If you are considering buying Puerto Vallarta real estate, you are probably looking into the option of Mexico beachfront for sale; after all, the beach is one of the most attractive features of Puerto Vallarta. The following are a few tips to help you make that ideal condo or home on the beachfront more affordable.
Look in Puerto Vallarta – You’ve probably already made this important decision, and it’s definitely one of the most important. Puerto Vallarta is an outstanding example of how a luxury beachfront lifestyle in a very nice property can be enjoyed on the average American budget. This is true both of property prices as well as the cost of living. Enjoying a life of modern comfort in warm weather is possible in Puerto Vallarta.
Consider Pre-Construction – Condo complexes that are in the early stages of construction will often offer buyers considerable discounts on properties. While some care is needed in this kind of purchase, an experienced agent will be able to advise you as a buyer on the reputation of any developer and the appeal of a given complex. With this background information, buying preconstruction is a perfectly safe way to gain a luxury property at a discount price.
Related: Buying on a Budget: Pre-construction Discounts
Watch Price Reductions – On a fairly regular basis, owners will want to sell their property off quickly; financial pressures back home or ownership of a new property which has already replaced the old one can serve as motivations for owners to reduce their pricing significantly if they do not get a buyer quickly. If you are interested in this, ask your agent to keep you up to date on price reductions and help you evaluate the best opportunities.
Investigate Mortgages – Mortgages for Americans, Canadians and Europeans have become much easier to obtain from Mexican banking institutions in recent years. While rates are ever-so-slightly higher and there is more paper work involved, they are a viable tool to help make that dream property fit into your budget. Getting the mortgage directly in Mexico means you don’t have to tie up home equity on properties you own back home.Related: Buying on a Budget: Mortgages & Other Financing Options
Consider Properties Back from the Beach – While beachfront is what you’re looking for, it’s worth remembering that even a few blocks back, you still get magnificent views (often even better if they’re up on the hillside) and you are within walking distance to the beach and many amenities; prices are usually noticeably less.
Living comfortably, in warm weather and with modern conveniences is possible on an average budget – at least in Puerto Vallarta.
TOPMexicoRealEstate.com; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely