You don't have to be an investor to have heard the number one rule in real estate. In fact, even one-time home buyers are sure to be familiar with the mantra "location, location, location" since it is widely considered to be the most important factor in selecting a great property.
Although location is important, there are other factors that can make a property attractive as well. For starters, you should never rely on someone's word that a property is perfect for you. The same is true if you're considering a Nicaragua property purchase. You should definitely check it out yourself and conduct your due diligence.
Cut Your Bills In Half
The first reason to buy a Nicaragua property is the value. One of the biggest upsides of buying a property in Nicaragua is that for many folks, it's possible to maintain their lifestyle at a significantly reduced cost. Depending on the individual situation, it may be possible to live in Latin America for about half of what it normally costs in the United States or Canada.
You're Closer Than You Think
One concern many people have before buying property abroad is the distance from their friends and family. Partially because of the significant upswing in tourist activity, there are plenty of cheap flights to Nicaragua. Not to mention the flight itself is relatively short compared to many other international locales. For example:
- The approximate flight duration time from Washington D.C. to Managua, Nicaragua is three hours and 58 minutes
- The approximate flight duration time from Miami, Florida to Managua, Nicaragua is two hours and 15 minutes
- Flying from Dallas, Texas to Managua, Nicaragua takes about three hours and 15 minutes
Since the flights are so short traveling home, checking up on an investment property or welcoming visitors to your retirement home doesn't have to be a hassle. This is the second reason to consider a Nicaraguan property purchase.
See How Easily You Can Get To The Ocean
We'd be remiss if we didn't mention the wonderful beachfront living and welcoming climate. In fact, Nicaragua has some of the world's most beautiful beaches. Depending on where your home or condo is located, you may be able to walk right out of your door and be on the beach! Boasting over 200 miles of breathtaking Pacific coastline, Nicaragua has enough surfing, swimming and sandy beaches to suit everyone.
The Gran Pacifica staff would be honored to address any concerns or questions you may have about investing in Nicaragua property. All you have to do is get in touch with us. We would love to help you out.