When buying a Mexico property, there are many possible motivations you could have, including a place to enjoy vacations with your family, a relaxing, warm-weather vacation at an affordable price, and investment. Whatever the purpose, one excellent option to consider is land. Here are a few different points to look for when looking for the ideal lot for your purposes.
Good Price. Most people will take this one for granted, exploring various Mexico land options in the area they have chosen, and compare the size to price ratio to make sure they are getting the most for their money; more importantly however, it's VERY key to your purchase to compare what your getting for your money in terms of location, conveniences, infrastructure and other points. Cheaper is not always the best deal.
Good Location. Consider the surrounding area. Once you have built your home, will you (or the people you sell or rent to) be able to walk to conveniences? Is their good driving access to the location? What kind of stores are nearby? What kind of products do these stores sell? How high is the quality of nearby healthcare facilities, or schools? Maybe it doesn't have to be right on the beach, but check how easy public access is. Or maybe it's on a picturesque lakefront, or has a beautiful view from a hillside.
Building Permits and Restrictions. Make sure that a building permit is available. Some places only allow certain types of construction, or certain amounts of land to be used. If the home you're planning on is well within these restrictions, there's no need to worry; if you're not sure that that's the thing for you, keep looking. Find a qualified, experienced agent who can point you to the people and places to find this information, and be sure that the seller is up front about it.
Investment Potential. This is a question of finding the best combination of the first two points. If an area that already has some services and shows very good signs of having more in the near future (such as heavy investment in new upscale developments, international airports, or tourism activities and image), your property is likely to appreciate well. A low-priced lot in such an area is always a good find, provided that it has access to basic connections such as electricity. If you can afford them, even high priced lots in high developed areas with provide good investment potential if they are in a location where there is demand for rentals, or a business for tourism can be developed.
Even if you're not looking for an investment, you're situation may change and you might have to re-sell at some point. It's better if you can do this at a profit, or at the very least not at a loss.
If you are interested in buying a lot in Mexico, research locations, contact an experienced agent and ask about the details of construction costs, services and the future of the area. Do your research, and be sure you are buying the best property for your needs.
TOPMexicoRealEstate.com; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely
Mexico Real Estate NETWORK; "Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!"
Region: Playa del Carmen real estate.
Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. A Mexican Certified Realtor he is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546.
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