Already on ArticleSlash?

Forgot your password? Sign Up

How to Choose you Playa del Carmen Condo Investment

Thomas Lloyd
 


Visitors: 198

When choosing a property for your investment, you will need to consider a set of key factors determining the possibility for good return both from rental income and from property appreciation; while Playa del Carmen condos follow many of the rules generally associated with real estate investment, the following are some of the main points with specific information from Playa del Carmen.

Access to the Beach

A property doesn't have to be directly on the beachfront to be good for rentals, but make sure that the walk is short, and that there is an easy, clear, safe and visually appealing way available to the beach. On the other hand, some developments further from the beach are offering a shuttle service, which would win out over a long or unpleasant walk. Most downtown/central condos have easy and pleasant walking access – the majority of roads lead to the beach.

Size of the Property

Rental properties are often chosen by small groups (6-8 people) who can save money by renting a condo instead of paying a hotel or resort. They can cook their own meals, and live in the comfort of their own property. For this reason, a condo with 3 or 4 bedrooms is usually the best pick.

Services Nearby

While there are usually bars, restaurants and beach clubs on the beach (e. g. Fifth Avenue which runs parallel to the beach downtown, ) it is also convenient if there are stores to buy food nearby, some restaurants, etc. for easy access when renters don't really want to “go out. "

Rental History

Ask your agent to find some real numbers on rental history; if the current owners haven't attempted rental, or if the numbers don't look good, you may still be able to do much better. There are plenty of good rental agencies or property management companies. Check with some of them to see the going rates and success of condos in near the one you are considering. If the condo's complex has a rental program, investigate its success.

Up-and-Coming Areas

While the last 4 points dealt with rental income potential, the neighborhood in which your property is located will have a lot to do with how well the value of the property will increase, should you choose to resell in the future. While a Playa del Carmen condo right downtown may do best with rental income, one in an up-and-coming neighborhood could be less expensive to start, and could appreciate more once that neighborhood picks up. Examples are the Coco Beach neighborhood, just a short walk north of downtown, or the areas on the other side of the federal highway; some land in those areas has appreciated 44% over the last year.

TOPMexicoRealEstate.com; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely

Playa del Carmen condos

(518)

Article Source:


 
Rate this Article: 
 
Playa del Carmen Condo Lifestyle on Coco Beach
Rated 4 / 5
based on 5 votes
ArticleSlash

Related Articles:

Playa del Carmen Condo Checklist – Buying for Investment

by: Thomas Lloyd (November 10, 2010) 
(Real Estate)

Playa del Carmen Condo Investment & Mexico's Economic Expansion

by: Thomas Lloyd (February 17, 2011) 
(Real Estate)

Playa del Carmen Condo Sales to Benefit from Tourism Investment

by: Thomas Lloyd (February 16, 2011) 
(Real Estate)

Playa del Carmen Condo Sales – How to Make Vacationing an Investment

by: Thomas Lloyd (January 19, 2011) 
(Real Estate)

Playa del Carmen Condo – Off the grid?

by: Thomas Lloyd (September 28, 2010) 
(Real Estate)

Playa del Carmen Condo Rentals

by: Deanna Robinson (November 17, 2007) 
(Travel and Leisure/Vacation Rentals)

Don't Just Look for a Playa del Carmen Condo Sale – Experience It!

by: Thomas Lloyd (January 04, 2011) 
(Real Estate)

Playa del Carmen Condo is Upscale Neighborhood – Only $125,000!

by: Thomas Lloyd (June 22, 2010) 
(Real Estate)

Playa del Carmen Condos; In Which Area Should I Buy my Condo?

by: Thomas Lloyd (July 13, 2010) 
(Real Estate)

Playa del Carmen Condo Lifestyle on Coco Beach

by: Thomas Lloyd (October 26, 2010) 
(Real Estate)