Don’t fall in love with the wrong home in the Los Cabos Real Estate Market, Baja California Sur, Mexico.
It’s easy to fall in love with the wrong person without giving yourself the time to know them better. Imagine doing so but with an expensive, hard-to-maintain beachfront home, throwing out your hard-earned money just because you gave the sale (or presale) tag a cursory glance, eyeballed future expenses, and all that terrible stuff.
Not a pretty picture for yourself and your wallet, isn’t it? So let’s not go crazy and dive into the first oceanfront home property that comes our way. Cabo San Lucas and the general BCS location have more than enough of those in its ever-growing market, and while demand is at an all-time high, it’s still best to watch your step.
Hence, today we’ll be going over the four steps to avoid picking the wrong dream home at Cabo San Lucas, BCS, Mexico.
Always Hire a Professional Real Estate Agen When Looking for your New Dream Home at BCS, Los Cabos
Much like with any other process of elimination, picking and buying the right, quality home in Baja, Mexico, is key to avoiding the wrong one and all that implies. The same approach applies to whether the home is located in Cabo San Lucas, San Jose del Cabo, Todos Santos, or La Paz. However, having a second opinion goes a long way, especially for an expert in the field, such as an experienced real estate agent. So, hire one (or a team if possible)!
The real estate professionals of Baja know the property and development market like the back of their hands, its terms and conditions, its ongoing and up-and-coming quality developments, and, most importantly, the best deals. Eliminating options based on their customer’s preferences, benefits, situations, and economic output is essential every day.
Of course, leaving all the work to the pros won’t do; they still need a framework to work on and key data to funnel through the wide variety of luxury, quality dream homes available at the Baja beach market. That is why dialogue and specifics go a long way.
Be clear about your wants, needs, and resources, and your investment will be the right one.
Focus on Compromise when Looking for your New Dream House. Know your Price Range
When looking for quality condition homes at the Cabo real estate market, it’s easy to get lost in the places, the beachfront backdrops, and the sheer amount of luxury properties on offer. However, when you’ve got friends talking about recent acquisitions, you should never forget your budget, especially when everything looks promising.
When making your ideal Baja California Sur house wish list, the first thing you should do is trim down the items outside of your budget range while also cutting off those that do not fit your minimum requirements as a property owner. Odds are you’ll still end up with many options, but only those fit for you, a net benefit.
Use your Lifestyle as a Metric when Choosing a New, Dream House in the Baja, Mexico
- Are you single?
- A beach, heavy-tan enjoyer?
- Do you plan to retire with your special someone?
- Are you looking to buy a property fit for a family?
- Can you afford high-end luxury living?
These should be the key questions you ask yourself when starting the necessary elimination process of housing prospects. An ideal abode is one ideal for your lifestyle, a true benefit rather than a chore.
How often do we think about a particular part of our house that we don’t use and constantly lament that it piles on maintenance costs? Be it an enormous living room with little to no guests or an office room that doesn’t do much anymore with the advent of the home office? More than we should, most likely. So why repeat that problem with a brand-new beachfront home?
Write down your key living spaces, what you need, what you will not, etc. If you’re single, you’ll find yourself with many quality condition properties but leaning more on the compact side of things. If you have a family with young children, you’re more than likely to look at a residential Baja California Sur location near local schools.
Additionally, consider your lifestyle with the available activities and surrounding location. Are you more of a partygoer or perhaps more of a laidback beachfront enjoyer?
A residential location boasts amenities/benefits and proximity to the Baja California Sur’s nightlife spots. In contrast, others are admittedly more secluded and exclusive an investment, think La Paz and Todos Santos (and to a lesser extent San Jose del Cabo) compared to that Los Cabos.
Lastly, consider your work environment; having a peaceful space meant for your crunch time does wonders to ease the load. After all, if you’re looking to buy at a place known for its relaxing, high-end lifestyle, why not use it in every way possible?
Having the ideal size and lifestyle requirements of your upcoming property will further funnel through your wish list, yielding key results that might as well fit as like a tailor-made suit; or a summer hat, if you will.
Consider Future Investments when Purchasing Baja California Sur Homes and Developments in Need of Work
Sometimes, buying a property or development up-front isn’t possible right off the bat. Maybe you need to get yourself a mortgage loan, or perhaps you agree to split payments. Of course, those are obvious, but there’s another method to consider when making your money go a long way: house reparations. Yes, you read that right.
Imagine buying a lovely beachfront abode for sale (or presale, if you will) near one of Los Cabo’s beaches, say Cerritos, Pescadero, El Medano, etc. Or maybe you could say San Jose del Cabo, Todos Santos, La Paz, or whatever strikes your fancy; we’re talking hypotheticals here.
Pont is, it fits your needs, your lifestyle, everything. At first glance. The place is quite old, which implies an added cost down the line, which may increase its reasonable price tag to something not entirely out of your range, but not a steal either. A property like this would mean quite a bit of work and financial investment to make it fit your aesthetic preferences.
The usual course of action would be to disregard these daunting future costs and look elsewhere in the vast oceanfront market of the Baja. Right? Well, not quite.
Property reparation grants you the benefit of almost construction levels of customization. You have a big canvas with a solid foundation and a likely oceanfront, surf-friendly backdrop, courtesy of the Sea of Cortez. You don’t have to worry about building periods or waiting time; it’s all there for the taking, on sale (or presale). You only need to agree with the compromise (something you’ve already been doing by trimming down options).
After buying, you’ll still have a perfectly usable property in one of, if not the most coveted beach real estate location in Mexico. You’ll only need a fraction of the cost required to bring your personalized vision to life compared to doing something from scratch. While it may up the price tag, you may still find it a less hefty expense compared to the utmost luxury condition properties in the location.
Finding the Right Baja California Sur Property is a Process of Elimination and Compromise
With all that said and done, you should have more than enough minimum requirements to funnel and gather a hearty list of sale slash presale prospects when looking for your upcoming high-end oceanfront property in Baja California Sur, Mexico.
You might not end up living in the pristine, multi-million dollar abode, residential, or even a condo, but you will still find your slice of the high-end Baja lifestyle.
