The sale of development properties in Costa Rica has evolved, becoming strategic investment opportunities. Our team helps you learn everything you need to know to live happy and invest wisely!

Why sell properties for development?

Although there may be several answers, the important thing is to order them according to their priority; for each owner there may be different situations that affect the decision to sell.

Objective Answers:

These responses stem from the owner’s needs and goals. At this stage, the owner analyzes what their needs and expectations are in relation to the sale. Some answers may include:

Improve quality of life: The sale could be used to improve the owner’s quality of life, either in terms of money or personal well-being.
Relocation: Changes in personal or business location can drive the decision to sell.
Investment: The owner might see the sale as an opportunity to reinvest in other businesses or properties.
Change of economic activity: Changes in the direction of the business or in economic activity can influence the decision to sell.

Subjective Responses:

On the other hand, subjective answers help identify the right market to place properties for development and how to present them effectively. These key questions guide the approach to marketing and advertising:

Market positioning: Determine where the property fits into the market and how its value can be maximized.
Buyer Value Proposition: Identify why potential buyers would invest in that particular development property.
Differentiation from the competition: Highlight the unique features that make this development property a superior choice over other options on the market.
Buyer Benefits: Explore the concrete benefits you can offer to prospective buyers.

Collaboration with a real estate advisory agency becomes crucial in this phase. Using digital tools and specialized platforms allows you to strategically position properties for development in the market, attract potential buyers, and facilitate a more efficient selection process.

If you are looking for support to sell your properties for development, contact our specialist advisors in Costa Rica.

Before selling a property for development

Before positioning the property on the market, you must have the information that determines its real value, capabilities and sales potential. It is necessary to have this information before selling, as this will help to find the profile of possible interested buyers and with it, to place the property in the correct market.

Some background information is:

Cadastre plan: Graphically represents the area and boundaries of the property, allowing you to verify the real data and verify important information. It is essential that this document is in good condition and that it is legible. If you don’t have it or if it’s in poor condition, you can check the document here.
Liens and annotations: Liens are encumbrances on the property that respond to the payment of a debt. The annotations are provisional and subject to the determination of a property right that is in dispute. This is important information for all parties involved in the sales process and is obtained through a registration study.
Land uses: It is requested from the municipality, along with other documents to be considered such as availability of water, electricity and other public services, as well as operating permits for an establishment before the competent authorities.
Construction plans: They provide information on relevant issues of the built property, such as information on electrical wiring, pipes, septic tanks.
Appraisals: It is important to keep the appraisals up to date because over time they can lose validity, since the depreciation of a property is done in annual periods.

All the information obtained from these technical instruments helps to determine the real value of the property. Clear communication with your advisor is essential to avoid future conflicts in the buying and selling process.

If you are looking for support to sell your properties for development, contact our specialist advisors in Costa Rica.

Type of properties for development

The terms of sale will depend on the type of property you have and the potential to develop projects. The main types are:

Residential Properties: This category includes single-family homes, multi-family units such as duplexes and apartments, townhomes, and condominiums. Properties for residential development can also extend to housing complexes, retirement homes, or student housing near educational institutions.
Commercial Properties: This type of real estate involves the development of spaces for businesses. Some examples include office buildings, shopping malls, retail stores, and mixed-use buildings that may include offices, retail stores, and living spaces.
Industrial properties: These are used for industrial purposes and include factories, warehouses, research and development parks, and distribution centers. These development properties offer an ideal mix of production, warehousing and distribution space, making them an attractive option for growing businesses and diverse industry sectors.
Hospitality properties: This category includes hotels, motels, resorts, and other vacation properties. Development can range from small boutique hotels to large-scale resorts. These properties are designed to provide comfort, entertainment, and memorable experiences.
Mixed-use properties: These are a combination of any of the above. A mixed-use property could have commercial spaces on the ground floor, residential apartments on the upper floors, and could even include some hospitality elements.
Special purpose or specialty properties: These types of properties are designed for a specific purpose, such as schools, hospitals, government buildings, and churches, among others. Unlike mixed-use properties or conventional residential and commercial properties, special-purpose properties are created for a specific use or function and their design and features are tailored to meet that particular purpose.
Land Development: This type of real estate development involves the purchase of raw land and its development into building lots for homes or commercial buildings.

If you are looking for support to sell your properties for development, contact our specialist advisors in Costa Rica.

Go to: properties for development in Costa Rica

Knowing this information prior to positioning the property in the market will give you an advantage when selling, as interested buyers will have a broader knowledge of the potential and capacity of the purchase.

If you have specific questions about where to get the information or about any topic related to the sale of properties for development, do not hesitate to contact our specialized advisors.

Contact Nativu advisors