Buy or Rent — Making a Decision for a Nosara Luxury Vacation Home

Once a sleepy tourist town, Nosara has become one of the most desirable places in Costa Rica for all seeking luxury real estate. Whether your decision is to rent or buy, Nosara offers numerous options to browse through.

However, since this is a major financial decision, it’s important that you take all aspects of investing in Nosara real estate into account before making your choice, especially since you’re investing in a foreign country.

Nosara, A Place to Invest

Though Nosara is a small village, the expat population has helped it grow in many ways with regards to its economy and its real estate.

Foreigners who want to buy real estate have the same rights as locals. You may outright buy property under your own name, or in the name of a business or corporation. But stay smart, and hire a reputable lawyer and utilize the services of a reliable real estate company to help you search for the best property.

If you want to rent a property though, determine your budget. It may be more beneficial if you receive your income from rentals, since you can use that sum to gain back your investment.

However, be advised; if you are to purchase a property in Nosara, gather a majority of buyers. Form a corporation and use legal representation to purchase your choice in real estate. We stress the importance of this fact because;

· It saves your property from being taxed under personal income. Rather, it would be taxed as a Costa Rican company. Although, the result of this decision may depend on the laws of your country from which you’re applying.

· It allows a simplified method of estate planning. You can use this property and its benefits and give away shares of it to different members of your family.

· If you sell your property in the future, you can avoid property transfer taxes since you’ll only have to transfer shares to a new owner.

· Your lawyer will also be able to confirm that there are no discrepancies or restriction on the title of the property in question.

Understanding the Importance of Nosara Real Estate

Since you’re looking into high-end property in another country, consider making your purchase by comparing your options.

When talking about luxury real estate in Nosara, most think that the best option is to buy.

However, consider how buying or renting may benefit you, in terms of finances as well as amenities, location and more on a long-term basis. Century 21 Nosara can help you make that decision.

Century 21 Nosara provides the expertise of their licensed lawyers and bilingual staff so you make the right investment for your future. Use the expertise of Nosara real estate in Costa Rica!

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