Location, Location, Location!
The saying still resonates throughout the realty world, and for a reason. When vacationers look for a perfect getaway, they want to be located in a place that offers fantastic views, a subtle ambiance, and is steps away from the water. What better view can you have if you are right on the beach? Imagine looking out over the Caribbean’s turquoise water, sugar-white sand, and a horizon that seems never to end. There is no better place to be! And this is precisely what vacationers have in mind when booking a place to stay. So, is it profitable to have a beachfront property?
What about return on investment
If the opportunity to own a beachfront condo or a house on the beach ever comes along, don’t hesitate to do whatever it takes to buy it. The initial investment could go over your budget, but the ROI (Return on investment) is well worth it. Another common saying is, “The bigger the investment, the greater the returns!” and when you invest in a beachfront property, you can see how accurate it can be.
Mexico Real Estate Market
Mexico real estate market is going strong. In the Riviera Maya, you still can find excellent properties for sale and even some incredible bargains. However, this window of opportunity will eventually close, and you will be saying, “Could’ve, would’ve, should’ve…”. Don’t let the opportunity go away!
Are beachfront property rentals profitable?
Here are some simple facts regarding the question:
- Property that is on or near the beach will keep their value, no matter what the market trends are doing.
- If appropriately managed, beach property will hardly lose money. Beach houses tend to generate a better income by bringing in higher rent rates than their inland counterparts.
- Comparing continuous occupancy statistics between inland and beachfront properties will lean favorably towards the beachfront properties.
- The beachfront property will steadily increase in value with time. This type of property will be an ‘in-demand’ commodity in any economy.
There are plenty of opportunities to purchase properties that are on the beach or only a few minutes away. You can choose from a standalone home, a condo, or a vacant lot. Building a beach house can be rather pricey even in Mexico, but again, it would suit your investment purpose. However, if your budget allows, you might want to consider a ready-built beach house. It will also bring high returns and at the same time, offer you and your family a fabulous place to escape. Just look for a beach house that offers lots of living space, enough bedrooms and bathrooms, and ample outdoor space for you to enjoy the views.
A popular and common option is a beach condo. Several communities line the beautiful Caribbean shoreline of the Riviera Maya. The most solicited accommodation places in today’s vacationing demographics are probably condos. They are slightly more affordable than a standalone beach house. However, condos offer less privacy, limited living space, and the view could be obstructed – depending on which condo you choose.
Insurance, maintenance, property management
Don’t forget to ask about a good and reliable property management company if you wish that someone else takes care of your property. Also, to research what kind of insurance you will need to cover any issue with the tenants. Besides, they can also take care of the maintenance of the property.
Ask for advice
Having an international investment as a second home can create a generous income for you and your family. If you are still hesitant about the question asked, “Are beach house rentals profitable?” Contact one of our advisors to research for you and study the collected facts. Visit a few of the sites that offer beach house rentals and condos for rent. The agent may check out their seasonal rates and look at the availability. Which will give you an idea of how often they are rented and estimate the income they are generating. You can also contact a realtor and ask about rent rolls (annual rental income files) on specific properties that are on the market.
Most importantly, enjoy the process of acquiring the property that best suits your needs, and there is no better way to do it than making an educated purchase. Be sure to contact Top Mexico Real Estate; we will help you in the process and make sure you have a pleasant experience.
Remember, at Top Mexico Real Estate … we make it happen!