How to buy your first investment property in the Riviera Maya?

We know these are complex times, which is why I want to take this opportunity to share my experience with you about what to consider when investing in real estate in the Riviera Maya.

Due to the recent increase in tourist activity, the Riviera Maya has become the ideal option for those seeking to invest in real estate. In order to fulfill the demand for residential-tourist housing, the availability of real estate has increased to such an extent that it is sometimes confusing for the investor to know where to begin the purchase decision process.  I have outlined the following 5 points to help you through this process:
1.- Use of the property.
Do you want to occupy it as a second home, as a permanent residence or perhaps rent it out while you are not using it? Having this objective clarified will help you define the type of property you are looking for. Also, knowing what types of services are needed nearby is important when selecting the appropriate option.

2.- Location of the property
Once you have decided how you would like to use your property, we can go on to select your best location. The top two places in the Riviera Maya where most people purchase real estate are Playa del Carmen and Tulum. However, Puerto Aventuras and Akumal also have their own particular charm.
Another factor to consider is whether you want a condo or house facing the sea, in the center of town (near the beach) or a residential property (a  little further from the sea but close to services such as schools, banks, hospitals) 

3.- Units per project
This is another important point to consider. There are properties available in smaller projects which offer basic amenities such as a pool or green areas.  But there are also larger properties which offer a wide variety of amenities that may include multiple pools, restaurants, gym and cinema. The latter having more of a resort- like atmosphere.

4.- Evaluate the Developer
It is very important to choose a developer with extensive experience, broad financial strength and a good reputation for completing real estate projects. It’s also important that the amenities and finishes are stipulated in the contract. It is equally important that the developer have a good record of after-sales service. In short, being familiar with the developer is vital to avoiding long-term issues.

5.- Finished or Under Construction?
Each of these options has advantages and disadvantages to consider. The first step is to define the following: When do we want to use the property? Is it useful for us to defer payment? Can we visualize the property from the plans? Does the developer offer a guarantee for fulfillment of obligation in the purchase contract?

As you can see there are a wide variety of options to consider when making your first investment in the Riviera Maya- These are some primary considerations, but if you have  any further questions please write to me or send me a WhatsApp and I will gladly answer you .

What did you think of this information? , I’d love to know your opinion.

If you want to know about a specific topic, let me know and I can answer your questions in the following posts.

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