Chances are, if you’re looking for real estate in Belize you aren’t thinking of equity. Except with our properties back in our home countries we always associate real estate with equity.
What is Equity?
Typically, when we think of equity we think in terms of monetary benefits. Specifically, we think of how much of a financial improvement our property has made since we purchased it. This increase in financial improvement contributes extra dollars towards our net worth. Generally it is considered as the value of an ownership interest in property, and is the difference between the market value and unpaid mortgage balance on a home.
However, Belize Equity can also be thought of in non-realty terms. In a more non-structured expression, equity can be considered as the value, or the benefit received from owning desirable property or participating in a particular activity.
This is where Belize equity comes in. Don’t think of the equity received in owning your own piece of paradise as the difference between paid price and value increase.
It’s Not Just Money
Instead, consider the equity as the value added of having a place to call your own. Health, and overall happiness are increased by going on vacation. And owning a piece of the jewel in Belize can help you achieve that goal.
Many people will attest to the relaxing holidays spent in this gorgeous small country, and still speak highly of their vacation months and even years later. We buy cottages in locations several hours away from our homes because of the relaxation that we associate with vacationing in this single spot year after year. Much time and resources are spent maintaining summer cottages. And yes, in many cases, there is an increase in financial equity.
Increasing Equity
But many owners don’t usually consider this when deciding to purchase a cottage. Now, take this same thinking and apply it to a property purchase in Belize. You have the potential for financial equity, as well as for improved health and welfare equity, which, in the long run may be even more of a value than improving the bottom line.
Imagine every year visiting your “cottage” in Belize. Your family comes with you, you spend amazing days on the beach, going for horseback rides, snorkelling, traipsing through the jungles, visiting the Maya Archaeological Sites, or reclining in your hammock reading a book and sipping a tropical drink.
Off in the distance you hear the roar of the howler monkeys, or the break of the surf.
You visit waterfalls and bathe in the soothing waters.
And when your vacation time is finished you go back to your homes and wait eagerly for the next vacation period to come along. Or even better, rent it out when you aren’t using the home. Enjoy and provide additional income – this is a great combination towards building your personal and financial equity.
Equity doesn’t have to be financial – it can also be the value added to your life when you get to do something you enjoy, over and over again, sort of a “pleasure equity”.
It’s Your Turn
When it’s time to get out of the rat race come and make Belize your home. Thousands of us have done it already! Consider a real estate purchase in Belize. Princess Realty Belize can help. We have been working as a realtor in Belize since early 2012.
It all starts with a conversation. Let’s Chat!
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