Maximizing Your Investment: Tips for Choosing a Profitable Vacation Property in Puerto Vallarta with Keller Williams

Are you thinking of purchasing an investment property in Puerto Vallarta? With the new Highway coming from Guadalajara and the PVR airport receiving over 6.2 million passengers in 2022, and projections for over 7 million visitors in 2023, it’s a great time to invest. But before you do, there are a few important factors to consider to ensure that your second home generates the best return on investment.

Location is everything. Unlike buying a primary home, when purchasing a potential investment property in Mexico, the location must appeal to both you and future renters. Puerto Vallarta offers plenty of options, from beachfront condos and homes to locations like Old Town, the Romantic Zone, Amapas, Conchas Chinas, and Marina Vallarta. Up-and-coming areas like Cinco de Dicembre and Versalles are also great investment opportunities, especially for digital nomads looking for a temporary office in the city.

Pricing competitively and strategically is essential to fill up your booking calendar and maximize your investment return. While the rental potential is huge in Vallarta, guests have many options, including traditional hotels. Make your vacation property stand out by offering value and quality that guests won’t find elsewhere.

Calculating the expenses of owning an investment home is crucial for establishing a positive profit margin. Don’t forget to consider property management fees, HOA fees, property taxes, utilities, repairs, cleaning, maintenance, property insurance, accounting fees, marketing and advertising your property, appliances and supplies, furnishings, vacancy periods, and income taxes on rental income.

Aside from the price per night, other key factors that potential guests will consider when selecting a vacation rental include property size, location, amenities, reviews, and cancellation policies. Keeping these factors in mind will help you choose a vacation home that will show a great return on investment and help your second home pay for itself.

Our expert real estate agents at LARIVIERA Group and Keller Williams can help you determine the rental potential of any property you’re considering in the Puerto Vallarta area. Don’t hesitate to contact us today and start your journey to a profitable investment property in one of the most beautiful destinations in Mexico. Let’s Talk…!