country which contains several distinct climatic zones. There is no winter or summer as such and most regions have a wet season from May to November and a dry season from December to April. Annual rainfall averages 100 inches nationwide with some mountainous regions getting as much as 25 feet on exposed eastern slopes. Temperature is more a matter of elevation than location with a mean of around 72 degrees in the Central Valley, 82 degrees on the Atlantic coast and 89 degrees on the Pacific coast.
Give me an overview of the geography of the Country - The country is divided by a backbone of volcanoes and mountains, an extension of the Andes-Sierra Madre chain which runs along the western side of the Americas. Costa Rica has four distinct cordilleras or mountain ranges -- Guanacaste and Tilaran in the north, Central and Talamanca in the south. The country's highest point is Mt. Chirripó (3,797 meters). The capital, San Jose, and the neighboring major cities of Alajuela and Heredia lies in the middle of the Meseta Central (Central Valley). Almost two-thirds of the nation's population live in this small, fertile valley. The Pacific coastal plain is much narrower than its Caribbean counterpart. Both coasts are lined with white and black sand beaches.
Population and language - There are four million people in Costa Rica with close to one million in San Jose and the Central Valley. The people, "Ticos" (as Costa Ricans are affectionately called), are self-assured, characterized by genuine friendliness and tremendous pride. Foreign travelers are warmly welcomed. Spanish is the official language with English widely spoken.
This FAQ is only intended to provide general information. It is not intended to be relied upon as legal, accounting, tax, or other professional advice or services. Please consult with legal counsel and a tax advisor to address your concerns.
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FAQ´s 
