Build Your Dream Home in Nicaragua with Amazing Affordability

Posted by Mike Cobb on Mar 9, 2016 9:25:21 AM


Anyone with the good fortune to visit Nicaragua can already recite the major perks this Latin American country offers: an incredible climate, plenty of sunshine, friendly people, amazing culture, stunning beaches and delicious cuisine.

If you stick around a little longer, you might start to see that living in Nicaragua can also be a very affordable prospect.

Even better, it is totally possible to build your dream home from the ground up in Nicaragua, and you can do it more affordably that you probably realize.

Discover some of the key ways you can build your dream home in Nicaragua with impressive affordability.

Costs of Construction are Inexpensive

I always enjoy sharing the good news about real estate construction costs with people from outside of Nicaragua. Wherever they are from, whether it’s Europe, North America or even somewhere nearby in Latin America, they are often shocked at just how affordable new construction can be in the region.

Even at the upper end of construction, brand new homes can be constructed for less than $100 per square foot. That's because the cost of labor is very low in Nicaragua, and the materials themselves are often far cheaper as well.

If you've ever dreamed of building a beachfront home in a tropical location, it’s definitely worth your time to take a closer look at building in Nicaragua.

Local Cost of Living is Affordable

Construction costs aside, what makes a dream home in Nicaragua such an appealing and affordable prospect is also what comes after the building is done.

The cost of living in Nicaragua is very low, even compared to neighboring Latin American destinations. Once your dream home is completed, you won't need to spend a fortune to enjoy time there.

Dining out, hiring gardening staff or just buying groceries can be very inexpensive, helping your money to stretch further on a daily basis.

Real Estate Land Purchases are Economical

The foundation of a great home is the land on which it is built, something that is readily available in Nicaragua. Best of all, wonderful plots of land are a lot less than you might expect.

Even buying land in developing communities like Gran Pacifica, which already have utilities and infrastructure ranging from water to Internet access, can be very affordable. Plus, having that infrastructure already in place means no additional expenses once the building process begins.

Financing is Available

So, the construction costs are low, the land is affordable and the cost of living is inexpensive. Clearly, Nicaragua is the ideal place to build your dream home. Even if you don't have the budget for a building project right now, financing is available to make it possible. 

For lot packages at Gran Pacifica, we offer financing for up to 70 percent of the costs of the purchase, which can be repaid over a period of 10 to 15 years. The interest rates are competitive, allowing you to take advantage of the low costs of construction and get started on your dream home without delay.

It is no secret that Nicaragua boasts amazing properties, unending opportunities for recreation and an enviable climate. So if you’re looking for a great investment in a second home or vacation retreat, you need to visit us in this remarkable seaside destination.

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Mike Cobb

Written by Mike Cobb

In 1996, Michael K. Cobb and his business partner formed a company, Exotic Caye International, to provide loans to North Americans purchasing properties in Belize, Honduras, Costa Rica, and throughout the region. With a strong focus on consumer need, Mr. Cobb accurately predicted the growing demand for high quality, residential product for North American "baby boomer" retirees in the region. He led the group into real estate development and created a holding company called ECI Development for several properties, including a resort on Ambergris Caye, Belize. Michael speaks at dozens of international conferences annually about offshore real estate finance, development, and ownership. He was a consultant to The Oxford Club, hosted a weekly radio program, contributes regularly to overseas publications, sits on the board of several international companies, gives counsel to various real estate projects throughout Central America, and serves on the Board of Directors and the President’s Advisory Group for the National Association of Realtors, NAR.

Topics: Real Estate in Nicaragua