What do real estate investment and a Mexican retirement lifestyle have in common? Most people can guess that a good real estate investment strategy could lead to an early retirement in Mexico, but what is sometimes less obvious is that enjoying a retirement lifestyle in Mexico can also become an excellent property investment.
La Escondida, a Mexican retirement community in Playa del Carmen also ideal for families and young investors, demonstrates the point well. If you are a retiree, anyone else ready to enjoy the relaxation of a retirement lifestyle, and you will be living only part of the year in Mexico, some unique features of this boutique resort will allow to generate an income while you’re not using your property.
Very competitive property prices and accessible condominium fees (compared not only to resorts, but to most condo developments) allow you as a property owner to rent out your property at a rate attractive for small groups of vacationers looking for an more affordable, and more comfortable, alternative to a hotel (they will be renting entire homes or condos, giving them more personal space.)
An optional rental service, which includes promotion and management, as well as an on-line rental portal gives you control over your income while you’re away, with the peace of mind of having leading professionals promote your property. A study of rates in the area and competitiveness of this development suggest that with 30 days of rental you will have covered expenses and will be enjoying an annual profit.
What else will prompt vacationers to rent your Mexico condo or home? The same things that will attract you to buying the property to enjoy for your retirement or vacations in the first place. On one hand, there are many services offered within the community, ranging from putting greens to a fitness center, or chef services. Within walking distance is also a mall with a theater that plays movies in English.
On the other hand, there is a set of services designed specifically to help you or your renting vacationers to enjoy the many, many things to do surrounding area. A concierge can make suggestions, bookings, and review schedules and costs. A eco-friendly transportation service can take you to your destination. An on-site tour company can arrange and carry out the whole trip for you. There is a service to drop you and your luggage off at your front door, meaning no hauling bags. (The community is car-free, and those who own cars can park them in a shaded parking area within the security gate.)
This combination of services is unique within Playa del Carmen real estate to date, and will provide you with an edge over others offering vacation rental properties. Because of the low prices, the rentals will be targeting a market area which has very little competition from large resorts, small hotels or even condo rentals.
Do you want your retirement or vacation property to be a convenient and profitable investment? Consider La Esconida.
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. In the summer of 2009, he received the first federally applied Mexico Real Estate Degree and Mexico Professional Real Estate License S.E.P. #5978657. He is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546 or through the company’s web site www.TOPmexicorealestate.com NETWORK
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Minneapolis construction says
This is very nice post really a good information, thanks for the sharing please keep up the sharing of this types of informations…