Welcome to Costa Rica—land of pura vida, powder-soft beaches, and some of the friendliest communities you’ll ever find. I’m Lauren Mantey, and after leaving my corporate marketing career behind, I caught my first sunset at Tamarindo…and never looked back. Over the years, I’ve helped dozens of international buyers turn that same dream into reality. In this guide, I’ll share the tips for first-time home buyers that I wish someone had given me when I made the leap. Whether you’re drawn by tax incentives, tropical landscapes, or that unbeatable quality of life, you’re in the right place.
Step-by-Step Guide for First-Time Buyers
1. Researching the Market
Not all Costa Rica is created equal—and understanding regional differences is the cornerstone of any successful home purchase:
- Tamarindo: My home base and a vibrant surf town with a lively expat community. Excellent rental potential after the high-season peaks.
- Playa Flamingo: Luxury developments, marina access, and that postcard-perfect sandy shoreline. Ideal if you’re after upscale finishes and boating.
- Nosara: Yoga retreats, eco-living, and a laid-back vibe. Expect higher land costs, but premium rates for vacation rentals.
Location isn’t just scenery—it drives your ROI, rental income, and future appreciation. I always tell clients, “Pick the vibe you love first, then we’ll make the numbers work.”
2. Working with a Local Expert: Why Choose Me
Buying real estate abroad can feel like a maze. That’s where I come in:
- Deep Local Knowledge: I’ve lived and worked in Tamarindo for over a decade, collaborating daily with my trusted showing agents, Laura Masis and Valeria Protti, to keep tours seamless.
- End-to-End Services: From property tours to post-sale turnkey remodeling and property management, I connect you with vetted professionals so you never have to guess who to call next.
- ROI Evaluations: I analyze rental projections, tax incentives, and market trends to make sure your purchase aligns with your goals.
3. Legal Considerations for Foreign Buyers
Here’s what to expect when it comes to the paperwork:
- Clear Property Titles: I coordinate with top local attorneys to confirm ownership records at the National Registry.
- Purchase Agreements: Your lawyer drafts and reviews the contrato de compra venta—every detail matters.
- Taxes & Fees: Plan for Impuesto de Transferencia (1.5% of sale price) plus notary, registration, and attorney fees (~1–2%).
I’ll introduce you to reputable attorneys who speak fluent English and specialize in expat transactions, so nothing gets lost in translation.
4. Financing Options in Costa Rica
Securing a mortgage here isn’t as straightforward as in the U.S., but you have choices:
- Costa Rican Banks: Typically require 30–50% down, proof of income, and Costa Rican residency or a co-signer.
- Private Lenders & Seller Financing: Flexible terms but higher interest—let me connect you to lenders with expat-friendly packages.
- International Assets: Some clients leverage home-equity lines or offshore portfolios to fund their purchase.
Pro tip: I’ve teamed up with lenders who specialize in financing a home in Costa Rica—ask me for introductions!
Top Tips for First-Time Home Buyers
1. Align Property with Lifestyle & Investment Goals
Are you planning short-term rentals, a vacation escape, or long-term living? Your ideal property type and amenities will hinge on that decision. I always say, “Your dream home should pay rent when you’re not there.”
2. Conduct Thorough Due Diligence
Due diligence isn’t optional. Here’s my go-to checklist:
- Professional Property Inspection: Roof, foundation, plumbing, and electrical.
- Utility Access: Confirm water, electricity, and internet availability—and costs.
- Zoning & HOA Rules: Understand any building restrictions or community fees.
If you’d like my detailed “Lauren’s Due Diligence Checklist,” just say the word—I’m happy to share!
Buying in Costa Rica is one of the most rewarding decisions you can make—if you have the right team by your side. From my first sunrise surf session to helping hundreds of buyers secure their slice of paradise, I’ve seen it all. Let’s make your pura vida dream come true, without the stress.
Thinking of buying a home in Costa Rica? Contact me, Lauren Mantey, today for a personalized consultation or private property tour. I’m here to guide you every step of the way!
