Gated Communities: A Safe Bet

Many of the new property developments on Coast Rica's beautiful "Gold Coast" are gated communities. These are an ideal choice for investment, especially if you aren't planning on living in your property all year round.

Owning land in absentia can pose some unique issues in Costa Rica, where squatter laws give an individual some rights to land if the legitimate owner has allowed them to reside there for over a year. This doesn't mean that you've given them consent to live on your land ? it simply means that you haven't kicked them off. Squatters look for uninhabited land and set up residence, sometimes planting a few crops, and hope to remain undiscovered long enough to make a claim.

There are many ways to avoid this headache ? you can have someone local check on your property, employ a caretaker (and keep good records so that they can't claim squatter status), or visit your property every three months. If squatters are discovered within 90 days the police are required to remove them from your property. To have them removed after a year, the legal landowner must go through a lawsuit which is an expense (and headache) that most people would rather avoid, and in some cases they could even lose ownership of their land.

An easy way to avoid this is to buy property in a gated community. This option ensures that your home is watched when you are not in town as well as having additional benefits. Gated communities are generally a more secure option than striking out alone, especially in areas that are big tourist destinations. Costa Rica is a very safe country: violent crime rates are much lower here than in other countries but petty offenses such as theft and property crime are not uncommon, especially in traveler-dense areas. Many condo developments and gated communities offer an entry system and private security included in the residents' fees, and your neighbors offer many sets of eyes to keep watch over your place.

Most of these developments offer infrastructure that is well above the national average, with underground electricity, great roads and community areas, and some even offer their own water systems and shopping areas.

The other advantage of owning in a gated community is that you can easily enter a property management arrangement, turning your empty home into a money making venture that pays for itself when you aren't around. The Guanacaste area has become an increasingly popular resort destination because of its warm weather, amazing beaches and general beauty. There's no doubt that a smart investment in this area will pay dividends and gated communities are a safe bet!



Posted by PAM PECK on December 13, 2008 at 12:00 AM

About PAM PECK
PAM PECK is affliated with CENTURY 21 MID-STATE REALTY LLC, which is located in Winchester, TN. For further assistance please use the contact information located on the right.



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Local Information for Winchester, TN

Latitude: 35.18839 -- Longitude: -86.112525


ZIP Codes for Winchester, Tennessee 37398 
Area Code for Winchester, Tennessee 931
Time zone for Winchester, Tennessee CST



Other Area Cities:   Manchester, TN  McMinnville, TN  Winchester, TN  Tullahoma, TN 

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Winchester is a city in Franklin County, Tennessee. Winchester was created as the seat of justice for Franklin County by act of the Tennessee Legislature on November 22, 1809. The town is named for James Winchester, a soldier in the American Revolution. The city hosts an annual Dogwood Festival each April. The median income for a household in the city was $32,500, and the median income for a family was $41,183. Males had a median income of $31,959 versus $21,629 for females. The per capita income for the city was $16,533. For a relatively small town, Winchester has counted a large number of citizens who became eminent beyond its borders.Recreation in Winchester received a significant boost when the Tennessee Valley Authority started construction of the Tims Ford Dam along the Elk River in 1966. The project was complete in 1972 and Tims Ford Lake is now known for excellent boating and bass fishing opportunities. -- Source: Wikipedia.com




Tennessee 2000 Census Population Profile Map

Winchester Tennessee United States
Population 7,329 5,689,283 281,421,906
Median age 40.4 35.9 35.3
Median age for Male 37.8 34.5 34
Median age for Female 42.6 37.2 36.5
Households 2,992 2,232,905 105,480,101
Household population 7,053 5,541,337 273,643,273
Average household size 2.36 2.48 2.59
Families 2,014 1,547,835 71,787,347
Average family size 2.89 2.99 3.14
Housing units 3,318 2,439,443 115,904,641
Occupied units 2,992 2,232,905 105,480,101
Vacant units 326 206,538 10,424,540

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PAM PECK - CENTURY 21 MID-STATE REALTY LLC
PAM PECK
CENTURY 21 MID-STATE REALTY LLC


1810 SHARP SPRINGS RD.
Winchester, TN 37398

VOICE: 931-967-4321

FAX: 931-967-9378

TOLL FREE:
800-722-4068



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