Playa Del Carmen Real Estate – Beachfront Retirement, on a Budget
Do you think that you can’t afford to retire on the beachfront? If so, consider this; the Riviera Maya, the stretch of beautiful beachfront communities starting at Cancun, going down past Playa del Carmen, and finally reaching Tulum, provides many properties for sale of all types, sizes, shapes and prices. Besides falling into various different budgets, many of these have the potential to be used for income purposes or, with time and planning, can be acquired at a much lower price than expected, helping to prepare you for a comfortable retirement.
One of the best ways to prepare for retirement is to buy a property which can serve a vacation home, and be rented to tourists while not in use, providing an income. Cancun Real Estate and Playa del Carmen Real Estate include condos and villas which are in high demand locations for vacationers.
It has already been proven a financially sound option to invest in this way.
Property management companies make it easy for buyers planning ahead for retirement to rent out their future home.
This rental income can balance the expenses of ownership, and provide some extra savings. This option is ideal for those who have slightly more funds available now, but want to see those go a far as possible.
Another way to plan for a financially sound retirement is a land purchase. While Cancun and Playa del Carmen provide excellent land options, Tulum Real Estate in particular currently provides many land purchase options, at relatively accessible prices.
This is especially an excellent option if are buying with time to build the home of your dreams near one of the world’s most beautiful beaches during the years that you prepare for retirement.
This is a great idea if you have a specific idea in mind of what style you would like for your home, and you want to invest into in stages.
Another option is the “fixer upper.” A Playa del Carmen or Tulumhome in not 100% condition can often be bought for a considerably lower price than the area’s typical market value. With time, dedication, and a small amount of funds available the right “fixer upper” can be converted into a perfect beachfront home.
If you’re a handyman who likes to save money and see great results at the end, this is the choice for you.
Each of these options will allow you to own an excellent property on the Riviera Maya at a considerably lower cost than you might expect; the property can be entirely paid for and ready to enjoy and relax by the time retirement comes.
You can consider which option is most suitable for your financial situation, the time you have available, and the type of property you would like to have for retirement. Do some research on internet MLS listing pages, then, contact an experienced, reliable broker to have them help you search for select, and complete the buying process for that idea home for your retirement on the beach.
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. A Mexican Certified Realtor he is the current president of Mexico Real Estate, you can contact him at (512) 879-6546