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+ (505) 255-0313This email address is being protected from spambots. You need JavaScript enabled to view it.About Casa Granada ...
Carlos Roman Gutierrez Solis of Casa Granada Properties – Best Places In The World To Retire User Account
Home in Mangua, Nicaragua – Best Places In The World To Retire – International LivingThe cost to build a basic, decent house in Nicaragua using metal, concrete, good tiles, granite, wooden cabinets, wooden doors, and regular roofing is US $450 per square meter (about $42 per square foot). 
 
The cost to build a good quality house ranges from $500 to $600 per square meter (about $46 to $56 per square foot). 
 
Spending a bit more for the house at $800 per square meter (about $75 per square foot) gives you a beautiful, stylish, and very nicely finished colonial house with the use of a lot of wood, high ceilings, and a swimming pool.
 
All rates mentioned do not include the cost of the land.  
 
(Home in Managua, Nicaragua, pictured.)
Joseph Bowersmith – Best Places In The World To Retire User Account
Nicaragua home foundation – Best Places In The World To Retire – International LivingThree years ago, for a property a little bit out of the town of Jinotega, I paid about US $6,000 for a 120 by 112 foot lot (about a quarter of an acre), and then the house cost me around $30,000 to build, including labor and all building materials, such as local brick and wood.  This is a 900 square foot house with two bedrooms and two bathrooms, and a fireplace chimney.  
 
So, the cost to build our house was about $30 per square foot.  It’s not craftsman standards, but it's a nice sturdy house. We built it. I worked with an architect. Even though my neighbors thought I was crazy and laughed at me for that, I asked the architect to design it for earthquake standards, so we basically built it using US codes, put together a uni-monolithic construction with concrete columns and what they call “vegas,” which are the crosspieces. I used cinder block on the inside walls, firebrick for the outside walls, and steel purlins, Building fireplace in Nicaragua home – Best Places In The World To Retire – International Livingsteel roofing. Then I have four fiberglass panels, one over each bathroom and two over the living room/kitchen area. So during the day the house is very well lit without having to turn the lights on. The whole place is nicely tiled. It looks pretty nice and comfortable.
 
I was my own contractor. Prior to making that decision, we interviewed eight and one guy turned us down. He was the one who built the house we were renting.  Of the other seven, only three asked us for plans to work up a cost.  When the remaining contenders came back with a bid of over $60,000 just for their salary to be the contractor and I would have to pay extra for workers, I just said no, so I became my own contractor.
 
Inside of Nicaragua home not yet finished construction – Best Places In The World To Retire – International LivingYou don’t have to have vast knowledge in order to build here in Nicaragua. The information is there and if you have taken any time watching construction being done or actually have worked in any construction, or if you have any other skills, that is all to your advantage. For example, I have electrical skills. 
 
Our process was to first let people know we were looking for a contractor.  When you do this, people show up at your door. You have to deal with your blueprints with the city. So right away, people know you're going to be building a house and people start showing up. If they don't ask to see blueprints, and don't ask for a copy of the blueprints to work from to give you an estimate, and don't ask relevant questions, like what materials are you planning on using, what’s the square footage of the completed project, and so forth, turn around and run from the guy! A contractor who at least has a clue what he's going to do is Finished construction Nicaragua home – Best Places In The World To Retire – International Livinggoing to ask for certain information so he can actually write up a bid to do the project. And also get several bids. 
 
If you had a competent contractor to supervise and do the work I did, it will be fair to add $15,000 to the $30,000 price I paid to have my house built. So, under these circumstances, it would cost about $45,000 to build our 900 square foot house, or about $50 a foot. In my situation, doing my own electrical work, running conduit and ding the plumbing, we paid $30,000 total. We're going 5 years now living in the house, and so far, knock on wood, it’s perfect.
 
 
00-1-951-834-8116This email address is being protected from spambots. You need JavaScript enabled to view it.About The Mortgage ...
Eddy Marin-Ruiz of The Mortgage Store Nicaragua – Best Places In The World To Retire User Account
custom home Nicaragua – Best Places In The World To Retire – International LivingThe cost of building here in Nicaragua really depends on the finishes. The brick, mortar, concrete, etc. have fixed prices no matter where you build. The price changes based on the finishes. For a property on the beach, which is typically where expats tend to live, you can build a modest, nice 900 square foot home with two bedrooms for about US $70,000, or about $78 / foot. That doesn’t include the land. That’s just construction. The house would be up to American standards with better, Home Depot or high end finishes, such as granite countertops, etc.
 
I don’t want to paint the picture where people think that they can build a mansion with high-end finishes for $78 per square foot. However, cabinetry is probably one of the biggest line items for construction and here in Nicaragua, you can have custom cabinets built relatively inexpensively. There is a little bit of give and take when it comes to finishes. 
 
In the US, the cost of materials fluctuates, while here in Nicaragua, because there is not as much importation or exportation of materials as we see in the US, we don’t see the fluctuation of materials as much as we see in the US. For about $120 per foot construction in the US, it will be roughly about $70 in Nicaragua (all things being equal). The things that as a component are more labor-intensive, such as cabinetry, you will find much cheaper in Nicaragua. Labor overall is much cheaper in Nicaragua.
 
(Custom home in Nicaragua, pictured.)
Malena Kruger of Ola Verde SA – Best Places In The World To Retire User Account
The cost of construction and labor is far less in Nicaragua than in the US.
 
For example, the cost for construction in Nicaragua of a 1-bedroom condo house with a terrace, living room and kitchen of about 80 square meters (about 861 square feet) will average about US $20,000. This does not include the land.
Brett DeGreen – Best Places In The World To Retire User Account
Price of building a house in Nicaragua can vary dramatically depending on the location of the home.  In the Chinandega region new homes built over the last year range from $55-85 per square foot, depending on the finishing.  Over the past few years, building quality has increased in the Chinandega area, and there is a great selection of quality contractors.  Managua is still a destination for higher quality appliances and fixtures.  
Russell Newman of RusSELL Realty – Best Places In The World To Retire User Account
Of course with labor cost so low in Nicaragua and an ample supply of raw materials building costs can be extremely low whether you want a little casita on the beach or a luxurious few thousand square foot home. On the average the cost to build a house in Nicaragua is somewhere around US $50 / square foot, which will get you a comfortable "American standard" home built. We have good builders that construct brand new 3 bedroom 2 bathroom with granite counter tops etc. homes for a little as $49,000.

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