Today we examine the advantages of buying a pre-construction project in Mexico and how you can save money in doing so. There are many properties to choose here, and buying a used home can have its´problems, requiring due diligence on the part of your attorney when doing title research. This is especially true if the property goes back many generations. So aside from the already low prices in Mexico here are some ways in which you will save .
Pre-construction could offer you substantial savings in a neighborhood that is in high demand, or one which is regarded as new or up-and-coming. In certain neighborhoods, rentals are much higher beacause of the demand to live there. After doing some research you´ll be able to find a best pre-construction development that fits your budget and has the kinds of amenities you are looking for. For example, the homes of Valle Bambu are located near the Centro Maya shopping centre in an area which is growing and has easy access to transport, therefore it is more affordable and convenient but not as likely to pull in high rental income as in a closed community like Playacar.
One advantage to buying in pre-construction is your ability to negotiaite on the payment schedule, by establishing a fixed calendar for payments which can result in great advantages for you. In exchange for making a large initial deposit you could upgrade to a better unit in the building like a penthouse, or have the developer throw in some furniture or even a Jacuzzi.
Buying early in to a development offers more choices and ultimately more savings. Is there a particular type of colour you would prefer for the walls? What about the lighting fixtures or the material for the countertops? With pre-construction these change will not cost you anything, amounting to direct savings which would otherwise be difficult to get when buying an already existing unit.
Finally, pre-construction property can turn into a great investment when you look at appreciation. Once the development is completed the price of a condo unity will likely rise by 10%, or even 15%. Playa del Carmen is a city in the Riviera Maya that is booming, and has a lot of pre-construction properties on the market, with new ones appearing all the time. It´s hard to miss the large billboards that line the busy downtown streets, so it may be as simple as taking a snapshot with your phone and following up with a phone call and a trip to the showroom office. Before you know it your home will be ready and you´ll have more money in your pocket as well.
Now if you have any question about how to purchase property in Mexico or about any of the TOP MEXICO REAL ESTATE properties we have listed anywhere throughout Mexico, please feel free to contact any of our Top Mexico Buyer’s Representatives and we will be glad to help you find your very own piece of paradise.
And remember, here at Top Mexico Real Estate…
We make it happen!
