The Perks of Investing in a Pre-Construction Condominium
New developments in Mexico’s top beach destinations such as Puerto Vallarta are surfacing faster and faster, and contrary to popular belief, they are actually quite affordable. Pre-construction condos come with a lot of perks, and end up being a great investment for those who are looking to purchase property in the country. Owning a home in Mexico is really much easier than you may think.
One of the myths around purchasing pre-construction property is that you have to have a whole whack of cash to be able to invest up front, which makes potential investors a little weary. In reality, one of the great things about pre-construction condominiums is that they generally require a smaller deposit – which can be as little as 5%, and some developments offer up to 30 days to pay it.
Another thing that makes purchasing a pre-construction condo is that a lot of developments, especially in Puerto Vallarta, are offering huge discounts – as much as 30% – on select payment plans. Not only do you get a fantastic payment plan, but it also results in huge savings. It really does sound attractive doesn’t it?
It’s common knowledge that investing in real estate also alway comes with a guaranteed return. But this is especially true when considering the option to purchase property in a top vacation destination. With services such as Airbnb, owners can rent out their condos virtually year-round which results in mortgages essentially paying for themselves.
Another perk is that after a few years of renting the condo out, you have a fully paid for home in a top beach destination which will generate a separate source of income, and double as the perfect retirement home when you’re ready to think about moving to Mexico permanently.
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