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Thinking about Investing in a luxury waterfront condo in Nicaragua? Plan on visiting a few months or less each year? Here is a question you should ask; what about the rest of the time, can I trust a property management company to maintain the property and keep it occupied with reliable renters? This question is a non issue if you consider investing in a Condo Hotel, or Condotel.
Condotels have been around few years and are an excellent option for some. They also have their limitations. Miami was one of the first destinations to develop the idea that has taken off in popularity as a vacation investment option. Basically, as the owner of the unit, you can stay for a designated amount of time each year. During the remaining time, your investment becomes hotel inventory. As the owner of a product that’s sold, you receive a percentage of the money brought in by the hotel. This return, if steady, can help offset the costs of the investment. Mean while your investment is professionally maintained, which you pay for in a monthly service charge.
One of the main advantages of the Condotel market in Nicaragua, specifically San Juan Del Sur is it’s a comparatively burgeoning investment arena. What that means is you will pay less and get way more for your money. Here’s a general idea. What you will pay for, literally a hotel room in Miami, will buy you a luxury waterfront condo in a resort community in San Juan Del Sur.
Cala Azul is a prime example of a luxury Condo Hotel resort development currently under way in San Juan Del Sur. According to their web site, pre-construction investments starting around $200,000 are still available.
Here’s a short list of some of the advantages and disadvantages for the Condotel investment in Nicaragua.
So Cool:
- Tourism Law 306
- What you get for your money
- No maintenance worries
That Sucks:
- No full time retirement
- May not generate income for awhile
- Personal Limitations i.e. it’s a hotel
In Related News
For the investor who wants a really short vacation stay with a minimal investment, I am developing the idea of the motel/apartment, which I refer to as the Moment. Angel investors, I’m still waiting.
Hey I know!
Got the urge to do something good? Check out Peacepassers.org. They collect and distribute soccer gear to kids in Nicaragua and elsewhere. It could be the best investment you make in Nicaragua this week.
