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Done right, investing in real property can be a sound financial move. However, it does come with a few risks. You’ll want to make sure it’s the right move for your portfolio. Here are a few essential things you’ll want to know:
Your buying goals
Are you buying property to live in or for investment purposes? Do you want to rent it out or do you eventually plan on moving into the home? Is it going to be a weekend getaway place for you and your family or a retirement home? By knowing what your buying goals are, you have a better idea if beachside condos in Costa Rica are the right choice for you or if you should go elsewhere.
Picking out an agent
One of the most important decisions you will have to make is to pick out a real estate agent. Buying property isn’t easy and there are a ton of legalities and paperwork you will have to wade through. By hiring an agent, you have someone to guide you through the process. This will ease the confusion and ensure you make little to zero mistakes.
Know the fees
You might need to cover several fees and charges. From management fees and association dues to transactional fees. Also, it pays to get an inspector to look at the property, says Investopedia. That way, you’ll know if you’re buying a sound investment or not. That’s also going to mean paying for inspector’s fees.
Piece of advice
Don’t try to take this on alone. Buying beachside condos in Costa Rica can be complicated. By finding the right agent, though, the process will go so much easier for you. If you want a convenient and stress-free buying experience-whether for a home or investment-hire a reliable and credible real estate agent to help you out.