When choosing real estate, people are often guided by emotions and the first impression of the property and place, but do not listen at all to the opinions and advice of realtors.
Of course, there are realtors who offer for sale objects that they are most interested in selling, since there is a higher commission or the object is not entirely liquid and has stagnated on the market.
We chose a slightly different approach and now I will try to describe it.
The first step is to understand why real estate is being purchased. After this, we compile a list of properties that best suit the client’s needs and budget, but, of course, there are times when we recommend changing the budget up or down, especially when it comes to purchasing housing for permanent residence.
Very often, objects that are unattractive at first glance, that do not evoke emotions or are not liked at all, are more attractive from an investment point of view than objects that evoke delight and a desire to live here immediately.
When buying a home for yourself, in any case, no matter whether it is a new apartment or an old house under restoration, you will adjust it, furnish it and decorate it to suit yourself. The mistake of the majority is that people immediately look for the ideal property in terms of price-quality ratio, but alas, there are few such properties and their cost is rarely lower than the market price, and more often – higher.
Primary or secondary? What property to buy in Mexico
There are, of course, exceptions to the rules and a wonderful apartment with a view of the water or a picturesque park appears on the market, but such properties are immediately purchased by their own, even if there is no need for housing, but for investment and rental.
Real estate on the Riviera May is primarily assessed by the return on investment and the possibility of quick sale in the future if necessary. And the higher the cost of rent in the area, the more construction restrictions and the older the area, the less attention should be paid to the interior decoration of an apartment or house, since this is a small part of what is valuable in real estate.
When purchasing, be sure to pay attention to the area, neighbors, proximity to infrastructure, the sea, schools, and so on, because when selling or renting out this property, this will be a very powerful argument and increases the chances of making further profit or a profitable sale of your property.
The process of buying real estate in Mexico
So, you have decided to buy real estate in Mexico, but you cannot decide on the parameters by which you should choose a liquid, convenient and, most importantly, high-quality property? The easiest way is to contact us, and we will advise and select your options.
First, you need to determine the budget, location, motive for purchasing (for permanent residence, vacation or investment for rent) and be prepared for the fact that it is difficult to meet the ideal, but possible, and if it was not possible to meet it, then make your dream home perhaps yourself.