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More Canadians & Americans are choosing to build their Dream Homes in Tulum Mexico |
| Date Added: April 13, 2009 10:51:46 PM |
| Author: Thomas Lloyd |
| Category: South America: Mexico |
| Many foreigners have the dream of coming to Mexico, buying a piece of land, designing a home built to their tastes, and living their dream along the ocean or on a majestic mountain side....at half of the price it would cost in their home country. �Is this a fairy tale?�� NO, not completely.� Below is a story on how one Canadian couple chose to buy land in Tulum Mexico and are taking on the challenge of constructing their Mexico dream home.� "Many people from my home town said we were crazy, but we surrounded ourselves with qualified help, we did our homework and we discovered great investment return potential in the Tulum real estate market, a project in an ideal neighborhood, and data that helped us make our decision to build versus buy." stated Craig a proud new Canadian owner of land in downtown Tulum, Mexico.� With the current low quantity of services and infrastructure available in this fishing village and projected new jobs coming to the region these factors are catching the attention of many buyers and investors. The number one factor which entices hundreds of Mexican foreigners to purchase land in Tulum is the investment potential of the region.����� In Tulum Mexico, real estate �has been a hot topic, given the quick growth being experienced and with the history of the booming towns of Cancun and Playa del Carmen, odds are that this fishing village will have the same success and demand witnessed in the past 15 years in these two nearby northern neighbors.�� "We did our due diligence, and researched hard on the internet till we found a good, experienced Mexico real estate agent of the area.� With our criteria in hand, the agent led us away from where we had initially started our search in developed and established municipalities up north and he took us to this small village called Tulum"� explained the couple.� Existing condos and home properties in Tulum are still very scarce.� At the same time, there have been increases in the constructions of hotels and resorts along the southern half of the Riviera Maya where Tulum is located.� In the past couple of years, the quantity of hotel rooms in the Riviera Maya surpassed the number of units located in Cancun making this zone one of the highest growth potential areas in the state of Quintana Roo.� A new double lane highway has been under construction and is projected to be completed in the summer of 2009 which will connect Playa del Carmen with their southern neighbor.� "All of these factors gave us the confidence that our investment into Tulum land should create great appreciation returns" added Craig.� The decision of where to choose along the Mexican Caribbean was their first task and led to their second important question; where should I buy land in Tulum?�� As suggested by many experts in purchasing residential properties, a comparison of the neighborhood's pros and cons was prepared and evaluated. �The criteria were jotted out along with reviewing a list of those items the buyers thought would be required to make their lives comfortable and happy while living in Tulum, Mexico.� Craig shared his thought process "We began evaluating the different locations around town ideal for our needs and we ended up investing into a rather large planned community that had an existing building restrictions code.". �Tulum is a new municipality and there still exists many properties with unclear legal deeds.� There have been instances of transfers of physical possession, yet the legal transfers are unable to be completed given the lack of proper transfer rights.� There also exits several projects, where developers have gone through the process to privatize larger sections of land, subdivide, develop the infrastructure, and begin selling the smaller individual parcels.� "I wanted to focus my attention to the designing and the building, I did not want to go in having to worry about my title, I am hundreds of miles away and the last thing I wanted was a legal obstacle, so we decided to purchase a higher priced property compared to other land for sale in Tulum" Although Craig bought within a planned community, many other foreigners have elected to purchase properties in the downtown zone and direct from individual owners.� There are parcels of land with and without structures that are located in the downtown area that already have existing electric and water services.� Other areas in the southern half of town are within the planned zoned areas of the municipality but the area has yet to develop paved roads, no water nor electricity services exists.� A large concentration of foreign buyers has built in this area... |
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