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Author Topic:   cost of living
namvet68
Full Member

Posts: 11
Registered: Mar 2006

posted 03-18-2006 05:58 PM     Click Here to See the Profile for namvet68     Edit/Delete Message   Reply w/Quote
Contemplating retiring in CR within the next 24 months. Am curious about what it will cost to live there. We have about $300,000 to spend on a house plus would have about $60,000 per year to live on . What will this get us in CR.??? Would appreciate opinions or referrals to sources of info. Thanks

LadyWriter
Full Member

Posts: 294
Registered: Dec 2004

posted 03-19-2006 03:22 AM     Click Here to See the Profile for LadyWriter     Edit/Delete Message   Reply w/Quote
You'll be living like royalty, and as such, will need a gated community and guards to protect you and your assets. I'm building a 1800 sq ft luxury, custom home in the Central Valley -- total cost $60,000. The average Tico lives on $300 a month, a dentist/doctor makes about $1200 on average. What you have to live on far exceeds what a Tico professional makes.

namvet68
Full Member

Posts: 11
Registered: Mar 2006

posted 03-20-2006 10:34 AM     Click Here to See the Profile for namvet68     Edit/Delete Message   Reply w/Quote
LadyWriter. Let me clarify..we do not want to live in a "sterile" American only type community. No sense in moving if that were the case. Are there upperclass gated communities that would give up the best of both worlds? Your custom home sounds interesting...we don't necessarily have to spend $300K on a house. 1800/2000 sq. ft. on one level with a pool and a little land(we have 2 border collies) would be great. Would appreciate your input.

dac8555
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Posts: 266
Registered: Jun 2005

posted 03-20-2006 01:38 PM     Click Here to See the Profile for dac8555     Edit/Delete Message   Reply w/Quote
$300 k will be a nice house. I believe the price of ladywriters house, but i am not sure if that includes the cost of land, and if that is "luxury" by foreign standards.

There are not many homes that are american style construction here...composite roofs, brick, with wood frame.

For what you are looking for....you can easily do for $300k. you will see drastic variations in prices depending on where it is. If want a super nice sub division like valle del sol......much more expensive. you will only find a few in that price range i think. If oyu want to buy the land yourself and construct, you can get much more.

I VERY much advise renting first. If you are asking that question, it mean you dont understand the country....and you WILL be had.

The cost of renting right now is about 1/2 the cost of buying, and the prices of homes are not skyrocketing any more.

please consider renting for 2 years first, and investigating many places before oyu build. You will thank me later.

dac8555
Full Member

Posts: 266
Registered: Jun 2005

posted 03-20-2006 01:41 PM     Click Here to See the Profile for dac8555     Edit/Delete Message   Reply w/Quote
oh, yeah...60k per year is a VERY nice salary here. that is more than the minister of finance makes...actually, it is more than the president of the country makes.

you will have no problems with that. HOWEVER...dont go showing it off too much with fancy cars and such. Modesty is a much better policy here.

namvet68
Full Member

Posts: 11
Registered: Mar 2006

posted 03-20-2006 02:40 PM     Click Here to See the Profile for namvet68     Edit/Delete Message   Reply w/Quote
Thanks to all for your information. I understand what you are saying about not "showing off"...we just want to live comfortably and enjoy the real CR. Also most certainly wouldn't buy without spending a year down there beforehand. Thanks

LadyWriter
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Posts: 294
Registered: Dec 2004

posted 03-22-2006 04:19 AM     Click Here to See the Profile for LadyWriter     Edit/Delete Message   Reply w/Quote
The total cost of my house with 1/2 of land will be under $85,000, and yes, my house is very high-end according to American standards -- I have tongue and groove ceilings, granite countertops, a custom fireplace, glass tile mosaics in the master bath, as well as very expensive toilets and bidets, custom light fixtures, etc. The community in which I built has a mix of cultures -- nobody built a house that cost more than $100,000, and most cost about half of that. We are a secure neighborhood with a guard. I can't even imagine spending 300 grand on a house in Costa Rica, nor would I want to live in a development with other people who did. You can put in a pool for five grand. I'm thinking of doing that -- a lap pool -- and the cost is about three thousand. But the advice to rent first is a good tip -- I didn't do that -- I bought on my first trip ever and started building immediately, and I'm very glad I did, but that routine doesn't work for everyone.

namvet68
Full Member

Posts: 11
Registered: Mar 2006

posted 03-22-2006 07:09 AM     Click Here to See the Profile for namvet68     Edit/Delete Message   Reply w/Quote
LadyWriter WOW!! Sounds like exactly we are looking for. Put in the pool and fence it in for the border collies and we will buy it! (ha-ha)Your input was exactly what I was looking for. If you ever want to brag about your new home would be more than happy to look at pictures. All we are able to find on the internet are "gringo" houses at "gringo" prices. Email at namvet68 @fidnet.com(no spaces) Thanks for the info

namvet68
Full Member

Posts: 11
Registered: Mar 2006

posted 03-22-2006 08:51 AM     Click Here to See the Profile for namvet68     Edit/Delete Message   Reply w/Quote
LadyWriter...are you possibly Maravilla on another forum?? Be sure to put me down for a copy of your article!!

dac8555
Full Member

Posts: 266
Registered: Jun 2005

posted 03-22-2006 09:18 AM     Click Here to See the Profile for dac8555     Edit/Delete Message   Reply w/Quote
ladywriter

wow. i have never heard of that. I live in a small rental house (1000sq. ft) my father in law built (2br, 2ba) over 3 years ago. he bought the land 30 years ago, did the design himslef, is a tico, so he got tico prices...just construction was over $50k each (not including land and other costs. nothing luxury, no marble just tile. I have never seen a luxury home for that price.

the chapest "luxury" home i have seen (granted in the central valley) in a safe guarded area on 1/2 acre was over $250k.

how big is your house? it is a stand alone house with a yard and such??? My neighbor is about a 60 years old canadian and has been coming here for 15 years ...also commented the other day that he is renting next to use becuse he said he cant find anything decent and safe around $100k.

a pool for $3k??????? A jacuzzi is $3500 last i checked!

where are you located?????? Is there anything for sale there?

maybe there are good deals left!

LadyWriter
Full Member

Posts: 294
Registered: Dec 2004

posted 03-22-2006 02:58 PM     Click Here to See the Profile for LadyWriter     Edit/Delete Message   Reply w/Quote
My construction costs ran about $34 a sq ft, will be about $38 per sq foot after I've furnished the place. I looked at all those gringo prices for gringo houses on the net and decided that most of them were a rip-off -- of course I don't live in a "chic" gringo community -- I live among campesinos, and that was just what I was looking for. Yes, I have photos. Email me and I will send you a couple so you can see what I did. As for those high-end gringo enclaves? Those are the people I've been trying to get away from, so I'm sure not going to move to a foreign country and put up with them there! LOL

SURFDWEBCOSTARICA
Recent Member

Posts: 7
Registered: Mar 2006

posted 03-27-2006 11:19 AM     Click Here to See the Profile for SURFDWEBCOSTARICA     Edit/Delete Message   Reply w/Quote
And for you guy and gals who like living IN TICOLAND , but find it kind of expensive, though everything is close to walk, but if you need wheels instead blowing a chunk on a 4x4 or a 4 banger which will get stolen or broken into sooner or later think smart and get a scooter!! (MEANING MOPEDS FOR YOU YANKEES OUT THERE)
We found out scooter 50cc & smaller do not require driver a license. you can drive it or park it anywhere. at night I park it inside my cabina! no problemo! get this dude! it does about 100 miles per gallon! great for surfing or a trip to the next town. we do tours up & back to San Jose & along the coast during the weekend! Maan! well worth a $800 buck for a new one! freinds of mine split three way on theirs.
***TO SAVE YOU THE HEADACHE IN FINDING THE BEAT DEAL I FOUND A U.S. SCOOTER DISTIBUTOR RIGHT HERE IN SAN JOSE THAT SELL THE BEST QUALITY FOR THE CHEAPEST !!
THEIR NUMBER IS 800-SCOOTER AND I BELIEVE THE WEBSITE IS WWW.SCOOTERS.COM OR SOMETHING VERY SIMILIAR.
THEY ALSO SELL 750W ELECTIC SCOOTER THAT GOES PRETTY FAST! GREAT FOR FLAT LAND LIKE THE BEACH, BUT THEY DON'T LIKE THE HILLS TO MUCH
WELL PURA VIDA AND PARTY ON!

erikvik722
Recent Member

Posts: 11
Registered: Feb 2006

posted 03-27-2006 01:31 PM     Click Here to See the Profile for erikvik722     Edit/Delete Message   Reply w/Quote
Hello SURFWEBCOSTARICA,
What about someone like me who will be driving up the mountain and has to cross two small rives twice a week? I will be out in the rural areas as well as the beach and have to haul a rototiller and tools for my research on organic farming.I don't think that any one will steal my big old bathtub on a dead end in Liberia or up on a deadend in the mountains. Anyway i've been ripped off once in Baja, once in Mexico City and once in CR on abus in Puntaranus. i'm used to living on less.
I would like to think that some of us may have a mission in CR nt just there for fun or to rip the Ticos off by pushing up the price of land with our big American dollars.
Erik

Jim Cocke
Recent Member

Posts: 12
Registered: Apr 2006

posted 04-02-2006 03:47 AM     Click Here to See the Profile for Jim Cocke     Edit/Delete Message   Reply w/Quote
NamVet:

Money is not your problem. You have way more than enough.

I admittedly did not read the entire thread above.

You also don't really need to spend a long time living here to prevent being "had."

I am living in Playa Chiquita on the Caribbean coast. I am renting now, but am buying asap. Probably a matter of weeks. I just want to live between Puerto Viejo and Manzanillo.

If you did a tour, you are a saavy guy. You will do great here. About the only thing I think you should consider is the risk of buying concession land (land without a title: either Indian reservation land or refuge land, etc.) It is easy to research. I would not buy concession land without consulting a good attorney in San Jose.

[You might be okay hiring a local atty to buy titled land, but I would get a heavyweight atty in San Jose if you are looking at concession property.]

I personally know of dozens of houses in my area for sale that are not in gringo-like suburbs, of course, but regular local neighborhoods. Mostly European neighborhoods, not American. And it aint no gated community! Some are above your price range, but most are not.

I used to live in the USVI and lived aboard my sailboat for 6 years in the Caribbean. CR is a great place to flee from Uncle Sam and Dubya. There are hundreds of Vets in the Virgin Islands who never set foot in the States, and haven't since, since their tour was up.

I prefer the Caribbean coast, but the whole damn country is gorgeous. Just personal preference.

I house hunt both with and without an agent. I have had much more luck without an agent. But, I recommend you find a good one in the area you like and get references from locals about him. Then, stick with him until you hear the agent down the street is sitting on a cherry listing he has not formally listed with others yet!

Jim Cocke
Recent Member

Posts: 12
Registered: Apr 2006

posted 04-02-2006 04:01 AM     Click Here to See the Profile for Jim Cocke     Edit/Delete Message   Reply w/Quote
I am not sure I fully understand all the talk about "not imagining a house for $300,000 in CR."

It is no doubt different in the Meseta Central, but there is absolutely no shortage of fine homes for sale on the Caribbean coast for $300,000 - $350,000.

Now, you don't have to spend that. You could spend half (or maybe 75%) of that and be marvelously happy, because you would have a superb house.

It is all in what you want. The $300,000 and up homes often are big enuf to have a spare room or two to rent - or a separate cottage to rent. Something to think about -that rent income stream.

I personally want to buy a house with some rent income potential. Very common on the coast.

If you get interested in the Caribbean coast, I would be happy to show you some homes (as a friend, not as an agent, or a unlicensed commission sales hustler) in your range. Then you could hire an licensed agent. (I know all the ones in my area.)

But, first maybe think about what location you like - all provinces are very different. Then think about build vs. buy.

Some guys have built before and CR is not a bad place to build your own home, acting as the building supervisor yourself. Most buyers who are not builders (at least on some level) tend to just buy a property with a house.

I am a framer and know the local building crews, but I want to buy a house, not build one. The labor is good, but building roads and obtaining materials on time can be troublesome.

I agree with all the pool price info above, BTW. This is a superb place to build a pool at a reasonable price.

Alot of my friends have been getting some really nice tiles and stone from Columbia lately. The wood, roof, etc. is all local stuff, but sometimes people like nonlocal tile and trim work.

Jim Cocke
Recent Member

Posts: 12
Registered: Apr 2006

posted 04-02-2006 04:17 AM     Click Here to See the Profile for Jim Cocke     Edit/Delete Message   Reply w/Quote
erikvik722:

I help two local non-profit ecological foundations, one concentrating on organic agriculture and the other with financial assistance for small local farmers.

As such, I have to have a pickup, too. To haul construction supplies, farming equip, etc.

But, I also have a contract to buy a 125 Dirt bike next week (if I don't go crazy and get a Suzuki 650 in San Jose!)

FWIW, a dirt bike is much safer than a 50 cc scooter. Yes, it costs more, but you can cross rivers, go up mountains, and
down jungle trails - like the ones in the Retama around Manzanillo. (But, please stay ON the trail and not rip up the pristine jungle!)

I have ridden bikes all my life and while scooters are cheap and convenient, I hope I do not have to resort to one too often from here on. If you try a 50 cc scooter and then hop on a Kawasaki 125 or Yamaha 125 dirt bike, I think you will see what I mean. A dirt bike is not going to take a spill on soft mushy gravel like a 50 cc scooter.

If you do like scooters, just get the bigger 100 cc or 125 scooter. You can look at a really nice 125 scooter at Dragon Rentals in Puerto Viejo. (I hate the fact that most are "automatic," but, alas, it IS a scooter.) Obviously it costs more than the 50 cc scooter, but it provides a whole different level of power, comfort and safety.

lberrios4
Recent Member

Posts: 1
Registered: Apr 2006

posted 04-03-2006 03:12 PM     Click Here to See the Profile for lberrios4     Edit/Delete Message   Reply w/Quote
Hello everyone,
I've heard a million good things about CR and am considering retiring there in the near future. I speak fluent spanish, so I have a bit of an advantage. Those of you who have or are living there, is it all that it's supposed to be? I live in Virginia Beach, VA at the moment...considering Florida or CR. Any advise will be appreciated.

escazunews
Full Member

Posts: 21
Registered: Sep 2005

posted 04-04-2006 02:39 AM     Click Here to See the Profile for escazunews     Edit/Delete Message   Reply w/Quote
This is a great info about cost of living based on a colegue
of mine did www.grupoci.co.cr i just translated into english
this based in a family with 2 kids in private school living in
central valley on a monthly budget

FAMILY BUDGET
Hipótesis: Parents with 2 kids in Bi lingual "High School"
CONCEPT ESTRATO SOCIO ECONÓMICO:
Medium Medium Medium high high
rent $700 $1000 $1400
school
(no bus no meals) $590 $700 $700
Supermarket $400 $500 $600
Insurance Medical
(INS plan ¢6.000.000,00)$115 $115 $115
Maid service
( incluye 45% prestaciones $230* $320 $320

Publc Service
Energy $40 $45 $56
Phone
(850 impulsos sin Internet ni celular)
$13 $13 $13
Long distance ( global aproximado)
$20 $30 $40
Celular (200 minutos) $24 $24 $24
Internet (Racsa, plan tarifa plana 90 horas)
$35 $35 $35
Televisión per Cable Amnet o Cable Tica
$27 $27 $27
water (global aproximado)$10 $15 $20

VEHÍCULOS Car
Gasolina (250 litros mensual por 2 vehículos x US$ 0.60)
$150 $300 $300
insurance (US$22,500 x vehículos x 4.5% x2 semanas
$169 $338 $338
year taxes (derechos circulación anual)
$25 $50 $50
Mantenimiento (global aproximado)
$50 $100 $100
Extras (misceláneos, otros, etc.)
$771 $1075 $1241

TOTAL Monthly BudgetL $3342 $4600 $5379
** 1 vehículo/car

also check
Business Environment http://www.cinde.org/index.shtml

Costa Rica Technology Insight 2006 http://www.costaricainsight.com/

for internet / cable http://www.directv.co.cr/english/index.htm http://www.racsa.co.cr/english_version/

hope this helps daniel
http://groups.yahoo.com/group/escazurealestate/ http://groups.yahoo.com/group/escazunews/


also

THE ESCAZU NEWS is free, an informative monthly news letter in spanish and in english of the western area of San José, Costa Rica including Escazu, Santa Ana, Ciudad Colon, Rohrmoser and others
With information of services as of plumbers, electricians, restaurants, general services, schools, tutors, from a personal view of its editor, also comes with the column
of the Mayor of Escazu and of the city Hall of Santa Ana, and lots of useful information ,. With 9 years of publication via e mail and read world wide To get a free
subscription send and e mail to escazunews@racsa.co.cr

Rancho Ricco
Recent Member

Posts: 1
Registered: Feb 2009

posted 02-25-2009 12:26 PM     Click Here to See the Profile for Rancho Ricco     Edit/Delete Message   Reply w/Quote
Jim Cocke, it's good to hear you involved in beneficial work with the Costa Rican environmental non profits, and, EricVic722, it's good to hear you talking about a mission and not driving up prices, and, NamVet68 it's good to hear you talking about not wanting to live in sterile gated communities. I live in Guanacaste, the Peninsula Nicoya. For me this is the most beautiful part of Costa Rica and the people are so wonderful. I am very integrated into my small community where everyone helps their neighbors. I do volunteer work in the community and with impoverished Costa Rican children, teens, and single mothers. I have 200 acres of land, overlooking the Gulf, where I am in the planning stages of creating an educational nature park. I am also in the planning stages of building a small co-housing condominium community for like-minded people where we can share this beautiful land and life-style and give back to the Costa Ricans who welcome us with open arms. In this kind of small rural community people look out for each other. You need no gates or guards or worry about protecting your assets here. That thinking keeps us all separate and in the long run causes more crime than it prevents for that reason. Yes, this is the "real" Costa Rica.
Cia Ricco

harley59
Recent Member

Posts: 1
Registered: Feb 2009

posted 02-26-2009 08:34 AM     Click Here to See the Profile for harley59     Edit/Delete Message   Reply w/Quote
Thanks Rancho. How much $ Canadian a year approx. to live there?Thinking about getting out of the cold. We don"t need much to live on.Have been very interested Deepaks,Alliance For New Humanity,Your place sounds like the type of place I have heard good about.

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Curtis

Billmcb
Recent Member

Posts: 1
Registered: Jul 2009

posted 07-03-2009 04:09 PM     Click Here to See the Profile for Billmcb     Edit/Delete Message   Reply w/Quote
Rancho, I would appreciate getting your email so I could ask you a few questions!

Thanks.

billmcb320@yahoo.com

edharold
Full Member

Posts: 107
Registered: Nov 2004

posted 07-04-2009 09:11 AM     Click Here to See the Profile for edharold     Edit/Delete Message   Reply w/Quote
If you find a house in the central valley for $60000, you wouldn't want to live their or in it. A decent house in a non gated community and not in a gringo enclave, clean an not needing major repairs would be more like $100K

edharold
Full Member

Posts: 107
Registered: Nov 2004

posted 07-04-2009 09:20 AM     Click Here to See the Profile for edharold     Edit/Delete Message   Reply w/Quote
Also you can easily spend $300K on a house, there are plenty.
Don't pay much attention to people on their first or second post, they usually disappear and maybe show up under another handle.

mediatica
Full Member

Posts: 174
Registered: Apr 2006

posted 07-05-2009 05:14 AM     Click Here to See the Profile for mediatica     Edit/Delete Message   Reply w/Quote
The reality of it is that building costs have gone up since 2006. We finished building a home in a 'gated' community in Rosario de Naranjo and spent about $70 per SF on the construction plus the cost of land. There are many great deals out there--some with owner financing as well.

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www.bwpcr.com
Blue Water Properties of Costa Rica

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