Who said you can’t have your cake and eat it too? There are many retirees and snowbirds who migrate to warmer climate when their hometown turns into a winter wonderland. They own a vacation retreat that offers beautiful weather, gorgeous beaches, and an outdoor lifestyle that is hard to find back home. But, how can you afford a vacation home? Well, plenty of snowbirds do it through the revenue generated with it.
When you purchase a property in the Riviera Maya, you have both a perfect seasonal getaway and a property that will roll out return on your investment (ROI). Once winter arrives, you head south of the border to spend three to four months enjoying the sun and meeting up with other snowbirds. During the summer months, you reverse your latitude and keep right on enjoying the warm weather for the rest of the year up north. In the meantime, you get your property to work.
Generating revenue from your Mexico getaway
Consider listing your property on a notable rental site such as VRBO (Vacation Rental By Owner) or AirBnb. You can also collaborate with a property management company that will provide maintenance and cleaning services, as well as a host to greet your guests upon arrival. Renting out your vacation home is a great way to generate a passive income.
Playa del Carmen’s low and high seasons are becoming less separated in volume of visitors. Summer in Playa – as the locals call it – is getting just as busy as winter and other holiday seasons. If you flock down south during January through April, you can black out those months for your personal use. The rest of the year can be offered to short-term visitors or vacationers who will pay a premium for your accommodations. You now have established a stream of income that off-sets any expenses and possibly creates a surplus of funds!
Just imagine earning between 8 and 10% return on your investment annually. You will have a fabulous place to stay for virtually little to no cost. In the meantime, it will also generate extra dollars to either reinvest in a new property or save up. Who knows…you might want to upgrade or find a second place. Don’t be afraid to explore your options. The opportunities are endless. The way we look at it, as we stated at the beginning is-get your cake and eat it too!
Dream properties for snowbirds
If you’re seriously thinking about investing in a vacation home in paradise, we have some options for you in both Tulum and Playa del Carmen.
Laguna Azul: located in Downtown Tulum, these condos are perfect for an investment opportunity, which you can enjoy during the winter months. Its starting price is lower than any other development in the area, and it offers a guaranteed ROI for the first two years. Amongst its amenities, the cenote-like natural pool stands out.
L Condos: the l is for location. These Playa del Carmen Downtown condos are just steps away from the famous Fifth Avenue. They offer a perfect mix of comfort and design. Its spacious rooftop offers a great place to unwind with a drink in hand. All units come with a jacuzzi, for those looking for relaxation and a little more privacy.
Essentia: these Tulum condos by Artia (a Grupo R4 development) are found within the exclusive Aldea Zama community. Divided into two unit designs, you can choose between the ground floor living experience with a private pool, front yard, and spacious patio or the penthouse offering a majestic view of the surrounding jungle.
Start looking at your options. We’re here to help you find your perfect winter getaway property.
And remember, at Top Mexico Real Estate…we make it happen!