Investing in Puerto Aventuras real estate can offer diversification, inflation protection, and a safe alternative to the volatility of the stock market, along with excellent return on investment in the form of ongoing rental income and rapid appreciation. The gated community is known for its safety and pet-friendly atmosphere, as well as its modern infrastructure and easy access to everyday conveniences.
Here’s a quick guide to help you navigate the process of buying a property in this exclusive Mexican Caribbean resort community!
1. Setting a Budget
Before you even think about starting to look at the property, it’s important to decide how much you want to spend and how you will pay for it. If making money in Mexico real estate is your goal, it’s also advisable to pay cash for the property, since factoring in mortgage interest changes the return on investment and financing a vacation home overseas is a completely different process than buying a property at home. If you don’t happen to have that much spare cash just waiting to be invested, keep in mind that buying real estate with an IRA account is a great way to realize additional tax benefits and still enjoy all the other rewards of owning an investment property.
2. Buying Safely
Of course, no investment property will make money if it’s not a great buy in the first place, so be sure to work with an experienced real estate investment advisor who will protect your interests and knows the Puerto Aventuras real estate market inside and out. Also, it’s important to note that yes, it is perfectly legal for foreigners to own property in Mexico along the coast. The process simply requires the creation of a standard bank trust known as a fideicomiso, which permits the owner as a beneficiary to hold property in the trust with all the rights and privileges of a Mexican citizen.
3. Rental Income
It’s also important to decide how the investment property will be used before buying real estate in Puerto Aventuras. For example, do you want to use it as a part-time or full-time residence, a sometime vacation home or a rental property? What if you could have all of these things in one? Today, there are a variety of new condo-hotels in the Riviera Maya, that offer more than the region’s already excellent appreciation in the form of ongoing rental income for owners who wish to participate in the rental pool either full or part-time. These innovative new luxury condos for sale are providing returns of 8-14 percent for owners from around the world who are looking to cash in on the Riviera Maya real estate market.
4. Maintenance Issues
The Riviera Maya’s best new condo-hotels, also provide full-service on-site professional management to take care of all the headaches that typically come with owning a vacation home or investment property. Look for a development that also handles rentals and booking, as well as paying utilities, so all owners have to do is collect great ROI and enjoy the property if and when they choose.
5. Pre-Sale Purchases
Finally, never underestimate the potential windfall that can come with buying property pre-sale. Investing in Puerto Aventuras real estate that has not broken ground or has just begun the construction process can come with deep discounts and the chance to realize even faster appreciation. Just be sure to research the developer (your real estate investment advisor should be an enormous help with this) and get to know the neighborhood where the development will be. Also, make sure everything is in writing, be realistic about the time frame, and get a clear idea of what services and amenities will be offered.
Do you have more questions about how to invest in Mexico? Share them in the comments!
