The world has known about the beauty of the natural resources and the tourism potential of Costa Rica. Which has made many visitors marvel at their visit to Costa Rica, wanting to make it a permanent stay. So they choose to find a way to have an income in this beautiful country. Many have realized how profitable and well paid the Airbnb rental business is and are starting to make money using the platform, hiring professionals to help them to develop design and construction project which capture more visitors.
Discover the benefits of investing in Real Estate Airbnb vacation rental development in Costa Rica.
In recent years, we have seen a growing interest in investing in Costa Rica. Some designing and building a house to live with their family and rent in the seasons that leave the country, or by developing a set (complex) of spaces to rent through Airbnb. Being a profitable strategy for many in 2022. Learn about the most profitable places to invest, the type of buildings you can develop to expand your investment portfolio, and how a professional firm of architects and contractors can help you in this dream project in Costa Rica.
Start in the business
Choose a property
Define your style
Cost of construction and design
Return on investment
1. Do you have an idea? But don't know where to start your business in Costa Rica.
Real estate investments are a very good option, and one of the easiest is Airbnb. However, the process can be long, and we are not going to lie to you, it requires patience, so it is important that you make a safe decision from the beginning. Knowing that it will be easy, but that it takes time and resources.
New things are always scary, we have to be cautious from the beginning in any business that we are going to start. We recommend that you choose a real estate agent as a first step. For that, you have to select an area to be clear about which real estate to go to. You can decide on Guanacaste, the Central Valley, Puerto Viejo or in Puntarenas such as Manuel Antonio, Ballena, Dominical, Uvita and Ojochal.
To start the business, the first thing you have to do is think about what you prefer, select an area that is profitable for you and go from time to time as you like. To give you an example, it may be that you want to invest in the beach with an Airbnb rental house, but you don't like the beach, so you will never want to visit your place. It is better to select an area that suits your preferences and tastes. But do not rush, do not buy land yet.
2. Architects and builders to choose your property?
To avoid possible issues that may cause problems in the construction and design of your project, hire the company that will accompany you in the development of the project. Edificaciones Corbán with comprehensive services of architects and contractors to validate the land that you like and that they are offering you, will help you streamline the process and avoid extra costs in the work due to construction difficulties.
We have commented in other publications about this point of selecting a property for your project. And we will continue mentioning it, it is an excellent investment that you have the architect from the selection of the property in Costa Rica.
Because the architect will be a moderate in the property you are buying. If someone is offering it to you at a high price, the architect will tell you. If it is a site with many difficulties to build that will make your budget rise, he will warn you and help you to fulfill your vision from the beginning with the selection of the right property for your project. So that the land you buy meets the characteristics for the real estate investment time you want in Costa Rica.
3. Let's keep taking advantage of professionals to define your style.
Defining your style goes beyond shapes, materials, colors, and other highly relevant aesthetic aspects for your project. Defining your style depends on how you want to make your project development. Whether you want just a rental home for long term when you are not in Costa Rica. Or you want multiple rooms project with share areas, or could be build a series of tropical villas with amenities for events such as weddings. Also, what type of rental do you want to manage, what style do you prefer, if it is a short-term or long-term rental. Both have advantages and disadvantages. For short-term rentals, with platforms like Airbnb and VRBO are among the most popular and profitable, and the nightly rates are higher, so you can have more utility. In addition, you always have the opportunity to control which dates you want to rent and which dates to use for you.
Part of the style that we are will define is also how the accommodations will be designed and built. The number of rooms will be housing for families or larger groups. The list of amenities and services such as a swimming pool, a yoga deck, and an office for remote work. All necessary for the success of your investment in rental housing in Costa Rica, we as architects and contractors will identify it and propose a solution for you, so you approve and enjoy the process.
4. The cost of investing in the design and construction of an Airbnb in Costa Rica.
The investment cost to plan and build an Airbnb rental home in Costa Rica can start at $850 per square meter with designing, building, and quality materials for your specific project (without furniture and equipments). However, good design without necessarily using luxurious materials can create beautiful and welcoming spaces that turn your investment into a luxury project. This means that the project, including the three rooms, swimming pool, furniture, equipments, and other areas required for a 200 square meters house, will cost approximately $255,000.00.
Many come to us to ask us about the cost of construction, and we answer them clearly, it depends on the desired product. Edificaciones Corbán, since we are developing the integral project, we consider not only the design but also the construction. This allows you to avoid unnecessary extra costs, which are initially expensive because we know how to build each line of your design since the design stage, granting to you your project on time and on budget with good quality materials.
5. The truths of return on investment on rental houses for Airbnb in Costa Rica.
Well, here the answer is also depending, what does it depend on? Of all the decisions you made for your project during the development of the location, land, design, materials and more.
To give you an idea, according to Airbnb data, the average rent in the southern part of Costa Rica, in Uvita, Ojochal, Ballena, Dominical, Manuel Antonio, among others, is around $1,500 per month.
Airbnb calculates these estimated costs based on renting the space for 15 nights per month and on average prices in the area. However, as we told the start depends on the conditions of your project. The places with more rooms, with better amenities, with more attractive designs and more luxurious materials have a higher value. You can do the exercise of entering Airbnb and looking for lodgings in these locations, there are sites that have costs that start from $750 per night and more than 60% of the nights are rented. But, you have to take into account as well. In case you are going to require an administrator for your project in case you are outside country for long periods, maintenance required, the payment of taxes and the airbnb fee. But in every business you will find operating expenses, but theses expenses are expected. Even with all this, it is a highly profitable business. Start today with us to develop your project.
The natural environment of Costa Rica is an important tourist attraction, representing 6.5% of the planet's biodiversity. The landscape includes lakes, rivers, waterfalls, mountains, volcanoes, and beautiful beaches on both the Pacific and Atlantic coasts. This is the place for those who love the outdoors activities and natural resources will not be disappointed with the variety of wildlife. All this will become part of your project making it even more attractive and with the unique design and quality construction. Dare to win by investing designing and building unique airbnb sites in Costa Rica.
Comments