real estate opportunities in mexico – Villa La Estancia Real Estate

Destinations, FAQ, Fractional Vacation Ownership, Full Ownership, Real Estate, Residences

Pre-Construction Real Estate in Mexico: What To Know

It’s easy to see all the major changes that have been happening in Puerto Vallarta within the last five to ten years, especially if you know the Puerto Vallarta area well. Within the past few years, the Old Town and Downtown neighborhoods of Puerto Vallarta have experienced major transformations as developers are building more and more condominiums to meet the demand for people who are relocating to make Puerto Vallarta their new home. With many new construction projects under way, it has surely altered the charming appeal of Old Town, and many people are not very happy about the effect to the authenticity, charm, and ambiance that has been altered. There are more construction units underway and the change is not going anywhere, so the question is should people purchase pre-construction real estate in Mexico? Continue reading below if you would like to know the top tips to buy pre-construction real estate in Mexico to determine if the investment is worth the risk.

Upscale Condominiums
If you take a quick stroll through Old Town Vallarta, you will quickly notice all the new construction buildings being built amongst the charming, older buildings. Many of the new condominiums that are being built come with modern décor, gyms, an infinity pool on the rooftop, and many high end appliances. These high end amenities are fantastic for people who are wanting to purchase a modern condo that still provides access to the Mexican lifestyle they desire. These new condos come with luxurious amenities, and buyers will not have to worry about keeping up with the maintenance and repairs that come with older, out of date condominiums.

Problems to Avoid
One of the major problems that occurs when purchasing a pre-construction Mexican real estate property is that the product is unfinished, which is a huge risk. It has happened more than once when a real estate property in Mexico has had financial issues, which led to the construction being stopped when it was only halfway done, which left many investors upset along with being scammed out of a lot of money. When you purchase pre-construction real estate in Mexico, it comes with this risk and this can occur anywhere, but you can lessen the chance of becoming a victim to real estate scammers or a developer that is dishonest when you know the tips to prevent it.

Reputable Developer
When you are purchasing Mexican real estate, the most important tip is to make sure the developer is reputable. To find out if a developer is reputable, you should look over their qualifications, and to review the properties that they have completed on time. You should always ask the developer for references and then research the developer thoroughly. If you want to protect yourself, then you should always research and do your homework on the developer before you decide to purchase a pre-construction Mexican real estate property. Don’t decide to purchase any pre-construction Mexican real estate before the research has been done even if the developer promises you big discounts or incentives.

Construction Delays and Risks
It is not uncommon with any new construction projects to have delays, especially with real estate in Mexico. Many of the real estate developers in Mexico will include a contingency clause of 3-6 months past the due date of completion so that they have a buffer in case of delays. You should be aware that your construction may not be ready by the due date, so you should make sure that you are prepared for this so you avoid any unwanted stress. When you are dealing with any pre-construction real estate in Mexico, you should try to negotiate with a small down payment so that your initial investment is minimal. Once you have the key and you can move into the completed property, you can finish paying for it then.

Experienced Realtor
Another helpful tip is to always deal with a realtor that is experienced and qualified when you are wanting to purchase pre-construction Mexican real estate. You should look for one that has an outstanding reputation, and one that knows the local real estate market very well. When you choose a realtor that also has experience with pre-construction real estate in Mexico, then it will be a big help when you purchase your property.

Avoid Risk – Buy Completed Real Estate in Mexico
Last, but not least, a risk-free tip is to only purchase a unit from a property that is already completed. You may miss out on discounts that are generally offered on pre-construction Mexican real estate, but it will be worth it in the long run to avoid the unwanted risks and delays that could occur. One of the best real estate in Mexico properties to consider that is fully complete and move-in ready is Villa La Estancia in Nuevo Vallarta. With solid construction, spacious units, high-end furnishings, and finishes as well as beautifully landscaped grounds, Villa La Estancia is a guaranteed solid investment if you want high-quality real estate in Mexico. In addition to the amazing units, Villa La Estancia is considered a condo-hotel where you also have access to professional and courteous staff twenty-four hours a day who are available to help you with any reservations, tours or transportation arrangements you may need. Visit https://rivieranayarit.villalaestancia.com/ to learn more about all the amazing amenities and services available at this award-winning property.

Villa la Estancia Nuevo Vallarta Real Estate

We hope this information will assist you in evaluating whether purchasing pre-construction Mexican real estate is right for you.

by VLEAdminRE, August 23, 2018

Destinations, FAQ

10 Reasons to make Mexico your Home

Mexico is a vast and eclectic country that can often be overlooked as a place to lay down more permanent roots. Whether you already feel the seeds have been planted to make the move or if the idea is still fresh, read below for some pointers on why moving to Mexico is a fabulous idea.

10 Reasons to Make Mexico your Home

The People

Three words to describe the people of this wondrous land would be kind, curious and welcoming. Mexican people will take the time to ask you, with genuine interest, about your experiences and to share their own. If you take the opportunity to exchange a few words with the locals, you will most likely be given tons of advice on the best places to visit or perhaps even invited to eat in the family home.

The Climate

The beauty of the Mexican climate is that with such a huge landmass it can cater for everybody. If you love a tropical climate, you can have it! If you prefer cool mountain weather, it’s yours!

The Colors

Mexico is a visual feast of colors that is never dull. This country has a bright palette demonstrated by the food, textiles, flowers, traditional paper banners, street art, even houses – the list goes on!

The Lower Cost of Living

Coming from the U.S. Canada and Europe, the cost of living feels substantially cheaper. You will find yourself spending a fraction of the price on things like eating out, rent and transport. This allows you to worry less and enjoy more.

The Cuisine

Although Mexican food can vary from state to state as each region puts their spin of things, the cuisine is consistently delicious. Classic flavors draw from tomato, chili and corn, lime, onion and cilantro. You can find mouthwatering seafood and fresh fruits, exquisite traditional foods including soups, meats and sauces, and not forgetting of course the foundational taco.

The Landscapes

The sheer size of Mexico paves the way for countless gorgeous landscapes from the Caribbean beaches of the South to the rocky desert of the North. There are volcanoes, tiny mountain towns, copper canyons, rapids, mountainous jungles and urban cityscapes.

The Nature

Given the wealth of natural resources that Mexico nurtures, its biological diversity is something to be treasured. Mexico boasts almost 30,000 species of flowering plants and 1,500 types of mammals, reptiles and amphibians. You can experience the grandeur of the pink flamingo in the Yucatan or the millions of Monarch butterflies in Michoacán which migrate from Canada each year.

The Celebrations

Another colorful element of the culture is the festivities! With a plethora of bank holidays to celebrate national and religious holidays, there is plenty of joy to be had throughout the year. You can join the celebrations by sporting the national colors of red, white and green whilst eating, drinking and dancing to your heart’s content.

The History

Mexican history is a rich and interesting study, from the Olmecs and Mayans, to the Spanish conquest, to modern day political issues. There are many museums and art galleries throughout the country to tell the story, particularly in the larger cities like Mexico City and Guadalajara.

The Sense of Fun

Finally, Mexico is a country that has a sense of fun and freedom to it which is contagious. Perhaps this is brought to us by all of the above; the endless opportunities to experience something new and the generous people which make it all possible.

Do you need any more reasons to make Mexico your home? Contact us today!

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Invest in Mexican Real Estate for Vacation Rentals

by VLEAdminRE, February 3, 2018

Destinations

Mexico Ranks No 8 For International Tourism

Based on 2016 statistics, the United Nations World Tourism Organization ranks Mexico as the 8th most popular destination globally for international tourism. The world tourism rankings are sent out three times per year; they rate countries based on the number of international visitors that arrive as well as the revenue tourism (both inbound and outbound) generates. Mexico has beaten popular destinations like Turkey, Thailand, Portugal, Greece, and the Dominican Republic for the number 8 spot.

Reasons for Mexico’s Popularity for international tourism

According to an article in El Universal, the Mexican newspaper, one of the reasons for Mexico’s sudden increase in popularity in recent years comes from the favorable exchange rates which Canadian, American, and European tourists are experiencing. The article published in July this year claims that the number of tourists coming to Mexico has risen to 64% over the last five years, That amounts to around 9.6 million people visiting the country in 2016 alone!

Nonetheless, Mexico was a popular destination for international tourism even before such favorable exchange rates; the wide range of destinations go from the mountainous and arid to lush and jungle studded. And of course, there are the beach hotspots. Better yet there are many low-cost charter flights from North America and Canada (and even some from Europe). The culture, food, and cultural attractions in the tourist destinations alone will make the trip worthwhile.

Safety in Mexico for international tourism

There are some common misconceptions that people hold about Mexico as a country, and they are often based on the news headline which focus on the troubles some parts of the country have (most notably the US-Mexican border). The major tourist hotspots like Los Cabos, Puerto Vallarta, and Riviera Maya, however, are safer than many US and European cities. Law abiding visitors are in little danger so long as they exercise the same caution as they would at home.

So, why do you think that Mexico is ranked amongst the top 10 for international tourism? Dont forget to leave your comments below!

Recommended article: Invest in Mexican Real Estate for Vacation Rentals

by VLEAdminRE, September 29, 2017

Cabo San Lucas, Real Estate, Riviera Nayarit

5 Tips for Purchasing Real Estate in Mexico

When planning to buy real estate in Mexico with the purpose of having it rented out to vacationers or to enjoy it as a summer or winter home, here are 5 tips to consider so that your purchase works perfectly in your favor.

The Neighborhood where it’s situated is crucial

When purchasing real estate in Mexico, the location of your second home is important, especially if you are going to rent it when you are not going to be using it. For example, if you want to rent to younger couples and groups, then you should buy property close to all the action in Mexico’s top tourist zones, or if you want to rent to the high end market, the location should be exclusive and quiet, yet within easy reach of fine dining and cultural activities. For example, Villa La Estancia Residences are perfect for renting to those seeking luxury and high end facilities, while they are close enough to Nuevo Vallarta’s restaurants and its shopping centers as well as Puerto Vallarta, Bucerias and Punta Mita.

Seek Real Estate in Mexico with the best amenities:

As potential buyers of real estate in Mexico who want quality vacations, a snowbird sanctuary or a new life, the amenities of your property are of paramount concern. Look for a place which has existing modern and excellent amenities. It should have easy access to the beach, swimming pool(s), be close to areas for fine dining and preferably have a gym – these are the kinds of thing renters are looking for, a aspects that will make living in your home away from home all the more comfortable. Enjoying facilities nearby are big pluses like a golf course, spa & treatment centers and excellent restaurants.

Also, try checking current projects or future facilities being built in the area like malls, shopping centers, theme parks, cinemas and a transport station. Being close to service oriented companies makes a location all the more attractive; so you should keep this in mind. Internet access and a good signal for televisions and communication are essential must haves for any renter.

At Villa la Estancia Residences, you have all of these elements in one location, without even leaving the complex. You have access to one of Banderas Bay’s best beaches, a complete fitness center, gourmet restaurants, a world class spa, swimming pools and even room service! Resort living is certainly one of the more luxurious options when choosing real estate in Mexico.

Inquire about possible developments and constructions in the area:

Make a full inspection of the place or inquire with the concerned local government about future plans that they may have some hints into. There can be big companies planning to build modern and sophisticated homes or condos which you might have to compete with for the years to come. Check the surroundings. The property you’re about to buy can provide a good view of the ocean sunset, but having a big vacant lot at its front gives the possibility of someone buying it and building a higher structure than yours. It can erase your property’s advantage and can affect largely potential renters.

Villa la Estancia Residences is highly priviledged in this aspect as no one is going to spoil your view. The complex is built right on the beach and your will have a sea view from your condo. Also, you can be sure that the area has plans for expansion, but as it is a hotel zone, your real estate investment in Mexico will always be in demand. You also benefit from the marketing that the hotel and the local government do to promote these areas.

The risk of natural disasters

It’s better to invest in a place that is safe against the occurrence of natural disasters like earthquakes and hurricanes. As an investor who puts in a lot of hard earned money for a property, you should look at all possible angles to save your property from these nature’s havocs. It would be best to invest in an area close to or in near proximity to fire departments, local government aid facilities and police stations.

Villa La Estancia has been built according to strict architectural regualations to withstand hurricane force winds and earth tremors.

Real estate professionals and administrative experts.

Get a real estate professional who deserves your full trust and will give their all in giving you the best advice. Once you have decided and bought a property, look for a person who can take care of it and will help you out in looking for potential customers such as a property manager and rental agent. Find personnel that are capable of giving efficient administrative services. Make a research and know the feedbacks of their past clients. You should be careful in your choice because you must have the people who would work hard enough that can spell the difference between failure and success in your endeavor.

Villa La Estancia Residences offers a property management service with the option for rentals to owners who wish to contract these services.

by VLEAdminRE, September 21, 2015