What are hotel condos

What are Hotel-Condos?

Have you ever wondered what hotel-condos are? Here is a great article to help you understand the difference between a condo and a unit at a hotel-condo.

What are hotel-condos?

In the world of real estate, the term “hotel-condos” is new but essential for those desiring to buy a condo at a resort destination. Many people enjoy the concept of having a luxury condo in the world’s top destinations enjoying a low upkeep second home or retirement option. The advent hotel-condos adds yet another option to your real estate opportunities

Hotel-Condos Explained

For starters, let’s define what a hotel-condo is and why it is different from the traditional condo. A hotel-condo, sometimes called a condotel is an apartment or villa that is maintained and ran by a hotel or resort. Each condo unit is a separately-owned property that belongs to the same brand company (like Ritz-Carlton, Westin, or some other condo hotel chain).

Because the condotel belongs to a hotel chain brand, they are marketed and treated very differently than the traditional condo. For example, the hotel will be your management company. So, the hotel is responsible for scheduling your stays or helping you to administer rentals etc. Also, you get the privilege of having resort services for your condo: room service, spa and gym access, and cordial customer service available for help—something you can’t get with the regular condo high-rise.

Other Advantages of hotel-condos over regular condos

Hotel-condos have become popular over these past few years for many reasons. For starters, many people see hotel-condos as a less stressful way to own your own personal second home. Decorating, renting out, and upkeeping your property is often taken care of by the hotel company that manages the hotel chain. So, you are free from having to invest in a lot of expenses that are involved in owning a home.

Although the design of your hotel-condo may resemble your neighbors, at least you don’t have to be concerned about keeping your place cleaned as many hotel-condos provide you will access to cleaning services and full maintenance for a price. You also have the added benefit of the hotel making sure you get a stream of income from renting your place when you are not scheduled to be there, if you opt for the rental program usually offered. Let’s face it, renting a condo at a hotel is going to be far more attractive to renters than a standard condo with few services like restaurants etc.

Hopefully, this insightful information on the differences between a traditional condo and a condo hotel will help you make a wiser decision about which type of condo you need.

baby boomers retiring in mexico

The Truth about Retiring in Mexico

Every since the emergence of the baby boomer, choosing a foreign land in which to retire has become a commonplace practice for those living in Europe, the United States, and Canada. So what makes Mexico a popular foreign spot for North American retirees?

Retiring in Mexico

For starters, retiring in Mexico has a lot of advantages that most countries don’t have when it comes to retirement. So it doesn’t matter which age you plan on retiring; Mexico is sure to have a benefit that will suit your life perfectly. Let’s examine some of the benefits that really make Mexico a hot spot for living out the retiree years of one’s life.

Great Private Medical Care

Mexico has some of the best private medical care available for retirees and tourists who come to Mexico looking for great health care and excellent cosmetic surgery. Some people may have existing health coverage that covers international health care, but others can get private health care plans right here in Mexico at a very competitive price. Even if you find yourself or a loved one needing extra help in order to stay at home, Mexico also provides affordable home care services to meet your needs and prevent you from choosing nursing home care. Your health is possibly your number one concern when retiring in Mexico.

Warm Weather

The climate is one of the biggest appeals of Mexico when it comes to the perfect vacation and retiring in a foreign country. So if a retiree enjoys the tropical life and desires to get away from cold weather, this is the place to be. Many people choose coastal locations like Cancun, Puerto Vallarta, and Cabo San Lucas for their retirement spot, but there are some who prefer the spring type weather of the inland territories over the summer-like weather on the coast like San Miguel de Allende or Ajijic on Lake Chapala. You will be amazed at how vibrant you will feel from living all year long in a warm environment. There is nothing quite like retiring in Mexico.

Retiring in Mexico is More Affordable

You will really get a chance to see how far your money can go when you spend your retirement in Mexico. You will soon find that a lot of the finer things in life are easily affordable in Mexico, and the cost will not deplete your wallet. That means you can find a spectacular home and upgrade it with extras like jacuzzis and housekeeping service if you desire. Because of the remarkable prices for Mexican real estate, retirees may find it a lot easier to maintain ownership of their property in their homeland while owning another home in Mexico.

Make the Most of Life by Retiring in Mexico

A lot of retirees are very comfortable living in Mexico and find it more tolerable to live there than in the US or Canada. This is because the reception of them by the Mexican people is very positive and uplifting. Mexico is well-known for being a very hospitable country, and you are sure to feel the love once you secure a residence inland—especially in one of the hot tourist spots. Retirement is supposed to be a period in your life where you can take a chance to live life to the fullest without the boring responsibilities of your working past. Mexico’s hospitality will allow you to do just that.