Who wouldn’t want to own a home in Los Cabos? We all have different requirements and expectations when buying a home. It’s a given that we all want a good return on our real estate investment, but that can take two different forms, depending on what our clients are looking for. During this Cabo real estate boom, we are seeing two trends in why people make purchases.
TWO TYPES OF CABO REAL ESTATE BUYERS IN 2021.
1. BUY CABO REAL ESTATE TO RENT
With Cabo being the safest destination in the world to visit, (FORBES MAGAZINE ARTICLE CLICK HERE to read more) Cabo vacationing is bouncing back admirably after the pandemic. With vaccines now being distributed, we will soon be back to “normal”, with more than 4 million vaccinated visitors soaking in the sun in Cabo.
These vacationers all need somewhere to stay so why not turn your Cabo property into a moneymaker? The following is a general guide to what you can receive as a nightly rate for your home. Keep in mind, when Cabo is booming and you have about 6 months of solid reviews on, for example, Airbnb, Vrbo, or Brokers, your property can be occupied for about 20 nights each month.
Home Value $400,000 = Nightly Rental Rate $150
Home Value $1,000,000 = Nightly Rental Rate $500
Home Value $3,000,000 = Nightly Rental Rate $2,000
The big picture is this: your Cabo real estate investment is a potential moneymaker on not only the yearly value of your home but also as a rental asset. Of course, you can also use the home when you are not renting it out and enjoy the fun, luxurious lifestyle Cabo offers.
Cabo Real Estate
2. BUY CABO REAL ESTATE TO LIVE
The New Normal! WORK FROM HOME! ANYWHERE!
Do you want to improve your lifestyle and mental wellbeing? If so, buy in Los Cabos. Yes, Cabo is booming and with good reason. Yes, the return on investment in Cabo is strong. We are seeing returns of 8% to 100%, depending on the location and when clients bought their real estate, but that is not the only reason. For many people, the main motivation to live in Cabo is the lifestyle. No traffic, amazing adventures, relaxation, friendly people, unique culture, stunning landscapes, striking art, the dollar to peso exchange rate; they all add up to a pretty amazing life.
So, now you know…
Financial investment in Cabo is lucrative and the lifestyle is out of this world.
What’s stopping you? Go ahead and contact us.