Buying to Rent in Puerto Vallarta

Buying a vacation home in Puerto Vallarta is an achievable dream for many people thanks to a hot vacation rental market in our destination. Making your home or condo available for rent when not in personal use is a terrific way to defer costs and maximize the return on your Puerto Vallarta real estate investment. But if you are looking for a second home with great rental potential, what should you be looking for? We have a few tips.
Pricing and Costs – You likely already have a number in mind, but you may not be clear about the specific costs involved when buying a property in Mexico, such as the cost to set up and maintain a fideicomiso (bank trust), closing costs, taxes, etc. A local, professional real estate agent can assist you with calculating these costs and finding a reputable mortgage broker in Mexico that specializes in lending to foreigner buyers if that is required.
Location – Renters look for walkability and/or convenience when booking a vacation rental. Choosing a property with easy access to attractive features (the beach, nightlife and entertainment, a golf course, etc.) will help make your property attractive on the market.
Resort-style amenities – Those fabulous amenities that you enjoy while using your Puerto Vallarta vacation home also make it very attractive on the rental market. Rooftop lounges, a beautiful pool, on-site restaurant, gym or WIFI in public areas are all the types of resort-style amenities that make a property stand out to potential renters.
Tropicasa Realty is there to assist you throughout the process of purchasing a vacation home in Puerto Vallarta and beyond. Our agents can also help you with finding a professional property management company to protect your investment while maximizing your return. Talk to your Tropicasa agent today for more information.
Click here for more Puerto Vallarta real estate tips from Tropicasa Realty.

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