Budget beyond the purchase price
Property ownership can involve municipal taxes, insurance, maintenance, utilities, legal or accounting support and, depending on the ownership structure, corporate obligations. The amount and timing depend on the property and the owner's situation.
Ask for current figures
Tax rules, municipal valuations and filing requirements can change. Request current information from the relevant municipality, tax authority and your independent attorney or accountant before you budget or close.
Plan for operating costs
For homes and rentals, consider water, electricity, internet, security, gardening, pool maintenance, repairs and property management. Land may involve access-road, drainage, fencing and caretaking costs.
Keep records organized
Maintain closing documents, payment records, invoices and corporate records where applicable. Good records make it easier to obtain professional advice and meet reporting obligations.
This article is general information only. It is not tax, accounting or legal advice; obtain current professional advice for your circumstances.
Frequently asked questions
What recurring costs should owners budget for?
Costs can include municipal tax, insurance, utilities, maintenance, professional support and any obligations linked to the ownership structure.
Where can I confirm current tax obligations?
Ask your independent Costa Rican attorney or accountant and consult the relevant municipal and tax authorities for current requirements.