Los Cabos Zoning is an important factor any real estate buyer should consider before buying a real estate property. Why? Well, let us answer your question with another question to better understand its significance. Would you pay and arm and leg for a property with a beautiful view and regret every ounce of your decision in the future when the beautiful view gets blocked? Not at all right? As you may already know, Los Cabos is one of the fastest growing retirement vacation destinations in North America. This only means that developers can build buildings, hotels, resorts, condos, and numerous more in the future and potentially block your valuable view.
Let’s dig deeper into the topic. A good way to start is to understand the terms.
What is a Sustainable View?
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A sustainable view refers to whether or not the zoning and development of the land between your property and your view will change. It is a matter of whether you will be able to retain the beautiful landscape view visible from your property for a lifetime. A property with a picturesque view will surely be more expensive compared to other properties so you better be aware of the rules. In the end, it all boils down to one question. How long can you sustain the view your property offers?
What is Los Cabos Zoning?
If you specifically want to get a property with a great view, you should be looking for AT0, RT0, and RT1 land zones. AT0 means Turistico Hotelero or Tourism and Hotels. A land classified as an AT0 land zone is located from the water to the trans-peninsular highway in Los Cabos. On the other hand, RT0 means Residential Turistico or Residential and tourism. Generally speaking, the south of the highway is AT0 while the north of the highway is RT0. Lastly, RT1 is similar to RT0. However, this type of land zoning only applies to the Pedregal area and Land ends.
What are the Top Reasons that Can Change your View?
There are four main reasons that can lead to blocking your view: when developers use empty lands to build new homes in gated communities, when developers meet requirements and use vacant lands to build four to six stories of hotels and condos, when the current owner of the land doesn’t allow tall buildings but gets paid off, and when politicians change or reclassify zoning laws.
How Can I Prevent Los Cabos Zoning Changes that Can Potentially Block my View?
If you see an empty land on your view, consider it as a threat to your sustainable view. Always talk about this with your developer or share your thoughts with the home owners association. Perhaps, you can also use this threat to get the price of your property at a more agreeable value.
Since you already have an idea on land zoning types in Los Cabos and you know the possible reasons that can change your view, you should also get a full map so you can instantly see what can possibly happen to the empty areas in front of your property. Bear in mind that developers can build up to 6 stories of hotels and condos on empty AT0 areas. On the other hand, developers can build up to 4 stories of hotels and condos both RT0 and RT1 areas.
We have seen many cases of blocked views on different types of properties. In fact, it happens a lot in Los Cabos. Unfortunately, there is no law or any form of protection for owners to maintain an expensive but spectacular view. As long as developers follow the zoning rules, they will be able to build more buildings to generate profit.
In El Tezal, the Tramonti project blocked the views of high-end homes in the Hermitage. A huge hotel in La Jolla San Jose is now blocking the views of many residents. At the end of the day, there is no secret formula that can maintain a view, you simply have to be diligent about Los Cabos zoning prior to buying your property. The most effective way for you to avoid disappointments in the future is to practice diligence and patience. Do not poke the price bear! We’ve seen it happen quite a lot and we do not want it to happen to you. If you have more questions about owning a property in Los Cabos, you may call us at +1-310-860-6063 (US) or +52 1 624 688 6841 (Mexico). Are you ready to find out how you can enjoy life to the fullest?
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Los Cabos Real Estate Fractional Ownership
Los Cabos Real Estate Fractional Ownership, a trend becoming more and more popular to home and property owners. It is not a new way of owning a property. In fact, it is a type of ownership that has existed for years. Here is some helpful information to help you start your property search!
Things to Know about Los Cabos Real Estate Fractional OwnershipWho needs Fractional Ownership?
The selling of Los Cabos properties under fractional ownership began a decade ago when developers got into the act of it. In Los Cabos, many groups of people, friends, and families have already tried sharing properties. Fractional ownership is ideal for people who want to enjoy a luxurious property for less. If you know people who want to enjoy a property on a short-time basis, you should definitely consider fractional ownership. Maybe, you all agree to just use the property on short vacations and getaways. Maybe, everyone wants to invest in an affordable but luxurious property. Whatever your reasons are, fractional ownership will allow four to sixteen people to share the ownership and payment in a property. Since you can split the cost, you will basically be able to afford more than what you can as an individual.
What type of property can Fractional Ownership apply to?
In Los Cabos, any type of property can become a fractional offering.
What are the types of Fractional Ownership?
There are two main types of Fractional Ownership: formal and informal. In a Formal Fractional Ownership, a certain number of perfect strangers agree to own a property. This type of ownership is often more successful. At the time of purchase, every partial owner knows, agrees, and abide by the rules indicated on their contracts.
On the other hand, an Informal Fractional Ownership typically involves family members or friends. It caters special agreements between family and friends. These agreements can be added to the contract. We strongly suggest you all agree to the terms first before entering the contract to avoid conflicts in the future. Additionally, always make sure that terms are put into written agreements. Things you might consider adding in the terms are the following: division of months in a year, alternate picking of holidays, and the staying limit in a year. At the end of the day, fractional ownership aims to achieve the needs of all parties in an equal and reasonable way.
How can Fractional ownership/partnership be successful?
There are a few things you must have during the course of your ownership as a group. You must always add the cost of the upkeep and the cost of repairs and improvement in the future to the contract. Aside from paying for the fractional cost of the property, it would be ideal to establish a contingency fund. This should not cost each owner a lot of money. Everyone can contribute a small amount of money on a monthly basis so that if the need for repair comes in, it will be easier to get the funds.
Can we use the Fractionally Owned Property for rentals?
Yes, Definitely! If there are too many months that the property is vacant from shared-owners’ use, you can get it out on the rental market. Many people come to Los Cabos. It will be a good opportunity for you and other owners to get profit. However, if you do this, we recommend you specify the terms in the contract as early as your purchase date. This will reduce conflicts in the future. You can indicate how the profits will be allocated and who will be responsible for marketing and administering the rentals.
What happens if one owner decides to sell his/her share?
Initially, the terms and conditions of your Los Cabos real estate fractional ownership contract should include necessary information about what happens if one of the owners decide to sell his/her part of the property. It should indicate the terms of how one party can buy the other if desired. It will be best to consult a lawyer to ensure you follow all correct processes and conform to the Mexican law. Additionally, it will be easier to have an attorney as he will be able to handle all closing documents that will be submitted to the bank holding the trust and the notary public.
Should I be concerned about time-share?
Yes, you should be! You must educate yourself on the differences of timeshare and fractional ownership to avoid confusions in the future. Timeshare and fractional ownership are two different things. Read more about it and weigh which option suits your needs. It would be best to consult a real estate broker to ensure your options are explained properly with expertise!
Los Cabos Real Estate Fractional Ownership is perfect for people who want to invest and enjoy a luxurious property in a more affordable way! If you have more questions about owning a property in Los Cabos, you may call us at +1-310-860-6063 (US) or +52 1 624 688 6841 (Mexico). Are you ready to find out how you can enjoy life to the full?
