The Benefits of Buying Real Estate in Cabo San Lucas
Are you interested in buying real estate in Cabo San Lucas, San Jose del Cabo or the surrounding areas of Los Cabos?
There are a plethora of reasons why you would purchase real estate in Cabo San Lucas. Vacationing with your family or friends in a Cabo real estate villa. Full or part-time living in a Cabo home. Or even retiring in Baja California Sur. Significant investment opportunities are available within real estate in Cabo San Lucas in short and long-term rental markets.
Some decide to purchase their piece of paradise here within the Cabo real estate market because they are seeking a high ROI on their money. Even if you only spend time in Mexico once a year, your real estate in Cabo San Lucas could earn income for you for years to come as a managed luxury vacation rental, and defray the cost of ownership to boot!
Here we discuss why the Los Cabos real estate market is, for many, the best choice to spend your investment dollars.
Los Cabos Real Estate is Usually Less Expensive
Oceanside real estate in Cabo San Lucas is actually far less of an investment compared to acquiring one in the coastal areas of United States; often found at a fraction of the cost of comparable seaside homes there.
But the other costs associated with owning Cabo real estate are also comparatively small, across the board. For example, “Predial” is the Mexican equivalent of United States’ property taxes.
On average, this fee is 0.1% of the assessed value of the Real Estate Los Cabos at the time of the sale. Compared to an average 1.15% effective tax rate in the United States—with states like New Jersey as high as 2.31%—it’s less expensive to buy real estate in Cabo San Lucas even on an ongoing basis.
The same goes for paradise living expenses. A lifestyle that costs more than $8,000+ a month in San Diego might cost less than $3,000 a month with Cabo real estate. This low cost makes it easy to live a leisurely life, in one of the planet’s most coveted locations!
Real Estate Los Cabos
Whether you desire a pied-a-terre that you can drop by a few times a year or an expansive luxury Cabo real estate home that will accommodate family, guests and all the lavish festivities you could imagine, real estate Los Cabos is accessible whether you’re on a budget or not! Granted, oceanfront properties can be costly even here, but Oceanside or mountainside Cabo real estate, condos and resort residences span a broad range of price points.
The truth is, when perusing the Cabo real estate market, there’s something for everyone price wise. It is possible to acquire the ‘room with a view’ type of Los Cabos real estate in the low hundreds of thousands of USD. And at the other end of the spectrum, as Matthew McConaghy so aptly put it in ‘How To Lose A Guy In 10 Days’, you can go out there and ‘Frost Yourself’ with a killer piece of Cabo real estate for a multi-million dollar price tag.
Luxury Lifestyle That Pays You Back With Cabo Real Estate
The “Cabo lifestyle” is one that people most everywhere aspire to have, so the value of owning here stays high. Many owners rent their Cabo real estate as vacation properties while not in residence, and during “the season” (roughly mid-winter through early June), it can be difficult to find vacancies.
Cabo real estate rentals range from reasonable for more modest-yet-luxurious Cabo homes, to “near-stratospheric” for the many incredible oceanfront and mountain top mansions throughout Los Cabos. In any case, people get a taste of the good life our paradise provides, and want more of it… another way Cabo real estate retains value!
Cabo Weather Is Free
One thing that perhaps full-time Cabo locals take for granted is our all-year-round almost perfect weather conditions. It’s not uncommon for people to buy Cabo real estate solely due to the spectacular climate here.
Aside from potentially rainy Septembers, Cabo San Lucas maintains an ideal climate for a sunshine lifestyle.
International Acquisition Right At Your Doorstep
Assuming you are reading this from somewhere in the United States or Canada, then you can understand that Cabo real estate buyers deeply appreciate the close proximity that Cabo is to the US and Canada.
Undoubtedly, buyers of second properties or retirement homes look for an international destination for their purchase. People want to feel like they truly get away from their day-to-day life. To be able to buy your dream home in Cabo San Lucas is icing on the cake, as for many it can be as quick as a 2-hour flight for their to reach their Cabo real estate villa.
Nowadays, hundreds of direct flights arrive weekly from the US and Canada. This makes Cabo an extremely desirable location to purchase a second home within the Cabo San Lucas real estate market.
Looking for real estate representation regarding either buying or selling a Los Cabos property? Please reach out to our team of 2 Seas Los Cabos agents at:
Tel: +52 624-105-2547
Tel: +1 520-204-5450