Investing in an apartment vs. investing in a house: Which one is better for me?
¿Department o house? One of the first questions an investor asks himself when he has decided to invest in a new company is invest in real estate and, most likely, buy to rent. In this blog we introduce you to know which option is the most profitable...
When you decide to buy a property it is important to take several aspects into account, it is always good to know which is the best way to get more "juice" out of your investment.
- DAY November 6, 2021
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The real estate market in Tulum has grown tremendously in recent years, one of the reasons is that being an important point of vacation rental in the Riviera Maya, many developers have decided to bet on the creation of departments in the area, which can not only be developed as permanent housing, but are also essential for vacation periods.
The real estate offer is very diverse, but the trend is towards apartments in condominiums, the area known as La Veleta and the Aldea Zamá subdivision are the main areas of development in Tulum, the latter is a macro development where residential areas with houses and apartments, and an ambitious commercial area are included.
On this occasion, we will compare the advantages and disadvantages of acquiring a house or buy a departmentWe are going to focus on a tourist area that has grown a lot in the last few years, Tulum.
It is worth mentioning that there are two areas in Tulum where a significant real estate investment is being made and it would be worthwhile to consider making your investment in these areas, we are talking about Aldea Zama, a macro subdivision, and La Veleta.
House or apartment?
Advantages of A DEPARTMENT
- Investment less than that of a house
- Easier to rent as vacation rentals
- Faster return on investment
- Higher percentage of occupancy
- Easier to find with better location
Disadvantages of A DEPARTMENT
- Common areas, you share with others
- Smaller space
- Reduced Privacy
Advantages OF A House
- Increased privacy
- You do not share areas with other people
- Ample space
- Possibility of renting the entire property for a higher profit.
Disadvantages OF A House
- Longer time to obtain a return on investment
- Costs more than twice as much as an apartment
- Difficulty in finding opportunities in good locations
- In conclusion, we could say that one is better than the other, but the reality is that the intended use of the property will define what suits you best.
Of course, the value of a house can easily be double that of an apartment, which means it can take longer to recoup the investment.
If you are considering making an investment to obtain a good return, then an apartment is your ideal option.
We can minimize certain disadvantages through certain specific actions. For example, although in most departments common areas should be shared, there are still many options to acquire certain private facilities, such as private terraces, penthouses and terraces, private pool and there are even developments that give you the possibility to have a private roofgarden just for you.
EVERYTHING IS FOCUSED ON YOUR NEEDS
Investing in an apartment ensures higher occupancy because tourists prefer to stay in a better location even if they sacrifice a little space and save a few dollars.
There are those who believe that a house is better because it is bigger, but when it comes to vacationing, most tourists prefer to sacrifice space for a better location, easy transportation and a better price in exchange for the same luxury and services. This does not mean that there is no market for house rentals, but rather that, at least in the case of Tulum, the trend is towards apartments, with a higher percentage of occupancy.
With this we are not saying that there is no market for vacation rentals for homes, yes there is, simply and simply apartment rentals are the most demanded at present.
While the houses can be occupied by larger groups by providing residents with more space and more privacy as independent properties, the departments have the advantage of belonging to a community The fact that there are community rules guarantees some control over the use of the property, what is allowed and what is not; for example, smoking, organizing parties, having pets, etc.
What are the benefits for investors?
Although in general terms, we can say without a doubt that real estate is a safe investment, if what you are looking for is to invest in real estate in Tulum, buy department for rent is one of the most viable options due to its higher rate of return, in addition to its obvious attractiveness for being in one of the most beautiful places in Mexico.
At iBrokers we have both options if you decide to make your investment and here are some of them.
Another aspect that you should not lose sight of when investing is where the property will be located and what will be the strategy to take advantage of it, in IBrokers we have the best locations.
REACH OUT TO THE EXPERTS
We are the #1 in the area, we stand out for our services and for providing the best investment options. We have a variety of options such as sale of pre-sale developments, resales, land, vacation management, construction and total advice in the field.
Our experience, human warmth and efficiency have provided us with countless satisfied customers who have found with us the way of invest your money safely.
With presence in Cancun - PLAYA DEL Carmen - tulum - mahahahual - holbox - el cuyo - merida - among many other destinations.
iBrokers promotes organized and conscious urban development. We are a conscious and friendly company with our environment. We do not agree with the violation of protected natural reserves for the construction of any type of development. Our best way to take care of our planet is to offer sustainable and ecological developments.
Our headquarters are located in Playa del Carmen, Quintana Roo, Mexico where a team of real estate specialists is ready to guide every person to make the best decision of their life.
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