If you are planning for a comfortable retirement on the beach, for the creative this luxury is within reach for less than you may think. While there are many ways to use Puerto Vallarta homes
to invest, generate income and prepare for a relaxing warm-weather retirement, one choice is the classic fixer-upper.
One example is in the up-and-coming Alta Vista, a small neighborhood tucked away southeast of the old town. While homes and villas are pretty hard to find, and already start around $500,000, a fixer-upper can be found for around $250,000. With a bit of an investment, and a pinch of creativity and inspiration, you will be living in Mexico in a beautiful home with a view of the ocean and the old town; what's more you can do what you want with this kind of property, to convert into the home of your dreams for retirement. The total cost of such a project would be only a little more than that of an nice condo, with the advantage of more space.
If $250,000 plus the cost of the renovation is beyond your budget, a custom built home still in need of some finishing touches in a newer neighborhood just on the edge of gentrification can be found for about $80,000 US. Such a home would require a bit more time to make it the way you want, and would offer a little less space, but still offer close access to great shopping and a short drive to the beach and downtown.
Another option to plan ahead for your retirement is Puerto Vallarta land. For under $70,000, a large lot can be acquired with views of the Bay and the city, with enough space for a comfortable house, a pool and a reasonable yard. The price of building the home will, of course, be more the renovation project ($100,000 for 1500 sq. ft. approx.), but it also means you are starting from scratch, you can choose the design best for your tastes, and you can oversee that the project to make sure it is done right.
In either case, make sure that the property you are buying is suitable for your project. Especially with a fixer-upper you should have a building inspection to ensure a sound structure to work with, and make sure your project is feasible with the existing (i.e. you won't want to change things that can't or shouldn't be changed.) With land, make sure that a building permit is available, and check the zoning.
An experienced agent will help a good deal in this process; once they know what you are looking for, they will be able to suggest suitable properties and point you to the people that can help you ensure everything is in order, from the permits needed, to the idea you have for your home.
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Mexico Real Estate NETWORK; "Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!"
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.
