One of the favorite property types for Playa del Carmen retirement has been condos – and this is with good reason. Yet home and land purchases offer a number of advantages in their own way. The following are a few of those advantages.
Playa del Carmen homes for sale are available in a variety of settings and locations. Stand alone villas can be purchased in a complexes which offer maintenance services, pools, and common green areas – some of the main features which attract buyers to apartment-style condominiums.
Single lot homes are also attractive to many retirees who want to take advantage of the area's warm weather to enjoy year-round gardening. For those who only enjoy their home in Playa del Carmen during the winter, homes, along with larger condos, are attractive for shorter-term rentals, although in this case the location should be considered carefully.
Also, retirees who live in Playa del Carmen often find that they're suddenly getting a good deal more visits from family members; if these visits are welcome, it's worth having the space to host everyone. In the case that grandchildren are visiting the yard space of a home can be ideal for the kids.
Playa del Carmen land for sale has very similar advantages as an end result (i.e. you'll have a single lot home), but is a different concept in the fact that it becomes a personal project. You will be planning your own dream home, the way you want it! For those who like projects, this can be a very rewarding undertaking to enjoy retirement in the home you've always wanted.
Buying land and building a home also has the advantage that you can draw out the expenses over time, and not have to come up with the lump sum immediately (i.e. you first pay for the land, you later have the home built, then landscaping, etc.) As opposed to buying on a mortgage, there are no interest charges for the time that you wait.
Land purchases also offer the advantage of overall savings, that is, the total cost of buying land, building, landscaping, furnishing, can be less than the cost of buying completed home, if buyers take the time to find the right price in a good location.
Of course, the final choice of which property type to buy depends on your personal needs and tastes for retirement. The key, however, is not to consider only one option, without even reviewing if the others may work just as well, or better.
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Region: Playa del Carmen real estate.
Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. A Mexican Certified Realtor he is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546.
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