Build or Renovate your Home in Mexico
Whichever option is best for you or for your friends and family investors pool. First purchase the land and then decide what you want to build, whether a tiny home, an architect-designed home, or a condominium.
We will help you to pick the perfect plot of land and envision the ideal home that suits your preferences, whether it's constructing a new house or remodelling an existing property. And if you are in the market to select a real estate in Mexico, we will help you to find the right one with legal certainty and good appreciation.
Purchase or Rent the Land
There are various options for land available in Mexico. In many cases, plots are available for purchase, and depending on the development project, there are opportunities to rent land for placing a Tiny Home.
The most affordable options are plots for sale in rural areas, which are ideal for those who appreciate nature and are interested in tiny homes.
Additionally, plots near downtown areas or cities provide opportunities for building customized houses or condominiums, catering to individual preferences or a group of investors.
Moreover, there are residential real estate developments offering extensive amenities such as golf and beach clubs. However, these plots tend to be the most expensive due to their numerous amenities, including security entrances and surveillance cameras. Furthermore, they often have specific regulations regarding the type of construction allowed on the plots.
Tiny Homes in Mexico
The tiny house movement is not a trend. Young adults, families, and retirees can all benefit from it for various reasons. Tiny homes cost less to build and renovate. Because the space is less than in traditional houses, you can invest a smaller amount of capital while saving the rest for retirement.
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Lower cost. Tiny homes cost significantly less than a traditional home. Prices vary by size and feature, but the media cost of a tiny home is between $50,000- $80,000 according to Business Insider. That low sticker price gives tiny home owners the financial freedom to own their home, avoid large mortgages, and build up their savings.
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More sustainable. Because of their size, tiny homes require fewer materials to build and less energy to maintain, significantly lowering their owner’s carbon footprint. Take it a step further with solar-powered energy and compostable sewage.
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Less cleaning. It’s simple—less stuff means less clutter. Cutting down space means fewer rooms to vacuum, fewer surfaces to dust, and more time to do what you love.
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Reduced stress. The simplicity and freedom of tiny living has several psychological benefits. Too much clutter has been proven to diminish mental well-being. That’s right, less stuff can actually make you happier! Plus, the low cost of living in a tiny home significantly lowers stress levels.
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More time outdoors. There may not be a ton of space for exercise and activities in a tiny home, and that’s the point! Tiny home living drives owners outside to enjoy the great outdoors and get active.
How to generate investment opportunities that maximize economic benefit and at the same time contribute to the conservation of the environment and the well-being of its inhabitants and the community?
The creation of a new real estate investment selection model with a holistic approach led the way. An evolved vision of investment that generates a powerful hybrid effect that goes beyond financial benefit alone, and that today is even recognized by prominent global leaders.
Since then, there are many companies dedicated to build Sustainable Tiny Homes for real estate projects that will positively impact your finances, your well-being, the environment and the community.
Purchase and Renovate a Property
Advantages of Buying a Property to Remodel
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Cost Savings. One of the most significant advantages of purchasing a property to remodel is the cost savings. Flip-flop properties typically have a lower price than ready-to-move-in homes, allowing you to save money on the purchase price. Additionally, it is possible to negotiate a lower price with the seller, especially if the home has been on the market for a while.
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Personalization. Another advantage of remodelling a property is the possibility of customizing it according to your preferences. With a remodelling property, you can choose your own finishes and materials, ensuring the home is exactly what you want.
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Increase in Property Value. If you invest in the right repairs and renovations, a flipper property can significantly increase its value. By making strategic updates to the home, you can add value and increase resale value in the future.
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Feeling of Accomplishment. Taking a property to flip and turning it into your dream home is a great sense of accomplishment. If you have handyman skills and enjoy DIY projects, flipping a property can be a fun and rewarding challenge.
Disadvantages of Buying a Property to Remodel
However these disadvantages may arise, our support and advice throughout the process will mitigate these disadvantages to transform them into a very profitable investment.
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Hidden costs. While purchasing a flipper property can save you money on the purchase price, it's important to note that there may be hidden costs associated with repairs and renovations. It is important to perform a thorough inspection before purchasing to identify potential problems and estimate the cost of repairs.
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Time and Effort. Renovating a property to remodel can be a time-consuming and effort-intensive process. It is important to consider whether you have the time and skills necessary to tackle the renovations, or whether you will need to hire professionals.
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Stress. Home remodeling can be stressful, especially if unexpected problems arise. It is important to be prepared for the stress and potential setbacks that can arise when remodeling a property.
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Resale Value. While a flipping house can increase in value with the right renovations, it's important to consider the potential resale value. If the renovations you make are not attractive to potential buyers or if you invest more money than you can recover, you may have difficulty getting a good return on your investment when you sell the property.
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Uncertainty in Repairs. When purchasing a property to remodel, you may face uncertainty regarding necessary repairs. Sometimes, additional issues can arise once you begin renovations, which can add additional time and costs to the project.
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Temporary Disadvantages. During the remodeling process, you may have to deal with temporary inconveniences, such as living in a space under construction or dealing with dust and noise from construction. It is important to be prepared for these inconveniences while carrying out renovations.
Despite the disadvantages mentioned, purchasing a flipper property can be an excellent option for those willing to take on the challenge and reap the long-term benefits. By carefully weighing the pros and cons, and having the right plan and budget, you can turn a flipper into the home of your dreams and get a good return on your investment.
In conclusion, if you are considering purchasing a property to remodel, be sure to do extensive research, obtain professional advice and carefully evaluate the costs and benefits before making a decision. Read our full article for a detailed guide on how to approach purchasing a flipper property!
Purchase New Real Estate in Mexico
Pros of purchasing a new house
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You are the first owner. The feeling of opening a new house is satisfying, but being the first owner of a new property that meets your expectations and needs will surely cause you much more excitement.
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You can customize them. The advantage of purchasing a new house with a real estate agency is that they can offer you different alternatives in the same area of your interest. Additionally, as a competitive advantage over used homes, you are able to customize spaces such as the kitchen, closets or bathrooms.
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The maintenance cost is lower during its first years. Being a completely new house, you will not find damages or defects to repair, at least in the first years of the property. On the other hand, if you do find them, they are covered by the warranty so you won't have to shell out a single additional cent, which brings us to the next point.
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They have a guarantee from the real estate agency. Another advantage of new houses is the guarantee that the real estate agency offers you on the home. If any damage or construction defect is found, the company will respond to the problem and will be responsible for solving it.
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It is easier to apply for a mortgage loan for your purchase. The appraisal process for a new house is faster than for a used one, since no remodeling or repairs have been made that must be calculated. In addition, real estate advisors are trained to help you in the process, making it easier for you.
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Its equipment is more modern. Construction companies offer new and innovative designs, more elegant and modern details. For example, you can find houses with integral kitchens or bathrooms with lower water consumption.
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They consume less energy. There are new houses on the real estate market that already have solar panels. And, even if they did not have solar panels, since it is a completely new construction, the electrical installation does not present leaks.
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They have more security. The real estate projects made up of new houses include private security, 24-hour surveillance and some controlled access services.
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They offer access to the amenities of the development. The private subdivisions or residential areas offer you luxurious amenities, such as a swimming pool, children's pool, walking or cycling tracks, multiple or special fields for soccer, basketball, among others.
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Their designs are more modern. Construction companies have the possibility of consulting their projects with architects to look for trends in property designs and offer you the most modern options.
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They do not need renovations or repairs. A new house will be in perfect condition, if you need to repair something, this type of houses has its guarantee.
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In some houses, green energy is used. Sustainability and green living are beginning to influence the decision-making of a home. For this reason, new property builders are preparing to provide you with alternatives that save light, water or small greenhouses for harvesting your own vegetables.
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They are surrounded by more vegetation and green areas. The landscape that you can see around a new house cannot be offered by a second-hand house that is surrounded only by houses and busy streets.
Cons of buying a new house
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You can hardly negotiate the price. Typically, the price of new homes is regulated by real estate companies and there is no room for negotiation.
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They have a higher price. You would think that new houses are cheaper when located around the city, but no. The high price of a new house can have different reasons On the other hand, they ensure the good condition of the property and have modern finishes and equipment, on the other hand, they confer prestige, status and exclusivity and even include access to amenities.
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They are found in suburban areas. Nowadays, used houses are the ones that abound in the city. There is no room for new real estate projects, so construction companies resort to building in suburban areas or outside the city.
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They do not include details such as blinds or closets. And if they offer them to you, they generate an additional cost to the final price of the house.
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In exclusive areas, you must preserve the style of the façade and avoid modifications. When signing the contract for a new house, real estate agencies provide you with a document with the rules or guidelines of the house. Some prohibit modifications to the facades to preserve the style of the subdivision.
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The plots are smaller. Construction companies prefer to delimit the land with the square meters necessary for the construction of the house. This way they can build more houses within the housing complex..
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If they are located in an exclusive subdivision, you must pay a fee for certain services. Available services such as surveillance, garbage collection, gardening or maintenance of recreational areas generate expenses that must be covered by residents.
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The time you spend in traffic is greater. When located on the outskirts or limits of the city, it is possible that you will find a high level of traffic on the access roads. This causes great loss of time, greater consumption of gasoline and stress.
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If they are on pre-sale, you must wait for their delivery. Pre-sale houses are those that are for sale, however they are not yet built or finished. Perhaps you buy a new house in pre-sale because it has a lower price, but you will have to wait until the property is completed to live in it.
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In case of resale, you will not have much profit margin unless it is in an area of high growth and capital gains. New homes are more expensive than used ones. In addition to this, you will have to increase the price for the preventive maintenance that you must give it after living in it.
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If they are located in an area that is undergoing construction, you will deal with construction noise. Some real estate projects handle new homes in stages. That is, they finish building the houses in the first stage and begin with the second. This will cause construction noises that you will have to endure until the work is completed.
