Real Estate in Ajijic, Lake Chapala, Mexico #2
Real Estate in Ajijic, Lake Chapala, Mexico
Everyone knows that the real estate market in the US and other parts of the world is not at its best at the moment.
However, here in Ajijic although it may not be flourishing, there is still money to be made in real estate.
If you buy a home in Ajijic now you will still get a good return for your dollar and the resale factor is still intact.
What a lot of people are doing is buying a home now and renting it out until they are ready to move here full time. You can expect a rental of approx. 8-12% of the purchase price. A reputable realtor will help you find renters and even manage your property for you for a reasonable monthly fee. People are always looking for a rental in Ajijic as many like to rent before they buy and there never seems to be enough rentals available.
If you are having trouble selling your house up north but still have some money to invest and are afraid of the very unstable stock market buying a home in Ajijic and renting it out could create $1,000.00 – $3,000.00 US dollars a month in rental income. This is most attractive as the stock market is certainly not offering a yield like this at the moment and probably will not be for some time.
There are certain types of houses that are better for rentals than others. Most people are looking for a newer home with 2 bedrooms, 2 baths, possibly a pool and a beautiful view are always in demand.
When you are ready to retire here in Ajijic if this rental home is not quite what you want for yourself you can sell it and buy the home of your dreams having earned a year or two of rental income.