Five years ago my fabulous friend Colleen told me that both her and her Mom had bought a lot of property in Nicaragua. Considering that I didn’t even own a car yet, this seemed like a pretty impressive investment.
Who would have thought that all these years later we would be meeting up in Nicaragua, and I would get to see all the finishing touches being put on their gorgeous casita.
I’m so happy that Rose and Colleen have agreed to share their story, and offer some advice to those who may be thinking of building a house in Nicaragua, or other foreign countries. So without further ado…take it away ladies.
and natural disasters has made property ownership in this country an issue. This is all in the past the future is looking great with stronger government, international support and awareness we felt this was a great place to invest. Since we purchased our property 5 years ago we have learnt a lot but we’ve narrowed it down to the following five tips. These are the most important points for anyone considering building in this country:
same thing as you that will have lots of advise. In fact – do this BEFORE you buy so you can learn more about the area and pitfalls to building there. Then once you purchase the land, plan on spending some time there to hang out and meet people.
5) Plan on Being There as Much as Possible During the Building Process: Yes, if you have a good contractor you can do a lot remotely. We have. Our contractor sends us updates and pictures as new work is completed. But nothing beats being there to check in on what is going on and nip any unforeseen problems in the bud.
6)Be Vigilant: Don’t think the real estate/legal system will protect you in the same way as in the US. Be extra vigilant to get a references and a good lawyer to handle the land purchase transaction to ensure your title is safe and clear.
This has been an amazing experience with some stressful moments and some successful ones. As long as your expectations are in line and you have done your homework the reward will be worth it!
And with a view like this, how can it not be worth it! Thanks guys!
If you have any questions for Rose or Colleen, leave them in the comments below.
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