If you have decided to invest in Playa del Carmen, you will like to know which are the profitable businesses on which you should focus your attention. We refer to businesses in the real estate sector, these will not lose your money. On the contrary, you will have a better return with a passive and planned income.
And to achieve this goal it is important to know where to invest. Currently, tourists prefer to live in apartments to stay in a hotel.
In this blog we tell you what are the steps to follow to acquire an apartment in Playa del Carmen. We explain how the investment purchase process is, to the administration of your future vacation rental property.
The pandemic transformed the way and the time we vacation, due to this phenomenon other areas of our lives also changed, such as the way we work. This is why tourism prefers to arrive at an apartment, and feel it like a home, to a hotel.
And the booming investment model is found in premium residential developments, since they have amenities that cover all needs and increase quality of life.
These are the main points you should take into account when investing in Playa del Carmen:
❖ Location. It not only establishes the value of the property, but also the capital gain. Tourists prefer to rent an apartment closer to the sea but also to shopping centers and other places of interest. A strategic location will guarantee a higher ROI rate.
❖ Amenities. The complexes offer a diverse range of amenities, choosing the ideal involves your tastes and needs, as well as the profile of guests you are interested in hosting. There are very sophisticated amenities like coworking rooms that are very attractive for traveling businessmen.
❖ Seller. How much do you know about the real estate group you are dealing with? We recommend doing a research on the web to find out about their work, other projects, buyers' opinions, etc.
❖ What is your business model? You have already chosen a place that you love, you fully trust the seller, but how are you going to obtain income from vacation rentals? There are 4 options:
- Online platforms
- Managed by a third party
- You enter a vacation rental program
- You make the lease directly with all that this entails.
To legally acquire an apartment in this city, the following steps are necessary:
1. Proposal letter. To formalize your desire to buy an apartment, it is necessary to write a document that we will call "Proposal letter" or "offer letter", here everything related to the price and payment terms is detailed.
2. Pre-payment. At this stage we make a payment corresponding to a certain percentage of the total value of the property to ensure the availability of the unit and thereby guarantee your purchase commitment.
3. Down payment. Here the agreed disbursement is made according to the payment plan you chose; If it is a cash purchase, payment is made for the total amount of the property and the contract is reviewed.
4. Document review. Once the seller accepts your proposal, they will inform you of the necessary documentation to prepare the purchase-sale contract that you can review with your lawyer.
5. Purchase-sell contract. Now both parties make agreements where the duties and obligations of each one are established.
6. House deed. Finally, the necessary documents are gathered for the final property title contract, which is carried out before a notary public.
If you are a foreigner, you must create a trust with a bank in Mexico. For more information, contact one of our advisors.
Finally, how could you manage your department from the city where you are? We tell you the 2 best ways you can earn passive income with vacation rentals.
The trend is found in apps that offer hosting for a short time, by having more visitors in your department you will have more income in less time.
Remember that guests rate you as a host, talk about their experience, the amenities they liked, etc.
If your apartment has 2 or more bedrooms, you can rent each room to increase your profit.
There are very attractive lock off-style apartments for this business model, since their rooms are independent, providing privacy.
If you invest in any of Desur's developments, you will get allies. We have strategic partners that will help you manage your vacation rentals.
By investing in Playa de Carmen you will have the luxury of deciding when to take a getaway to share this paradise with your family and friends, and increase your investment safely.
For details of our developments in Playa del Carmen, contact us. We will solve any doubt you have to achieve a successful investment.