Penthouse-Suite-Luxury Condos

Retirement and Downsizing to Luxury Condos

Downsizing to luxury condos can be a reality for the seventy year old baby boomers and post-war babies in full swing of retirement. Even though the babies from the post-war period are still quite a ways from needing sheltered or assisted accommodation in retirement villages, many baby boomers and post-war babies are ready to downsize from their long-time family home. Downsizing to luxury condos after retirement is a great option. If you are considering downsizing to a luxury condo, then there are some things that you should think about. Look below at the 4 top things to consider before downsizing to a luxury condo.

  1. Luxury Retirement Communities
  2. There are many luxury condos that naturally become beautiful retirement communities as the population ages. If this is the kind of lifestyle you seek then these kinds of communities are the right choice for you. However, some retirees want a mix, which is why it is important for people to have the right type of luxury condo community to meet their needs and preferences.

  3. Vulnerabilities and Convenience Knowledge
  4. Retirees and older people know they need to meet their vulnerability needs while also appreciating convenience upon retirement. This is the time when retirees and older people are beginning to face their vulnerabilities and the importance of convenience such as a ground level condo that has an amazing view or a luxury condo that is in a high-rise with an elevator.

  5. Luxury Amenities is a Must
  6. Luxury amenities is a must for 55+ and retires. This could be a pool, parking underground, services from concierge, shopping that is easy to get to, and cafes and restaurants that can capture the attention of baby boomers and retirees in today’s competitive market for luxury condos.

  7. Location is Key
  8. Location is key for any older people buying a condo. The location should always be thought about before the purchase, even all expert professionals can’t stress this enough. When you are looking at a condo to purchase, then look over the location very carefully. Retirees want to have easy access to leisurely activities, community facilities, and shopping now that they are retired.

    You also want to make sure that the money that you are investing in the condo will secure your investment. Does the condo complex have a pool, gym, or any other added spaces? A smaller condo has many advantages and offer these type of amenities, but any condo that offers the extras come with a higher price, so think about if these added features are worth the extra money for the condo?

    Purchasing a luxury condo after retirement is a big decision. Here are more questions that you should consider:

  • Are there maintenance fees with the condo and how are the fees be expected to be paid?
  • Are non-slip surfaces supplied in the condos? If so, where are they located?
  • Can walkers be easily used at the condo?
  • Are the cupboards easy to get into?
  • What type of lighting is supplied?
  • Is the bathroom designed for older people and can older people get into the tub or shower easily?
  • Can a wheelchair be used in the bathroom?
  • Does the condo come with modern technology features such as remote control drape opening and closing, remote control lighting, and full-time security?
  • Does the condo community have a dining room and an activity room? If so, can these rooms be rented?
  • Do you provide enough storage?
  • Are pets allowed at the condo and are there certain rules for pets?
  • Is there any way I can see the design and developers other properties? Am I able to talk to any of the residents that live in the condo community?
  • If I have to use a wheelchair later in life will I have access to all the luxury ameneties.
Try and Buy property program

Try and Buy Property Programs in Mexico’s Riviera Nayarit

If it is your dream to own real estate in Riviera Nayarit or Puerto Vallarta, Mexico, you might wish to take part in one of the various try and buy property programs offered by Mexico’s real estate industry. Try and buy property programs can aid you in making that crucial decision as you can make a personal inspection of the properties you are considering to buy at subsidized prices.

Villa La Estancia’s Try and Buy Real Estate Program in Mexico’s Riviera Nayarit

Villa La Estancia Residences in Riviera Nayarit, Mexico has its own great value try and buy program called the Real Estate Discovery Program, where prospective buyers can stay in any of its grand residences to get a feel of what life at the resort is really like. There’s no commitment to buy, just the pleasure of enjoying the residences first hand. With its state of the art facilities, a stunning background and amenities that spell luxury, there’s no doubt that this property is one of a kind.

Who is Suited for the Try and Buy Program at Villa La Estancia Riviera Nayarit?

Anyone with a genuine interest in purchasing a property at Villa La Estancia either for fractional and full time ownership is welcome to apply for this Try and Buy Property Program. There are a number of qualifying factors such as age and yearly income, as you will see in the list below: “Rules for eligibility”

What the Try and Buy Scheme Includes:

The Try and Buy scheme offers 4 nights accommodation at Villa La Estancia Riviera Nayarit. You can get discounted rates with the price varying according to the season and the availability of the proper. First come, first serve policy is observed. Choose between a two or three bedroom villa, or an oceanfront villa that offers a great view of the majestic Pacific Ocean.

Rules for Eligibility

  • A participants must be 30 years of age or older
  • Fully employed or retired with a minimum household income of US $100,000 annually.
  • Does not include the cost of transportation
  • A presentation and tour of the property must be attended by the participant (failure to attend the discovery presentation would mean a charge to your credit card amounting to US $250 per night during your stay).
  • Participant must fill out all sections of the request form.
  • Reservations accepted only 45 days prior to arrival.
  • Advance payment by credit card to reserve the Try and Buy package.
Puerto Vallarta is one of the Best Places to Retire in the World

Why Puerto Vallarta is one of the Best Places to Retire in the World

It’s official that Puerto Vallarta has been recognized as one of the best places to retire in the world! This announcement comes on the back of a press release issued by the prestigious Puerto Vallarta Tourism Trust (Fideicomiso De Turismo de Puerto Vallarta) as attested by the studies made by the Annual Retirement Abroad Index. It was broadcasted by the website Live and Invest Overseas, confirming the Puerto Vallarta comes second only to the Algarve in Portugal for the best places to retire in the world.

The Telling factors that Affect Retirement Choices

There are many factors to be considered in finding out the best places for retirement abroad. One crucial basis is the general quality of life where living under the $2,000 a month is possible for couples in the top seven standing of great places to retire. Other factors include infrastructure, safety, climate, taxes and hospital services.

Mexico Can Top for Best Places to Retire in the World

Mexico is credited with not just one place recommended for retirees. Aside from Puerto Vallarta, Live and Invest Overseas website also included places such as Guanajuato and San Miguel de Allende among the best places to retire in the world. Some countries who also hold a formidable spot in the famed list are Argentina, Spain, Nicaragua, Colombia and Belize.

The Reasons why Puerto Vallarta has been named as one of the Best Places to Retire in the world?

Safety

Safety is the primary consideration why Puerto Vallarta is among the best places to retire. It was given a Grade A classification, mentioning police officers in the area are known to speak at least two languages including the international language of English.

Cost of Living

Cost of living is great as well, with a monthly average cost of $1,700 to $2,000 for a retired couple.

Great Real Estate

A range of excellent real estate opportunities at affordable prices. The destination also holds its equity value.

Suitable Climate

Most people looking for the best places to retire in the world are seeking somewhere to escape the harsh winters. Puerto Vallarta’s sunny weather year round is a pull for many retirees.

Great Tourist Infrastructure

Puerto Vallarta has a lot to offer visitors, including cleanliness, entertainment, good public transport and cheap taxis. Private healthcare is of a high quality and affordable.

Accessibility

Being close to an airport was also given much weight in the selection of the best places to retire in the world. Puerto Vallarta’s airport is very convenient, locate on the outskirts of the city and less than a 30 minute drive to any of the major hotspots.

Villa la Estancia residences penthouse - retirement in riviera nayarit

Fractional Real Estate and Retirement in Riviera Nayarit

When you retire you’re faced, quite suddenly, with the capability to change your life entirely, should you wish to. Popular psychology notes that, especially for people coming from high-powered or challenging careers, it is important to look for new horizons and challenges to keep us stimulated during retirement. This could be why there has been such widespread shifting to fractional ownership of second homes in different parts of the world by American and Canadian retirees.

Mexico, and in particular the Riviera Nayarit, has become an increasingly popular destination for retirement due to a high population of ex-pats, an excellent selection of real estate options and great infrastructure, as well as cheap, frequent and direct flights to and from the USA and Canada.

What you should know about fractional real estate and retirement in Riviera Nayarit?

You’re probably wondering what makes fractional ownership different from normal real estate, and timeshare ownership or vacation club membership? Well, among other things, fractional ownership is a very real investment due to the fact that your purchase is deeded and, as such, you own a fraction of any equity accrued by the property. Secondly you have all the benefits of owning a second home with fewer of the responsibilities or stresses that might come with full ownership real estate.

Retirement in Riviera Nayarit, Mexico

The Riviera Nayarit in Mexico is an excellent location for retirement and to fractionally purchase a second home for quite a few reasons. The first reason to retire in Riviera Nayarit is undoubtedly the quality of the properties and real estate that can be found. Most of the properties which offer fractional purchases are found within high quality, gated communities where the condition and security of the area (and properties) is a key focus. In fact some of them have access to the facilities of adjoining hotels so you can feel like a guest as well as having the authority of an owner.

Secondly, the outstanding natural beauty of Riviera Nayarit, Puerto Vallarta, Bucerias and Punta Mita is a big draw for many people. The entire coastline from Puerto Vallarta to Punta Mita is considered one of the best in Mexico and boasts some of the most stunning and pristine beaches to be found anywhere. If you’re staying in the area of Banderas Bay, for example, you’ll have stunning views of the Bay, the Ocean and the Sierra Madre mountains as well as all the benefits of living in a hot tourist destination.

Fractional Real Estate in Mexico

Perhaps one of the biggest benefits of owning a fractional retirement home is that you’ll get longer in your property than you would in a timeshare. The most common fractions range from one month to 12 weeks, which means that you spend more time on the beach and less time in the air, or airports. What’s more you should be able to upgrade your ownership at any time, if you purchased with a reputable company. This means that if you find yourself falling in love with the Riviera Nayarit you could make it your permanent home without too much trouble or hassle.

Fractional ownership in the Riviera Nayarit could be one of the smartest investments you ever make!