Should I buy or rent a home in Nicaragua?
If you have not spent a lot of time in Nicaragua, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"The decision of whether to buy or rent a home in Nicaragua depends on a variety of factors. It is important to research housing costs, local neighbourhoods and taxes in any location before making a decision. It is also important to consider how long you plan to stay in the area and how easily you can move if necessary. Buying a home can be beneficial for people who plan to stay longterm and want the security of owning their own property. However, renting can be a more economical option for those who plan to be in Nicaragua for a shorter period of time and want the flexibility of moving when needed. Ultimately, it is a personal decision that should be considered carefully before committing to a purchase or lease," commented one expat who made the move to Nicaragua.
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William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
William RussellWilliam Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
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"We bought a home but I recommend you rent first for at least six months. Not everyone likes it here. You do not have to be a resident to buy a home or own a business in Nicaragua. It is fairly easy to buy a home but be careful! Everyone will try to sell you property and many of them are not stellar examples of character. Work with a known real estate agency. It is easy to forget to do the normal due diligence when you are looking from your potential property watching the sun set over the ocean," remarked another expat in Granada, Nicaragua.
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Other Questions:
- What do I need to know before moving to Nicaragua?
- How do I find a place to live in Nicaragua?
- What is a typical expat home or apartment like in Nicaragua?
- What is the average cost of housing in Nicaragua?
- Should I buy or rent a home in Nicaragua?
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- What cultural faux pas should I try to avoid making in Nicaragua?
- Why do people move to Nicaragua?
- What are healthcare services like in Nicaragua?
- What are medical services in Nicaragua like?
- What are typical rents in Nicaragua?
- What appliances are typically included in a rental?
Should I buy or rent a home in Nicaragua?
If you live in Nicaragua, newcomers to Nicaragua would love to hear your answer to this question.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
