Resort real estate and oceanfront real estate have always had a strong track record for appreciation Mexico is no exception to this rule, and with its close proximity to the US and Canadian markets, the demand has been increasing quite noticeably over the past couple of years for these waterfront properties
If you add to this picture the potential of appreciation from buying during the Mexico preconstruction condo phases, the roi can be quite handsome and may repeat some of the spectacular returns that the Florida and Las Vegas markets experienced over 10 and 15 years ago Reserving and purchasing at the initial stages allows for discounted prices, and, allows the investor an easier exit channel The exit consists of having to sell a brand new Mexican Condo to the market in order to collect his revenue and profits Below find a short list of benefits from buying Mexico Preconstruction Condos:
- 1) MARKET APPRECIATION prices are lower at the initial stages of a construction A chunk of land is worth the going market value As the ground breaks, Mexico real estate values increase Investors can ride the market appreciation as the construction proceeds converting from a hole in the ground to a finished, complete condo
- 2) DEVELOPER CONTROLLED APPRECIATION Mexico Developers usually plan several scheduled price increases during the construction and selling progress This strategy is to encourage investors to invest earlier because the prices will increase if they wait till later Such strategies adds to your ROI
- 3) CUSTOM AND DESIGN CHANGES TO YOUR RESIDENCE When reserving at the initial stages, you have the opportunity to customize your new home Choose different flooring, window accessories, and other design elements.
- 4) BEST CHOICE OF UNIT Reserving in early, allows the investor to choose from the best Mexico Preconstruction condo Best floor plan, best view, best location within the community.
5) INTERNAL FINANCING When buying into Mexico preconstruction, the investor does not need to come up with the entire 100% of the value of the real estate Many condo units take from 12 months up to 24 months for completion of the unit Payments can be made over this time period and not all up front.
