Are you interested in buying a house or condo in Mexico? Would you like to invest in real estate in Mexico in the towns of Cabo San Lucas or Puerto Vallarta? For foreigners wanting to invest in real estate in Mexico, Cabo San Lucas or Puerto Vallarta are wonderful locations, because both areas have amazing climates, plenty of outdoor activities, great shopping and excellent restaurants. Are you finding it difficult to decide whether you should buy a condo or a house in Mexico? If so, you need to read the information below to see the pros and cons of buying a condo versus a house in Mexico.
Condo or House – Pros and Cons
There are pros and cons to buying a house or condo in Puerto Vallarta or Cabo San Lucas. For foreigners wanting to buy real estate in Mexico, they often want a vacation home or a home to retire part-time. It is important to weigh the pros and cons of both types of real estate before they invest their hard-earned money. One major benefit of buying a condo over a house is that there is less maintenance, and many condos have onsite security 24-hours. Onsite security is great when you are only using the condo part-time. Another top advantage of owning a condo in Mexico is having amenities and services if the condo is a private residence that is part of a resort-like Villa La Estancia. If you buy a standalone home, you won’t have the benefits of resort-quality amenities and services unless your home is in a gated community that is very expensive. Full and fractional owners at Villa La Estancia have access to several pools, fine dining, a world-class spa, a complete fitness center, and so much more. The properties with Villa La Estancia in Cabo San Lucas and in Puerto Vallarta are very popular with ex-pats, especially when you are considering buying Mexican real estate with beachfront properties. You can afford to live on the beach at Villa La Estancia thanks to their full and fractional ownership options.
Cabo San Lucas or Puerto Vallarta Private House
Buying a private house in Cabo San Lucas or in Puerto Vallarta for foreigners comes with many benefits. You may have more privacy at a private home over a condo, but did you know that most private homes in Mexico have a neighbor very close by? In the majority of homes in Mexico, there is very little space between neighboring homes like they have in the US or in Canada. If you enjoy having a garden and flowers, you could do that in a private home, but residences at Villa La Estancia do have large private balconies and terraces that are perfect for a small garden and potted flowers.
Maintenance and Repairs with Mexican Homes
Another very important factor that you should think about when you are trying to decide what to purchase a house or a condo is the maintenance and repairs that will need to be done. A standalone house purchase in Mexico would require you to do all the maintenance and repairs. If you buy Mexican real estate in Puerto Vallarta or Cabo San Lucas, you should be aware that having the ocean so close by means that you will probably have to deal with leaky roofs and humidity related repairs, too. Of course, in Mexico manual labor is very affordable, but it often takes a lot of time to find a worker that is reliable and does the work right. Do you really want to spend your time managing repairs and maintenance when you could be enjoying the beach and other activities instead? This is why many ex-pats decide that a condo purchase in Mexico is a better choice because the maintenance and repairs will be done for you. Anytime you have any maintenance issues, you just need to let the staff know and they will take care of it for you, so you can actually enjoy being with your family when at your vacation home in Mexico.
Have you enjoyed the pros and cons of real estate in Mexico when it comes to buying a condo or house? Are you still asking yourself should I buy a house or condo in Mexico? Which one are you leaning towards buying? Let us know in the comment section.