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Playa del Carmen Condos – Top 5 Reasons to Buy Preconstruction


Thomas Lloyd,  Broker By Thomas Lloyd
2011-02-21

If you are considering buying a property in Playa del Carmen, one of the most attractive options continues to be preconstruction condos. One new development of Playa del Carmen condos demonstrates the top 5 reasons to buy preconstruction well.

The top 5 reasons to buy in this new development during the preconstruction phase are:

Better prices – Developers usually sell their first units at the best prices. This is because the construction of the complex is just beginning, and buyers will need to wait to enjoy the final product. Also, during the very early stages, there's usually not much to "see," perhaps a few model units, but the complex as the whole, and even the specific unit being bought does not exist yet. For this reason, the developer wants to "get the ball rolling" for sales, offering the first condos at excellent prices. For later sales, which will have noticeably higher prices, this gives the developer the advantage of saying "I have X units already sold," adding a sense of urgency to their sale. For you as a buyer, it's better to be one of the early ones, getting the better prices. This can also lead to real value appreciation.

Excellent location – This particular development of Playa del Carmen condos is located at the north end of town, which is currently emerging as one of the most upscale areas of the city, perhaps even rivalling Playacar, the original gated community which has become the favorite for expats. The area includes nice gated communities (one of which is home to this development) which have 24 hour security, bike trails, plenty of park areas, and close walking and driving access to the beachfront. Downtown is only a short 10 minute drive away, and new shopping areas are emerging nearby. New and improved road access to existing shopping areas is also in the works. Waiting to buy resale in an area like this, as more units and services appear, would only mean paying a lot more for a similar unit. Buyers at this point also have their choice of unit; in resale, you can only buy whichever one is up for sale at the time.

Payment plans – Since preconstruction sales take place before the existence of the unit, developers and buyers create a payment plan based on the progress of the complex and the unit. This means that buyers do not need to come up with the full amount immediately, nor pay interest charges. Depending on the unit purchased and the progress of the complex on the whole at the time of delivery, bank financing can be obtained for the remainder of the payment value at that time.

With the help of an experienced real estate agent, buyers can select a high-quality development and buy preconstruction with confidence that they are getting a better price, and will see many benefits.

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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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