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!