Puerto Vallarta Real Estate For Weekend Getaways

Puerto Vallarta Real Estate For Weekend Getaways

If you are thinking about buying a home in Mexico as an investment in your future vacations then you need look no further than Riviera Nayarit and Puerto Vallarta. It may seem idealistic to think that you could own your own home abroad what with the cost and complexities that such an investment brings, but there are some things you can do to make this a little less stressful and a little more feasible.

Owning a home with a resort such as Villa La Estancia in Nuevo Vallarta is one thing you can do to make it simpler. Puerto Vallarta can become a great option when looking for real estate for weekend getaways, even if you live abroad. Take a look at some of the reasons as to why you should consider Puerto Vallarta as the destination for your vacation home:

Short Travel Time to Puerto Vallarta
If you live in a US city near Los Angeles, San Diego, San Francisco, Dallas, Houston, Laredo, and Phoenix you can expect to be in Puerto Vallarta within 1 to 3 hours, and though it’s slightly longer if you stay further north in New York or Toronto, direct flights still give you enough time to get the most out of a weekend away. Puerto Vallarta real estate for weekend getaways can be a viable option even when you live in the USA.
National Owners
Reals estate for weekend getaways is a particularly great choice for national owners. Puerto Vallarta is not only a tourist hotspot for international visitors, but it’s a real favorite with Mexican nationals too! It’s common for people to make the 4.5 hour drive from Guadalajara to have a weekend away, and you even get city dwellers from Mexico City, Tijuana, Monterrey, Queretaro, and Leon coming to this coastal city for some down time.
Homeowners Association
You could be forgiven for thinking that trying to maintain a second home so far from your main residence, but the Villa La Estancia in Nuevo Vallarta makes it easy to own property in Mexico and use it as a weekend getaway. The homeowners association makes sure that all common spaces are kept in good working order, and there’s even a maid service which you can employ to keep your home tidy and clean whilst you’re away.
On-site Security Provides Peace of Mind
The Villa La Estancia real estate options found Puerto Vallarta have all the most up to date security features, and benefits from 24/7 on-site security. This gated community takes your safety and peace of mind seriously! You can sleep soundly, and travel without worry when you own property here.
Rent out your real estate
The waterfront setting offered by Villa La Estancia properties is quite remarkable, and because of it’s beauty the real estate here is considered very desirable and valuable. This means that any weekend getaway home you buy here could give you real returns in terms of vacation rentals too. The plentiful dining and shopping options along with the many family friendly attractions in the area make it perfect for people of all ages and persuasions.

Better still, the villa La Estancia offers property managers to those who wish to leave the details of letting out their property to someone more knowledgeable than themselves. So, really, your vacation let can make you money, give you joy, and do it all without you needing to stress about it!

Real Estate Investments

Real Estate Investments

In the past, the stock market has always been the number one choice for North American investors as they have trusted the stock market with their hard earned income, but lately there are clear signs that this is changing to real estate investments due to the continued uncertainty of the global economy, which is why people are searching for secure investment choices.

Secure investments

One secure investment that you can feel and visibly see is a real estate investment. It is becoming very clear that the real estate market is a safer investment than the stock market for many different reasons, but only if you purchase property that is in a region that will grow and generally in these areas the property will be affordable. Many times when one invests in real estate they are required to put a large down payment for the property, but the returns is very positive and real estate investment properties are for smart buyers who are wanting a property that will provide income and these type of properties would include; apartment buildings, vacation homes, retail properties, and multi-family buildings.

How to invest in real estate

There are a few different ways that you can invest in real estate as you can purchase a (REIT and FIBRA) real estate investment fund or you can purchase a private home, vacation home for rentals, retail locations, office spaces, and apartment buildings. As you can see real estate investments options are endless.

By just glancing, one may think that the stock exchange is the better investment for people over real estate investments, but once inflation is added in along with the cash flow that you would receive annually with the real estate property investment, then it is crystal clear that the better investment opportunity is with real estate investments. One should also consider the appreciation on the real estate as with it you will be earning money every year just by being the owner. One excellent real estate investment is purchasing real estate in locations that is not fully developed, but on the way to emerging, and doing this will provide an immediate appreciation when the location is fully developed. Another excellent real estate investment is purchasing properties that will provide you with income as this is a large return on your real estate investment. Vacation homes and multiunit apartment buildings are two types of properties that you will receive a large return and income for your investment.
Real Estate Investments vs. Stock Market

Here are just a few of the top reasons why real estate investments are better than the stock market:

  • Larger Control Personally
  • Many Advantages with Taxes
  • Real Estate Investments are Secure and Stable
  • Easy to Analyze
  • The Property is Yours to Use

As you can see, real estate investments are the better option over the stock market and it doesn’t matter how old you are. You will receive a constant return and income that is secure, safe, and steady. Real estate investments will always be a safer choice for many, many years and if you select a property that produces income in an up and coming area, then your investment could triple.

Vacation Rentals in Mexico

Real Estate for Vacation Rentals in Mexico

There are plenty of real estate opportunities available for prime locations in Mexico that include Los Cabos, Puerto Vallarta, and Cancun in case you think that you have missed out on an amazing real estate opportunity. For foreigners it is easy to invest in real estate for vacation rentals in Mexico, especially now that there are websites, which include Craigslist and Airbnb where vacation rental properties are advertised.

Real Estate for Vacation Rentals in Mexico Investing

Today, foreigners can easily purchase real estate throughout Mexico even though there may be different regulations on buying property that is located in the restricted zones (50km from the coast and 100km from the border). After you have bought Mexican real estate you can start the task of letting the real estate work for you by renting it out short term or long term. Investing in vacation rentals are very popular for vacationers in Mexico and the demand is only increasing yearly. Last year there was an increase of 9% in the real estate industry for the best destinations in Mexico, and the occupancy rates are only increasing in these areas as well.

Vacation Rental Income in Mexico

Why purchase Mexican real estate for vacation rentals? One of the main reasons is the great income that you will receive. Once you have purchased Mexican real estate for vacation rentals you can advertise the rentals in Mexico at US rates, which means you will receive a stable income at a premium price, especially if you plan on renting your vacation rentals during the peak season, which in Mexico is during the winter months. You will be charging the rental in US dollars, but your maintenance, expenses, and all running costs can be paid in Mexican pesos, which means you will make a great return, even if the property appreciation is considered throughout the years.

Paying Income Tax on your Vacation Rentals in Mexico

During the past few years, any income from vacation rentals in Mexico often went unnoticed, but the new tax laws state that all property owners and investors must pay taxes on any income received from vacation rentals. You should always consult with a tax attorney in Mexico, so that you don’t get in any trouble with the law for not paying tax on vacation rentals in Mexico.

Real Estate Property that You Can Use

The real estate property that you purchase is an investment, but it is also a vacation property that you can use too. You will have an amazing vacation property in Mexico available for you that is your very own. One good thing about purchasing real estate property in Mexico is you can rent it out and get the extra income along with having a great vacation property that you can use too. Real estate for vacation rentals in Mexico is a great investment for foreigners.

Best Real Estate in Puerto Vallarta

Strategies for Finding the Best Real Estate in Puerto Vallarta and Riviera Nayarit

Discover the fail-proof strategies for finding the best real estate in Puerto Vallarta and Riviera Nayarit. Here are the top strategies that can assist you in your search for a vacation home or a full-time home that will meet all your needs.

Purchasing Real Estate at The Right Time

Purchasing real estate at the right time is beneficial when looking for the best real estate in Puerto Vallarta and Riviera Nayarit. One of the best times to purchase real estate in Puerto Vallarta and Riviera Nayarit is immediately after the peak season, because this is the time that all the snowbirds and expats return back to their home for the summer months. During this time is when real estate agents can spend more time with you and they can totally focus on finding the home that meet your needs. Also, during this time is when many properties are vacant, so your real estate agent can find several properties for you to look at in one afternoon. You will be able to see all of the properties during our rainy season, so seeing if there are leaks or mold is possible along with making sure the airflow is correct.

Hire a great real estate agent

You should hire a great and qualified real estate agent, because the real estate agent that is qualified will make sure to find properties that you are looking for that will also go along with investments. You will want your real estate agent to be upfront and honest with you about all the costs involved in buying real estate in Puerto Vallarta and Riviera Nayarit. The real estate agent should be honest about being able to provide you with a property that not only meets your needs, but that is within the price you want to spend.

Purchase a real estate in Puerto Vallarta and Riviera Nayarit within your means

Before you even start looking at real estate in Puerto Vallarta and Riviera Nayarit, you should make sure that you have the capital and funds to invest in real estate in Mexico. The majority of the properties in Mexico are generally paid in full, as mortgages carry high interest rates, although within the last several years, the number of mortgage lenders has increased offering more competition. You should also remember that if you do get a mortgage in Mexico the interest rates will be much higher than you are accustomed to in the USA, Canada or Europe.

Always remember that when you are going to purchase real estate in Puerto Vallarta and Riviera Nayarit you should always stay within your means and budget.

What are Your Expectations?

What are your expectations when you are searching for real estate in Puerto Vallarta and Riviera Nayarit? Have you been given advice by family and friends that say, “Steer clear of buying a property on or near the beach, because it is very expensive” or “Look for properties that are on the outskirts of town, because it will save you a lot of money”. What are your actual expectations as to why you want to live to Banderas Bay? You may be surprised to know that property in Puerto Vallarta and Riviera Nayarit can be very affordable. If one of your main goals is to live cheap, then you may want to look for properties that are in a less desirable neighborhood but if you really want to experience Mexico with amazing views, then you should choose properties that meet your goals and expectations. You may be pleasantly surprised to find that real estate in Puerto Vallarta and Riviera Nayarit by the sea is in within your budget.

Be Practical

You should think about how often you will be using the property before you purchase it. Will you use the property once or twice a year, or full-time? If you are planning to relocate and live in the property full-time, then the real estate in Puerto Vallarta and Riviera Nayarit you choose will reflect those circumstances; however, if you will only be using the property once or twice a year you might want to consider a fractional purchase or renting out your place when you are not there.

Rental Agents and Realtors in Mexico

Rental Agents and Realtors in Mexico

If you are planning on making Mexico your second home, then it is wise to set aside time to find out where you will be staying. It may seem like a lot of work in preparation, but it is well worth your time doing so. Often, it is a good idea to rent property before you purchase, unless you have fallen in love with a place you have found while enjoying try and buy visits to Mexico.

Rental agents and realtors in Mexico

It is not a bad idea to surf the internet to see what is posted as available rentals and properties for sale, but most people looking to stay for long periods in Mexico like to have a local realtor help them find the right property for buying or renting.

The services provided by realtors in Mexico to those looking to buy property are free because they are paid by the current owners of the property —whether selling or renting. So, it is very good sense to work with a realtor— especially if your Spanish is not good and you have limited knowledge about the location you plan to move into. If you are buying, realtors can do a lot of the busy work of negotiating for you.

A beneficial local agent will invest in time to find out what your needs are and what your budget looks like for acquiring a property. The realtor will be your spokesperson—negotiating terms, interpreting terms for you and explaining any additional information you may need.

Make sure your realtor is a member of AMPI (Asociación Mexicana de Profesionales Inmobiliarios, Ciudad de México, A.C) because this organization ensures consumer rights are protected by regulating real estate policies.

Mexico one of the Worlds Happiest Countries

What Makes Mexico one of the World’s Happiest Countries?

Did you know that Mexico is one of the world’s happiest countries? It is also a very popular place for retirees and a top choice for vacations. Mexico has more than just delicious cuisine, outdoors adventures, and the best beaches (which is what makes travelers want to come back year after year and expats move here), it has that “happy factor” we are all seeking. Want to know what makes Mexico one of the world’s happiest countries in the world? Read on…

What makes Mexico so happy?

In a recent news report published by Mexico News Daily based on data and research from the World Happiness Report, Gallup, the Happy Planet Index, and the New Economics Foundation, Mexico was celebrated as the second happiest country worldwide, with Costa Rica taking the top position. Mexico ranked way above the United States even though its economy is at least five times smaller. It would seem that the residents of Mexico may not have a lot of money, but they are certainly much happier, so money isn’t everything.

Satisfaction and wellbeing

The report speaks about how we measure our levels of satisfaction and wellbeing in terms of how comfortable, happy, and healthy we are. The surveys indicate that the residents of Mexico are generally very satisfied with their lives even when problems come their way. Having a positive outlook goes a long way to establishing our sense of happiness and worth.

Living a long life

The average life expectancy for people living in Mexico is 76.4, which is one of the highest amongst the Latin American countries and in line with statistics for many developed countries. Good life expectancy could be the result of Mexico’s affordable private healthcare service as well as state-run medical cover. Also, Mexico is recognized as being a country with relative low levels of stress, which can contribute greatly to overall health.

Affordable Living

You can live on minimal means in Mexico and still enjoy life. Even on low incomes, housing costs, utility costs, and food are affordable compared to other countries, which allows for people in Mexico to not worry so much about money.

Laid Back Atmosphere

One of the best features and benefits of living in Mexico is its laid back atmosphere. Particularly in the coastal cities, there is less stress and the vibe is one more conducive to relaxation. While the “mañana” attitude may get on your nerves when you are in a rush, you will appreciate it later when you slow down and get into the local vibe. Even when many Mexicans work six days a week, they still have plenty of time for fun, adventure, and, of course, relaxation.

Now you can see what makes Mexico one of the world’s happiest countries. There are many benefits to living in Mexico.

Living in Mexico

What to Expect when Living in Mexico

Living in Mexico is nothing compared to what you might have read, watched, or observed in a short stay there or on vacation. The real life in Mexico can only be described by a local who knows and understands its intricacies and peculiarities. This sunny southern neighbor of the United States has amazing personalities that will make you prefer to live here for a while or for life. Find out what makes living in Mexico a unique experience.

Friendly People

Mexicans as a nation are some of the friendliest people you will ever meet. Try a few words of Spanish and they will become friends for life. There is something intrinsically warm about the people in Mexico that make it an attractive choice for those looking for a place to relocate or retire.

Appreciating the important things in life

Life in Mexico is slower compared to the busy life of the United States. If you are tired of rushing around most of the time, the mellow atmosphere in Mexico can be a relief, although there are others who will get frustrated by such a relaxed atmosphere. This slower pace of life can then be both a curse and a blessing. If you find the rush of the cities unbearable Mexico provides serene places to unwind and reconnect.

Punctuality

Be warned that Mexico is not the most punctual of countries, and you may be left standing for a few minutes or more when making a plan with local Mexicans. Obviously, this is a generalization, and you will find that in business, punctuality is a key, but on the whole, you need to be prepared for tardiness. For example, if you are planning to meet your Mexican friend at 7 in the evening, be sure to let them know that you are punctual. It is not unusual otherwise for your friend to show up at 7:30 or even 8 pm. However, if you make it clear that 7 means 7, most Mexican are pretty good.

First Things First

Unlike its US counterpart, the working conditions in Mexico provide six days of work and only one day off. If you have been accustomed to the weekend off set up in the US, this work scenario might be not promising to you. Only, those living and working in Mexico for six days make the most of their time by using this day to spend for the expression of their faith, for their families, and for personal recreation. They know that these things are important and even work will not get in the way of them allocating a time each week for these.

Getting Around

The crowded streets during peak hours might be common in the United States, and even in Mexico. But in this amazing country, the roads get even merrier with all the drivers who are willing to set aside rules just to get places. Be sure to use your common sense, alertness, caution and the seatbelt while driving, and don’t assume that everyone is following the laws.

Mortgages in Mexico for Foreigners

Are there Mortgages in Mexico for Foreigners?

Are there mortgages in Mexico for foreigners? Mexico has been a growing market that provides long-term mortgage loans. Although, the long-term mortgages in Mexico are still new when they are compared to Europe, the United States, and in Canada. Foreigners can get a mortgage in Mexico as there are plenty of financing sources, but you should know that the interest rates are higher when you compare them to other countries. Are you eligible to receive a mortgage in Mexico? Continue reading to see the factors that are considered when applying for a mortgage in Mexico.

The Mortgage Industry in Mexico

The mortgage industry in Mexico is on the rise, but compared to the top world economies Mexico mortgages are still behind. For Mexican nationals, the loans are available in pesos with an average 10-12% fixed rate, which of course is much higher than in Europe, the United States, and Canada, but if you are wanting a mortgage in Mexico it’s accessible. The mortgages in Mexico provide the buyer with 90% of the value of the home, so the buyer will only have to pay 10% of the deposit and any fees that is required. The fees are usually 5%, and the mortgage can be paid over the next 20 to 25 years.

Is it Possible for Foreigners to get a Mortgage in Mexico?

It is possible for foreigners to get a mortgage in Mexico, but it isn’t an easy task. Foreigners must possess a permanent residency in Mexico and they must be employed by a Mexican company that pays into the Mexico taxes. The banks will loan foreigners the money to purchase property in Mexico and if you are a permanent resident of Mexico and you can provide income that is foreign, then you also can qualify for a mortgage in Mexico.

Foreigners can also choose a private developer financing, which can be done on a home that is being built.

Foreigners can also draw up a contract, then negotiate an agreement with the seller, so the buyer can pay for the property over time, and this type of mortgage is a short term mortgage loan, but foreigners must be aware that the short term mortgage generally requires a 50% deposit or down payment and any private loan also comes with many risks and the interest rates are very high.

The Minimum Requirements for Foreigners Wanting a Mortgage in Mexico:

  1. Mexican bank statements for the last 6 months
  2. Foreign bank statements for the last 6 months and/or Mexican employment pay slips for the last 6 months
  3. Permanent or temporary residency
  4. A birth certificate
  5. A RFC tax number
  6. A medical report and certificate for eligibility for life insurance
  7. Good credit score in Mexico or good credit score from your own country credit service
  8. Proof or address

There are plenty of mortgages in Mexico for foreigners. Foreigners should look over their options, then proceed with the mortgage that suits their needs and preferences.

Mexico Property Insurance

Mexico Property Insurance

It’s always a good idea to invest in property insurance if you have a home or watercraft in Mexico. Having insurance on your Mexico property will help protect you in case of unexpected

Mexico Property Insurance

Mexico property insurance policies are not like those found in the U.S. and Canada because the terminology used and types of coverage offered are usually significantly different. Therefore, you can’t expect a standard policy to contain the same types of eligible coverage criteria in a Mexican property insurance policy that you may find in an American policy. As a solution for this difference, there are insurance companies in the U.S. that specialize in Mexican insurance law and policy-making. These specialty companies collaborate with the Mexican insurance companies to underwrite policies that are recognizable to Americans while still maintaining the legal validation of Mexico.

Non-Spanish Speakers

Unless you speak great Spanish and have no problem dealing with your insurance terms in Spanish, it will be best to have your policy prepared at one of these specialty insurance companies in the U.S. Having a familiar policy format for your Mexico property insurance may prove to be ingenious if you ever must file a claim in an already tense situation.

Check what’s included on standard policies

Moreover, US-led policies may have coverage options (for instance, third-party liability cover) that may not be found in the standard coverage for the Mexican insurance company. So, you may have to pay extra premiums for items that automatically would come in the standard policy with the specialist U.S.-based company.

Depending on what you want you plan to cover with regards to your Mexico property insurance, may be the determining factor for using a direct Mexican insurance company or one of the specialty insurance companies in the U.S.

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Find a Dream Home

How Can Law of Attraction Help You Find a Dream Home?

Are you wanting to find the best dream home for you and your family? If you are, then have you thought about how the law of attraction can help you find a dream home? You can use the law of attraction along with positive thinking when you are searching for your dream home. Read below for helpful tips about how you can make the law of attraction work for you.

Imagine that you are like a satellite dish

The main premise of the law of attraction is that ‘like attracts like,’ meaning that you need to be in the receiving mode of what you want by matching the energy that you want to receive. Imagine that you are a satellite dish receiving the signals, and that your life is the TV screen manifesting what you want to experience. If you use this technique, then you will automatically attract things that you like and are thinking about. For the first step in finding a successful home you should first think and imagine how you would like your home to be. Avoid thinking negatively about your current home, but focus on the elements that you would like to see repeated in your new, dream home.

Make a Collage

Making a collage or mood board with elements from your dream home is easy as all you need to do is collect images and pictures from all sorts of magazines that represent the way you want your dream home to be like. Make the mood board detailed. You can even take pictures of things that you would like to be doing at your second home such as enjoying a beautiful view that you can see from your bedroom or adding a pool to the backyard. The sky is the limit for making a mood board. Once you have your mood board created, then add a picture of you and your family in the middle. However, remember, if this becomes a chore, don’t do it. The idea about the law of attraction is that you are in a positive mood to attract the things you want. If making a collage becomes like homework, don’t do it. Just browse your favorite interior design magazines.

Repetition of affirmations

You can choose a few affirmations that keep you upbeat and on track when you are searching for your dream home. These mantras or affirmations can be something like “I’m happy and my dream home will manifest soon” or “My dream home is coming soon”. When you repeat these types of affirmations, then you are reaching out to a higher power and manifesting your dream into reality.

Celebrate Each Step

You should always remember to celebrate each step and accomplish you make in looking for your dream home. If you have found a dream home that is out of your budget, then still celebrate this moment, because you have at least manifested the dream home into reality, all you have to do now is work on manifesting the price you are willing to pay or on manifesting the way to pay for the dream home.

Trust your gut instinct

It is always worthwhile for you to follow your hunches, because the law of attraction can work in a special mysterious way. Even if you think the dream home is not close enough or too much money you should follow your hunches. Who knows when you might find the right information to help you get the resources to get that dream home, which will be ideal and perfect for you and your family?