World travelers understand that the Caribbean, Central America, South America, and Asia are full of vacation hotspots where one can go and enjoy the surroundings. And when vacationing, travelers often have access to luxurious amenities such as swimming pools, spas, fine dining, and Las Vegas style gaming. But when it comes to buying a property in one of these hotspots, luxury condominiums are usually the best way to go.
If you are a traveler that is accustomed to experiencing some of the world’s most luxurious hotspots, a time might come when you want to invest in a second home in one of these places where you can entertain yourself and family members during the year. For U.S. residents, Central America and the Caribbean are perfect places to invest because they are so close to the U.S. In fact, you can get to these places from just about anywhere in the U.S. in under 4 hours.
The biggest question for travelers is what is the best approach to buying into your dream vacation home. In general, there are really only 3 choices; a residential property, a timeshare, or luxury condos. Having a regular home has certain advantages, such as more space and privacy, but it has its drawbacks as well.
When you own a home in a foreign country, you need to think about property taxes, security, maintenance and upkeep. If this is a house you only plan on visiting 4-6 times a year, you will have about 35-40 weeks out of the year when it will sit vacant. During this time, the property needs to be kept clean, and if the locals get word that there is no one living there regularly, it could become a prime target for burglary.
Timeshares are okay, but with a timeshare, you don’t really own the property. You basically share time in the same luxury condominium with several others throughout the year. Typically, you can buy in for anywhere from 1 week to 6 weeks of the year for use. There is also some flexibility with timeshares in that you can do exchanges sometimes and go to other vacation spots.
This works fine for some, but timeshares have one big drawback; they are nearly impossible to sell. Check any classified ad website at any given time and you’ll almost certainly find pages of ads from timeshare owners looking to unload them. Suffice it to say, this is not a sound investment if you are looking for an asset with which you can build revenue.
Luxury condos offer the best of all worlds. With luxury condominiums, you own the property outright. It belongs totally to you. In addition, these luxury resort properties offer the very best amenities available in your vacation destination. And with security maintained 24/7/365 by the association, there is never any need to worry about upkeep or having your condo broken into.
For vacationers seeking the best value and most convenient option for investing in a second home, you really cannot go wrong with luxury condominiums. They are fast becoming the savvy traveler’s choice for a guaranteed luxury vacation.
Croc’s Resort Luxury Condominiums Jaco Beach Costa Rica, designed and developed by Costa Rica architects PM Arquitectos, has earned a stellar reputation for comfort and style. Click Here to learn more about our condos