Tips to Analyzing a Retirement Opportunity
 Michael Green - TOPMexicoRealEstate.com
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June 09, 2010
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Experts are advising baby-boomers who still haven’t gotten around to building up a decent retirement nest egg that the last decade of working years is still enough to do so. While many are advising to start regular contributions to a registered retirement savings plan, such as a 401(k) plan; while these tips are certainly sound advice, a possibility which will help just as much, but perhaps be a little more enjoyable for retirees, is to invest in a Puerto Vallarta condo or home, planning to spend the most relaxing years in a beachfront Mexico retirement community.
While many consider retirement in Mexico a luxury – which it most certainly is in terms of lifestyle – it does not require luxury funds. In fact, baby-boomers can buy a property in Puerto Vallarta for their retirement, and enjoy an income through the property, covering expenses, or even adding additional savings for the big day.
Puerto Vallarta luxury condos are available in many shapes, sizes, locations and styles, and many units providing a luxury lifestyle can be found for much less then you might imagine. Retirees may consider a variety of excellent locations, either providing proximity to the classic old town and famous Malecon area, or near a golf course development in a community such as Nuevo Vallarta. In most options, rental for vacation purposes, or even long term rental (depending on if the buyer intends to make use of it before retirement or not, and the location of the property) can provide varying degrees of income. Real estate experts will be able to help a buyer forecast possible income levels, and integrate this into their pre-retirement budget.
Homes also provide excellent opportunities, with the added option of buying a fixer-upper for a lower cost, converting it into a tropical dream home. Puerto Vallarta land on a hillside community just in the process of being discovered by expats can still be found for very good prices, providing a similar opportunity, where a retiree can build a home of their own design, either ready for retirement, or completed earlier to enjoy for vacations and provide an income.
In either case, this kind of purchase provides an excellent supplement for a those just starting into a savings plan, with the added advantage that the soon-to-be retirees may be enjoying a property in one of Mexico’s favorite beachfront communities while they wait for retirement to begin, or, at the very least, they will have the pleasure of knowing that when the day comes, they will have this condo or home waiting for them.
Michael Green, an expert on Mexican real estate contract law, is active in national and state realty boards. Green’s excellent service record both in Puerto Vallarta and the U.S, combined with an old-fashioned work ethic and an intimate knowledge of Puerto Vallarta’s luxury market, make him the ideal person to consult for real estate transactions. You can contact him at (512) 879-6546. TOPMexicoRealEstate.com |
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