If you’ve decided to make the move to Nicaragua, you are going to have to decide whether you will rent or buy property in Nicaragua.
Once you’ve made the decision on whether you are going to rent or buy, you have to also consider any and all risks in investing in Nicaraguan property -because there are some, and how to maintain and manage your new home because it is different from owning a home in, let’s say, North America or Europe.
Finding a contractor is different and speaking with that contractor will be difficult if you don’t speak the language.
Homes in Nicaragua are different, including the red clay tiles, the adobe walls, clay roofs and you might even find a well in the back garden. Other difficulties include massive amounts of dust and yes, little critters called termites. You also might find a ranchera bar across the street and loud music coming from your noisy neighbours. Apartments are also different in Nicaragua. You won’t find an abundance of high rises in the country. You’ll only find some of these in Managuan. You might rent a Colonial style home. It depends on your needs.
Deciding whether to rent or buyDeciding on whether you want to rent or buy property in Nicaragua is crucial. Figure out you want to move to Nicaragua. Is it to invest and get rich quick by buying an investment property or are you moving to Nicaragua to discover a new culture, new people, a new language and enjoy a cheaper cost of living? If you are looking to invest in Nicaragua and make a profit from the property you buy, then obviously you should buy a property in Nicaragua.
If you want to discover a new culture and Nicaragua, then it’s probably best that you rent a property in Nicaragua.
Until you are certain about your goals of moving to Nicaragua, if you are not sure if you can deal with the climate or are worried about the politics, then it is best to rent until you feel very comfortable about living in Nicaragua.
We endeavour to show you new both rental properties and real estate property available in different regions in Nicaragua, working with reputable real estate agencies. We will also endeavour to be your guide in moving to Nicaragua, real estate laws and legal requirments.