If you are shopping around for a condo in Costa Rica, you might not realize that you will need to pay a condo fee as soon as you have closed on your purchase. The condo fee might double or even triple once the HOA takes over the administration of the condominium.
Paige Cain, one of the new owners of the Hotel Mono Azul in Manuel Antonio, shares her experience on buying a hotel in Costa Rica, and her advice to anyone thinking of doing the same.
Costa Rica is unquestionably one of the most amazing places in the world to live. It is at or near the top of every desirability index, but beyond the social network buzz and breathless accounts from lucky journos on a paid junket to paradise, this country really is transcendental.
I have been a real estate agent since before condominiums and gated communities even existed in Costa Rica. Even in those days, security was an issue. Due to a lack of social welfare and being a developing country, petty thievery and breaking and entering has always existed in Costa Rica, so the creation of condominiums was a good idea.
