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.
properties in mexico

Investments: Property in Mexico

Whether you would like to buy an apartment, a house, a condo or a residence at a resort in Mexico, you can expect that the price for the property in Mexico will give you more of an investment than if you were purchasing it in Europe or the United States. In the last few years the property prices in Mexico have risen and are continuing to rise, making now a great time to buy property in Mexico.

Why buy property in Mexico?

There are many benefits to purchasing property in Mexico, which include lower taxes and utilities, not to mention that maintaining the property is cheaper, and building costs are lower. We know there are plenty of ‘horror stories’ that you might have heard about buying property in Mexico, but the majority of the property that is purchased in Mexico generally goes through quite smoothly.

Your reasons for considering property in Mexico will depend on your circumstances and your personal reasons. If you have been living here in Mexico and renting, then this is an excellent reason to purchase property here, because renting property is a waste of money. If you would like to invest in property that will generate added income for you, then Mexico is an excellent way to do that. If you vacation in Mexico often, then having your very own vacation home will save you money in the long run. Choosing Mexico as a place to retire is also a great option and there are many people considering buying property in Mexico for that reason.

One benefit of buying property in Mexico is that the value always goes up in no time at all as they do in any country, especially prices of property in busy and popular cities or beachfront property like Puerto Vallarta, Cabo San Lucas, Cancun, San Miguel de Allende, Lake Chapala and so on. One thing to consider when purchasing property in Mexico is the location, easy access to the property, and the benefits that the property will provide.

Location, Location, Location

When you are looking for property to buy in Mexico, then you should look at the location where the property is located. Some areas in Mexico are still very underdeveloped, meaning low prices to take advantage of. In these areas the property will be reasonable in price, and if a new road is planned to be built near the property or a shopping mall etc then this is a great opportunity for a property investment. With nearly 2 million square kilometers to choose from, there are plenty of opportunities for such kinds of investments in Mexico. All you need is a little patience.

One thing that you should do if you are considering purchasing property in Mexico is to first and foremost is do some research on the property and the location. You may want to consider hiring a professional lawyer or real estate agent too, because the laws in Mexico are a little tricky and have to be followed thoroughly. There have been literally thousands of properties purchased by foreigners in Mexico, and if you do the homework, then you too can own your very own property in Mexico!