Many regular Cabo San Lucas vacation lovers of have resorted to purchasing real estate in the hope of maximizing the fun and thrills offered by this top Mexican spot. Such a wise move considering the many options it offers and the benefits one can get from investing in Real Estate in Cabo. Nowadays, Cabo San Lucas is one of the most sought after places for vacation home investments with its market value steadily on the rise.
However, before contemplating on such move, it’s important to know and educate yourself on the five main criteria that will make your purchase a favorable one when opting for real estate in Cabo.
Five main points to consider for real estate in Cabo:
Where
The most essential factor of all when choosing real estate in Cabo is the location of the property. Location will dictate the price of real estate, the value in terms of views and amenities, and the future it holds when it comes to being able to rent or sell the property. A lucrative investment in real estate in Cabo depends on the advantageous location of the property, taking into considering the views, the amenities, access, noise levels, neighbors and so on. In Cabo San Lucas you will a range of prime locations for real estate: properties fronting its blue waters, overlooking a golf course, with view of the mountains, in the busy downtown area. Location will, however have a big impact on the price of real estate in Cabo.
How big?
Size matters, especially if the property will soon house a large family or a group of people. If you plan of permanently settling in Cabo San Lucas in the future, it is worth investing a more spacious villa with 2 or 3 bedrooms. Even if you are not ready to make the move to Cabo, you can rent out your property until you are ready to make it your permanent or winter home.
What’s your view
Many are enticed by owning real estate in Cabo San Lucas just because of the spectacular views one can see from many of its properties. Beach lovers will surely opt for a mansion with a nice balcony overlooking the vast, clear waters of the Sea of Cortez, while nature lovers may love the desert views. The choice is yours.
What does it offer?
Amenities are an important factor to think about when selecting real estate in Cabo. The property of your dreams centers on the things you love to do and enjoy. Golf enthusiasts will likely look for a property near a world class golfing facility. Nocturnal people will consider one that’s near bars and touristic night establishments, while beach goers will be fulfilled occupying a beachfront villa.
How long will you be spending in your Cabo Property?
How much time you can dedicate to spending in your property will also have a bearing on the kind of real estate in Cabo that appeals. If you are not likely to make regular extended use of your property, then renting or a fractional real estate purchase could be more beneficial to you. Howevers, if you are planning to spend the winters, or regular getaways each year to your Cabo property, then full ownership is recommended.
Financial opportunities
If you are looking at the business and investment side of purchasing real estate in Cabo, Cabo San Lucas is an excellent choice; you will never be short of visiting tourists, so you’re assured of renters anytime. Also, the exclusivity of Cabo is such that house prices are going to continue to rise, so now is the best time to invest.