When deciding to retire and become a snowbird, there are so many advantages to this leisurely lifestyle. You can enjoy summer-like weather year-round by having two homes in two different places. If one of the destinations has a cold-wintery season, you can venture off to your second home that has much warmer weather! Selecting where to have a second home can involve a little thought since there are several destinations to choose from. Most people immediately think of Florida, Arizona, or California. But there is another option to that list, and it is Mexico.
Being a snowbird in Mexico and having a seasonal home provides a wide variety of opportunities. Some of the most popular reasons to choose Mexico and the Riviera Maya are:
- Its tropical climate allows for warm winters.
- The all-around lower cost of living.
- Fabulous world-class beaches and the beautiful Caribbean Sea.
- Being conveniently located when traveling from the United States and Canada.
The reasons provided above are only just a few that make Mexico an excellent choice to have a second home. Adding to the list of benefits are the resort-style amenities, plenty of outdoor activities, and the exotic restaurants and various shopping opportunities.
Snowbird in Mexico – Have a Second Home that brings Rental Income
When thinking you have it made by being a snowbird in Mexico, your retirement gets even better! Not only are you investing in a seasonal home, but you can also earn extra income when you’re not spending time in it. Imagine adding money to your bank account every month while enjoying yourself at your summer destination. Sounds too good to be true? Well, hold on to your sunglasses and tanning lotion because it is!
After spending winter – approximately 6-months in near-perfect weather, you head back to your hometown. Either using an online rental site or hiring a local management company, you can rent your home to tourists who visit the Riviera Maya. Depending on the amount of time you want to spend managing your property, hiring a management company to handle all the details is your best option. They will take care of collecting the money, preparing rental agreements, arranging a cleaning service, and maintenance and making any repairs needed.
What does this mean for you and your family?
When winter begins to set in, and cold weather is just over the horizon, head south for swaying palm trees, white-sand beaches, and turquoise water. You will arrive in great weather and by the way, enjoying additional funds in your bank account. You can take this windfall of cash and do any of the following options.
- Explore more exciting cities like Merida, Holbox, Progreso, and Bacalar, to mention a few.
- Take more tours with your partner and family in and around the area. Places such as Coba, Tulum, and Chichen Itza are perfect day trips.
- Possible do some remodeling, add to, or update your décor or furnishings.
- Invest in other opportunities that will increase your retirement portfolio.
There is nothing wrong with having some extra money in your account to do things you have only thought about doing but never acted on.
In summary, being a snowbird in Mexico and having a winter home that produces added income is never a bad idea. If you want to plan a summer getaway with family and friends, there will be nothing stopping you. Just block out the time needed and enjoy the freedom of having a home in such a desirable location.
Remember, at Top Mexico Real Estate… we make it happen!