For most people, the idea of owning real estate in a tropical destination is a dream far removed from everyday life. You might expect a slice of beachfront paradise to be millions of dollars beyond your own budget, but you would be mistaken.
Property prices in Nicaragua are a lot more affordable than real estate in other parts of the world, and owning a condo is a smart way to have your own home in paradise.
Low Cost of Living in Nicaragua
The cost of living in Nicaragua is definitely different from the cost of living in most coastal destinations. Restaurants and grocery stores offer their products at prices similar or even lower than what you might be used to back home, which can help keep costs down when you visit or stay for longer amounts of time.
By saving money on everyday expenses, you can afford to spend a little more on real estate and owning your own piece of paradise in Nicaragua. Plus, maintenance costs on a condo are far less than they might be for a large house.
Potential For Profit When Reselling the Condo
Condos are affordable, but they are also a smart investment for the future. As the government invests more in the infrastructure of Nicaragua and tourism rates skyrocket, there is little question that real estate prices will rise as well over time. If you ever want to part with your condo in paradise, you may be able to turn a tidy profit.
Condo Rental Income
Unless you plan to spend all of your time living in your condo, you can also choose to rent it out as a means of income. Travelers from around the world love being able to rent private apartments during their time in Nicaragua, and you will appreciate the extra income.
A Smart Retirement Plan
Many investors and those planning to retire soon use their property purchase as a type of retirement plan. Investing now, while property is more affordable, can help you have a dream destination in which to retire one day in the future.
If you are one of the people who think that condos in Nicaragua are beyond their budget, think again. Click here to discover how owning a piece of property in Nicaragua is more affordable, and a better investment, than you might assume.