(Boquete Panama Guide) I have rarely written about construction projects in the Boquete Panama area. I wrote once about Montanas de Caldera and if I were to write again the story would be very different. Still, because I know there is a need for quality condos, built to North American standards in Boquete I am going to discuss what I saw at Boquete Condo Homes in Volcancito.
The developer of the project is a friend of mine and if you knew him you would know he strives for quality in his life. That reflects on this project. He has learned as he has built and created very nice, simple, North American quality, two bedroom condos for about $110,000.
If you have not had a building experience in Panama you might wonder why this is so exciting or worth a posting here. Building in Panama is not easy. Finding people who can build to North American standards is a challenge. Finding people who know plumb, level and square is a challenge. Preventing building materials from sprouting legs at night is a challenge. Building is a challenge, so when you find someone who builds them, then sells them so that you actually know that you will receive what you paid for it is a lucky find.
These Condos are located very close to town in lower Volcancito, but far enough to avoid the noise that sometimes floats from the fair grounds.
Building number two of a planned eight is currently under construction, each building has four units, two on each level. Each unit is 1440SF as measured in Panama, meaning everything under roof, inside space is 1000SF. That 1440 SF number provides a large covered porch and laundry area, both important essentials in the Boquete lifestyle.
Construction techniques are evolving as the project progresses. Building two is M2 construction, the next will be steel and concrete panels, engineered for a 9.5 earthquake. Short of Baru loosing it’s top that building will survive about any shake possible.
The project has it’s own water storage, pumps, active septic system and all the basics. All the inside plumbing is Pex, which means fewer fittings and fewer problems with leaks in the future. This becomes very important to those who know how local plumbers work with PVC, the standard of all Panama plumbing and source of geysers in all areas.
Pex interconnect
If you are looking for a good investment the ROI on these units is excellent, they are renting for about $750 a month, that would be about 8% a year ROI. If you are interested in more information follow the breadcrumbs to Boquete Condos at this link.
By Lee.