If you’ve been thinking about a retirement home or perhaps a vacation home, you really can’t find a much better option than Los Cabos Real Estate.
Whether you’re considering a move or simply interested in making an investment in the area, there are many benefits to investing in real estate in Cabo. Check these out!
Return on Investment Potential
If you’re considering purchasing a home in Cabo but don’t plan to move there permanently yourself, you can potentially use the home to gather a return on your investment.
You will most definitely be able to make some money if you choose to use the property in this capacity. Rent it out in the seasons and timeframes that you are not using it.
It is said that you can gain up to 60% profit from renting out a property in Los Cabos. In fact, if you are comparing to other property locations in Mexico, the return is considerably higher in comparison to those properties.
Of course, this would depend upon the value of your property and how you are able to rent it out.
In addition to a return on investment from rental use, you could simply purchase and enjoy it for a few years and sell it yourself. The real estate market in Cabo is huge, which means prices are rising and properties are in high demand.
You could keep your property for 10-15 years, then sell it for probably significantly more than you paid for it to begin with. That doesn’t even include if you made money on it during those 10-15 years that you owned the property.
Location is Everything
One major advantage of Los Cabos real estate is the location. Baja California Sur borders the Pacific Ocean, so you have a beautiful region. In addition, it’s a popular and convenient location that is not too far away from a lot of other popular spots.
This is one of Mexico’s top tourist areas. The West Coast of the United States is only about 1,000 miles away. This give you central access from multiple advantageous locations.
It’s less than 1,000 miles (approximately 950) from Los Angeles, California. Or, it’s just slightly over 1,100 miles from Las Vegas, Nevada. Phoenix, Arizona is just over 1,000 miles away from Cabo San Lucas as well.
These are just some basic examples. They give you a general idea of how accessible the area is and how close it is to popular locations with airports nearby.
It Might Be in Your Budget
You might be surprised to find that since Cabo San Lucas is in Mexico, the prices for purchasing property are affordable, especially when you compare them to other destination areas. Remember, this is a growing market with growing demand so this may not always remain the case.
Owning the home could also be affordable as ownership costs are conveniently more reasonable. You can compare several areas of homeownership. Property taxes are typically about 0.1% of your assessed property value. In Mexico, this is referred to as Predial.
The average property tax in the United States is more like 1.15% and sometimes much higher with some states well over 2%.
The area has a reasonable cost of living, although that cost can vary depending on the tourist season.
You’re Not Likely to Lose Money
Some investments can certainly be risky. In the case of Cabo San Lucas, you’re not likely to lose. You probably won’t “go under” based on your investment. Of course, there is no guarantee of this. When you consider the popularity of the area, however, it’s somewhat safe to assume your investment will pay off.
Cabo San Lucas is a tourist area. It has a lot to offer for travelers as well as the natives. You can put your investment to use and as long as you take care of it and protect it, you should see results for your efforts.
With the beautiful area and the activities that Cabo can offer, the area is not likely to turn into a ghost town anytime soon. In fact, we anticipate it will do just the opposite and continue to grow in popularity and size.
Enjoy Los Cabos Real Estate for Yourself
As mentioned, you can purchase a property in Cabos with the intention of using it as an investment property. Or you can purchase a property with the plan to have a vacation home or a retirement home to enjoy.
Regardless of your plan, be sure to spend some time enjoying the property for yourself. Cabo is a beautiful area at the tip of Baja California. The waters are clear, the beaches are free, and there is much to see and enjoy.
You can visit Cabo regularly or live there permanently and never tire of what the place has to offer for enjoyment. You will find that the effort will be well worth your relaxation in the sunshine.
Are There Any Downsides?
With any investment, there can be risks involved. Should you choose to consider purchasing real estate in the area, it’s a good idea to find an agent that you can trust to work on your behalf.
You certainly don’t want to end up in some sort of scam or investing in a property that isn’t all it’s cracked up to be!
Enjoying Cabo Real Estate
Picture it. A house with a view that overlooks the beach. It’s the perfect place to soak up some sun and see the beauty that the landscape has to offer. With an improving economy and positive changes throughout the area, you’re bound to enjoy this investment.
If you’re considering checking out the real estate in Cabo, connect with Cabo Discount Tours to help you find a solution that is right for you!