Properties in Costa Rica Blog

Terradyne’s new investment in el Coyol has sparked some interest in Costa Rica and has left some people wondering about the company’s goal behind all of this. To those who don’t know what Teradyne provides, Teradyne manufactures automation products, specifically in the form of medical equipment and systems that help enhance the production process of companies who operate in diverse industries. The Boston native enterprise has been working and providing services in Costa Rica since the year 2000 and as of today, they’re planning to invest more than 20 million US dollars to extend their operations, and of course, their work force and impact in the country altogether.

Constructed in Coyol’s Free Zone, another well-thought-out consideration taken before investing is the prime exporting points offered by the area’s strategic location. Be it through air (Juan Santamaría Airport), or sea (Caldera Port or APM Terminal in Limón), the 24 companies who are already operating in the zone have all enjoyed this benefit and, as a matter of fact, 8 of those 24 are classified as the Top 30 Life Science companies in the world. Along with this exceptional location, companies who work in the park enjoy the benefits of the free trade zone regime, which include incentives such as competitive tax on royalies and fees, 100% income tax exemption for the first 8 years of operation, no custom duties in imports/exports, you name it!

But what do all these investments and companies mean for Coyol or even Costa Rica? Well, first of all, CINDE (Costa RicaI Investment Promotion Agency) reports that 70% of the investment made in Costa Rica by multinational companies has been reinvested year by year, and this means that companies are investing in the country to expand and bring more work opportunities to Costa Rican and expat citizens.

Additionally, another pilar of the Coyol Free Zone is their sustainable real estate development achieved through a well-developed experience in LEED manufacturing, where key qualifications such as building strategies, use of materials, water management, transportations, among other factors are contemplated to ultimately receive the renowned LEED qualification that six of the companies within the park have obtained.

If you learned something new today don’t forget to follow our blogs and page in Facebook for more information on the upbringing of Coyol’s Free Zone and Costa Rica more broadly, until next time!

One of the most important decisions you’ll ever make is investing your hard-earned money in a house and designing it for comfortable living for you and your family.

That said, designing your home that suits your family’s size, lifestyle, and needs can be challenging. But with some careful planning and preparation, you can build a home of your dreams where your family can live comfortably for years to come. Given below are 6 factors you need to consider when designing your house:

1. Make sure the land and location are right for you

Figure out if the site is ideal for constructing your dream home. This is particularly important because the soil conditions can affect the design of your home, which could increase the construction costs. The fact of the matter is, the flatter your site, the more economical it is to build on it. Avoid rocky areas or slopes if you don’t want to spend a fortune on home construction.

Since a home is a long-term investment, you need to give serious consideration to the location of your house. It should not only be closer to your kid’s school and easily accessible to your job but also flexible enough to accommodate the changes you’ll have in your life over the years.

2. Ensure the home design is family-friendly

The structure and design of your home should meet your aesthetic and functional needs. If you have kids, you have to consider their play areas to their risk of playing. How do you want your kitchen and washrooms to be set up, what should be the size of the rooms, how the furniture will be placed are some of the things you need to consider while designing a home.

Making a home plan can be challenging, but you don’t have to do it alone. Various virtual staging companies can help you create a real estate floor plan that best fits your family’s needs.

3. Create your budget in advance

If you are going to build your house, you have to come up with a budget. Knowing your finances is critical to the success of your home-building process. Some of the expenses you need to consider are:

• Construction, materials, labor

• Appliances, fixtures, etc.

• Architect, survey, geotechnical, etc.

• Furnishing

• Municipal or County fees

• Moving

Try to budget an additional 15% – 20% over your project cost for emergencies and unforeseen expenses.

4. Determine the best direction of the house

The direction your house faces is an important aspect you should not overlook while designing your home. Bedrooms, dining rooms, and living rooms should face in the right direction to ensure optimal comfort during the summer and winter months.

Determine the direction your house should face to ensure you are making the most of the elements you are exposed to.

5. Pay attention to outdoor home design

Don’t overlook the outdoor spaces of your home because these spaces have the potential to affect the value and versatility of your home. For example, in the future, if you have plans to extend, your well-thought outdoor home design will make sure that you have enough room for your kids to play outdoors.

6. Consider flex rooms

The rooms need to have the flexibility to transform seamlessly as per the needs of the family. So when designing your home, make the rooms multifunctional with transforming furniture. Another advantage of flex rooms is concealed storage options, which is definitely a plus point for families with children.

If you have worked out the details of your home design in your mind, it’s time to get a real estate floor plan ready. Because if you don’t, executing your home design can be a challenge. You may want to take help from professionals who are experts at transforming your home design ideas into a reality.