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WHY NOT CONSIDER BUILDING IN LOS CABOS?
Over the years there have been many horror stories about the construction experience in Mexico. Projects began and sat there half finished for years. Materials were delivered to construction sites and disappeared. Time and cost overruns were the norm. Builders disappeared and so did funds. These horror stories have caused many buyers to think twice about buying a lot and building their dream home. Fortunately these conditions have changed dramatically in recent years. Buyers are now able to select from a variety of reputable builders and have their homes completed on time, on budget and to quality standards equal to the best in the states. There are numerous benefits to buying the lot of your choice and building.
In Los Cabos there are building sites with views and settings unequalled elsewhere in the world. Where else can you enjoy sunrises, moonrises and fabulous sunsets over the Sea of Cortez? Watch whales and dolphins playing from your patio? Listen to the surf and smell fresh caught Dorado broiling on the BBQ. The offerings of such spectacular properties are truly unique to the developments of Los Cabos. The experienced, competent real estate professionals of Prudential Cabo Gold will be pleased to show you some of these fabulous properties.
When considering the purchase of a building site it may be helpful to ask your real estate agent to invite two or three different architect/builders to the lot to discuss your building ideas and to listen to their suggestions. They will often have ideas that you hadn’t considered. This too is a way to get to know the builders with whom you will be working. At the same time they will be happy to show you homes that they have completed and provide you with a list of satisfied clients so that you may check references. Once you have closed on the purchase of the lot of your choice some architect/builders will go so far as to create a preliminary design concept for your home at no cost.
The greatest value in lots is often realized in first time offerings from developers. There are often significant pre construction discounts. It is important to be sure that the infrastructure is in place and that the developers are not counting on sales to finance the infrastructure. That can be risky.
Once an architect has been selected, plans and cost estimates will be prepared. Most builders will prepare a construction calendar that provides for progress payments as each phase of the work is completed. The buyer need not be present during the construction process. Architects are in constant communication with their clients through email. With the digital camera and virtual tours they can email photos of completed work and discuss details, colors and change orders. It usually takes 8 months to a year to complete a home. Building costs for top of the line construction are in the area of $170 per square foot. That price applies to the under roof portion of the home but includes too all major appliances, swimming pool, patios, terraces, decks and basic landscaping.
There are two other very important benefits of building your own home. First it is the only way you can get your dream home exactly the way you want it. Also the return on your investment is typically much higher. It is not uncommon to realize a 30% to 40% return on your investment when your home is complete.
Taking all this into account it is certainly worth considering the building option for your dream home in Los Cabos.
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