Dedicated to providing you with credible information about living overseas
Best Places In The World To Retire Community Questions and Answers about living and retiring abroad

Questions & Answers

Q & A Menu Q & A BY TOPIC
To navigate, use menu bar to the left
Ron Morgan of Ron Morgan Properties – Best Places In The World To Retire User Account
One level villa, Puerto Vallarta, Mexico – Best Places In The World To Retire – International LivingYou could buy a nice, new, average, but small house in Puerto Vallarta for $150,000. You can buy one that's very large for $6 million. This is all within a very small area and not sectioned off into different parts of town. These properties are within a five-mile radius of this office. You've got diversity in construction.
 
The average price for a condo in Puerto Vallarta is around $250,000. The average price for a house is probably in that same category.
 
For a $250,000 condo, you can get one that's 10 to 20 years old, about 2,000 square feet, and could possibly need some updating; or you can get a brand new condo that's about 1,100 square feet, but has an elevator and security service. The newer buildings are ADA-approved buildings that people could get in and out of easily. Some of the older buildings have a lot of steps and no elevators. You have an assortment of properties within the various areas in Puerto Vallarta. Many people prefer the older buildings because they feel like these are more Mexican. 
 
Some of the newer $250,000 houses are garden-style homes with three bedrooms, two-and-a-half baths, feel very contemporary, and have a very clean line look. A few traditional houses are trimmed in brick or Cantera stone and are quite often two stories. These houses are usually on a zero lot line or have common walls. 
 
(One level villa, Puerto Vallarta, Mexico, pictured.)
 
You don't find many houses built on lots with big lawns. The cost will bump to $500,000 to $600,000 for a large house on a lot size of 1,000 square meters (about a quarter of an acre) like what we would have in the States.
Sheryl Novak of SOLutions Mexico Furniture Store – Best Places In The World To Retire User Account
Dining room in Puerto Vallarta, Mexico – Best Places In The World To Retire – International LivingOnce you find your dream home in Vallarta Nayarit, the next step is how to finance it. 
 
We often hear people say: some day when we retire, or some day when I win the lottery, or some day when the kids are grown.  They are thinking about how they can cash out from their home and investments in Canada or US to finance a home in Mexico.  A better way is to consider right now to use the equity in your Canadian or American home as leverage for a line or credit or reverse mortgage to buy the property in Vallarta Nayarit.  
 
With interest rates so low, this is often the best way to finance your property.  And, especially if you are planning to use your Mexican home for only a few weeks a year for the next few years, the rental income more than not will offset the cost of the interest on the borrowed money, all operating costs, taxes, etc.  In fact, you will most likely see a positive cash flow after only 2 months of rental per year!
 
Dont put off buying that property - now might just be the best time to buy.  Before the market turns to a sellers market!   
 
(Dining room in Puerto Vallarta, Mexico, pictured.)
Paul Mayer of Vallarta Food Tours – Best Places In The World To Retire User Account
Condos by the lighthouse, Puerto Vallarta, Mexico – Best Places In The World To Retire – International LivingThe interesting thing about Puerto Vallarta is that you can either rent or own some very inexpensive places but you can still be in an okay area. The cost of a home, condo, or apartment is all over the range for almost every budget. In a hot zone, like the Old Town / Romantic Zone area, an older two-bedroom will cost you US $200,000 to $250,000. A newer condo costs $300,000. 
 
If you go to the 5 de Diciembre  area, a little north of downtown, which is more of a working class area, you could buy something there for $100,000 and be two or three blocks from the beach. It is affordable but it is not in some run down area where you will be afraid of walking down the street. It’s not a bad area at all and it’s only about three blocks from the beach and two or three blocks from the boardwalk so it’s still pretty safe. There was a condo that my wife and I lived in about 2 years ago which was nice, with two bedrooms and two baths and a balcony with an ocean view. Right now, it is for sale for $154,000. 
 
Here in Puerto Vallarta, real estate prices are all over. You can buy something for $100,000 up to several million, so there is something for everybody here.
 
(Condos by the lighthouse, Puerto Vallarta, Mexico, pictured.)
Carl Timothy of Timothy Real Estate Group – Best Places In The World To Retire User Account
Condo overlooking the beach, Puerto Vallarta, Mexico – Best Places In The World To Retire – International LivingThe average price of condominium in Puerto Vallarta is US $250,000. That would get you from 1,600 to 2,000 square feet, 2 bedrooms, 2 baths, brand new granite countertops, marble floors, common areas with a swimming pool, maybe a rooftop terrace on top of your building with a lounge and a gym.
 
Rooftop terraces have really become popular with condominium buildings because it’s a place where you can go and watch the sunset, with an infinity pool on the terrace.  (There is some really sexy, really beautiful design work that’s happening in the condominium sector for common areas here in Puerto Vallarta.) For that price, you can get elevator access right to your door.
 
If you want to jump up to the $400,000 to $500,000 range, you can get some really nice, beautiful and spacious properties. If you’re going to spend about $250,000, sometimes it’s not that easy to get a panoramic ocean view, but if you jump up to the $350,000 to $400,000 range, it’s easy to get an incredible view of the entire bay, and you get a bigger place.
 
Condos are the most popular part of the market right now.  To get a house in the $250,000 range it wouldn’t be in town in the tourist area, but they are certainly available.   
 
(Condo overlooking the bay, Puerto Vallarta, Mexico, pictured.)
Armando Contreras of Galvan Real Estate and Services – Best Places In The World To Retire User Account
Two- bedroom home,  – Best Places In The World To Retire – International LivingThe prices of real estate here in Puerto Vallarta differs depending on the house’s location, age of the property, and the utilities. A basic three-bedroom, two-bathroom, 2,500 square foot house, in a safe neighborhood in Puerto Vallarta proper away from the beach would start at around $250,000. The same house in Lo de Marcos (a small town on the beach about an hour north of Puerto Vallarta) would start at around $150,000.
 
As an example, one of the houses that I just sold recently in Lo de Marcos has a lot area of about a third of an acre. The house is 2,600 square foot with three bedrooms, three bathrooms and it costs $179,000. It is located four blocks away from the beach in a safe area. If you buy the same house in Punta de Mita (a high end area between Puerto Vallarta and Lo de Marcos), it would cost around $300,000. 
 
Generally, you can find anything that you want here in Puerto Vallarta and surrounding areas. There is a huge variety of real estate here from the basic houses in town all the way to the luxury $20-million villas.
 
(Offered at $105, 000, Casita Estrella is a two- bedroom home in the gated  community of Lo de Marcos,  near Puerto Vallarta, Mexico, pictured.) 

Go Here Next

Go Here Next

 
Best Places In The World To Retire Expat Stories contains text, video, and photos by people just like you who are already living abroadUse the menu on this page to go to categories of Stories.
Best Places In The World To Retire Community Questions and Answers about living and retiring abroadUse the menu on this page to go to other categories of questions.
The Best Places In The World To Retire Location Advisor makes personalized recommendations for where to live and retire overseasGet matched to your ideal location to live abroad.
Best Places In The World To Retire Community Questions and Answers about living and retiring abroadAnswers about living, working or visiting abroad.
Best Places In The World To Retire Expat Stories contains text, video, and photos by people just like you who are already living abroadStories by expats & others about their life aborad.
Best Places In The World To Retire - MarketplaceFind for profit, non-profit and religious organizations.
 

If you're interested in Price of a Home, Condo, or Apartment in other places, look here...

Go Here Next

 
Best Places In The World To Retire Expat Stories contains text, video, and photos by people just like you who are already living abroadUse the menu on this page to go to categories of Stories.
Best Places In The World To Retire Community Questions and Answers about living and retiring abroadUse the menu on this page to go to other categories of questions.
The Best Places In The World To Retire Location Advisor makes personalized recommendations for where to live and retire overseasGet matched to your ideal location to live abroad.
Best Places In The World To Retire Community Questions and Answers about living and retiring abroadAnswers about living, working or visiting abroad.
Best Places In The World To Retire Expat Stories contains text, video, and photos by people just like you who are already living abroadStories by expats & others about their life aborad.
Best Places In The World To Retire - MarketplaceFind for profit, non-profit and religious organizations.
 

Our Pledge To You

Best Places will present information from the Community in a transparent way, unedited, except to conform with our Conditions of Use.

You can trust that Best Places does not manipulate content to sell you anything. All opinions in the Community Q & A and Expat Stories are those of its authors, not Best Places.

Get Known To The Community

Those who contribute to the Best Places Community are our heroes! And being a Best Places hero is fast, fun, and easy. Just go to Questions & Answers, find your first question to answer, click on it, and then click the Contribute Your Answer To This Question Button. If you’d rather enter a Story, go to Expat Stories and click the Contribute Your Story Button".

Contact/Support

Please contact us. We would love to hear from you! Customer Service
Technical Support
Business Development
Suggestions
Press
Phone: (US) 520-940-0481