Vacationing in Mexico is a wonderful way to make lasting memories for people lucky enough to experience the beauty of this incredible country. Mexico is known for its having the best climate year-round, accommodations are reasonably priced, there is an abundance of great restaurants, and miles and miles of white, sandy beaches. For many years Mexico has been a top tourist destination worldwide. If you were fortunate enough to vacation in Mexico, did you fall in love with the country and now want to purchase luxury beachfront real estate and maybe relocate permanently to enjoy retirement in Mexico? Are you ready to ditch the fast paced life in Canada or United States and live a wonderful, laid back life in Mexico? Are you hoping to start planning your retirement in Mexico soon? If you are, then the information below will help you. Interesting History The rich and interesting history are just a couple of the most attractive elements that make retirement in Mexico so special. From the Spanish architecture to the Mayan ruins to the …
Buying real estate is as much an emotional decision as it is a financial one; we fall in love with a particular place, view, or property and we know we simply must have it. This is when all practicalities, such as how well the house was constructed, what materials were used, and the cost of renovation and/or repair start to slide from our minds. Fortunately, if you fall in love with Garza Blanca real estate you can be sure of the quality of construction and finishings that come along with it. Construction, finishings and furniture at Garza Blanca Preserve All of the real estate on the Garza Blanca Preserve have been built to last using high quality construction materials and finishings. The kitchens are fitted with the best appliances from brands like Kitchenaid, and the granite counter-tops will withstand years of intensive use. The bathrooms and floors are finished with marble, and the windows throughout these homes are double-glazed and designed to withstand gale-force winds. Water quality While many residents of Garza Blanca Real Estate …
You don’t have to be a real estate mogul to see that Puerto Vallarta and Riviera Nayarit have been experiencing an upturn in their property markets. With so much construction in progress in the Romantic Zone of Puerto Vallarta (near Los Muertos), it is also clear that developers are cashing in on the regions popularity. Likewise, real estate publications are on the rise; they advertise homes to locals and potential expats alike to promote real estate in Puerto Vallarta Prices on the rise for Real Estate in Puerto Vallarta Prices have already risen once, and they’re set to rise again; according to statistics from AMPI (the official real estate association of Puerto Vallarta) about this region the average property is appreciating. In fact there has been a 4% increase in closing prices since last year! This is great news for current owners of real estate in Puerto Vallarta, and a real wake-up call for those who want to get on the property ladder; the time is now! Real Estate in Puerto Vallarta is trending again …
What is title insurance? Shielding against financial loss when defects are found in a property title, title insurance can also provide evidence of lawful ownership of property. It is extremely common for real estate transactions (more than half!) to find issues somewhere along the chain of title, so title insurance is beneficial because it helps expose any underlying issues before you make a purchase of property, so you are able to address and correct these problems and the transaction can go through. Protection Title insurance protects real estate owners and lenders when property loss or damage take place due to defects in the title to the property, encumbrances or liens. There are specific terms, conditions and exclusions within every title insurance policy. Liens Purchasing a home is typically the largest investment made by most people, and title insurance is there to help protect that investment. Although the majority of insurance types (such as flood, auto or homeowners insurance) cover a policyholder for possible future events, title insurance shields against losses that can occur due to …
The benefits of investing in real estate in Puerto Vallarta are many: the enjoyment of owning your home, the potential for growth and returns, and the security that comes from having a “bricks and mortar” asset are just a few of these benefits. However, the biggest short-term (or at least ‘renewable’) benefit is the rental income that real estate in Puerto Vallarta can provide when you’re not living in it. This potential for rental income becomes even more likely when you buy property in a vacation hotspot like Puerto Vallarta. Potential Rental Income from Real Estate in Puerto Vallarta Today more than ever before renting out a property for “vacation lets” is easy, accessible, and popular; there’s a customer and niche for pretty much every style of home and term of rental. If you rent by the day to city-breakers you might make more profit than those who rent long-term to students and travelers, but you will also have to constantly look out for potential customers. If you rent out long term you will lose …
Mexico is a delight when it comes to real estate options. Whether you are looking to purchase a beautiful villa overlooking a tropical scene or to see your own designs constructed into reality as you build your own home, Mexico can deliver. Take a look below to see which opportunities are calling to you. Real Estate Options in Mexico Houses Houses in Mexico tend to consist of two storeys and perhaps even one or two more in bigger cities. Traditional Mexican houses can count with a courtyard which was initially designed to keep the abode cool on hot summer days. More modern houses have shifted from this blueprint and might resemble homes like those found further up in North America or over in Europe. Condos In terms of real estate, a condominium does not refer to a building construction itself but rather a type of ownership. A condo is when you own a unit which is a part of a larger building. There are usually communal areas such as a pool or gym room which …
When you buy Mexican real estate at the beach in Mexico as a foreigner you will go through a process which is similar to and yet very different from the one you may have experienced at home. This is especially the case if you are buying within what is known as the “restricted zone” (the area within 50km of the beaches and borders). As you can see, Mexican real estate at the beach will fall within this category. Mexican real estate at the beach There are four key actors involved in the process of buying a beach or border property in Mexico, some of whom are optional. Bank Fideicomiso Notary public Real Estate Company (optional) Buyer’s Attorney (optional) Bank (Fideicomiso) One of the key differences that you will notice when buying Mexican real estate at the beach is that you will need what is called a fideicomiso, which is a bank trust. If you buy in the restricted zone you will need a trustee to hold the property for you; this can be someone you …
Planning and preparing for retirement is great if you start doing it at least two years before you actually retire. The gradual transition, like a dress rehearsal, will help you adjust to the new lifestyle and aid you when evaluating your readiness for retirement. Many us dream of early retirement but the reality can be somewhat different to our dreams, especially if we are not considering preparing for retirement first. Below are some of the most important tips you should consider when preparing for retirement. Buy your luxury items now Before you retire, make sure you have already bought the expensive items you might need for the foreseeable future. While you still have your full income, it is important that you acquire that camper van while creditors will still lend you money, or purchase that vacation home of your dreams. Oftentimes, once you retire, it is difficult to fulfill these dreams; plus, if you have to take out loans, you can assess whether you can actually afford to retire. Spend your retirement budget Another great …
No investment is quite as secure and tangibly enjoyable as real estate; when you buy a luxury property in your favorite vacation destination you are putting your money to work in a way that can benefit your health and happiness as well as your wallet! It is hard to find intrinsic pleasure in the stock exchange or bitcoin, but real estate can bring weeks of enjoyment to you per year! What’s the point of owning second home real estate? Well, there is obvious value in a “bricks and mortar” investment, but the “point” can contain so much more! Being able to enjoy the proceeds of your money whilst it works for you is a blessed position to be in, and if you don’t want to go all in you can always consider fractional ownership with the Garza Blanca real estate. Why invest in Garza Blanca Real Estate in Puerto Vallarta Puerto Vallarta is one of the most popular beach destinations in Mexico and is rated as one of the most friendly and safe cities in …
Many people are confused by the Mexican system of land ownership; certain land is “restricted”, some is “ejido”, and some is freely available… but what does all this mean? Well, restricted land falls within 100 km of the borders and 50 km of the coasts of Mexico and requires a Fideicomiso if it is to be bought by foreign nationals. “Ejido” land is even more tightly regulated and has no official title; it can only be owned by certain Mexican nationals under certain circumstances and never by a foreigner. Real on to find out more about the Mexican Fideicomiso What is a Fideicomiso? A fideicomiso is a kind of real estate trust in which you, the buyer, are beneficiary and the Mexican bank of your choosing is the trustee. As beneficiary you retain all control over the sale, assignment, improvement, and use of the property. This is not a lease, but much like a US living trust. You are the beneficiary of the trust; the bank simply administers it. Why do I need a Fideicomiso? …
