{"id":20388,"date":"2022-05-13T19:43:11","date_gmt":"2022-05-14T00:43:11","guid":{"rendered":"https:\/\/www.topmexicorealestate.com\/blog\/?p=20388"},"modified":"2022-07-29T14:23:07","modified_gmt":"2022-07-29T19:23:07","slug":"buying-a-renovated-home-vs-a-new-construction-in-yucatan-mexico","status":"publish","type":"post","link":"https:\/\/www.topmexicorealestate.com\/blog\/2022\/05\/buying-a-renovated-home-vs-a-new-construction-in-yucatan-mexico\/","title":{"rendered":"Buying a Renovated Home vs a New Construction in Yucatan, Mexico"},"content":{"rendered":"

Buying a house is a decision that should not be taken lightly. Therefore, it is important that before you acquire a home in Merida<\/a>, you analyze all the options. Pay attention to the advantages and disadvantages that exist purchasing either a new or a renovated home. There is a clear difference between one and the other.<\/p>\n

Buying a Renovated Home vs a new construction<\/h4>\n

While there are benefits to both, you might find that buying a renovated home rather than beginning new construction or buying a new one fits your needs best. Especially if you have your perfect neighborhood in mind.
\nIf you\u2019re weighing buying vs. building a home, here are the benefits of buying a remodeled home that you should consider.
\nAccording to the Mexican National Housing Commission (Conavi) 50% of polluting emissions are produced by the construction industry. Therefore, we consider that to avoid affecting the environment it is better to give a second chance to properties that already have a privileged location and the rest of the advantages of a renovated home.
\nBut what advantages and disadvantages do these types of properties have over new buildings?<\/p>\n

\"\"<\/p>\n

Privileged Location<\/h4>\n

One of the advantages of buying a renovated or restored home in Merida is that their location is commonly in a privileged area. They are close to communication routes and shopping centers, so travel times decrease.
\nAlso, if you are looking to invest in real estate, you will find that such a location is an advantage either if you want to rent it as a vacation rental home or if you want to resell it. Additionally, it keeps its competitive price, and the appreciation could be better.
\nOn the contrary, the new buildings are usually located on the outskirts of the city, so the travel time increases.
\nSize of the property
\nYou may have noticed that new houses are smaller and smaller. On the other hand, older houses usually have larger sizes and more spacious rooms inside the property.<\/p>\n

\"Renovated<\/p>\n

Quality<\/h4>\n

First, an old house has a guarantee of quality, because its useful time shows that it has endured several years of life. And they have even endured weather and earthquakes, depending on the area they are located. Also, in Mexico, there are many colonial cities. The materials in old houses have endured centuries and can endure a hundred more years.<\/p>\n

Finally, a remodeled or renovated home was built in such a way that the air could freshen the houses so there was no need for air conditioning.\u00a0For example, Merida’s colonial houses have higher ceilings which make them less hot.<\/p>\n

Privacy and amenities<\/h4>\n

Old houses are probably standalone homes. Secondly, they have much more privacy than the modern developments or condos. Also, they have as many amenities as the owner can afford or want.
\nAs for the new buildings, many times they are part of modern real estate developments. And with the home come various amenities such as surveillance and 24\/7 security, as well as green spaces, gym, multipurpose room, etc. Although if quality materials are not used for its construction, vices can arise in the first years of life.<\/p>\n

\"Renovated<\/p>\n

Expenses<\/h4>\n

When you buy a renovated home , the only money you need to put into it is price of the property. But don’t forget that is not only the house but the taxes as well. However, this is not always the case when you purchase a home that has not been remodeled. It is important that someone knowledgeable checkup the house thoroughly.
\nThe acquisition price of new housing, is 30% more expensive than a used one, even with similar characteristics, size, and location.
\nOn the other hand, it does not require maintenance in the first 10 years of life. As we mentioned before if the materials used for the construction are not quality materials. You will end up spending much more for repairs. And when it comes to building a home, a lot of your costs are going to be eaten up with building materials and construction labor.<\/p>\n

Final Word<\/h4>\n

Needless to say, it is also essential to consider the buyer’s budget. It is also important to have in mind the legality of the house. And finally, the projection of life is used. That is, how many rooms will be needed or if it will be a place where you want to live permanently.<\/p>\n

\"\"<\/p>\n

If you\u2019re considering\u00a0in the neighborhood of your dreams, be sure to check out our listings at Top Mexico Real Estate. Don\u2019t hesitate to contact one of our buyers\u2019 representatives to know more. And remember\u2026We make it happen!<\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Buying a house is a decision that should not be taken lightly. Therefore, it is important that before you acquire a home in Merida, you analyze all the options. Pay attention to the advantages and disadvantages that exist purchasing either a new or a renovated home. There is a clear difference between one and the […]<\/p>\n","protected":false},"author":2,"featured_media":20393,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[1730],"tags":[841,1507,2565,2564,2563],"class_list":{"0":"post-20388","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-real-estate","8":"tag-colonial-real-estate","9":"tag-colonial-style","10":"tag-historical-homes","11":"tag-remodeled-homes","12":"tag-renovated-homes","13":"entry"},"_links":{"self":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/20388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/comments?post=20388"}],"version-history":[{"count":3,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/20388\/revisions"}],"predecessor-version":[{"id":20397,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/20388\/revisions\/20397"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/media\/20393"}],"wp:attachment":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/media?parent=20388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/categories?post=20388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/tags?post=20388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}