For the home owners living in Costa Rica who are thinking about leaving your old home in search of something better, you may want to read this article first. Renovating your home could be a better option than buy a new home in Costa Rica.
The big question however is which option is cheaper and better?
Sometimes, renovating a home can be more expensive than buying a home in Costa Rica and here are some questions you should ask yourself before you decide on how you want to proceed.
Does your home have a solid structure?
The foundation of your home is very important as structural issues can often lead to having costly repairs or to have to tear down your home to build a new one.
This is especially important in Costa Rica due to the numbers of earthquakes every year as no one wants to have their home fall down around them.
If your current home has structural damages, then buy a new home is probably the smart choice.
Does your home have water damage?
Contrary to popular belief, water damage problems in Costa Rica homes are fairly common thanks to rainy season, broker pipes and floods. The big question is how severe is the damage which will help you determine whether you should renovate your home or buy a new on.
How much money do you want to spend?
This is the big one as sometimes you just need to sit down and figure out what your home is worth to you. Do you love your home in Escazu Costa Rica enough to just pay the money and have it renovated or will the renovation costs be so high that it is just easier to buy a new home that not only has all of the features you want but also is in sound condition.
So the first step you should do is to have a home inspector and a contractor visit your home and have a checklist ready for what you want done before you make a decision to buy a new home or just renovate your current home.