Returning to the New Normal; Price Reduction

ISSUE #808: April 19-25, 2020

2020-04-26

Brian Timmons, Newsletter Author
Brian Timmons

Dear friends,

When I started Residencias Los Jardines, I started writing a weekly newsletter -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 re-sales and rental availability. Some readers may be interested in this information.

Brian Timmons
Developer / Property manager
Residencias Los Jardines

Web: https://www.residenciaslosjardines.com
Emails: info@residenciaslosjardines.com
ResidenciasPropertyManagement@gmail.com

Featured
rentals & sales

Paradisus Condos / Rohrmoser
FOR SALE / RENT
Visit our website

Paradisus Condos - click to visit

Each of the units consists of two bedrooms / two bathrooms, and a large living/dining/kitchen area. The floor plan of each of these units has eliminated the optional "den / office" divider. The result is a larger area offering more flexible furniture arrangements while still maintaining the option of including an office area. At 105m2 plus two parking spots each and storage locker, they offer a great opportunity for someone seeking views, security, central location, and first class, all round living...

PRICE REDUCTION
Semi furnished unit: For sale: $235,000
Fully furnished unit: For sale: $245,000
Floor 12 -west view

FOR RENT
12-2 at Paradisus $1,400 mo.
this one has white living room furniture

Market activity
sales & rentals

Sales: Los Jardines: Units #114, #116 and #124

Rentals:

Paradisus: 12-2 at Paradisus $1,400 mo. (white living room furniture)

Los Jardines:
Available immediately: Units #106C $900 mo./ #112 $1,150 mo./ #125 $875 mo.

Residencias Los Jardines
property management, rentals & re-sales

FOR SALE
Unit #114: $ 199,000 / See Unit
Unit #116: $ 195,000 $ 189,995 / See Unit
Unit #124: $ 125,000 $ 115,000 / See Unit

FOR RENT
Unit #106C: $900 mo. / Available immediately / See Unit
Unit #112: $1,150 mo. / Available immediately / See Unit
Unit #125: $875 mo. / Available immediately / See Unit

For sale

UNIT #114
FOR SALE
$ 199,000

Total Area (Sq Ft): 1290
Total area (Sq M): 120
Bedrooms: 2
Bathrooms: 2
Floor(s): 1
Type: Semi-Attached
Furnished: Yes

This 2 bedroom/2bathroom,1,290 sf single floor end unit home includes a 150 sf front terrace plus parking for one car. This house is fully air conditioned and has recently been professionally decorated by international decorator Alcides Graffe and has undergone a complete renovation—new modern furniture, finishings, window coverings, and art work by Carlos Gambino. It is arguably the nicest furnished unit at Residencias Los Jardines and only steps from the pool

UNIT #116
FOR SALE
$ 195,000 $ 189,995

Total Area (Sq Ft): 1290
Total area (Sq M): 120
Bedrooms: 2
Bathrooms: 2
Floor(s): 1
Type: Semi-Attached
Furnished: Yes

This 1,290 sf single floor home includes a 300 sf front terrace plus parking for one car and a separate, secure storage locker. It is and end unit and therefore attached on only one side by a 6 inch cement demising (common) wall, which prevents sound transfer.

UNIT #124
FOR SALE
$125,000 $ 115,000

Total Area (Sq Ft): 662
Total area (Sq M): 61
Bedrooms: 1
Bathrooms: 1
Floor(s): 2nd Floor
Type: Semi-Detached
Furnished: Yes

This 662 sf, + covered parking for one car, is a one bedroom home on the 2nd floor overlooking the large pool. It is ideal for a single person or couple.

For rent

UNIT #106C
FOR RENT
$ 900 mo.
Available immediately

Total Area (Sq Ft): 1250
Total area (Sq M): 120
Bedrooms: 2
Bathrooms: 2
Floor(s): 1 Floor
Type: 4-plex
Furnished: yes

This is a fully furnished 2-bedroom unit situated in a 2-story building, which has two units on the ground floor and two units on the 2nd. floor. Each unit is the same size (1,250sf) divided into 800 sf of interior space and 450 sf of covered front and back terraces. Units 106A and B are on the ground floor; Units 106 C and D are on the 2nd. Floor. The solid masonry demising wall (common wall) as well as the 5” concrete slab prevent sound transference.

UNIT #112
FOR RENT
$ 1,150 mo.
Available immediately

Total Area (Sq Ft): 1290
Total area (Sq M): 120
Bedrooms: 2
Bathrooms: 2
Floor(s): 1 Story
Type: Attached
Furnished: Yes

This 1,290 sf single floor home includes a 300 sf front terrace plus parking for one car. It is attached on two sides by a 6 inch cement demising (common) wall, which prevents sound transfer.

UNIT #125
FOR RENT
$ 875 mo.
Available immediately

Total Area (Sq Ft): 662
Total area (Sq M): 60
Bedrooms: 1
Bathrooms: 1
Floor(s): 2nd Floor
Type: Semi-Detached
Furnished: Yes

This 662 sf, (62M2)+ parking for one car and 33sf locker is a one bedroom home on the 2nd floor overlooking the large pool. It is ideal for a single person or couple—or investment property.

Our Lives

What Happened This Week

Weather: Transitioning into the rainy season... winds have died and clouds gather many afternoons... we have had several showers and grumbling skies several times this past week. Rains now seem to be coming regularly so we will be de-commissioning our irrigation system, cleaning the gutters and collection basins and making sure the pumps work...

Stories

Covid-19 - CR: More and more businesses are opening but travel is still limited by license plate number and destination. We do not have free travel yet and no indication when..perhaps mid May. Borders are still closed as well. Some small restaurants are opening... albeit with "social distancing"... CR continues to seem to manage the viral outbreak here well. Entering stores, one is required to washing hands and sometimes shoe soles...

Market Interest: One looker and she really wasn't serious -who knows why she bothered to waste her time... and other's.

Project -Revising the Shareholder Agreement: This is now off my agenda -temporarily- and into the hands of the translator and then final review. Perhaps by mid May it will be 100% completed and ready for distribution to shareholders who will never read it. Regardless, it will be our operating guidelines for managing the development and our selves -it is important in that it avoids ad hoc and arbitrary as well as "buddy-based" decisions.

Other Projects: Doneste's accounting is pretty well sorted out now. My personal corporate accounting is coming along... it will likely be finished by mid May as well. We have yet to look into sand-blasting the surface of the slippery walkway tiles -will work on that next week. We started looking for tile to surface the area around the large pool... approx. 270 M2. We also need to replace some pool furniture and to find a person to pain the faux rock... there are always projects but they are manageable and do not represent a crisis...

Scotiabank: I haven't heard from the buggers so maybe they are satisfied -for now... I will continue to transition away from them.

News Items of the Week

Comments:

Rice Imports ++: I cannot copy and paste the article which says that CR does not have enough rice on hand to last out the year. CR grows 40% of it's needs and imports the rest. The allotted imports (not enough) are charged a 35% import tax -this subsidizes the inefficient local (wealthy) farmers at the expense of all the consumers. Now the government has to import even more rice... why I don't know... perhaps local production was down... Actually the government finances are in bad shape... virtually no tourism money, no gas taxes, VAT consumption / lodging taxes are way down, deferred business taxes, deferred, deferred, deferred... you name it... continued government employee salaries, interest payments on debt... more proposed borrowing for infrastructure projects... but yet the colon:US$ exchange rate has been maintained at an artificial rate... virtually unchanged from the previous artificial rate.

FOR RENTAL OR SALES INFORMATION
ON ANY OF THE ABOVE, CONTACT:

Brian C. Timmons
Property Manager RLJ and Newsletter Author

Costa Rica:
Cell: (+506) 8-455-59-35
Land line: (+506) 2282-4142 Ext. 101

Canada:
VOIP: (+416) 461-2203

Web: https://www.residenciaslosjardines.com
Emails: info@residenciaslosjardines.com
ResidenciasPropertyManagement@gmail.com

 
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