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What are the advantages of purchasing a lot when seeking Costa Rica real estate?

What are the advantages of purchasing a lot when seeking Costa Rica real estate?

Posted on: March 3rd, 2014 by admin

When looking for Costa Rica real estate you have many different options at your disposal. This includes everything from homes, to condos, to commercial property, to lots. This post will deal with the latter option specifically, as more and more people are opting to buy vacant land when in search of Quepos real estate. Keeping that in mind, read on to discover the benefits associated with doing so…

Flexibility

First and foremost, one of the main reasons for purchasing a lot is to benefit from maximum flexibility. You essentially have a blank canvas for you to build upon as you wish. You can have a property that is designed and created to suit your exact requirements and your tastes. This is something a lot of people prefer, as it can understandably be difficult to find a readymade property that falls in line with your vision.

Low entry price

Aside from the flexibility associated with purchasing a lot, another advantage you will gain is a low entry price. After all, it is going to be much, much cheaper to buy a piece of land then it is going to be to purchase a piece of land with a building on top of it. Of course, you will have to have your own property built. Yet, you have the ability to create something that fits within your budget. Or, you could always sell the land at a higher price to someone else if you are looking to make a good profit.

Long-term appreciation

In fact, if you do decide you are going to keep the land vacant, you will reap the benefits of long-term appreciation. Buildings obviously require a wealth of maintenance if they are to remain in the state they were in when originally built. If you fail to maintain your property you will almost always experience a decrease in value. On the other hand, if you purchase a lot you have an investment that is likely to grow in value over time.

Low carrying costs

Last but not least, another benefit you will gain is that of low carrying costs. This is related to the fact that lots are cheaper to purchase. As a result, if you have a mortgage you can be certain the payments will be a lot less. Your insurance and property taxes will also be cheaper as well.

When you take the four points that have been mentioned into account, it is not difficult to see why lots are becoming one of the most popular options for individuals who are seeking Manuel Antonio real estate. If you are looking for a good investment this is definitely a route you should consider going down.