5 Things to Do Before Investing in a Development

The Riviera Maya offers amazing options for business. There are condominium developments from  top to bottom and many more in their way.  Take a look at these 5 things to do before investing.

Gather information

Trust should be earned. A little research is always good before handing your first payment. Take in count the years of experience of the developer, other projects, their success and referrals are always handy. Their good reputation is the first box you should check on your list.

Business Model

This includes administration, policies, standards and a long-term plan. Here you will be able to foresee and give you an ample idea of your investment choice.

Return Of Investment (ROI)

This is the amount of time required to get your money back. Ask about the developers’ marketing plans. There is other data that will help you make a better decision. We’re talking about the included amenities, the occupancy rates and the surroundings of the development. Is it located in a resort? What other places of interest are located around it? Associated brands also play an important part of the game. Revise what extra expenses come with your investment.

Management

Make sure whoever is doing the administration and management of the units is reliable, professional and accessible. There shouldn’t be any surprises here!

Homeowners Association

Don’t forget to read the rules and policies of the development and be informed on the fees and taxes you’ll be paying and how frequently. Are there any restrictions to the renters? Can they easily reach the place? Do they need a card or id?

These are just some important considerations, but if you have further questions feel free to contact us and let us help you. Our more than 20 years of experience in real estate and property management speak for us.

Contact Teresa Gutierrez: info@caribbeanrealtypuertoaventuras.com .

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