Real Estate Playa del Carmen: Pros and Cons of Buying a Preconstruction Condo
Are you searching for a suitable condo in Playa del Carmen? When choosing a real estate Playa del Carmen like a condo, you need to decide first whether to purchase a resale, a new or a pre-construction unit.
Although each option has its pros and cons, here you will learn the main benefits and drawbacks of buying a pre-constructed condo.
THE ADVANTAGES
1. Good selection of communities - in Playa del Carmen, you can find a good selection of new communities – beachfront communities, golf course communities or typical communities with wide grass areas and bike trails. Many condominium real estate Playa del Carmen have this type of area.
2. Negotiation – even if the property is new, the best part with buying a pre-constructed condo is that you can negotiate the price. In some cases, the price can be negotiable but in many instances, the extra features are matters for bargaining.
3. Discounts – despite the competitive pricing, condo units under construction are usually offered with a series of discounts for eager early buyers. Make sure you ask your real estate agent regarding pre-construction discounts to enjoy excellent savings and investment opportunities.
4. Financing Opportunities – financing is often available on pre-construction sales. In this deal, bank financing is rarely available and so, some real estate Playa del Carmen developers are offering financing options on their own.
5. Accessible prices – the real estate market in Playa del Carmen is competitive, and the new communities being put up are priced reasonably to achieve competitive edge over other more established communities. Because prices here are already low, such purchase may blow you as a buyer when it comes to pricing.
THE DISADVANTAGES
1. Time of delivery – from the term itself – preconstruction, you have to expect that these units are being offered prior to 100% completion of the building. When we say 100%, it means that even though it seems that the unit is complete, it will not be delivered until the complex reached a reasonably advanced level of completion, which indicates a waiting period.
2. Lack of nearby services – those who buy the newest community should expect not too many services yet. However, services will appear later on but for the meantime, condo owners may need to be content driving to have grocery shopping for instance.
For first-time buyers, it is better to talk to your real estate Playa del Carmen agent to help you decide if buying a pre-construction condo unit makes a better choice.