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Top 4 Reasons to Invest in a Beachfront Vacation Condo in Placencia Belize

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belize beach condos for sale

Posted: Tuesday, November 24, 2020. 9:47 am CST.

By BBN Staff: Visiting Belize has always been a worthwhile experience for many people around the world. There are numerous options when it comes to accommodation in Belize, including world-class resorts, beach apartments, and villas. Most tourists tend to stay in vacation rentals instead of a hotel, and real estate investors are taking advantage of such a lucrative opportunity. However, it is always good to work with a reliable real estate agency such as Boris Mannsfeld & Associates to assist you in making the right investment decision.

That said, here are some of the reasons why investors should invest in a beachfront vacation condo.

1. Dual-use Property

You will make great memories with your family at the vacation home while also generating rental income throughout the year.

The majority of real estate investors usually purchase beachfront property in warm-weather climates. They then rent out the property during the peak season — the holidays and cold winters. The rental income collected during the peak season usually covers home expenses such as property tax, loan payments, repairs, and insurance for the year. It means that during the off-peak season, you will be residing in the condo free of charge without additional expenses.

2. It’s a favorite for most tourists

When it comes to real estate, the location matters most, especially when acquiring a vacation home. It will help if you look for a destination where numerous travelers want to go, and then buy or build your vacation property. In this case, Boris Mannsfeld & Associates recommends a beachfront vacation condo in Placencia, Belize as a perfect option — it is easy to acquire clients when you need them.

3. The Investment is Less Risky

Investing in vacation rental property is less risky, especially in a major tourist destination such as Placencia. It means that you can easily maintain good occupancy levels. The nightly rates can also be high, and that means your income will be worth the investment.

Vacationers usually rent beachfront condos since they offer a similar experience as a hotel. However, they are better if you consider the onsite facilities and activities a tourist will enjoy while living there. A single home cannot offer such an experience.

4. Real Estate Property Appreciates

If you own a vacation home, it will appreciate with time, which means you will make more money if you wish to sell the property. Vacation rentals such as beachfront condos are in high demand in Belize, which means that the property’s value will increase with time. When you sell your beachfront condo, you can use the profits to finance other investment opportunities or rather use it towards your retirement.

The main reason why you should purchase property in Belize is that the region’s tourism sector is always booming. The country also offers numerous benefits to home-buyers and fewer restrictions. Now, as a tropical destination that offers exotic culture, a good environment, and unique wildlife, you can never go wrong with any real estate investment in Belize. Talk to Boris Mannsfeld & Associates as one of the best property agencies in Placencia, Belize — your investment will not be in vain.

 

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