In Tulum real estate, the most common property types are land and condos. Each has their own advantages for buyers. The following is a list of advantages of each. Some of the advantages overlap, yet most buyers will see a clear preference for one of the other.
Low Prices – Since Tulum is still beginning its real estate boom, prices for land are relatively low compared to established tourist towns where the real estate market has already gone through its boom. This means that there are a variety of prices and sizes available to suit any budget or purpose for investing.
High Appreciation Potential – Since prices are still lower and the market is booming, there is a very good likelihood that values of land will increase. This is especially true of improved lots that have a home built on them.
Custom Home Design – Even for those who are more interested in Tulum’s lifestyle than investment will be attracted by the excellent options for custom designed homes. There are experienced builders who offer sustainable ecological homes, among many other possibilities; with land in Tulum, the nice part is that you get to choose!
Variety of Styles and Settings – Land in Tulum is actually a variety of property styles; there are raw lots that are pure jungle, and there are development lots that are ready to build on with water, electric and phone connections, streets already in, etc. There are also eco-lots in developments that preserve the natural setting, or town lots in the town center area.
Low Prices – Like land, condos in Tulum can be found for very good prices. Again, there are a full range of prices, from beachfront penthouses to nice garden condos in the town center.
Rental Income Potential – Right now, there are few condos on the rental market. This means that anyone who buys now will have good potential to generate reasonable income from vacationers, if they buy near the beach, or long-term rentals.
Immediate Use – Condos can be enjoyed immediately upon delivery without further building or improvement.
Mortgage and Financing Options – Many condos in Tulum will qualify for mortgages from Mexican banking institutions, or other financing options. This helps the average buyer fit a property in paradise into their budget!
Both land and condos in Tulum present excellent options. As mentioned above, their appeal is substantially different, depending on the tastes, lifestyle, needs and purpose of each buyer, yet investors, retirees and other buyers can feel confident in either case that they are buying a good property.
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