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Frequently Asked Questions (FAQ)
Costa Rica La Fortuna Insights
How much do I have to invest in a property to be eligible for residency?
To apply for Costa Rican residency, you must invest in a property of at least $150,000 USD. If your property costs less than this amount, there are other legal ways to make you eligible.
- Appraise your property if it is valued above $150,000 USD (this may increase your property taxes a lot if your property is undervalued)
- Add more construction to the property if it’s valued less than $150,000 USD
A good residency lawyer would be able to help you navigate these situations.
What makes a property attractive for income?
Most tourists stay in La Fortuna for 2-3 days, often drawn by the area’s famous hot springs, making proximity a key factor for rentals.
Rental properties in high demand are typically modern, elegant, and well-designed, with features like a pool or jacuzzi, and located within 5-20 minutes of La Fortuna’s center. Properties closer to town (within 5 minutes) see notably higher reservations. For those further out, offering unique amenities or an elevated experience becomes essential to attract guests.
Should I use a private lender to finance my property?
We do not recommend private lenders due to their high interest rates, which can reach up to 18%, plus a broker fee of 3-4% of the loan amount. Additionally, these loans place a lien on your property, giving the lender rights to seize it if a payment is missed.
Instead, we suggest seeking seller financing, as some sellers may offer terms of 5% interest over three years for up to half of the asking price. Alternatively, if the property has an existing mortgage, the buyer may assume it as a favorable financing option.
What happens when there is a mortgage on the property?
If a property has an existing mortgage, the seller has two options: they can pay off the mortgage upon receiving payment from the buyer, or the buyer can assume the mortgage and continue payments under the seller’s name. In Costa Rica, an unpaid mortgage results in a lien on the property; once ownership transfers, this lien becomes the buyer’s responsibility.
Assuming a mortgage can be advantageous, especially if it’s a long-term bank mortgage. However, non-residents are not eligible for Costa Rican bank mortgages, limiting their options to private lenders or owner financing, which typically only extend terms up to three years.
What does the lawyer check in the system when I’m interested in a property?
The lawyer checks the plano catastro number or property number in the government system for clean title, mortgage, defects, liens, concessions, etc, to make sure that a property is safe to buy.
Do I have to use a Costa Rican lawyer?
Yes, in order to purchase a property in Costa Rica you must use a local registered Costa Rican lawyer. Only they have access to the system to register your property.
How much is Escrow fee?
Escrow fee is normally a flat rate of $1,000-$1,500.
How do I bring my money from my country to Costa Rica safely?
To bring money to Costa Rica, buyer must use a third party Escrow, who will verify that your money is clean (request for legal document inheritence, sold property, income, etc). Escrow holds the money until purchase document is signed and releases funds to seller, agent, lawyer.
Who pays the real estate agent?
Seller pays real estate agents usually as most of them will pay a 5-8% referral commission; this commission is shared among agents. Buyer is not responsible for this fee.
How much are closing costs and who pays for it when buying a property?
Closing fees (lawyer fees, government taxes & stamps, escrows) are usually 4% of the property price; the buyer is responsible for paying this.
How is the weather in La Fortuna?
La Fortuna is a rainforest on high altitude – it rains at least 3 times a week, which keeps the temperature cool. Normal temperature is 23-30C (73 to 82F). This weather is ideal for growing all kinds of fruit trees!
Where is the nearest airport near La Fortuna?
There is a local Airport (Sansa) that flies from both Liberia and San Jose Airports – the La Fortuna airport is a 15 minute drive from La Fortuna. La Fortuna is 2.5 hours drive from both San Jose Airport and Liberia International Airport.
Where is nearest hospital near La Fortuna
There is a hospital being built in La Fortuna centre, which will raise the price of the land by a lot!
Where is the nearest border from La Fortuna?
The closest border to La Fortuna is Los Chiles, the Nicaragua border, which is about 1.5 hours drive away. You can go get entry/exit stamped at Nicaragua border and re-enter Costa Rica within the same day (or hour).
How long can I live in Costa Rica without residency?
Technically you can live in Costa Rica indefinitely as long as you do a border run every 6 months.
Do you need residency to buy property in Costa Rica?
No, foreigners do not need residency to buy property in Costa Rica – just cash!
Discover the Hidden Gem of La Fortuna, Costa Rica: A Perfect Investment Opportunity
La Fortuna, known for its stunning natural beauty and vibrant tourism, remains an affordable haven for property investors. While it attracts many tourists, the surrounding areas are still relatively untouched by expats, offering cheap properties ripe for investment. As property values continue to rise, investing here is a smart move, especially with the potential for Airbnb income.
Natural Hot Springs and Wellness Benefits
One of La Fortuna’s main attractions is its thermal hot springs, locally known as aguas termales. These naturally heated waters range from 32°C to 43°C (90°F to 110°F) and are rich in minerals that provide therapeutic benefits. The mineral-laden waters have been celebrated for over 200 years, effectively treating various ailments and offering relaxation. The region’s hot springs are not just a tourist draw; they contribute to the wellness lifestyle that many locals and visitors enjoy.
Search Properties near La Fortuna here.
Abundant Natural Resources and Fertile Land
The fertile volcanic soil around La Fortuna, enriched by ample rainfall, creates optimal conditions for gardening and agriculture. This nutrient-rich soil supports a variety of crops, making it easy to grow fresh fruits and vegetables. Local farmers can produce organic produce year-round, contributing to a vibrant local food scene. Residents also have the opportunity to cultivate their own gardens, promoting a sustainable and healthy lifestyle.
Quality Water Supply
Another significant advantage of living in La Fortuna is the high-quality water. The tap water here is sourced from natural springs, ensuring it’s clean, fluoride-free, and mineral-rich—ideal for health-conscious individuals and families.
View of Arenal Volcano
The Arenal Volcano is a powerful place that looks different every day, so it’s always a surprise to see. People love spotting it through their windows or while driving. Many believe that if you make a wish here, the volcano’s energy makes it stronger.
Search Properties near La Fortuna here.
Investment Potential
Additionally, property taxes in the area are low, with many homes costing around $100 per year, making it even more appealing for investors. You do not need residency to buy, own, or live in Costa Rica. Border run at Los Chiles is only 1.5 hours away.
If your goal is to generate rental income, focusing on properties closer to La Fortuna is ideal, given the area’s high tourist traffic. Downtown La Fortuna is conveniently located just:
- 15 minutes from La Fortuna Airport
- 1 hour from Nuevo Arenal
- 2.5 hours north of San José
- 1 hour south of Arenal
- 1 hour north of Ciudad Quesada
- 3 hours east of Tamarindo
- 3 hours north of Jaco
La Fortuna is also conveniently located near other breathtaking tourist attractions, such as Rio Celeste in Parque Nacional Volcán Tenorio. This stunning river is famous for its mesmerizing turquoise waters, which create a magical atmosphere. Swimming in Rio Celeste is not only blissful but also incredibly refreshing, making it a must-visit destination for nature lovers and adventure seekers alike. With its close proximity to such natural wonders, La Fortuna serves as the perfect base for exploring the diverse beauty of Costa Rica.
Search Properties near La Fortuna here.
Your Piece of Paradise Awaits
Contact us today if you’re ready to explore properties in La Fortuna and invest in your piece of paradise. With its unique blend of natural beauty, affordability, and investment potential, La Fortuna is the ideal location for both living and earning in Costa Rica!
Final Thoughts
With the world feeling more chaotic, prices rising, and politics growing more complicated, Costa Rica offers a refreshing alternative. Known for its abundant fresh fruits and vegetables, warm weather all year, and rejuvenating hot springs, it’s a place where life feels simpler. Costa Rica combines natural beauty with practical benefits: low taxes, opportunities for income, and a sense of freedom that makes it a true paradise for those looking to escape the noise.
Jing is an exceptional realtor. She was very informative and helpful from day one. I am grateful for her hard work and patience throughout the whole process. We are now owners of a house in beautiful Costa Rica thanks to her. I 💯 recommend her if you are looking and trying to purchase or sell a property.
Jing was very informative when I was looking for my home. She stayed with me during the entire process and also helped me with translations and other things that “popped up” that is expats would not be aware of. She takes the extra step and goes far and beyond what any other realtor I’ve dealt with in Costa Rica. I highly recommend her! Thank you Jing for helping me find my dream home!
The hardest working agent in La Fortuna! If you’re looking for an agent who’s sharp, motivated, and responsive, look no further. Jing is well informed, dedicated to her clients, and trustworthy. I’ve found working with her to be a pleasure, and recommend her with confidence!
I was in the process of selling my house in Fortuna Costa Rica, I was working with a couple realtors… but no luck for whole year untill I met Jing…My house was sold in less than 3 months! I really enjoy Jing’s company and professionalism. We’ll definitely keep working with her.
Jing was very knowledgeable and resourceful which was a huge plus for us buying internationally . She also always answered our questions in a timely manner. We Appreciate her expertise and knowledge greatly!
Jing went the extra mile in helping me find the right property and supported me through every step of the purchase. The prospect of purchasing in another country was a little daunting initially, but in the end Jing’s caring nature and services made the process pretty simple. Highly recommend her!
My buyer clients and I, are impressed with the hard work and dedication shown by Tropical Glow. As a Remax agent my self, I would be more than happy to work with Jing anytime! Hopefully we can close many more deals together.
My house-hunting experience has been great! Jing is very attentive, proactive and she totally has your back. Highly, highly recommended!!!
Jing is very knowledgeable and eager to find the right property for her clients. She is a great resource for all things Costa Rica. Highly recommend her services.
I’m eager to team up with Jing again anytime! I like her line of work, easy, reliable, prompt and right into what and when is needed! Able to look out for solutions right then and there!
Jing hace todo lo posible para ver cualquier propiedad que te interese. Ella siempre está dispuesta a mostrarte y explicarte de las propiedades con gran detalle no importa el día y la hora siempre está dispuesta para ayudarte y darte información de lo que necesites saber de dicha propiedad la recomiendo 100% no te arrepentirás de buscarla y pedirle ayuda gran persona
If you are looking for an efficient and knowledgeable agent, Jing is the one. She will help you find what you are looking for, in your price range and desired style.