Playa Del Carmen Real Estate – Some Not-so-obvious Points To Remember When Buying

By Author: Thomas Lloyd
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When you decide to buy Playa del Carmen real estate, your most important resource will be your agent; however, it is still good to have a few tips in mind at the beginning of the process. The following will help you direct your search from the beginning, focussing on properties that will suit your needs.

From the very beginning you will want to evaluate what you want out of your property. Are you looking for full-time retirement, or a vacation property you will use a few times a year? Do you want to generate income, or do you prefer to keep the property solely for your own use? Do you enjoy a project, or is a ready-to-use, turnkey property more your thing? Knowing what you want and need, you can then consider the following points.

Properties cost less back from the beach – Life on Playa del Carmen’s beaches is fabulous; they are not only beautiful but also very relaxing, for going for walks in the sand or enjoying a cold drink in a lounge chair. Yet, if you buy a property up to 4 or 5 blocks back, you can still walk to the beach in about 10 minutes. ...
... At the same time you can save significantly, finding the same level of comfort and relaxation, with amenities like pools and spas for almost half the price.


Vacation rental potential is higher right next to the beach – The other side of the coin, however, is that vacation rental demand is much higher on the beachfront or at most a block back. More than 2 blocks back, demand drops off significantly. If you are counting on vacation rental income while you’re not using the property, you’ll need to invest a little more. Larger condos – 3 or 4 bedrooms – also bring in a more regular and substantial income. You should talk to your agent about this to ensure you are choosing a suitable property.


Mortgages and financing are available – Mortgages can be obtained directly from Mexican banks. A growing number of developers are offering a variety of financing packages as well. As always, the disadvantage is that in the long term you are paying a good chunk into interest. The advantages are that you can start enjoying your property with only the down payment made, and the payments can be integrated into your monthly budget. Getting financing directly in Mexico means that your property here is used as “collateral,” and home equity back home is not tied up (as would be the case if you get a mortgage back home to pay for your property here.)


Fire sales, reductions and preconstruction discounts are available – If it is more important for you to save, and you are somewhat flexible about style and location, you can focus your search on price-reduced or discounted properties. Of course, these will also be in excellent locations and can be absolutely beautiful properties. Tell your agent if you are interested in this approach.


Gentrifying communities offer savings – There are also a handful of low-income communities near the beach (about a 10 min walk) that offer large properties for excellent prices. The communities are still a little rough around the edges, but are showing clear signs of gentrifying, with new upscale hotels going in on the beachfront, and nice roads being planned. Homes are often fixer-uppers (which offer even more savings.) This approach could work for buyers who are interested in a beautiful home near the beach at a great price, or for investors looking for longer-term return.

Carefully consider what you need and want, and talk to qualified, experienced agent about the possibilities above to help you decide which approach will work best for you.

TOP Mexico Real Estate NETWORK; "Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!" Region: Playa Del Carmen real estate 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 TOP Mexico real estate, you can contact him at (512) 879-6546. Tulum Real Estate