Imagine owning a Puerto Vallarta home with a panoramic, breathtaking view of the Banderas Bay and the Sierra Madre mountains, in a city with modern infrastructure and all services, not to mention a lot of events and activities for any type of interest. Of course, there's always an abundance of friends to enjoy them with. These are some of the benefits of owning a home in Puerto Vallarta.
Puerto Vallarta homes come in a variety of sizes and styles. The houses in Puerto Vallarta range from $35,000 row type houses in Mexican neighborhoods to the $200,000 to $400,000 houses in mixed neighborhoods for professional Mexicans and North American retirees with some funds available. From there, you go up to the $400,000 to $800,000 houses with limited view; finally to the grand villas with great views, priced from $800,000 to 15,000,000 depending on the size and location. As for the size to price ratio, the average cost per square foot for a villa is $250. The prices of villas may seem high but similar properties with comparable views would be two to three times as much in the States.
So, why a Puerto Vallarta home instead of a condo? Puerto Vallarta offers both, and both can be a good option depending on each buyer's situation. Often when visitors first decide to make this city their second home, they will rent a condominium during their first extended stay. A large number of those who choose Puerto Vallarta as their second home are retirees, and many regular visitors look forward to making it their future retirement destination.
For those planning on using their Puerto Vallarta home for full time retirement, or choose it as a full time home for any other reason, a villa with staff might be the best choice; association fees are minimal, there are no neighbors or renters upstairs, value appreciation is most favorable, furniture and personal items can be shipped into Mexico making living conditions more similar to back home. Those planning part time residency in PV might favor condo ownership.
Another factor is how many visitors you're planning on having. If you own a grand villa, you'll have more dear friends than you ever knew you had. Age as well is worth considering. A younger home buyer might favor a villa where he can call it home, living there as he would in any permanent residence, without having that temporary or transient feeling. Also, since most of the villas are located on the mountainside, they are usually multi-story and involve stairs, thus presenting obstacles for those less fit. Maintenance of a villa requires much more time, effort, and money and therefore, to many of the older or less healthy retirees, it alone might rule out villa ownership.
Right now Puerto Vallarta homes are a true buyer's market. There is a glut of houses and villas on the market because very few sellers have felt the need to substantially reduce their prices and the buyers are few and far between. What ever a buyer might be interested in, it's available in spades here in Vallarta!
There are many benefits of buying a Puerto Vallarta home; but as any decision of this magnitude, it is important to make sure you have the right information. One of the best places to do this is our TOP Mexico Real Estate blog, which continually supplies important information for buyers. Even more important is to contact our Puerto Vallarta agents for the specific information and guidance you need.