Michael Green, puertovallarta Broker By Michael Green
2010-06-01

While condos are nice, there are some people who prefer a home, with a personal touch to it; the problem is that if you've been dreaming of owning a Puerto Vallarta home, perhaps you feel the prices are sometimes out of reach. The good news is that if you have a dream and a relatively small amount of funds available, you can plan to own some beautifully renovated Puerto Vallarta real estate for your retirement or as a vacation home.

In many of the favorite neighborhoods in Puerto Vallarta new homes are listed with prices around the $500,000 range. While these homes are well worth the price, not everyone has a budget that can handle this much of an expense for a second home, especially just now recovering from the recession. Many neighborhoods also offer excellent homes for around the $250,000 mark.

But for those who enjoy a personal project and have their own vision of what they could do with a home near the beachfront, fixer-uppers can often be found for as little as half the usual market price. For example, in the community of Alta Vista, a home in need of renovation can be found for as little as $250,000. The selling price for most homes in top condition (which are in lower supply) is closer to $500,000.

Up on a hillside overlooking the bay, a quaint Puerto Vallarta property with lots of potential could be found for as low as $90,000. Again, with a vision of a dream home, a plan, and a small investment, a buyer could transform this property into a beautiful home with one of the most sought-after views in beachfront real estate!

Whether for investment purposes, planning ahead for retirement or to have a vacation home available, there are many possibilities for owning a beautiful home in Puerto Vallarta; with a vision and a bit of dedication, a fixer-upper can become a dream come true!

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Region:  Puerto Vallarta real estate by Michael Green, an expert on Mexican real estate contract law, Green is active in national and state realty boards.  Green's excellent service record both in Puerto Vallarta and the U.S, combined with an old-fashioned work ethic and an intimate knowledge of Puerto Vallarta's luxury market, make him the ideal person to consult for real estate transactions. You can contact him at (512) 879-6546.

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