December `05
WHY I INVESTED IN HERMOSA HEIGHTS
By Gary A. Weinstein, of Takoma Park, Md.
About 4 years ago I decided to invest in real estate outside the U.S. After exploring many options, I recently bought two lots at Hermosa Heights in Costa Rica. Here's why:
Basically, as described below, there are good reasons to believe values will climb steadily, perhaps radically. And, I believe firmly that Hermosa Heights is a special place that offers an unusually good opportunity to invest and build. I plan to sell one lot and build a villa on the other lot, to use as a vacation/retirement home and rental property.
When I started to research international real estate investing, I was skeptical of claims that Costa Rica would be "the next Hawaii," with soaring property values. As a journalist and lawyer, I'm trained to be skeptical, to research thoroughly, and to be cautious and conservative. So I visited Costa Rica many times and spoke with everyone I could find who could offer an an informed, unbiased opinion on whether to invest in Hermosa Heights and Costa Rica. I looked for people with no stake in Hermosa Heights, and spoke with U.S. and Costa Rica realtors, investors, and lawyers. In Guanacaste and other parts of Costa Rica, I spoke with businesspeople, long-time residents, and others. And I read everything relevant I could find.
My basic findings?
1. Many knowledgeable and experienced professionals believe that Costa Rican property values near beaches will rise steadily, and perhaps soar -- and that Hermosa Heights offers a great opportunity for investors.
2. Hermosa Heights is an exceptional project to invest and live in because it's beautiful, with some breathtaking lots; it has a great location near a nice beach and beach town; it's a sound concept that will attract a wide range of people; it offers an unusual opportunity to get in on the ground floor of a real estate project that will grow in value, and get better over time; the project's owner has vision and know-how, and has shown great care and attention to detail, with an eye on making Hermosa Heights a great place to live and invest, for a long time.
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Beyond those two important points, I've spent considerable time in Playa Hermosa, and have come to love the area because of its beauty; the slow pace of life (with plenty of opportunities for exciting adventure); the kind and friendly people; and the many fun things to do in and near Playa Hermosa. Each time I visit, I love it more.
The buying process was simple. I remain confident it was a wise decision, and look forward to my time at Hermosa Heights. There's a handful of things I recommend enthusiastically, without hesitation, to friends and relatives: buying property at Hermosa Heights is one of them.
Please feel free to contact me if you'd like. -- Gary Weinstein
Gary Weinstein
wk: 202-452-6304
U.S. hm: 301-270-9341
e-m: coachg@starpower.net
U.S.:
325 Lincoln Ave.
Takoma Park, MD 20912
Costa Rica:
Hermosa Heights
Lots 38 and 39 |
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