| Have you considered buying a Mexico home to fix up? | | | | shorter supply and start in a higher price range of |
| While lines at the hardware and home-improvement | | | | $500,000 U.S., a home in need of some repairs can be |
| stores are appearing again in the U.S., with more | | | | found for half that price. If a buyer finds the right |
| buyers ready to invest some money in fixing up their | | | | fixer-upper, this could lead to excellent increase in |
| home, experts are pointing out that the situation is | | | | value. Another location on the Pacific coast good for |
| drastically different from the large renovation trends | | | | renovation projects is Mazatlan where classic homes |
| last seen around 2006. Back then people were fixing | | | | in the colonial city center are getting noticed for their |
| up to invest and re-sell and re-invest; now buyers are | | | | project potential. |
| fixing up because they feel because of low equity | | | | Moving across to the Yucatan Peninsula, Playa del |
| they're stuck in their current home anyway, why not | | | | Carmen properties can also be found with good |
| make it nicer, more efficient, etc.? | | | | possibilities for investing in a renovation. Whether it's an |
| Investing in a Mexico fixer upper presents one possible | | | | older home in PlayaCar, one of the established |
| solution to this "stuck here anyway" dilemma. | | | | favorites for American buyers, or a nice home with |
| High-potential Mexico beachfront homes in | | | | under-developed potential just outside of the touristy |
| less-than-perfect condition can be obtained for a | | | | area (which is growing larger, and is likely to swallow |
| fraction of the market value. A relatively small | | | | up that nearby area, if you choose it well) Playa del |
| investment can bring the home up to market value, | | | | Carmen real estate's ongoing expansion make the |
| bringing a good return on re-sale or a great possibility | | | | money and time spent into fixing up well worth it. |
| for rental, making for a situation more like what you | | | | Examples can be found in many other favorite or |
| remember back before the housing-market slump in | | | | up-and-coming tourist areas in Mexico. If you feel like |
| the U.S. | | | | you're stuck with your current U.S. home, consider a |
| One good example is a Puerto Vallarta Homes. A | | | | different kind of fixer-upper project - one that will be a |
| neighborhood called Alta Vista is just being discovered | | | | money-maker, and help get you ahead of the game. |
| and gentrified; while homes and villas tend to be in | | | | |