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Rob01
5/24/2022 13:04 EST

My wife and I live in North Carolina and are looking to move to Costa Rica in the 2022-2023 timeframe for an early retirement. We'll both be 50 then. We're initially considering Tamarindo, Guanacaste or the surrounding but still open.
One of our current considerations while planning is to rent or buy for housing. We'll rent in the target location for 1 year or so to ensure all works out but we're not sure if buying is the best long term option. Overall this decision is part of the long term financial planning and mapping we're going through now.

Thanks. Rob!

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AshfordTravel
5/25/2022 16:20 EST

As many have said if you choose a beach area it is (at least to us & others) to hot & humid to handle. Plus A/c costs sky high.

We love finally settling in Escazu (central mountains 4000ft), maybe no beach but temps always 65-78, year round and only rains in the afternoon during the rainy season, and rarely during the dry season. And the beach (Jaco) is only one hour and half away!

We were fortunate to buy a condo quickly (2018) at what has turned out to be the low in the market having gone in value the past 10 years (from what it sold last), We then rented it for 3 years at a phenomenal rent, before moving in. It has now easily doubled in value, and new condos going up all around (I just checked) go for a minimum of 570K for a studio! We even have a TICO friend who is a web designer/developer/administrator who wants to buy our place if we ever were to sell, because of our location.

CR is booming coming out of COVID and the salaries all so high for Costa Rican programmers/developers he has had to hire all but two employees from are India!

However the others are definitely right - rent first & it can be difficult to sell (outside of areas like Escazu premium properties where the young rich live).

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tammystravelling
5/25/2022 11:18 EST

We bought a condo in Tamarindo in Dec 2021 in a seller's market. There's wasn't much out there in a lower price range. So in our case it was hard to buy with no inventory. The same thing happened in Canada during the pandemic. Now in Canada the market is changing so hopefully it will be easier for you to buy. You could rent now easily since it's rainy season. The north west is the driest spot to be. We love it in Tamarindo! Tammy

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shermanwc
5/24/2022 13:42 EST

It is easy to buy and hard to sell. We bought an ocean view condo in Tamarindo in 2011 and lived in it full time 2013-2018. It then took us over 2 years to sell it.

Before buying, we visited Tamarindo a few times at different times of the year, We did enjoy our condo and the amenities offered in Tamarindo, although peak tourist times can get quite busy and crowded.

(We now live in southern Nicaragua in a beach community near other family members, including our 2 young granddaughters!)

Renting first is a good idea.

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