For those of you who love Cabo and are ready to make the big move to life in Mexico, you may be asking yourself, “Should I rent or buy when I move to Los Cabos?”
If this sounds like you, you will soon face other questions as well: “Should I sell everything and just go for it?” “Should I start looking for a new home or condo to buy? “Should I rent out my current home and find a place in Los Cabos to rent for six months or a year?”
You will hear a lot of people say that you should definitely not rush to purchase in Los Cabos, but rent first. Why is this?
One reason many people suggest finding a place to rent as a first step is because there are so many different communities and experiences to choose from.
Renting first can help you zero in on what’s important to you and help you identify the right area to live in. But there also are potential downsides to renting. Emotionally, you may not feel as vested if you are renting, and consequently live like you are half here.
Also, many people who rent their homes or condos do so on a regular basis. And with this kind of rental activity, the property often shows wear and tear.
Maybe you want to move into a place that was yours from the beginning. Some people don’t like being in someone else’s house, even for six months, but we understand the value of “trying it on” before you commit to buying a place.
The point is you have options to consider. The key is deciding what’s best for you and your family.
