Guys In The Zone: Costa Rica Real Estate

December 21, 2009

Costa Rica Culture – Say Hello

Filed under: Culture, Just for Fun — Tags: , , — Ben @ 9:54 am

Typical Latin American Greeting

Typical Latin American Greeting

When we first moved to Costa Rica in 1999, my son Neil was 11 years old and my daughter Hannah was 15.  In those early days, after coming home from a visit to the town center, maybe to the grocery store or whatever, they would complain “Dad, why do they stare?”

The answer was and is “because they are Ticos.”

One of the major reasons that I chose to move to a foreign land with my family was that we, as a family, would learn another culture & language.  Well, I’m happy to say that it worked.  We learned a language and a culture, but lord knows it wasn’t all smooth sailing.

It really helps to keep in mind the objective: that of learning a new culture.  That way when things are different, we can tell ourselves: “that’s why I came here.”  The problem is that sometimes different equates to strange and uncomfortable.

The eye contact thing was something that, for me, took a little getting used to, and even more so for my kids. In time we all have come to appreciate it.  In Costa Rica you always acknowledge the presence of the other person, whether it be driving along a dirt road and passing a guy walking along, or in the grocery store as you walk past the stocker.

I think that my gringo, privacy-loving heart, is a little afraid that if I engage with this person, they will take a bunch of my time, or need something from me.  I think that it was somewhere right about the 200th greeting – the 200th greeting that happened for the simple love of the greeting, I began to accept it.  Touch base, say hello, share a good feeling and move on with your day. (more…)

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June 28, 2009

Why Did You Move to Costa Rica?

Filed under: Just for Fun, Relocation — Tags: , , — Ben @ 3:25 pm

whycrstandingman2“The chance to have a second life in the same body.  A life immersed in nature, and immersed in culture.  This would be to get involved in what is here as opposed to what I had already lived”.

To share your story, scroll down to the bottom of this post.

After reading my article in a new magazine here in the zone, Raven’s flagship Montañas al Mar, an old friend approached me and took exception to one of my comments.  He was able to quote the article – the part where I mention how early land buyers here in Costa Rica’s southern Pacific zone were able to convert $1.00 invested in land into $120.00 by selling that land.

My old friend, who is seated squarely in the middle of the “early investors” group, made the point to me that the so called “early investors”, hardly had “investing” in mind.  This wasn’t what they were doing.  For some reason, this sparked my question: “Why did you move here”? And hence his answer as noted above, which I find to be profoundly beautiful, and the wisdom of which caused me to pause, and it set off a chain link series of memories as to my own reasons for moving here, none of which had to do with investing.

In my conversation with Old Friend, he talked about the day when you would buy a large piece of land, partly because that was all that was available and because that was the life that you wanted.  There certainly weren’t the conveniences here that there are now, but there was the serenity and quiet, and a chance to live “a second life in the same body”.  Granted, the thought of parceling off a piece of piece of that land in the future to reduce, or fully compensate one’s initial investment was present, but was not the key motivator.

Working in real estate in Costa Rica, one tends to get the viewpoint of valuing the land we work with in terms of “asset appreciation” and “investment potential”.  This is indeed what a certain percentage of our buyers are concerned with. However, just like some of the early investors, a number of our buyers now are life-stylers, those who are looking to live life in a way that differs from the way they’ve lived it up till now, and that have placed “asset appreciation” low on the list of criteria that they are looking for.

“Why did you move here” is a great mental exercise for us expats and migrators.  I suppose that there will be some that answer the question with: “I came to invest in land and make a lot of money”, but I think that they’d be in a minority among those that live here.

The beauty of buying land in an area such as this is that you can perhaps optimize your dreams in the buying of that land.  The land itself becomes the means by which you can live in this beautiful area of planet earth.  There are so many ingenious ways that expats find to support themselves here: vacation rentals, B & B’s, spas and retreats are all in full bloom here for this very reason.  One couple I know have cabinas, a highly rated restaurant, a decorative iron works shop and a petting zoo on their property, even though the property is a little off the beaten path.  Its hard to know if it’s a money maker, but it clearly allows them to live happily in Costa Rica.

There seems to be an irresistible push to make Costa Rica just like any other desirable destination, with all the services and conveniences of a Florida or a southern California.  There are a couple of factors here which may affect this “push” from coming through to full fruition. One is the topography.

Costa Rica is a geologically young country.  Pressed up by colliding plates, the country was thrown up by erratic tectonic pressures in an anything but orderly manner.  After living here for over 10 years I still have to carry a compass with me to establish “north” in a given location, so abstract is the lay of the land. Even if pure lucre were given free reign to define development in the zone, it would be limited by the radical nature of the topography.

And then there is the matter of consciousness.  Costa Rica news headlines are rife with reports of catastrophes and subsequent damage control that rampant development has caused in the earlier developed areas of Costa Rica.  We here in the southern zone are benefitting from the mistakes made elsewhere.  There is a genuine interest on the part of foreigners and Ticos alike to preserve this gem-like portion of Costa Rica, a consciousness that transcends the turning of a buck.

Well, we’re hoping so.

So much of how we’re doing here as a species, living in the finite space of this planet, is defined by our use of land.  Just in the last week I’ve enjoyed the conversation mentioned in this article, and others with developers, house builders and residents alike that are focused on “green” and “sustainability”, in their truest sense.

There is a construction company taking shape in Dominical that is no less than visionary in its approach to the building materials that will be used to construct human habitat.  There is a company in Canada that is about to make solar homes with thatched roofing affordable to land buyers here in the zone.  There are efforts on the part of developers to employ ecological easements to definitively restrict the further subdividing of their lots, into perpetuity – all good.

We are about to see a major change here in the zone.  More people are going to find their way here with the paving of the bumpy road that links Quepos in the north to Dominical, the gateway to the zone.  Development and progress are going to happen.  It seems to be an irresistible force in human society.  More, bigger, better.

So, why are we here?

Perhaps it’s the differences as compared to where we come from.  Perhaps it’s the value of quieting the inner dialogue that ran so rampant in our minds “back home” – freedom from media saturation – a connecting with nature and the spiritual side of things – an opportunity to “get involved in what is here as opposed to what I had already lived”.

How we answer this question may define how things look around here in the coming years.

 If you would like to send us your answer to this question, please fill feel free to cut loose with your creative thoughts.

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March 28, 2009

In Memory of Sean McGraw

Filed under: News — Tags: — Ben @ 4:58 am

Very much in keeping with the theme of Costa Rica real estate, I thought I’d take advantage of the liberties afforded me as the owner of this blog and write about the death of a professional associate, and a friend, Sean McGraw.

Sean died Tuesday night, March 24th, 2009, in a car accident. He was 35 and is leaving behind his wife Jessica and 2 children. Living in a very small community here in Costa Rica’s southern Pacific zone, the feel of having just lost one that was known by so many is in the air – palpable.

Sean was one of four partners of Coldwell Banker Vesta Group here in Dominical, and he was a reader of this blog. He was also one of my competitors, and despite this unsavory handle, we enjoyed the opportunities that we had to work together with various clients, and on various projects. We also shared a definite interest in improving the overall quality of our currently un-certified industry. Sean was a student of the real estate business and on occasion was a help to me in understanding certain aspects of Costa Rica real estate law.

Living and working in Costa Rica’s southern zone is like living in old time, small town USA of a long time ago. You can’t go to the store, walk down the street, or even poke your head out of the office without the potential of bumping into someone you know and engaging in a brief “how ya doing?” session. Very few of these in these past few days have not mentioned Sean and the shock of his passing.

The word that pops into my mind every time that I think of Sean is “vital”. The man was very much this – full of life. Sparkling eyes and an ever present smile.

He is going to be missed.

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December 31, 2003

Webguy’s Story

Filed under: Relocation, Stories — Tags: , — Ben @ 3:34 pm

Moving to Costa Rica in 1999 with my wife and my 3 kids, one of whom was married and was accompanied by her husband, we set up shop in an area of the country where there were very few North Americans, or “Gringos” as we are called here. We bought in San Isidro de Perez Zeledon after living here for about a year. We had felt that we should purchase something down on the coast, but were taken with a little finca, or farm, in San Isidro, and so with the acquisition went our funds for buying on the coast. How are we about the decision so many years later? Well… As real estate investments go, we have done well, but there is always that feeling of “would’a should’a could’a”. I find myself consoling a lot of people that visited here some years ago. They say “would’a, should’a, could’a,”, and I say (having lived through this myself), “if you had it to do all over again, you would make the same decisions. 10 years ago, Dominical was pure jungle, there was not a paved road in sight, electricity was episodic, phones non-existent, mud was ever-present”. I say ‘power to those guys’ that took what I feel was a huge risk.
We are in the process of looking into a coastal investment, but the huge profit deals are harder to find now than they were when we arrived. We are not complaining too much. We are happy here, have learned the language, and the culture.
I have been motivated to start this blog since I am a web developer. This has given me a unique perspective on the market in that, in the last year and a half I have seen a veritable explosion of real estate activity. Between my search engine optimization services, and my Dominical web site Dominical.Biz the topic of real estate in Costa Rica has come to occupy a rather sizeable place in my family’s life.

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