Is Tulum a Good Property Investment?
So you’ve fallen in love with the idea of owning a vacation home in Tulum, Mexico?
Because Non-Mexicans and foreigners can purchase properties with ease, buying a house in paradise is a fantastic investment!
Tulum is the fastest-growing beach town in the world. Offering exceptional opportunities that can profit quickly.
Before I tell you everything you want to know, it’s important to ask the right questions from your home developer to encourage them to never take shortcuts while building.
It’s been recorded that only 20% of Tulum’s sewage is being treated properly.
In order to stop this unsustainable building method... Homebuyers and tourists must ask these questions when renting, buying, and investing.
Is a private septic tank or treatment plant attached to this development?
Where is this property’s sewage going?
Where is the toilet water being treated?
To demand better practices be put into action, this is essential to preserving Tulum’s environmental reserve.
Without Tulum’s crystal blue beaches, thriving marine life, and gorgeous jungle-green views. It won’t be the hot-spot to vacation-seekers that it is today.
The easiest way to get a fantastic return on your investment quickly is through “off-the-market pre-sales” which aren’t listed online, only available through a knowledgeable realtor.
I learned so much valuable information about Tulum’s marketplace, including where it’s headed, during three realty tours I participated in while looking for my Tulum property.
Here are the 5 steps every foreigner needs to know when investing in Tulum.
Decide if this will be an investment property or for personal use
The first thing you need to consider is if you are buying for your own personal use or for investment?
Have the best of both worlds. Meaning you can use your vacation home and rent your property to help cover some of the costs.
The average ROI in Tulum can be a staggering 7-35%
Depending on the location, amenities, exclusiveness, and home builder’s design. Tulum’s is latin America’s fastest growing realty market.
Secluded home in Tulum may be what you want for you and your family.
If you are buying for investment purposes then vacation renters, vacationers might be looking for a place with amenities near local sights or attractions.
2. Research Tulum’s areas and soon-to-be hot spots
Decide on the area or neighborhood where you want your vacation home to be.
Consider areas that are accessible or secure. And using a realtor to bring insight on where the next happening place to invest in is.
If you are buying a house in Tulum, it’s easier when you have local knowledge. That’s where I can help.
Join our private Real Estate chat to learn about sustainable property developments currently on the market and upcoming in Tulum.
3. Contact a local resource that you can trust!
It is best to work with a local real estate agent that actually lives in Tulum, and is consistently building connections with professional home developers.
When you talk with them on the phone, ask questions about buying a house in Tulum as a foreigner.
Not all Tulum listings are available online.
Realtors offers incredible opportunities for initial investment listings at presale (off-the-market prices)
4) Schedule a time to see your dream home in Tulum
Organise a realty tour in Tulum where you can discover all properties within your budget and expectations.
Where you can schedule a time to see a collection of developments that interest you.
Check structural integrity and examine all amenities in person.
5) Put in your offer
Outline your budget for purchasing your Tulum home.
Have a lawyer check the title and any legal permissions associated with the property.
Sort and negotiate financing on your vacation rental in Tulum by asking Ana and Georgina for recommendations, see your options for the property you’re interested in.
To learn more about how you can invest with sustainability and rebuttal home developers.
Join our Tulum Real Estate Group