A vacation rental is basically a space offered within a home or condominium (whether it is just a room or the whole place) typically for periods shorter than one month. Guests at vacation rentals are not tenants because they do not adhere to the legal rules of renting out a property for long term. They are usually just referred to as guests. Playa del Carmen, being an important beach destination in Mexico, has exploded with the phenomenon of vacation rentals. Trends have changed over the past. Many seek out larger units, but there is a growing interest in studios, as well.
Demand Shows Interest in Studios
Many people are investing in lock-off system units that allow them to break up the condo into smaller studio-like units to rent out to several people at a time. However, more people are starting to rent single studios. They are similar to that of a hotel room, at a much lower price and with greater freedom to do things. Amenities are also much better at condominium complexes than they are at most hotels. Our recent studies show that most vacation rentals on Airbnb today in Playa del Carmen are 2-bedroom units. This, in turn, creates larger competition amongst those units and greater rental opportunity for those with less offer such as studios.
Perhaps the most important factor in deciding to invest in a studio for vacation rentals is understanding the demand that these have. Many younger couples traveling to the region – a large chunk of today’s tourist market – seek out more affordable options. Depending on the location of your studio, you can be pocketing $100 USD per night during the high season…perhaps more. It all comes down to studying the competition and equaling average nightly rate.
Studio Opportunities in Playa del Carmen
There are many studios for sale in Playa del Carmen, and investors are quickly putting down their offers. One of the most attractive options is Believe Condos. To clash with the monotonous buildings of the area, Believe Condos proposed a unique artistic design. One full side of the building features a colorful mural. It is the perfect photo op for travelers and locals. Moreover, however, Believe Condos offers 22 studio units distributed across four levels. The reason why it is ideal for investors isn’t just due to its close-to-town location and amenities (think roof garden, bar, sundeck, pool, TRX and green areas). Its price really makes it stand out as a unique opportunity. Studios start just $79,900 USD.
The condos offer laundry, which is ideal for vacationers. Moreover, each unit is equipped with full kitchen, electric stove, water heater, closets and AC. You can also purchase a furniture package. It’s a turnkey opportunity not to be missed. They are located just a short stroll to Fifth Avenue and the clear blue waters of the Caribbean.
The Perfect Vacation Rental for You
Another great investment opportunity is The Yellow. Its location – in the Zazil Ha neighborhood – is truly ideal for vacationers who want to be close to everything. The Yellow Condos features 19 studios across four levels. Each one of them is equipped with a full kitchen, electric stove, dining table, AC and water heater. They are truly ideal for short-term rentals.
Moreover, The Yellow has amenities that include a sky bar, pool and a sundeck area. All of it offers beautiful views of the surrounding areas. Residents or guests can also make use of the fitness room for yoga or relaxing at the jacuzzi. With 24-hour security and an on-site concierge service, this studio complex is perfect for investors who want a return on their investment. Studios start at $118,222 USD!
Invest Today!
You don’t need us to tell you why or where to invest. All you need to do is take a look at today’s trends and the booming rental economy of Playa del Carmen. With so many available opportunities, investing in vacation rentals is a no-brainer.
And remember, at Top Mexico Real Estate…we make it happen!
