Do you love Mexico and dream of owning a second home in a tropical paradise? For many expats, Riviera Nayarit real estate is their first choice when it comes to buying in Mexico. Specifically, Villa La Estancia is a top choice for savvy homebuyers in the know. The beachfront residences are luxurious and are part of a hotel-condo concept property. As a result, homeowners get access to world class amenities and VIP services. That way, every day at your second home in Mexico feels like a vacation. While many people have felt “cooped up” during the coronavirus quarantine, many expats are dreaming about buying property in Mexico. Are you wondering if this is a good time to buy? If so, read more about why now is the time to invest in Riviera Nayarit real estate.
Riviera Nayarit Real Estate – Time to Buy?
Buying property in Mexico is different from buying real estate in the United States or Canada. For example, the vast majority of properties for sale in Mexico here do not carry mortgages. Some select properties such as Villa La Estancia offer in-house financing for qualified buyers. Financing in Mexico is a huge bonus if you cannot fork over cash to buy your vacation home. On the positive side, homeowner fees, utilities and property taxes cost significantly less in Mexico than in the US and Canada. Having a second home in Mexico means you can enjoy cherished moments with your loved ones in a pleasant climate with a reasonable cost of living, too. Plus, there are many excellent hospitals and affordable health insurance is available for expats.
Vacation Rental Income
In addition, since Riviera Nayarit is a top tourist destination, many homeowners are able to rent their properties as vacation rentals when they are not in use. The added rental income helps make your dream of purchasing a second home in Mexico even more accessible. At Villa La Estancia in Riviera Nayarit, the own site staff members are available 24 hours a day. They can even assist homeowners in renting out their beachfront residence if they so desire. Plus, the professional house cleaning staff, concierge and landscaping crew ensure that the property is always in tip top condition. Who wants to spend all their down time tending to repairs or upkeep? Instead, as a Villa La Estancia homeowner, you can relax and let everything be taken care of for you.
Dream Second Home in Mexico
2020 has been quite a year for everyone. While real estate purchases have slowed somewhat during the last 3 months due to the COVID-19 crisis, investors are still searching for and buying property in Mexico. Riviera Nayarit is ideally located just 30 minutes north of tourist hot spot Puerto Vallarta, Jalisco. A quick drive into Puerto Vallarta gives Riviera Nayarit real estate homeowners access to amazing restaurants, upscale shopping, outdoor activities, eclectic art galleries and so much more. Plus, there are several cute communities within the state of Riviera Nayarit that offer residents a scaled down version of the PV scene. Nuevo Vallarta, Bucerias, La Cruz, Sayulita and Punta Mita are all incredible beachfront communities that both residents and visitors love to explore.
Mexican Real Estate Buyers: What to Know
Many people may think that real estate steals may be available right now due the COVID-19 pandemic. However, properties in Riviera Nayarit and nearby Puerto Vallarta are still selling fast. Potential homebuyers that are hoping to submit lowball offers on properties for sale will be disappointed. On the contrary, the value that people are placing on owning a second home in Mexico has only increased over the last few months. While the thought of purchasing a property in another country can be a daunting task, if you choose a reputable property you can make a stress-free investment. The Mexican real estate market will not stop, especially in the stunning Banderas Bay region which includes Nuevo Vallarta and Puerto Vallarta. With a multitude of natural beauty and an excellent year round climate, prospective homeowners will continue to buy in the area. While the pandemic has caused worldwide disruption, the Banderas Bay real estate market is expected to continue to thrive.
Are you looking to purchase a second home in Mexico? If so, your dream home could be at Villa La Estancia in the upscale Nuevo Vallarta neighborhood. A tranquil and peaceful community, the hotel-condo concept property is located on one of Banderas Bay’s most beautiful beaches. Likewise, outdoor sports enthusiasts and nature lovers will never tire of the endless activities to enjoy in the region. Plus, Mexico’s culture, cuisine and rich heritage are very attractive to expats who want to live life to the fullest. Buyers and sellers should keep in mind that the Banderas Bay real estate market is strong, stable and is not going away. If you are ready to buy your dream home, contact Villa La Estancia today to schedule a property tour. Ask about their Try and Buy program which allows prospective owners to test out the expat lifestyle before they fully invest.