When and how you retire is very important; the choice you make will likely determine how the rest of your life plays out, and as such it’s an exhilarating (but daunting) time. Some popular psychologists have said that the key to a happy retirement is to find new challenges and horizons to stimulate your mind, new leisure activities and hobbies to fill your time. This is perhaps why so many American and Canadian retirees are taking advantage of the fractional ownership opportunities available in the Riviera Nayarit, Mexico particularly during the winter months.
What do you need to know about fractional real estate in Riviera Nayarit for retirement?
Fractional real estate in Riviera Nayarit, Mexico is an accessible choice for retirees whether you’re just about to retire, or you’ve been so for a few years. The main benefit is of having all the positives of a second home and none of the stressful responsibilities! Real Estate in Riviera Nayarit in particular has a lot to offer ex-pats.
Riviera Nayarit for Retirement
The quality of available real estate and the solid, reliable infrastructure found in the property market of Riviera Nayarit makes it a perfect place in Mexico to invest in a fractional retirement home for a few reasons. Firstly, many of the properties in Riviera Nayarit that allow fractional ownership are situated within gated communities where security is high and the areas within are well-kept. This mean you don’t have to worry about nightmare neighbours or have safety concerns. In fact there are even some places that offer fractional ownership alongside access to the five star facilities of the connected resort.
If this hasn’t convinced you that the Riviera Nayarit in Mexico is the perfect place for a retirement home then you might want to consider the fact that there are frequent and fairly low cost flights to and from the USA and Canada. Plus this particular stretch of coast, from Puerto Vallarta to Punta Mita, offers some of the most pristine beaches, best views, and the cleanest waters. Outdoorsy people will love it here!
Fractional Property Ownership in Mexico
Very often people are put off fractional ownership because they confuse it with timeshare ownership or vacation club membership, but there are many, very key, differences that make fractional ownership a better option for retirees.
Firstly, and perhaps most importantly, when you buy a fraction of a property (rather than the whole thing) your purchase is deeded. This means that, even though you have fewer responsibilities, you’re entitled to your fraction of any equity accrued by the property. This makes it a legitimate investment. Secondly you get more time in your property; the standard allocations are usually between one month and whole season while some choose to share half a year. This means you spend more time enjoying yourself and less time travelling. Reputable companies will also allow you to upgrade your ownership if you wish which means that, if it suits you, you could end up fully owning your Mexican home.