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Costa Rica’s independence!

Costa Rica’s independence!

September 12, 2022

Properties in Costa Rica

September 15th is a special time for Ticos and Central America. What for, you ask? Well, this date marks the anniversary of the country’s independence, a very important period in its wonderful history. Dancing, school activities, and splendid food is enjoyed as a way of honoring the country’s most authentic patriotic traditions.

Even though it is a very fun and uniting time of the year, Costa Rica’s independence from Spain back in 1821 was not a simple affair, as a matter of fact, it was really until 1838 that Costa Rica became truly independent and that was when it parted ways with the Federation Republic of Central America.  Despite this, Costa Rican citizens still celebrate September 15th and recognize the significance of Central America’s victory.  One of the most important traditions that unites these countries is in fact the Torch Run, starting September 9th in Guatemala, where the Freedom Torch is carried throughout and arrives in Costa Rica to culminate the September 15th Independence Day celebrations.

Parades around the Costa Rican territory are a must, specifically those performed by regional school students. Be it dance or raising the flag routines, the streets are filled with people, especially when it’s time to sing the beautiful national anthem (at precisely 6:00 pm). Of course, there are tons of traditional foods available, ranging from ‘Gallo Pinto’ to ‘Fried Yuca and Plantain’ or if you’re feeling something sweet, ‘Arroz con Leche’ or Rice Pudding. 🤤

All these celebrations are widely available and free to the public, so if you are planning a visit to Costa Rica, follow the beat of the drums and lyres on September 15th and come enjoy the Folkloric shows, typical dancing and music that best represent Costa Rica’s values and traditions. 🇨🇷

Thank you for reading, catch you in the next one.

– Properties in Costa Rica.




13 Smart Real Estate Investing Tips from Successful Investors

13 Smart Real Estate Investing Tips from Successful Investors

September 9, 2022

Properties in Costa Rica

As the pandemic peaked and businesses stopped, many experts said that the real estate market would be one of the last to return to normal. After the pandemic, it surprised everyone with how well it had done.

The road to wealth is frequently meandering and investing in real estate does not come with a map. However, you can take steps to set yourself up for success and place yourself on the correct path. A wonderful place to start is by paying attention to the best tips for investing in real estate from experts and prosperous investors.

We got thirteen property investment advice or tips from professionals in the industry. It doesn’t matter if you are new to the industry or buying your third rental property, you must follow these steps to succeed in this industry or get a property investment service. Without further ado, let us get started.

Why Invest in Real Estate?

Risk and preparation are involved in real estate investing, but the payoff can be substantial. Some of the most compelling arguments in favor of buying property are listed here. (Remember, growth in value and income is not assured. The more you know about the houses and areas you are considering, the better your odds of making a profit). Here are a few reasons people invest in real estate.

Continual Cash Flow

Owning a property increases what you receive monthly. It does not matter if you want to invest in a commercial or residential area, the potentials are high. You can lease your property to tenants. You get rent payments monthly.

Excessive Profit

You can sell your rental properties for significant profit if their value rises with time. You must choose the right real estate business to get those high profits.

Stability over Time

You can hold a property for several years while waiting for it to appreciate because it is a long-standing investment. As you wait for the property’s value to increase, you may also make a monthly income by renting out your real estate.

Tip 1 – Find rental homes in areas that are growing

Rental properties are a fantastic way to become engaged with real estate investments. Look for them in new neighborhoods. Developing communities provide tax breaks and room for growth for prospective buyers. Those who invest in real estate in upcoming areas increase their profits and ensure their revenue matches their costs.

Tip 2 – Diversify your investment portfolio

People often say that the best property to invest in is the one you already own. Even though it is essential to know the area where you are investing, you limit your opportunities to make money when you look for small areas.

If you think about investing in other cities and states, you will have a broader range of options and, in the end, better chances. Investing in a wide area also gives you more ways to spread out your money and protects your portfolio from the fluctuation of local markets.

Tip 3 – Don’t overstretch yourself

You can be highly profitable for an extended period and still go bankrupt if each rental is heavily mortgaged. You will have a decent mix of safety and stretching resources if you maintain some of your rental homes for free. If you execute it correctly, a few longer-than-expected openings or cash flow dips do not have to spell the end of your career.

Tip 4 – Conduct your research

Your reputable and compensated experts may advise you to avoid holding real estate in your portfolio altogether in many situations. They frequently offer the same stale justifications, such as being “illiquid” or “very management-intensive.” Depending on your circumstances, they may have merit, but that is not the primary justification they want you to avoid real estate.

You do not pay stockbrokers to invest in real estate. They have no incentive, no commissions, and no work to do. That is, except they wish for you to buy a pricey, non-traded REIT, in which case you will immediately understand their genuine motives. You must conduct your own research to determine the future cash flow in the real estate industry.

Tip 5 – Consider renting a single-family home

Your best chance of finding the right tenant is with single-family homes. Everyone would like to have a home of their own. Some people cannot or do not want to own property.

Tip 6 – Have several escape routes in mind

Another tips for investing in real estate is to never purchase a home unless you have several departure options. Consider flipping as an example. By purchasing properties with substantial quality numbers, you can reduce your risk factors if you are starting or do not have much spare money.

If you are investing in flips and the market collapses, but the property might generate a negative or level cash flow if rented out, you will lose a lot of money. You can either create wealth by maintaining them as rentals or reduce your risks when things go wrong by flipping starter homes.

Tip 7 – Contact escrow to complete your deal

When you start escrow, the deal is not yet finalized. If you are purchasing off-market, the seller may be a little worried about the transaction and if everyone involved is a real estate agent.

Introduce yourself and let them understand that you will draft the paperwork as soon as the escrow/title firm contacts them. The seller will feel more secure because of the third-party confirmation.

Set the anticipation up front that you would check in on the situation regularly during the escrow term and be sure to do so.

Tip 8 – Learn about your market

It is crucial to research and get expertise in your chosen market before making a real estate investment. You can recognize the current market situation and make plans if you are well-informed on current trends, including any drops or gains in average rent, crime rates, income, and interest rates.

Constantly estimating and anticipating market changes will make you a more successful real estate investor.

Tip 9 – Expect vacancies

You want to prevent a vacancy gap in your cash flow unless you have significant finances. The only way to achieve this is to add it to the cost of transporting the asset. Most property owners must assume that not every month of the year will bring in money.

For some, that translates into a 2% decrease in sales, while for others, it may represent a 10% decline. The trick is to evaluate the property and the renter type and then account for the revenue shortfall you should anticipate yearly.

Tip 10 – Think about investing in non-traditional real estate

Never forget that buying single-family houses or apartment complexes can both be profitable real estate investments. You might make investments in warehouses, industrial space, storage facilities, and office buildings. These all bring in rental income.

With a triple-net lease, where the tenant is responsible for basic insurance and paying the property taxes and upkeep, you might be able to lower total costs when renting offices and industrial facilities. Your investment then generates consistent cash flow with minimal out-of-pocket costs.

Tip 11 – Think of your investments as businesses.

Investing in real estate is a business; like any other business, it needs to be carefully planned, carried out, and managed. People who are good at every level run the best companies. It is one property investing tips you should never forget as a newbie.

Those who do not realize this will have trouble or even fail. No matter how big or small you want to do your real estate investment service, you must run it like a business to succeed.

Tip 12 – Create a budget and a timetable 

A general rule of thumb to apply if you are a new investor is to reserve at least 50% of your budget. When you renovate properties, one problem can often lead to another, and your expense usually ends up being greater than you had planned.

A leaky pipe, for instance, might need to be replaced, the mold damage cleaned up, and the drywall replaced. The same rule applies regarding timeline: if you have a 60-day deadline, plan on the project taking 90 days. Additional costs result in additional time.

Tip 13 – Buy cheap

A dividend-paying stock and real estate investing are comparable. The return on investment depends on how inexpensive you purchased the item. However, you must consider the return on investment. 

You can spend little money to purchase a modest home in a dangerous area, but you will not make much money from it either. Therefore, focus on acquiring land or an off plan rather than a house. As the year progresses, you buy cheaply, save money, and get more.

Conclusion

Those who are serious about their financial futures would consider real estate an efficient portfolio. One of the best ways to get the financial independence you want is to become a successful real estate investor.

Real estate investing tends to yield more cash flow than the stock market. However, you must exercise caution and listen to real estate investment advice from professionals. With these tips for investing in real estate, you can get started without becoming a statistic of those who have filed for bankruptcy.

Author Name: Liran Koren




8 World-Known Costa Rican Writers

8 World-Known Costa Rican Writers

September 5, 2022

Properties in Costa Rica

Based on our research for this article and many writing reviews from the custom service Best Essay Education, the majority of Costa Rican writers dedicated their whole lives to fighting for human rights, women’s rights, their freedom, and a better place to live in.

Thanks to a bigger impact on different audiences, Costa Rican writers had a very important task to spread their culture and traditions all over the world via their writings, to get the world acquainted with their lifestyle, and to save these writings as a history of their nation. Further, we are going to make you familiar with the most outstanding past and current Costa Rican writers who spent their entire life spreading the word about their native land.

Carmen Lyra

Carmen Lyra, which is not the real name of this writer, has become the first worldwide known and popular writer that comes from Costa Rica. Carmen had a very challenging path to build a face in the world of literature. From an early age, she was a teacher and had the opportunity to publish some articles in local newspapers. In her native country, she couldn’t develop her knowledge and skills, so she went to England to continue her education as a teacher, growing her outlook and meeting popular writers. Carmen was writing novels and tales primarily for kids, where one of the most known books has become Cuentos de mi tía Panchita – the collection of tales and short stories for kids published in 1920.

Carlos Luis Fallas

Carlos Luis Fallas is included in the list of the most globally popular Costa Rican writers of the 20th century. The writer was a multifaceted personality who became an outstanding contributor to Costa Rican politics as well as literature. The majority of novels written and published by Carlos, among which are Mamita Yunai and Gente y gentecillas are based on his own life experience where he tells about the hardest and the most successful periods of his life.

Alda Facio

Alda Facio is a widely known public figure from Costa Rica who has been fighting for women’s rights for her entire life. She became an important person in canceling violent laws applied to women in numerous countries in the world. Her writings are surely dedicated to investigating the rights of women and humans overall and were mostly published in newspapers or thematic magazines to reach a broader audience. She wasn’t afraid to judge the Costa Rican law system and tried to do her best to change it and provide the inhabitants of Costa Rica with more freedom in different areas of life.

Quince Duncan

Quince Duncan has become the first globally popular Afro-Caribbean writer that comes from Costa Rica. Despite the challenges he met living in the east of Costa Rica, Quince was always focused on his education and personal development. He tried numerous professions like a teacher, scholar, and priest but finally decided to stop in the writing sphere. Talking about the specifics of his writings, he was keen on writing short stories mostly based on true information about the citizens of his native city, its traditions, culture, people, etc. He aimed to share the ancient history of his nation with the entire world.

Eunice Odio

Eunice Odio is a Costa Rican writer whose main specialization is poetry. Her poems describe everything that happened to her during her life. The writer has changed numerous places of living in the search of inspiration. Born in Costa Rica, she became a journalist and decided to spend several years in Guatemala and then the USA. Thanks to her connection with local newspapers, lots of her poems were published in different editions, which made her a globally popular writer. The constant change of locations and traveling was her primary inspiration to write poems and tell people the truth about the countries she used to live in.

Fabian Dobles

Fabian Dobles is a writer from Costa Rican who managed to combine different spheres of activities including writing, politics, and social movements. By using his novels, he tried to tell the wealthy politicians and people from other countries about the poverty in Costa Rica, how people suffered and what help they need from the government and the entire world. His writing was dedicated to criticizing the current government and its attitude to the simple working class.

Luis Chaves

Luis Chaves is related to the modern flow of Costa Rican art and literature. Due to numerous reviews from the writing service Trust My Paper, this Costa Rican writer is supposed to be the most successful and globally known novelist, whose writings have been spread across various countries. Luis has changed to numerous countries and continents for the purpose of looking for inspiration and sharing his art and his culture with others by translating his writing into different languages including English, German, Spanish, and others. Thus, his novels were recognized and awarded by the National Poetry Prize and Fondazione Cassa di Risparmio de Ascoli Piceno.

Carlos Salazar

Herrera Carlos Salazar Herrera is another great Costa Rican writer who had to make much effort to become a popular writer. From early childhood, he was sending lots of his novels to different publishing houses, editors, and newspapers to get the opportunity to share his art with others. Thanks to his hard work, he succeeded to develop his writing hobby into a real profession, where he became a professor of writing at a certain Costa Rican university to share his skills and knowledge with students who are keen on writing. Carlos dedicated his entire life to writing and sharpening this skill.

To end up

We tried to include the writers from the past as well as the present to show how Costa Rican literature changed and what goals the writers were following. Hope our compilation inspired you to learn more about Costa Rica and its rich culture from the great novels and poems of Costa Rican popular writers.

Written by Lafond Wanda




Costa Rica’s Home Insurance Landscape

Costa Rica’s Home Insurance Landscape

August 5, 2022

Properties in Costa Rica

Overview

Costa Rica is a diminutive country in Central America. Costa Rica is bordered on the north by Nicaragua and on the south by Panama, with a population of approximately 4.9 million people. The country is known for its lush tropical rainforests, stunning beaches, and unique wildlife. Costa Rica’s economy is largely based on agriculture and tourism. The country is a popular destination for eco-tourists and adventure seekers. 

Costa Rica is also home to several major multinational companies, including Intel and Procter & Gamble. The Costa Rican insurance market is relatively small, but it has been growing in recent years. Home insurance is one of the most popular types of insurance in Costa Rica. Home insurance policies typically cover damage from natural disasters, such as earthquakes and hurricanes.

Comparative Coverage

However, home insurance policies in Costa Rica often have high deductibles, and they may not cover all types of damage. For instance, most home insurance policies in Costa Rica do not cover damage from flooding. As a result, it is important to compare home insurance policies carefully before buying one. Be sure to read the policy carefully and understand what is and is not covered.

Costa Rican Home Insurance Types

There are two main types of home insurance in Costa Rica; fire insurance and comprehensive insurance.

  • Fire insurance policies cover damage from fires, explosions, and lightning strikes. 
  • Comprehensive home insurance policies cover a wider range of risks, including damage from theft, vandalism, and natural disasters.

Some home insurance policies in Costa Rica also provide coverage for personal belongings, such as furniture and electronics.

What to Look for in a Costa Rican Home Insurance Policy

When shopping for home insurance in Costa Rica, it is important to compare policies carefully. Be sure to pay attention to the following factors.

Coverage 

Make sure the policy you choose covers all the risks you are concerned about.

Deductible

Home insurance policies in Costa Rica typically have high deductibles, so be sure you can afford the out-of-pocket costs if you need to make a claim.

Premium

Home insurance premiums in Costa Rica can vary widely, so be sure to shop around for the best price.

Discounts

Some home insurance companies offer discounts for things like smoke detectors and security systems.

What to Do if You Need to Make a Claim

If you need to make a claim on your home insurance policy in Costa Rica, there are a few things you should do.

  • Contact your insurance company as soon as possible.
  • Give the insurance company all the information they need, including a detailed description of the damage and any repair estimates.
  • Be prepared to pay your deductible.
  • Keep all receipts and documentation related to the damage and repairs.

Making a claim on your home insurance policy in Costa Rica can be a stressful experience, but if you follow these steps, it should go smoothly. A home insurance company can help you get your life back to normal after a disaster strikes.

Conclusion

Costa Rica’s home insurance landscape is diverse and ever-changing. By understanding the different types of coverage available, you can choose the right policy for your needs. With a little research, you can find an affordable home insurance policy that will give you peace of mind. In fact, home insurance is an important part of owning a home in Costa Rica. Be sure to shop around and compare policies carefully before buying one. And if you ever need to make a claim, be sure to follow the steps outlined above.




The Annexation of The Party of Nicoya to Costa Rica: 198th Anniversary

The Annexation of The Party of Nicoya to Costa Rica: 198th Anniversary

July 22, 2022

Properties in Costa Rica

The annexation of the Nicoya party to Costa Rica is a national event. An event so relevant to Costa Rica that it would change its history forever.

The Nicoya party’s territory went from the West of the Tempisque River, to the Pacific Ocean, from the North of the Salto River to the La Flor River. And Lake Nicaragua, which formed the limit with the province of Nicaragua. The Nicoya party was conformed by the towns we know today as Nicoya, Santa Cruz and Villa Guanacaste, which today united we call “Liberia”.

Since the end of the 17th century, Costa Rica and the Party of Nicoya have had good commercial relationship, mainly due to the commercialization of Bait, Livestock and Tobacco.

In 1810, the “Courts of Cádiz” took place in Spain, who asked each Latin American country to send different representatives to these courts. However, to elect a representative, a certain amount of population was needed and Costa Rica did not have the required number of inhabitants in the country at the time. So they decided to temporarily unite with the Nicoya party and thus together, have enough population. The elected representative was Presbyter Florencio Castillo.

Guanacaste tree, the National Tree of Costa Rica.

Until then, the Nicoya party depended politically on the Nicaraguan administration. In March 1824, the state of Costa Rica invited the Nicoya party to join their country. By holding an open town hall, the residents of Nicoya and Santa Cruz decided to vote democratically to make a decision. Therefore, elections were held in Nicoya, where the union was approved with 77% of affirmative answers.

Added to all of this, is the fact that Nicaragua was going through difficult times internally. There was a strong difference between the cities of León and Granada, on the verge of a civil war that generated negative impacts in Nicoya. This is why the regional elites had a greater interest in their incorporation into the “pura vida” country.

Contrary to the two cities mentioned above, Nicoya had a very good relationship with Costa Rica for being commercially linked by the Port of Puntarenas, which today is a key element for the tourist attraction because of its coasts and beaches.

Since then, the “Day of the Annexation of the party of Nicoya to Costa Rica”, is officially celebrated as a national holiday on July 25th of each year, this 2022 will mark 198 years of successful union.

This union presented great benefits for Costa Rica, such as the increase in the size of the country and with this territory, many beaches, volcanoes, jungles, among others. The increase in the population that included traditions, legends, foods, typical clothing, music, words, figures, objects that were reinforced in national symbols, such as the Guanacaste tree, architecture, etc., which have been perfectly integrated into the Costa Rican identity.

“From the homeland by our will”

“De la patria por nuestra voluntad”

Written by: Fabiola Andrew Cardoso




Costa Rica Gets The Last Ticket to Qatar 2022

Costa Rica Gets The Last Ticket to Qatar 2022

June 15, 2022

Properties in Costa Rica

This Tuesday June 14th, in the city of Al Rayyan, the clock marked 2 minutes of the Costa Rica vs New Zealand match, when Jewison Bennete overflowed from the left and, using his speed, managed to take advantage to pass a cross to striker Joel Campbell, who with a shot on goal would score the first goal of the game, which was enough for the ‘Ticos’ who won the ticket to their third consecutive World Cup and sixth in their entire history where they will be part of Group E along with Spain, Germany and Japan.

Source: FIFA Website

From that minute on, the New Zealand team began to fight the field. Constantly attacking the Ticos’ porter’s lodge in search of a goal. Goal that would take place in the 39th minute, when Matthew Garbet took a cross for Chris Wood, the All Whites most dangerous player; who finished off the ball against the goal of Keylor Navas and thus tie the game. However, judge Mohammed Salem Yoused Abdula Alali almost immediately annul the goal due to a previous foul on Óscar Duarte after reviewing the VAR.

Keylor Navas was the star of the second half of the game, protecting his goal from several shots by the New Zealanders. Already in the last minutes of the meeting in Doha, the Central Americans began to celebrate and feel like the winners of the last remaining quota for the Qatar 2022 World Cup.

Source: Google Search

Luis Fernando Suarez’s team celebrated the hard-fought classification with hugs and tears. The striker and author of the only goal of the match, Joel Campbell could not contain the tears of emotion and, after a few seconds, he was able to offer his first words: “We have fought and fought for this moment. When we were bad, I said that we would all die or celebrate,” he said.

The Costa Rican people also took off to the streets to celebrate the classification of the “pura vida” country, all wearing the classic red jersey, characteristic of “la sele”.

Source: Google Search

Costa Rica, who reached the quarterfinals in Brazil 2014, will initially face Spain, followed by the Asian team and will finish against the Germans, to play the first World Cup to be held in an Arab country from November 21 to November 18. December 2022.

Written by Fabiola Andrew Cardoso.




Costa Rica is making the first underwater museum in Central America, check it out!

Costa Rica is making the first underwater museum in Central America, check it out!

March 22, 2022

Properties in Costa Rica

Costa Rica is well known for its sustainability-oriented vision and initiatives towards the conservation of its most precious zones. This is not the exemption for the new underwater project that the Rocky Reef Conservation and the Punta Leona Hotel have been working on, combining art with the conservation of marine life. We’re talking about an underwater museum located 50 meters off the Central Pacific Coast and at a depth of 2 meters in low tides, making it perfect place to experience snorkeling or amazing diving sessions.

Costa Rica

The backbone of this project is the fact that it constitutes in a type of regenerative art where Costa Rican sculptor Fabio Brenes along with some help from James Madison University students created three stone and wood pieces that portray three of the most representative figures of the zone: the “Cacique Garabito”, a manta ray , and a sea turtle. With a renowned record of over 20 years working in wood sculptures, it is safe to say that Mr. Brenes knows his work and during his years of creation, most of his artwork has been inspired by the awe of nature and figurative elements that belong to it. Not only do these sculptures enhance the diving experience for the people, but this type of art also considers the habitants of the sea as they have been created to offer them another type of home. Keep in mind, this is only the beginning stage of the project, meaning that their efforts and actions towards creating even more habitats and places for marine flora & fauna to thrive is just starting. For those who love the sea, this is a great step in the direction towards a healthier relationship with our surroundings and the animals that live in it. Stay close for more updates on the wonderful underwater museum in Garabito, Puntarenas.

Source:



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