With affordable real estate, incredible weather and close proximity to the United States, it should come as no surprise that Nicaragua has become a top pick for real estate investors and retirees alike in recent years. If you are serious about purchasing one of the many Nicaragua homes and condos for sale, answer these five questions first.
1. What Will the Purpose of the Property Be?
The most important question to ask when considering properties to buy in Nicaragua is how it will be used. Some buyers may want to live full-time in a condo once they reach retirement age, some will use the house frequently for long family vacations, and others will keep it exclusively for vacation rentals. Knowing the intention of the property can help you determine how much you really want to spend, what return you can expect and more.
2. Is It Newly Constructed?
There are three types of properties you can buy in Nicaragua: brand new real estate, older properties and property built-to-order according to your specifications. Ultimately, the best option depends on your budget and how specific your design tastes might be. Newly constructed properties are not always more expensive, especially if they are going up in new subdivisions. Plus, this allows you to decide exactly how much home you need.
3. How Close is the Beach?
One of the biggest reasons to buy property in Nicaragua is to be close to the beach. This is especially true when it comes to rental properties that might be used by visitors. Make sure you know exactly how far away the beach is from your prospective home or condo, and determine how walkable that distance is as well.
4. What Amenities are Nearby?
The next question to ask is about the area's infrastructure. While some people might love the idea of a secluded home on the beach, others would prefer to have a secure neighborhood, paved sidewalks throughout the community, a swimming pool within walking distance, and shopping or dining nearby. In Nicaragua, you can find everything from golf course homes to beachfront condos with all the amenities you might need.
5. What is the Surrounding Community Like?
Finally, make sure you know what surrounds your new potential investment. There is a big difference between urban living in Managua, isolated beaches and friendly communities. In places like the Gran Pacifica Beach & Golf Resort, you can expect a number of expatriates, many of whom come from Europe and North America, who are eager to get to know their neighbors and create a vibrant community atmosphere.
Buying Nicaragua homes and condos is a big decision, and this kind of substantial investment should be carefully analyzed before you take the plunge. Click here if you are interested in learning more about available homes and condos currently for sale in Nicaragua.