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Residencias Los Jardines - Life & Times

ISSUE #235: April 4-11, 2009

Possible Purchaser Financing & Semana Santa

Possible Purchaser Financing & Semana Santa


When I started Residencias Los Jardines, I started writing a weekly news letter —determined to tell all the good, bad, and the ugly. I knew some readers would be interested in the construction process. I expected others might be interested in the lifestyle of two people who had decided to live outside the box. For others, the adventures of lita, the parrot and the cat took on an entertainment saga all its own.

Residencias Los Jardines is finished. We periodically have resales and rental availability. Some readers may be interested in this information.

More and more, the content will be dominated by events of our new project, "El Dorado" for short. While the future is always uncertain, I again aim to tell it like it happens —the good, the bad, and the ugly, and that is what follows.

In an effort to make the format more interesting and visually appealing and to field inquiries re. El Dorado, the news letter is now being distributed by Jan Kozak, Marketing Manager, Hacienda El Dorado. I will remain the author.

Brian C. Timmons, Author
Residencias Los Jardines/Hacienda El Dorado - Developer


Advertising: We will be changing our advertising to include Residencias Los Jardines AND Hacienda El Dorado.  This will cover off people looking to purchase / lease now and for those with a longer time horizon.

Purchaser Financing:  The attached info. sheet (click here) was sent to me earlier this week. It looked interesting. I spoke with the author. He said it was Asian bank money.  It's my guess that the rumor we heard re. the Chinese trying to diversify out of the US Treasury bills may be finding its way out in this manner. Fine. At 3.73% interest with application requirements equal to or better than many CR banks and with a loan to value ratio of 35-65%, it might be of interest to some of our purchasers.  He said that when we have our construction permits, he would like to speak with us.... and that's a date!


Water: The AyA letter did not mention one item which our consultants feel is important for INVU's approval.  That missing information, ie, that the water supplied will be for 25 lots will be added this week.....there's no disagreement on it, the information just didn't get included......

Timing:  While there are still many unknowns and issues beyond our control, we have reason to believe that the site plan could be approved in June.

Landscaping:  when the rains start, we'll plant the bamboo along the fence lines.


Accounting & Reporting System: I'm not sure the glitches have been eliminated yet.

Plastic Pipe:  It's easy to work with but is certainly not as good as copper or galvanize. This week, we had two 90 degree elbows fail on the inside of the 90 degrees.  It must be a structural weakness of this fitting. 

International Community:  We currently have people from: USA, Canada including Quebec (French Canada), Switzerland, Austria, Brazil, Latvia, France, Argentina, Cuba, Dominican Republic, UK, Philippines, Sweden, and CR on site.

Rentals:  We leased Unit 113.  We may have another 2 bedroom coming available. 

Sales: The offer on 107 has shown a little life.  A $5,000 gap currently exists.   We have a couple returning  on Sunday for a 2nd. look as well.  We'll see if anything happens on in either case.

Units for Sale/Lease:

Residencia Los Jardines Site Plan

Unit #107 - For Sale/ REDUCED PRICE $239,000 / Leased for $1,650 mo. to Jan. 2010.--OWNER FINANCING AVAILABLE

Total Area (Sq Ft): 1716
Total area (Sq M): 158
Bedrooms: 2
Bathrooms: 2.5
Floor(s): 2 Story
Type: Detached
Furnished: Yes
This 1,716 sf. (plus parking for one car) two story, detached house, with three terraces, two bedrooms (one on each floor) and upstairs master suite is a beautiful home. This home consists of two VERY large bedrooms (one on each floor) with en-suite bathrooms and a powder room, each with large closets with extensive built-ins for personal organization. The vaulted living room and ground floor bedroom ceilings as well as the master bedroom on the 2nd floor, provide a feeling of grandeur while allowing the warmer air to rise and exit through the ceiling ventilating system. There are three TVs (one in each bedroom and one in the living room.) This is a beautiful home. There is a rough-in for a dishwasher in the kitchen area.

Read More

Unit #120 - For Sale--$185K /Leased  at $1,450mo.

Total Area (Sq Ft):1312
Total area (Sq M):122
Floor(s):1 Story

This 1,312 sf single floor home includes a 300 sf front terrace plus parking for one car. It is an end unit and therefore attached on only one side providing ample lighting and views. The 6 inch cement demising (common) wall prevents sound transfer. This is a very nicely furnished and accented home.

Read More

Unit #108 --For Sale-$245,000; Leased at $1,600 mo. to March '10

Total Area (Sq Ft):1716
Total area (Sq M):158
Floor(s):2 Story

This 1,716 sf. (plus parking space for one car) two storey, detached house, with two terraces, two bedrooms (one on each floor) and an upstairs master suite is a beautiful home.

This home consists of two VERY large bedrooms with en-suite bathrooms (one on each floor) and a powder room each with closets with extensive built-ins for personal organization. The vaulted living room and ground floor bedroom ceilings as well as the master bedroom on the 2nd floor provide a feeling of grandeur while allowing the warmer air to rise and exit through the ceiling ventilating system.

Read More

Unit #109 --For Sale $214,900 -  FURNISHED (Leased until August 1, 2009 - $1,550 pr month)

Total Area (Sq Ft):1506
Total area (Sq M):140
Floor(s):1 Story

This single story home (1506 sf. + parking for one car) is detached, has two bedrooms, two bathrooms, home office, living room wall / entertainment center along with a built in office and a semi-private terrace. In addition, it has a vaulted ceiling in the “great” room and two skylights. The covered entrance way is suitable for two chairs located next to a covered garden area. Once through the impressive front door, you enter the “great room” which houses the kitchen, dining room, office and living room. Upon entering, there is a built in wooden hutch surfaced with granite—it matches all the built-in furniture in the great room. There is a clothes washer and dryer off the 2nd bedroom. It may also be used for storage.

Read More


April 12, 2009
New Opportunities for Financing in Costa Rica
There is a new option for you to finance the purchase or construction of your home in Costa Rica, without the headaches of the past, and at significantly lower interest rates!

April 12, 2009
Thomas L. Friedman: Costa Rica sets a standard for sustainable growth
LIBERIA, Costa Rica — Sailing down Costa Rica's Tempisque River on an eco-tour, I watched a crocodile devour a brown bass with one gulp. It took only a few seconds. The croc's head emerged from the muddy waters near the bank with the foot-long fish writhing in its jaws. He crunched it a couple of times with razor-sharp teeth and then, with just the slightest flip of his snout, swallowed the fish whole. Never saw that before.


Weather: Nature does not progress in a straight line.  The winds and dry conditions returned for most of the week.  

Semana Santa:  Probably the most important holiday of the year in CR.  Everything is shut down and the Central Valley / San Jose area is a ghost town.  Work continues on the auto pista. The offical legal days off are Thursday and Friday.  This year, the holiday also incorporates Juan Santamaria Day....a national hero. 

Brian, Lita, Hugo, irreverent Vicka, the pigeon toed parrot, and the newbies — Chico and Chica.

Brian C. Timmons, Newsletter Author
Residencias Los Jardines/Hacienda El Dorado - Developer

For inquiries about availability of residences at Hacienda El Dorado or Residencias Los Jardines, contact:

Jan Kozak, Marketing Manager

Hacienda El Dorado
Rio Oro, Santa Ana
Costa Rica

Skype: jan.kozak.jr

Tel (US) (+1) 647-477-5825
Cell: (+506) 8345 8018


Contact phone numbers

Internet Phone:
Toronto: 416-461-2203

Costa Rica:
Cell: (506) 8-455-59-35
Land: (506) 282-4142 Ext. 101

NOTE: Toronto number is "local call" for people in the area code; calls from outside the area code will be billed at the normal rate from the caller's area code.