Are you an experienced investor or just learning the ropes? Either way, it won’t be hard to figure out how real estate opportunities in the Riviera Maya can bring you above average profits. Investment opportunities are calling out to you no matter what level of experience you have. In the past ten years, the Riviera Maya’s golden perimeters have grown to double digit figures. The once-casual stopover has become a world-class destination all on its own. The Riviera Maya stretches from Puerto Morelos to Tulum, encompassing Akumal, Puerto Aventuras and the anchoring town of Playa del Carmen. Technically, Cancun isn’t part of the Riviera Maya, although it is often added into the mix.
What makes for a good investment?
There are many reasons that make for a good investment. Having the combination of all the right ingredients will keep people coming back to your condo or home. Consequently, this will maintain a steady stream of revenue and a higher profit for you. As an investor, you need to consider all the elements that are important to vacationers of all types. Generally, they are:
- Having plenty of accommodations to suit any budget or specific need.
- The ease of mobility (public transportation, rental cars, bikes, other options).
- A variety of shops, restaurants, bars and attractions.
- Pleasurable terrain and weather.
So, what attributes make your investment worth it?
As an investor, you can look at either developed or undeveloped property. This includes newly-built, move-in-ready, previously-owned and pre-construction. You will also have to consider location and where you want to be. Most all Riviera Maya towns have multiple developments that include pre-construction sales. This type of opportunity usually offers special pricing and/or furniture and appliance packages. There are also move-in-ready condos that are priced to sell. What’s nice about the Riviera Maya is that it appeals to all demographics. The need for one, two or more bedrooms and bathrooms in the surrounding area is growing very rapidly. The bigger the investment, the bigger the returns.
Throughout the Riviera Maya, there are developments that are within steps of the beach, jungle and downtown amenities. Towns like Puerto Aventuras, Playa del Carmen and Tulum have several developments that are short walk to the beautiful Caribbean Sea. Here is where you will receive higher rents and year-round bookings. If you choose a condo or home that is within a 5 to 10-minute walk to the beach (usually for the budget-minded traveler), you might want to consider property closer to the inner city. Being downtown will also attract renters who want to be within walking distance of shopping, restaurants and other attractions. Bookings are still strong and will probably appeal more to the longer-term renter. For the owner, it will provide a more consistent stream of revenue.
Originally referred to as the Cancun – Tulum corridor, the Riviera Maya was renamed in 1999. Mexico’s Federal Highway 307 begins in Cancun and leads south along the coast to Tulum and past. This very modern and well-maintained highway allows easy access to all the coastal towns that hug the Caribbean Sea. When vacationers visit the area, they want to have transportation options. To help enhance their experience, the Riviera Maya offers several choices when it comes to moving around. There are luxury bus lines, charter services, taxis, public transport, and soon, the Maya Train and a Metrobus system. There are also several brand-name car rental agencies scattered throughout the region. Your guests can also rent bicycles or you can provide them as part of your rental.
A variety of entertainment
When travelers are visiting new destinations, they love to experience local cuisines. The Riviera Maya is known for its culinary delights. Every town offers an abundance of restaurants. They prepare a broad array of foods such as Italian, Asian, American and, of course, authentic Mexican. All of this can come accompanied by fabulous spirited beverages. There are plenty of cantinas where vacationers can have an ice-cold beer, shot of tequila or the famous salt-rimmed margarita.
There are a variety of local markets, as well. Your guests will be spoilt for choices. They range from ultramodern malls to authentic boutique shops. Inside, you will find everything from clothing, handmade crafts and jewelry to electronics. Having a condo situated near a store-lined street can be very appealing to vacationers. Many downtown communities have parks with local entertainment such as cultural, music and sporting events. This will provide plenty of daily activities for families, couples, friends and solo travelers.
The Riviera Maya has about every modern convenience offered in any developed country. Mexico offers up-to-date WiFi connections, cable TV and cellular phone service. Their electrical grid is very reliable and offers coverage almost everywhere. They have fresh running water, sewer systems and trash services. Most all the streets have sidewalks, curbs and gutters. With the exception of a few mom and pop establishments, all major credit cards are accepted. Moreover, there is a well-equipped police department, medical system and fire department. Let’s not forget Cancun’s very modern airport that is less than an hour away. There is virtually nothing offered anywhere else that the Riviera Maya doesn’t have. This is a big plus when considering purchasing in a foreign country.
Pleasurable terrain and weather
One of the biggest advantages to investing in the Riviera Maya is its fabulous terrain and weather. The Riviera Maya has award-winning beaches that attract visitors from all around the world. The amazing sugar-fine white sand with the Caribbean’s turquoise water lapping against its shore adds so much value to an investor’s profitability. You will find unspoiled jungles filled with exotic foliage and local wildlife just beyond the beaches. Additionally, developers are building eco-friendly communities that keep nature’s habitat protected. The Riviera Maya has near-perfect weather year-round. Tourists love this sun-drenched region to escape from their winter weather back home.
Make your investment today – reap the benefits tomorrow!
The above advantage points only touch the tip of the iceberg in explaining why investing in the Riviera Maya’s booming real estate market could prove very profitable. As an investor, you might want to consider looking into sustainable homes and condos. This is becoming a trend for people who want to stay in places that don’t totally rely on a grid. It is especially important to have a realtor that listens to all your wants and needs.
Let one of our professional Buyer’s help you select the perfect location. No matter where you invest in the Riviera Maya, we are sure it will bring a significant return on your investment.
And remember, at Top Mexico Real Estate…we make it happen!