4 Lessons We Learned Renovating Rental Property Overseas
In advance of the purchase of the property known as Lahardan House, the 200-year-old Georgian manor home we bought years...
Read moreLocation: Yucatán Peninsula
Language: Spanish. English is also widely spoken
Currency: Mexican pesos
Climate: Tropical. Hot year-round. Rainy season from May to October, and dry season from November to April.
Rocky coasts intermixed white sand beaches, crystal clear swimming and diving pools, 1,000-year-old ruins, and tropical jungles are quickly attracting an influx of tourism.
A good road runs from the town of Tulum, Mexico, to the beach, then follows along the beach for several miles in two directions—one side connects to the picturesque Mayan ruins of Tulum and the other enters the UNESCO World Heritage Site of the Biosphere Reserve of Sian Ka’an.
Property taxes are negligible, and utility bills are low except for the expense of air conditioning for eight to nine months per year.
Overall, groceries, restaurants, and entertainment expenses run 25% to 35% cheaper than in the United States.
Tulum has two pronounced seasons: mid-May through October is the rainy season, and the dry season starts in November.
The daytime temperatures in Tulum average 85°F to 90°F year-round, with December and January being the coolest months and April through August the hottest. Nighttime average temperatures are very pleasant, ranging from 68°F to 72°F degrees in the summer months.
Higher humidity during the summer rainy season make the temperatures feel much hotter, especially if you’re out in the sun, but offshore breezes (at the beach) moderate the perceived heat.
Tulum is by no means a fully-polished diamond, but it’s well on its way. The Path of Progress is arriving in Tulum, rolling down from Cancún, Puerto Morelos, Playa del Carmen, Akumal, into scruffy Tulum.
For years, Tulum has been popular with the backpack crowd, many of whom have settled-in and started tourist service business—small inns and bed and breakfasts, cafés, restaurants, and bars. But these days, things are getting more upscale.
This town offers investment and business opportunities for the adventurous soul.
Tulum may be a good choice for you if you enjoy hot, humid climates, and some of the prettiest beaches in the world.
The additional marvels of nature all around this area, cenotes, lagoons, jungle, and Mayan ruins will be icing on your cake.
Or, if you’re interested in getting into an area at the start of its tourism, investment, and business boom, and your window for success is a few years, then Tulum is definitely worth a visit.
In advance of the purchase of the property known as Lahardan House, the 200-year-old Georgian manor home we bought years...
Read moreI'm sitting in a palapa in the village of Xache, about two hours from my home in Tulum, Mexico. I'm...
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© 2008-2023 - Live and Invest Overseas - All Rights Reserved.
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