Cabo is Mexico’s most incredible tourist paradise, but it’s also much more than that – it’s quickly becoming one of the nation’s most desirable places to live. Over 200,000 people live in Cabo today, which means that the city’s population has more than doubled over the past half-decade.
If you’re considering purchasing a home in Cabo, you’re not alone; thousands of other people are thinking exactly the same thing, and that’s why cranes and construction sites have been fixtures there for the past several years. People are snapping new properties up as soon as they become available.
Thankfully, there’s still plenty of room to go around. Despite the rapid growth, homes in Cabo remain widely available and surprisingly affordable.
Before you drop everything and contact a Cabo real estate agent, though, it’s wise to have a good idea of what you’re looking for in a new home or investment property. In this article, we’ll provide some suggestions that may help you organize your thoughts while also shedding some light on what makes the Los Cabos real estate market such an attractive one in the first place.
So, what’s high on the priority list for Cabo home buyers in 2021?
Ocean Views and Plenty of Windows
Perhaps the most important aspect of any property in Cabo is its location. Since Cabo is on the ocean, there are plenty of homes available with ocean views. Homes with direct ocean access aren’t quite as easy to come by, though, and those are the types of properties that top everyone’s lists.
One of the most appealing aspects of living in Cabo is the area’s climate. The temperature in Cabo seldom gets far above 90 degrees Fahrenheit during the summer months, and it’s rare to see temperatures below 50 degrees during the winter. The city also enjoys constant gentle ocean breezes, and you’ll want a home designed to take advantage of that. Having plenty of windows on the windward and leeward sides of the home can help to reduce your utility bills. On cooler days, you can allow ocean breezes to pass through the home rather than using the air conditioning system.
Aside from the desire to own a home with a great view, security is easily the next highest priority for home buyers in Cabo. It’s very reassuring to know that you’re living in a community with private security personnel looking out for your safety. For that reason, gated communities are very popular in Cabo. Some land developers are taking the concept of the gated community even further by building massive properties that combine the best aspects of resorts and exclusive residential communities. We’ll discuss that in a bit more detail shortly.
Strong Investment Value of Purchasing a Home
A home is an investment that you might pay for over the course of several decades. Obviously, you want some reassurance that you’re parking your money in something that won’t lose its value. That could be because you’d like to build equity to use as leverage against a future investment, or it could just be a matter of knowing that you’ll enjoy a comfortable and secure retirement.
Land is a finite resource. For that reason, property values seldom go down for long. Oceanfront land, however, is another matter entirely. It’s the most desirable land that exists, and there isn’t nearly enough of it to meet demand. With that in mind – and considering the fact that Cabo’s population increases by thousands of people each year – you can count on a home in Cabo to appreciate in value in the future.
A home in Cabo can also be a great income-generating investment if you don’t intend to live in Cabo full time. The ultimate dream for anyone who purchases a second home is to have someone else pay the home’s mortgage, and that’s an extremely realistic proposition in Cabo. Unlike many other regions in the world, Cabo experiences plenty of tourism throughout the year. You should have no trouble finding someone to rent your Cabo home when you aren’t living in it.
Protection From Overcrowding
One thing to consider when you buy a home in Cabo is what the surrounding area will look like through the years as development of the area continues. That’s one reason why many people are choosing to buy residences within resorts. A resort is essentially a finished community. If you buy an ocean-view condominium within a resort community, you won’t have to worry about someone coming along over the next year or two and putting up a high-rise that spoils your view and lowers the home’s value.
If you’re buying a free-standing house in Cabo, though, protection from overcrowding is something that you should definitely think about. It’s wise to buy a home on a good-sized parcel of land if you can. If you buy a home adjacent to several lots that are also for sale, you should have the expectation that people will buy and build on those lots eventually. When that happens, will you still be happy to live there?
Easy Access to Amenities
Cabo is a big city, and it’s getting bigger each year. When you buy a home there, the location is important. It’s not just a matter of having a great ocean view; it’s also a matter of being close to what matters to you, whether it’s golfing, fishing, sunbathing at the beach or something else. That’s one reason why so many people in Cabo are buying homes on or near resort properties. Many of those properties have direct ocean access, so there’s no need to fight your way through traffic when you want to visit the beach. Many resorts in Cabo are built around golf courses. On a resort, you’re also likely to have easy access to markets and great restaurants.
Another thing to keep in mind as you look for a home in Cabo is that the things that are important to you are also important to potential renters if you’re considering renting the property out. Easy access to amenities makes your home more attractive to tourists and other short-term residents, and that means you’ll be able to charge a higher monthly price.