Q&A: HOW MUCH IS A CABO VACATION HOME?




Q: What are the true costs of own-ing a vacation home in Los Cabos and maintaining the property?

A: This is a very common and good question for those of our clients con- sidering purchasing a vacation home in Cabo. The monthly and annual costs can vary on HOA/Maintenance fees, or CFE Zone (Local Electric) and services at your property specifically.

However, what we like to suggest to our buyers is to get into a rental pro- gram so that your new vacation home actually provides a source of income. The rental market is strong in Southern Baja and has been for some time. Join- ing a rental program and management service can help in a variety of ways. You can rent on a daily/weekly/monthly basis to qualified renters and turn your home into an investment property, not just a vacation property. This also as- sures that the property will always be looked after, kept in good condition, and managed properly, which will save you money on deferred maintenance in the long run.

However, what we like to suggest to our buyers is to get into a rental pro- gram so that your new vacation home actually provides a source of income. The rental market is strong in Southern Baja and has been for some time. Join- ing a rental program and management service can help in a variety of ways. You can rent on a daily/weekly/monthly basis to qualified renters and turn your home into an investment property, not just a vacation property. This also as- sures that the property will always be looked after, kept in good condition, and managed properly, which will save you money on deferred maintenance in the long run.

Another great part about own- ing a vacation home in Mexico is that property taxes are considerably lower than in the States. Of course, this is always subject to changing laws and can depend on the property, area of Los Cabos, and development, but on average, property taxes are less than in the States.

With affordable annual costs and the option of renting your home, I think its a great time to invest in Los Cabos, for now and the future. We are seeing great opportunities for buyers to continue to capitalize on great deals and new inventory to the market. And most important to remember, when you purchase real estate in Cabo, you are buying a quality of life we are in- credibly lucky to live.



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We offer the highest level of expertise, service, and integrity. REmexico Real Estate is Baja Sur’s premier brokerage for the Los Cabos and Loreto areas and will promptly answer any of your inquires and/or questions. We look forward to serving you. Your real estate inquiries are important to us, so please expect a prompt reply.

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