Ask the Snowbird Real Estate Expert – Chuck Ashton
Seize control of your retirement future with a vacation property that pays back.
With oil prices so low, many Experts® are concerned about the Canadian economy. So how can you invest to protect your assets and grow them?
Looking back over the past 20 years, many of the greatest real estate investments were the recreational properties purchased by baby boomers for fun & enjoyment. Typically, these were mountain getaways and lakefront property. As we all witnessed, prices soared and these lifestyle properties turned into incredible financial investments. The Baby boomers got their cake and ate it too.
So what’s next? Millions of Canadian baby boomers will be retiring over the next 10 years, changes in their life needs and desires will create a tremendous increase in real estate values of select types of properties. Most baby boomers are not vying for the nursing home any time soon. A CNN study showed that 49% of baby boomers surveyed said their ideal retirement is on the beach.
Beachfront property in tropical locations will be a sought after investment of the baby boomers over the next 10 years. It has already started. These same baby boomers are going to invest for their lifestyle and desires, and once again they’ll be making a great investment.
After researching property in over 35 countries including Hawaii, California, Mexico, Costa Rica, Belize, Turks and Caicos, Bahamas, and more I realized there are a few critical considerations:
- Buy in an area with low risk of hurricanes
- Investment timing: buy before the “boom” but not too early in the development cycle.
- Invest in a safe & low crime area
- Invest where there are GREAT weather patterns
- When you find the place for you, don’t hesitate,
Our research led us to a special place on the southern tip of Mexico, it’s a hidden gem known as Puerto Escondido.
This is the best area we found for lifestyle and investment considerations. The current investment timing is superb. If you’re interested in a lifestyle on the beach, then please visit Vivo Resorts. We’re a Canadian developed beachfront resort community, it could be your turn to have your cake and eat it too!