Already on ArticleSlash?

Forgot your password? Sign Up

Why to Invest in a Fixer-Upper Puerto Vallarta Home

Thomas Lloyd

Visitors: 331

In a market like Puerto Vallarta real estate, where there is a large selection of new condos available for competitive prices, buyers may ask themselves why it's a good time to invest in a Mexico home renovation project.

While a project like this is not for everyone, there is some real value available. The following are a few of the strong points a fixer-upper Puerto Vallarta home can offer in the current market.

Excellent price. In certain neighborhoods that are now going through the process of gentrification, new homes or finished, ready to use homes are in lesser supply than the demand, and consequently prices start quite high. Homes in need of a renovation can be found for about half the price.

Total savings. Even after the cost of a renovation, the total cost will be considerably less than other homes. This means, that compared to other homes, a buyer can save a large amount funds by buying a fixer-upper.

Good Potential for Return. Since in many of these same neighborhoods, homes are in lesser supply than the many new condos, there is a better market for resale at a higher value, meaning there is very good potential for seeing considerable return.

Comfort of a Home. Whether investing or not, some buyers would prefer the privacy of a home on a single lot, and, this kind of project allows this kind of buyer to own a home instead of opting for a lower priced condo. A point to keep in mind, however, is that even after renovation, a home will need maintenance, which is usually taken care in a condo complex.

Buyers considering this kind of a project should work closely with an experienced agent, and explain their budget, their needs and what kind of project they want to undertake. It is important to have an inspection done, and to be sure that they are ready for the time and investment needed for the renovation. It is also important to take into account that unexpected issues may turn up, planning extra time and funds for this case.

This kind of project requires a certain level of creativity and adventurousness; working with qualified professionals will certainly avoid unnecessary risks, but investors who undertake this kind of project will need to be ready for the nature of this kind of task.; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely

Puerto Vallarta real estate

Mexico home

Puerto Vallarta home


Article Source:

Rate this Article: 
Should You Buy a Fixer Upper in a Slow Market?
Rated 4 / 5
based on 5 votes

Related Articles:

Puerto Vallarta Real Estate to Receive Improve urban Image for Nuevo Vallarta ..

by: Thomas Lloyd (October 27, 2009) 
(Real Estate/Real Estate Investment)

Buying a Mexico Home in Puerto Vallarta – Your Range of Options

by: Thomas Lloyd (October 14, 2010) 
(Real Estate)

Good Opportunity for First time Home Buyers in Puerto Vallarta, Mexico

by: Aniruddha Badola (March 23, 2009) 
(Real Estate/Buying)

Fix-And-Sit - A New Fixer Upper Strategy

by: Steven Gillman (January 25, 2008) 

How to Inspect a Possible Fixer-Upper

by: Matt Sheuerman (October 20, 2008) 

Fixer Upper Homes For Profit

by: Steve Kettle (June 25, 2008) 

5 Tricks to Rehabbing a Fixer Upper

by: Sal S Vannutini (July 16, 2008) 

Investing in Fixer-Upper Homes: Sometimes You Win, Sometimes You Win

by: Salvatore Vannutini (January 21, 2007) 
(Real Estate)

Foreclosures For Sale - Why Not Buy a Fixer Upper?

by: Kevin Simpson (December 15, 2008) 
(Real Estate/Foreclosures)

Should You Buy a Fixer Upper in a Slow Market?

by: Raynor James (July 30, 2008) 
(Real Estate/Buying)