While buying a Mexico condo for sale is seen as a well-deserved extra in life – a vacation property or a winter home for retirement – it’s good for buyers to keep in mind that the same condo can double as a profitable Mexico property investment, especially if you buy in a condo hotel setting.
This fact makes it easier for many Americans and Canadians to consider the possibility of a luxury vacation property in Mexico; while spending X amount of money on the property is entirely feasible, it becomes that much more justifiable, attractive and manageable when that same property covers its own expenses, or even brings an annual profit, instead of presenting you with an additional annual expense.
The key to enjoying a profit from your vacation property is to have a well organized plan of attack to balance personal vacation enjoyment, property management for vacationers, and a marketing strategy. A condo-hotel, especially one in a resort setting, makes the combination of these three factors easiest for you. One excellent example is certain Playa del Carmen condo sales in upscale resorts.
Some features to consider which will maximize your enjoyment and facilitate your profit are:
-    Rental pool organization – While well laid-out regulations about how you choose your personal usage time and designate rental time can actually help to take your mind off of your property, and, in the end, allow you to enjoy your property more fully, knowing that the rental side is completely taken care of. Most systems include a good deal of flexibility in balancing these two sides.
-    Hotel management company – This point is important, because when you are on your own vacations, this service will determine the quality of your stay. It is also the point which will build the reputation among potential clients and generate returning clients.
-    Marketing strategy – It’s worth investigating what rental strategy your condo hotel is using, as well as historic occupancy rates. Knowing this ahead of time will let you know what you can expect in terms of rental income. Some companies offer a guaranteed return.
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It is also good to consider the services offered in the hotel or resort where you’re buying; if you have a family, for example, you may want a kids club or play area. For the side of profit, consider how the services compare to current market trends in the area; i.e. what do other vacationers want in a resort? Some items to consider are:
ñ    Restaurants
ñ    Spa
ñ    Beach club
ñ    Sports/exercise facilities
ñ    Transportation – on-site and to and from town
ñ    Beachfront access
Not all of these may be necessary depending on the location and target market, but remember that you’re buying for your own vacationing enjoyment as well!
Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. In the summer of 2009, he received the first federally applied Mexico Real Estate Degree and Mexico Professional Real Estate License S.E.P. #5978657. He is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546
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