Preconstruction or existing condo purchase

Post new topic

ericichon New member

Member since 06 July 2023

ericichonNew member06 July 2023 21:39:22

Hi everyone,

I’m Eric, currently living in LA but thinking of moving to PV. I’m having a hard time choosing between a buying a preconstruction condo or an existing one. Hoping some of you might share your experience or any insights. Thanks all!

Michael Asay Member

Member since 12 May 2023

Michael AsayMember07 July 2023 01:55:32

@ericichon

Better to just rent! Cheaper!

Glad yr getting outta that terrible LA!!

I have some contacts tho, so let's keeps in touch. Landlords are starting to sell their individual apartments at great deals, like a lil over 100,000

Michael Asay Member

Member since 12 May 2023

Michael AsayMember07 July 2023 01:57:43

@ericichon

Also, I wouldn't do preconstruction. People have had probs with this When are you coming?!!

***

Whattsap

Moderated by Bhavna last year
Reason : For security reasons, please share contact details through the private messaging system. Thank you
We invite you to read the forum code of conduct

OutAndAboutVillas Member

Member since 07 July 2023

OutAndAboutVillasMember07 July 2023 14:28:06

I'm from LA also and living 50% of the year in PV. We've purchased both pre-construction and resale, and were fine on both. For pre-construction, I would just recommend choosing a well established, reputable builder. We used a real estate attorney in addition to the real estate agents, that was very helpful. Welcome to PV!

ericichon New member

Member since 06 July 2023

ericichonNew member08 July 2023 04:10:35

@Michael Asay thank you! Visiting in Feb 👍🏼

ericichon New member

Member since 06 July 2023

ericichonNew member08 July 2023 04:11:34

@OutAndAboutVillas thank you! I’m looking at both. Happy to hear the 50/50 split is working out for you.

cccmedia Ecuador / Colombia Expert

Member since 13 March 2014

cccmediaEcuador / Colombia Expert24 July 2023 07:26:34

10281

I recommend against pre-construction

purchases in Latin America.

I bought a condo in 2005 in a

pre-construction deal and came to

regret the fact that various delays

put off the occupancy date until

mid-2013.

By the way, I agree with the

poster above who recommended

renting, not buying.

cccmedia

Articles to help you in your expat project in Mexico

Accommodation in Jalisco
Jalisco is the seventh-largest state in Mexico and the fourth most populous. It has a lot to offer expatriates, ...
Buying property in Mexico City
People travel from all across the globe to reside in Latin America because of its cultural richness and usually ...
Popular neighbourhoods in Mexico City
One of the best things to do during an extended stay in Mexico City is to compare the different neighbourhoods and ...
Dating in Mexico
We can recognize an intrinsic spark of love in the Mexican culture, "la serenata." Remember that ...
Leisure activities in Mexico
Mexico has activities for everyone: from exciting adventure to peaceful relaxation, high culture to rowdy street ...
Working in Cancun
Cancun and surrounding areas are popular destinations for both tourists and expatriates alike. Cancun is the ...
Childcare and education in Mexico
Many Mexicans' lives, young and old, revolve around family issues. Children are accepted on most social ...
Travelling around Mexico
One of the best parts about living in Mexico is being able to travel across the country. Mexico may appear small ...