Once the secret jewel of Central America, Nicaragua is beginning to see a rise in popularity for both investors and travelers. The country is safe, beautiful and affordable, and real estate prices are lower than you might expect, especially when you factor in the stunning beaches and coastlines the country has to offer. If you are serious about investing in Nicaragua homes and condos, this guide reveals some of the key things to look for before you make the investment.
New Construction vs. Ready-Built
One of the biggest things to consider when investing in property in Nicaragua is whether to purchase a plot of land where a home has not yet been built versus an already-built home or condo. There are certainly pros and cons to both options, but many investors prefer to purchase brand-new homes that have not yet been lived in. This is especially true for those who want to retire in Nicaragua or live full time in the residence. For rental properties, this may be less of a factor.
Income or Residence?
Another important thing to give thought to before investing in Nicaragua is what the home or condo will be used for. Obviously, a summer condo for a couple will be an entirely different space when compared to a full-time residence for a family with children. In particular, decide whether the house or condo will be a rental property that can bring in additional income. This may help you to narrow down your choices and pick a more universally appealing property with greater earning potential for the future.
Although the home or condo is the priority for many buyers, you don't want to overlook what surrounds the property. Having amenities in the neighborhood within walking distance can greatly boost your personal enjoyment of the location as well as its resale value. At Gran Pacific Beach and Golf Resort, for example, pools, fitness facilities and golf courses make the entire community an appealing place to visit or even call home. These amenities can go a long way in attracting renters or buyers should you ever decide to make money from the real estate investment.
Proximity to the Beach
Finally, don't forget about the beach! Nicaragua's surfing beaches, white sand coastlines and refreshing water are a big part of the destination's appeal, so proximity to the beach should be a big factor. From enjoying an ocean view while dining al fresco at your house to being able to walk to the beach in the morning, this is something that can greatly improve your quality of life in Nicaragua.
Nicaragua real estate is a solid investment, but the key to finding the right property is knowing what to look for. Click here for more information on investing in homes and condos in Nicaragua.