Dane Posey on Los Cabos courtesy of Destino Magazine
There were a number of years, the old-timers tell me, that the idea of a home in Los Cabos was a tough sell. It’s difficult to imagine that at a point in history unsubstantiated concerns over Safety and long term viability outweighed the perfect weather, miles of beaches and no-worry lifestyle the area provides. Fortunately those days are over. The question of “Where” has been replaced by “How?” The folks that call my number are considering whether they prefer purchasing a condo, a new or previously-loved home, or building their own dream.
Camp Condominium has a large number of supporters. Options range from boutique buildings of only a few units to large scale communities with a laundry list of amenities. I’ve had more than a few meetings where a group of friends were considering purchasing all of the units in a small development to turn it into their own private Melrose Place South. The benefits of a Los Cabos condo owner are vast. Locking up and leaving without the worry of security, maintenance, or watering the plants is worth far more to them than the price of monthly dues.
Those seeking a new or previously loved home are attracted by the spaciousness and privacy these properties typically provide. It’s not uncommon to find these homes also located in communities that share costs via an administrator and HOA as well. Gated communities and those with upscale amenities and golf or beach clubs provide incredible value for the home buyer. The additional meters allow for customizations like outdoor kitchens, wood burning fire pits, and pools that you only have to share with people that you’ve personally invited.
Many clients didn’t move 1000 miles from the US border so they could live in a neighborhood they would mistake for Irvine, CA when the sun sets. The true beauty of buying a re-sale in a non-HOA neighborhood is that often you are buying into a neighborhood in which your neighbors are as passionate about the Baja as you are. You have the freedom to live on your own accord. Always dreamt of a home with a purple front door like one of my first clients? Paint your door purple.
They call Los Cabos the “Malibu of Mexico” and I’ve had a few clients lament that they should have bought earlier because they have been priced out of the market when looking for a home that meets all of their requirements. My answer? Build. The recent trend in our market has been taking advantage of Sellers that purchased land with the intention to build but never went through with it for whatever reason. Lots can be had and quality labor is cheap. Like any investment due diligence is of importance but if you’ve always had an idea of your ultimate getaway, it can be built here for less than you may think.