Building Your Dream Home in Banderas Bay
Building a home built to your preferences and specifications in Puerto Vallarta or Riviera Nayarit is the perfect way to make that dream become a reality. And Luxury Beach can help you through the process of finding the ideal piece of property for your home in Banderas Bay.
For foreigners, purchasing land in Mexico is a slightly different process than buying property in their home country. Firstly, all real estate transactions here go through a notary, which in Mexico is the highest legal authority for home or property contract law. Your notary will facilitate all contracts and agreements needed for you to feel confident about your purchase and the average closing time will be approximately 1 month.
Foreigners will need to enter into a fideicomiso with a bank to own property in Mexico, which is essentially a bank trust that allows non-citizens to hold the title on Mexican land. The fee for the fideicomiso is a percentage based on the land value and there is a small yearly charge for maintaining the bank trust. However, the purchaser’s name will be on the property deed and they will maintain full control over the property.
A local architect will help you with designing the plans for your home and offer their services at rates that most foreigners will find very affordable. Your architect will also attend to securing all permits that are necessary for building on your property and can function as an overseer for your contractor and advise you on issues like insurance for builders that are working on your construction.
At Luxury Beach, we can assist you with finding lots for sale in Banderas Bay that will be wonderful location for your dream home in Mexico as well as support you in the process of finding notaries, banks and architects to help make building your vacation home in Puerto Vallarta or Riviera Nayarit a secure, fast and easy undertaking.