I bought a Pre-Sale Condo in Puerto Vallarta, Mexico | Was it a good decision?

แชร์
ฝัง
  • เผยแพร่เมื่อ 29 ต.ค. 2024

ความคิดเห็น • 89

  • @brianrichards7006
    @brianrichards7006 2 ปีที่แล้ว +9

    This is my two pesos worth of thoughts. Puerto Vallarta is in a seismic risk zone (varying in parts from high risk to moderate risk). My absolutely first step I would take in purchasing a pre construction building would be to read the structural engineer's reports on the soil and the type of foundation and the size of and re bar content of the above ground support structure. I stayed
    in a relatively new condo up on the hill in cinco de deciembre several times and watched a multi story structure being built, and I was shocked at the minimal amount of re bar and corners which were not tied together (the ties and corner re bar essentially keep the building from collapsing). Add this to your list of concerns when purchasing. Best wishes.

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว +2

      Thank you Brian for sharing your thoughts. Yes, very good points when looking to buy on the hill or near the water. Thank you for watching!

    • @jasonstaub3045
      @jasonstaub3045 ปีที่แล้ว

      Wow great insight !!

  • @LarissaSokla
    @LarissaSokla 2 ปีที่แล้ว +10

    Very, very good presentation Elena !! So many tips you share with your subscribers .
    So proud of my bright and intelligent daughter:))) ❤️

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว +2

      Thank you my beautiful mama 🥰

  • @melisherwood5300
    @melisherwood5300 2 ปีที่แล้ว +5

    Great advice re the condo fees: I always look at places (as I research on line) with the lowest possible fees because I know from experience they can go up. When I bought my condo in Canada (which I have sold for a nice profit as you can imagine), my feels went up exponentially (partly to unforeseen events and partly inept management). So when I sold, they were almost $700 a month (which included nothing other than snow removal, garbage, and outisde maintenance - no rec facilities, no utiliities included). Another lesson I learned is not to buy too big a place, as mine was 1500 sq ft which adds to the fees (which I did not know at the time; going to keep my new place to 1000 sq ft max)

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว +1

      Thank you Mel!!!

    • @wusthof641
      @wusthof641 2 ปีที่แล้ว +2

      Yea hoa's are brutal!! Especially in your case, no pool etc, just normal stuff. I watch Mexico life all the time, and some are $700+usd per month. It would definitely influence my buying decision as that is coming out of monthly cash.

    • @melisherwood5300
      @melisherwood5300 2 ปีที่แล้ว +1

      @@wusthof641 Yes, which is why it is nice to buy a condo that is not pre-sale if you are worried about the fees going up. Also you have to research in depth. I would rather go freehold or find a small house. On the other hand my first condo had low condo fees that never went up in 4 years.

  • @coreys5097
    @coreys5097 2 ปีที่แล้ว +4

    We bought pre construction. Could not be happier. Get a lawyer to do the contract and make sure it’s a reputable builder. You get a 1 year warranty by law. The appreciation has been incredible.

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว

      Congratulations Corey!

    • @gladlock
      @gladlock ปีที่แล้ว

      Where did you buy?

  • @andrewthacker114
    @andrewthacker114 2 ปีที่แล้ว +3

    Good clip in showing the pitfalls of owning property in Mexico.

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว

      Thank you Andrew!

  • @californiadreamer3731
    @californiadreamer3731 2 ปีที่แล้ว +4

    Please, do so. We want to buy a place pretty soon. Gracias por your hard work.

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว

      Thank you 😊 will definitely do!

  • @victorramirez1280
    @victorramirez1280 2 ปีที่แล้ว +2

    I really liked this video. I hope your Pre-construction Condo build goes well and that it is a smooth process. I look forward to hearing more about your course.

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว

      Thank you very much Victor! Please send me an email if you would like to be on the list to buy the guide and thank you for your support! elenanevza@gmail.com

  • @liudmilamasalkina710
    @liudmilamasalkina710 2 ปีที่แล้ว +2

    Hola Elena. Great information. I would like to recommend you to someone who is looking to buy a property in the beautiful Puerto Vallarta. You are awesome 🙂

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว

      Thank you so much Liudmila! 🥰 I am so happy you find the information useful 💕and thank you for your kind referral!

  • @rosariomorales26
    @rosariomorales26 ปีที่แล้ว +1

    Yes please. I am thinking of buying for investment to future retirement. Thank you Elena

    • @ElenaNevza
      @ElenaNevza  ปีที่แล้ว

      Thanks! Please email me

  • @bertlouis6082
    @bertlouis6082 2 ปีที่แล้ว +1

    Interesting video Elena. Smart of you to have bought in 5 de diciembre as that is within walking distance of the malecon and zona romantica. I usually ignore most of your videos because the locations/areas are suboptimal for a retirement or vacation home. In my opinion being within a kilometer (or 15 minute walk) of the Zona romantica and the malecon is a must. For an extra 25-30% cost it is worth it for many reasons. Hope you keep vlogging about your pre-sale purchase experience. Cheers!

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว

      Thank you Bert! I will definitely continue making the videos.

  • @Oilerrocker
    @Oilerrocker 2 ปีที่แล้ว +2

    Great video! Congratulations! If anyone is interested I do have a 1 bedroom condo for sale in Versailles, slated to be completed in December things changed for us and we’ve decided to sell it.

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว

      Thank you very much Lauralee! Good luck with the sale of your condo, I am sure it will sell fast!

  • @sadiehearn4250
    @sadiehearn4250 2 ปีที่แล้ว +1

    Great video Elena! Thank you and hello from Windsor, Ontario, Canada 🇨🇦

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว

      Thank you Sadie! Great to hear from a fellow Canadian 💜

  • @eyesea123
    @eyesea123 2 ปีที่แล้ว +2

    Another fantastic video! Congratulations, how exciting!!

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว

      Thank you so much @eyesea 😊

  • @dennishassler605
    @dennishassler605 2 ปีที่แล้ว +1

    Elena - thanks again for perspectives on P.V. We finally have our house on the market and hope it sells soon so we can be staying in P.V. which is always a fun place to be.

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว +1

      Great news Dennis! Good luck with the sale and will see you here soon!

  • @CarenWilson
    @CarenWilson 2 ปีที่แล้ว +2

    Hi. Boots on the Ground!!! thanks for your information. glad you got a place!!

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว

      Thank you Caren!!!

  • @jorgeisaacpulidogarcia465
    @jorgeisaacpulidogarcia465 2 ปีที่แล้ว +2

    Thanks for all your tips and sharing your experiences!

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว

      Thank you for watching Jorge!

  • @SkinnySRT8
    @SkinnySRT8 ปีที่แล้ว +2

    Congrats!! I hope I can do the same very soon. Love watching your videos.

    • @ElenaNevza
      @ElenaNevza  ปีที่แล้ว

      Thank you! Good luck 👍

  • @lailashuvaloff6727
    @lailashuvaloff6727 2 ปีที่แล้ว +1

    Thank you for sharing your personal experience. Priceless!

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว

      Thank you so much Laila 💕

  • @goldiegreensill3800
    @goldiegreensill3800 2 ปีที่แล้ว +2

    Thank you Elena! You are always so informative 😊

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว

      Thank you Goldie 😊

  • @melisherwood5300
    @melisherwood5300 2 ปีที่แล้ว +2

    I am curious about condo law in Mexico which I assume varies by state. This is something I would love to find out about. I went through a nightmare experience with the drama and ineptitude of my condo board in Ontario (not sure about BC law) Ontario condo law despeartely needs revision and again, something I learned, the owner has very few rights: once a board is elected if they are morons they can squander the money, not keep up with repairs and basically form their own little clique to do what they like. I had a water leak from outside that went on for over 3 years and they basically ignored me until I had to badger them with every once of strenght I had. Took months to repair and then I was ready to get out of Canada anyway. Fortunately, the market was so good, the past repair issue did not stop me from selling for a good price and in a timely way. This is one reason I considered buying a small house or freehold apartment/townhouse but my budget is not huge and condos are so easy maintenace. I just don’t like not having control over one’s living arrangments.

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว

      Hi Mel! Great to hear from you! Condo laws here differ from state to state as you mentioned and in my opinion if it came to that, it would be a long process to get anywhere involving the lawyers etc. Just like back in Canada to be honest. So my best suggestion is to do as much research as possible prior to purchasing.

  • @lisamhf1
    @lisamhf1 2 ปีที่แล้ว +1

    Absolutely fantastic information! Thanks for sharing this video!

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว

      Thank you very much Lisa 💕

  • @sfrentals4769
    @sfrentals4769 2 ปีที่แล้ว +1

    FYI I left you a note towards the bottom, under Candace comment

  • @ricardomorales3096
    @ricardomorales3096 ปีที่แล้ว

    I’ll be there for this weekend, would like to view some of your recommendations for a family of 4 & potential rental… Thank you kindly 😊

    • @ElenaNevza
      @ElenaNevza  ปีที่แล้ว +1

      Hi Ricardo, I don’t deal with rental properties unfortunately, good luck!

  • @alexmozmtl
    @alexmozmtl 2 ปีที่แล้ว

    Спасибо Елена, очень интересно. Ждём продолжения :)

  • @WyattMullin
    @WyattMullin 2 ปีที่แล้ว +2

    Thank you Elena. Was your contract in English so you could easily understand the terms?

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว +3

      Hi Wyatt, thank you for watching! The contact was in Spanish and English, however it’s very important to have your realtor or lawyer be able to check the Spanish contract as it will prevail in case of a discrepancy between English and Spanish.

  • @mirella8733
    @mirella8733 2 ปีที่แล้ว +1

    Congratulations , great video

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว

      Thank you Mirella! 😊

  • @alexandermaclean1735
    @alexandermaclean1735 ปีที่แล้ว

    Numerous construction delays in the Lower Mainland of Vancouver and sometimes coming out of the gate with permits which are a slow process in cold Canada.Bah Humbug!!!

    • @ElenaNevza
      @ElenaNevza  ปีที่แล้ว

      Haha its a slow process here too, but at least its warm 😉

    • @alexandermaclean1735
      @alexandermaclean1735 ปีที่แล้ว

      I am one of those grateful types and waiting in a warm climate is better than waiting in a cold climate...
      Thank you for your honest personality.

  • @timmyjones1921
    @timmyjones1921 2 ปีที่แล้ว

    Thank You !!!

  • @KathleenClark-wj4uc
    @KathleenClark-wj4uc ปีที่แล้ว

    Thank you gracias

  • @bevs6534
    @bevs6534 2 ปีที่แล้ว

    Thank you Elena, How was your closing process? besides the notary & the real estate agent did you have anyone else, present?

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว +1

      You are welcome @BevS yes, we had the developer and lawyers present as well.

    • @bevs6534
      @bevs6534 2 ปีที่แล้ว +1

      @@ElenaNevza Do you have any recommendations on lawyers? We close on a condo property this month :). The notary, real estate agents will be present but I feel like we need a lawyer too especially because of the language barrier.

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว

      Hi @BevS please email me, elenanevza@gmail.com

  • @plant-basedmd8155
    @plant-basedmd8155 2 ปีที่แล้ว +1

    Any good deals in the south areas like conchas chinas or even further?

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว

      I don’t usually go out that way much, but will be checking some options there this week hopefully! There are always deals to be found 😉

  • @SuperFlatrock
    @SuperFlatrock ปีที่แล้ว

    HOA fees have doubled since 2019 in most of Florida, notably in retirement areas. Same thing could easily happen in Mexico since construction materials have increased everywhere. This high peso might have shielded Mexicans from price increases.

    • @ElenaNevza
      @ElenaNevza  ปีที่แล้ว

      Economic factors at play here for sure. Think of it as $ is loosing value not prices increasing.

  • @gracesimeon4593
    @gracesimeon4593 2 ปีที่แล้ว

    Great infos!

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว

      Thank you Grace!

  • @jacenwilliams3633
    @jacenwilliams3633 ปีที่แล้ว

    Hi! Can I use my realtor in the U.S. that speaks Spanish as my representative or do I have to use a realtor in Mexico? Thanks!

    • @ElenaNevza
      @ElenaNevza  ปีที่แล้ว

      I would only recommend using a realtor who actually knows the market and customs/laws here and is familiar with contracts, developers etc. Good luck.

  • @jimh224
    @jimh224 ปีที่แล้ว

    what do you recommend for condo insurance? I am looking at using a company in Puerto Vallarta called Guardian. Are you familiar with them.

    • @ElenaNevza
      @ElenaNevza  ปีที่แล้ว +1

      Best way is to see what others say about them. I personally use Novamar.

  • @alekseibazanov3070
    @alekseibazanov3070 ปีที่แล้ว +1

    Hm did you have chicken around 😅

  • @hamdiahmed9131
    @hamdiahmed9131 ปีที่แล้ว

    How much

  • @ralphramirez1979
    @ralphramirez1979 2 ปีที่แล้ว

    Read the fine print. Hire a lawyer. Prices subject to change. Non- refundable deposit.

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว

      Yes, definitely read the contract and have a great team by your side.

  • @aletabaldwin3027
    @aletabaldwin3027 2 ปีที่แล้ว

    Elena. I want to send money for a rental in the Quadrant from an agent in Bucerias. He is based in Puerto Vallarta. Want to make sure he is legit. How can I check him out? Name is Francisco de Asis Carlos Vidal Pina. I met him last month and he showed us the condo in the Quadrant.

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว

      Hi Aleta, unfortunately there is no way I know of how you could check that without being here and trusting the agent / agency. Is the agent with an agency? Are they reputable? those are questions I would ask and even then, I would check the contract etc. Good luck!

  • @CandycaneBeyond
    @CandycaneBeyond 2 ปีที่แล้ว +1

    Wow, so there are Canadian Karen's?

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว

      Yes Candece! Its in Bucerias right on the beach and it’s beautiful, great food!

    • @sfrentals4769
      @sfrentals4769 2 ปีที่แล้ว +1

      LOL, I think she means something else…”Karen’s” referring to the drama queens in your HOA ;)
      At any rate I appreciate your ernest info in your videos (and positive bubbly personality). We’re toying with the idea of buying in bucerias a 2nd home. I’ll reach out before we visit bucerias again (early 2023). FYI I actively invest in RE in San Francisco, so it’s interesting comparing and contrasting the experiences to Mexico. Cheers!

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว

      Ahh lol, re: Karen’s, well there definitely are variety of personalities. Great, thanks for watching @SF Rentals! Good luck with your search 😀

  • @joesegura2076
    @joesegura2076 2 ปีที่แล้ว +1

    NOPE????

    • @ElenaNevza
      @ElenaNevza  2 ปีที่แล้ว

      What do you mean Joe? 😀

    • @joesegura2076
      @joesegura2076 2 ปีที่แล้ว

      @@ElenaNevza i feel like they keep coming up with more ways to make up for the discount price? if the condo was already fully ready and you bought it at full price would there be any suprises?