Pre-construction homes are a hot item in Puerto Vallarta, but what makes them so great? Jesse and Chelsea sit down with Senior Real Estate Professional Nancy Valiente of Coldwell Banker La Costa to discuss the ins and outs of the pre-construction market. Listen as Nancy dives into everything you need to know about costs, logistics, and advantages to help you decide if pre-construction is the right investment for you.
You will want to hear this episode if you are interested in…
Getting to know Nancy Valiente [0:50]
Defining pre-construction and its advantages [4:48]
What about pre-construction discounts? [8:33]
Why is there such a large demand for pre-construction in PV? [11:08]
The pre-construction purchase process [13:26]
Are there risks to buying a pre-construction home? [17:11]
How long do pre-construction homes take to build? [19:34]
Title logistics and closing costs on pre-construction homes [21:49]
Looking at Maria’s pre-construction property roster [24:56]
Nancy’s words of wisdom for future pre-construction buyers [33:15]
The wonderful world of pre-construction
There are two real estate markets when purchasing a home in Puerto Vallarta. The first is your typical resell market. These homes have already been built and usually have a previous owner. Then there is pre-construction! Pre-construction homes (if the name didn’t already give it away) are homes that have yet to be built. Prospective buyers can evaluate floor plans and construction completion dates to find the perfect home for them before a single brick is laid. There’s something truly special about seeing your home built from the ground up. So why not build that home in paradise?
Make an investment
Financing is often a big part of home buying and where you get that loan matters. When purchasing a pre-construction home with Coldwell Banker La Costa, you can go through either a bank or the developer directly. Pre-construction plans are not only affordable, they have payment plans and zero-interest options as well. A big benefit to pre-construction is that because they are brand new builds, the value of the homes are often much higher than those on the resell market. Pre-construction homes are more than a place to live. They are a real estate investment. Especially in a place as beautiful as Puerto Vallarta.
Turn a profit
A major aspect of investing in a pre-construction home is the amenities that go along with it. Future owners are looking for properties that have all the bells and whistles. While eventually selling is one way to turn a profit on a pre-construction home, using it as a long or short-term rental property is a great way to make extra income too. Potential tenants and guests also value the location of a property. If beachfront property is out of your price range, never fear! A conveniently located rental with great amenities is a sure-fire way to keep your home and bank account full. Listen to this episode for more information on investing in a pre-construction home with Coldwell Banker La Costa!
Resources & People Mentioned
Visit the website for Coldwell Banker La Costa!
Connect with Nancy Valiente
Website
Connect With Chelsea and Jesse
lead.coordinator@cblacosta.com
jesse.carlucci@cblacosta.com