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Dogs and Thunder In Puerto Vallarta

Dogs and Thunder It’s called Strom Phobia and our pup suffers from this horrible affliction here in Puerto Vallarta during rainy season. We always know when a storm is brewing because the pup starts the panting/pacing ritual that prece...

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Gettin A Pedi In Puerto Vallarta

Pedicures: Our feet take a beating in Puerto Vallarta. We have an amazing collection of open toe sandals, from flip flops to fancy huaraches. Sneakers and hiking boots fill the remainder of our assortment of shoes. With toes showing most of t...

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Inpats or Expats in Puerto Vallarta, Which Are You?

A new expression is making the rounds, including in Puerto Vallarta, describing people who choose to live in countries other than those where they were raised, educated and perhaps formerly employed. Inpat. Expat doesn’t always have a ...

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Puerto Vallarta Amigos are Friends

Amigos The concept of friendship is different in Puerto Vallarta than that of the United States and Canada. North Americans might have many friends, through school, fraternal organizations, church, the neighborhood, Facebook. In Mexico, an...

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Solar Energy Has A Hold In Vallarta, Finally

Solar Energy in Puerto Vallarta: Solar energy is not new. It was discovered and developed in 1839. Because coal was available by mining and created a lot of jobs, solar took a back burner to other forms of energy. When science and the general p...

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Puerto Vallarta: Movies Done Right!

Let’s Go to the Movies! We love the movie theaters in Puerto Vallarta! Take into consideration how much we pay for a movie back where most of us come from. Film ticket prices do vary somewhat in Canada and the USA but not by much. An avera...

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When The Termites Come to Vallarta

The first time we witnessed the arrival of The Termites in Puerto Vallarta was at a beach restaurant many years ago. Without as much as a buzz or a hum, a swarm of flying creatures suddenly appeared over our heads, shedding somewhat less than g...

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Christmas Traditions in Puerto Vallarta

https://www.timothyrealestategroup.com/wp-content/uploads/2015/12/tamales-700.jpg There is nothing quite as Mexican as a ritual and when it comes to such, Puerto Vallarta celebrates with joy and earnest. What better time to incorporate Pre-Hi...

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Jogging About Town In Puerto Vallarta

Jogging About Town We shudder when we see joggers in Puerto Vallarta on the highway between town and Mismaloya, sometimes with only inches between them and passing traffic. It’s a dangerous place to run. Most people are looking for solid f...

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Puerto Vallarta: Sports, Pro or Amateur?

Calling Pros and Amateurs! Puerto Vallarta has long had a history of sports, with enthusiasts for baseball, soccer, tennis, and other activities dating back several decades. These traditions are honored when Puerto Vallarta hosts events, whi...

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Residential Mortgages In Mexico

There are a variety of Residential loans available in Mexico and there are some great mortgage brokers available that can help you choose the best option for you. Here are just a few of the options currently offered for foreign residents in Me...

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7 Essential Elements of Your Home Inspection (Beware of #7!)

Home Inspection Elements

A quality home valuation is essential in guaranteeing that your next acquisition is a solid investment. The valuation process begin with the numbers on paper, but in order to justify the numbers, a thorough property inspection (walk through) must be done. If you can correctly evaluate these 7 areas of any structure you will be able to nail your rehab cost, but I know you will miss the final one.

The 7 Elements Essential to Your Inspection

When conducting a walk through, cosmetics should not be the focal point or the deciding factor on how much you will pay for a property. Each house has 7 essential elements that must be meticulously inspected to ensure you minimize overages on the renovation budget. When conducting a walk through these areas should help justify your position:

  • Foundation
  • Roof
  • Plumbing
  • Heating/Cooling
  • Electrical
  • Windows
  • Infestation
  • These elements are what keep the house functioning as designed. I normally refer to a home as having 3 levels: Mind (electrical), Body (foundation/roof), Soul (plumbing/heating/windows), by focusing on these areas will normally save you thousands.

    Related: The Value of Presale Home Inspections for Real Estate Investors

    3 “Levels” of a Home

    Mind– prior to entering the property, check the electrical panel box. Look to see if there is a circuit breaker box or a fuse box, this is very important because fuse boxes normally will not pass inspection in most cities, and insurance companies will not insure the property. Also if the exit strategy for the property is to find a retail buyer a fuse box is not acceptable according to FHA standards, thus limiting the buyer pool. Knob-and-tube wiring in houses that pre-date 1950 will be another source of concern. This form of electrical wiring is dangerous and very expensive to replace. If this type of electrical wiring is throughout the property it will need to be replaced. Many insurance companies will not insure a property with this wiring either. Knob-and-tube wiring is hazardous for 2 reasons: the wiring pre-dates 1950, and the wiring becomes brittle and breaks down which can result in electrical currents not being channeled correctly. In traditional electrical wiring the ground wire will channel that energy but because of the absence of the ground wiring in knob-and-tube wiring the current may cause a fire. Check the electrical circuitry thoroughly during the inspection period. If there are any doubts consult a licensed electrician.

    Body– Structural issues with a property can result in blown timelines. Many times I have witnessed investors not carefully checking the roof or the foundation. As you approach the property, the roof line should be what is being evaluated. Look for turned up or missing shingles, if this is evident be aware that there may be rotted wood or mold within the property. Dealing with a roof that is at the end of its life is very noticeable and if it is addressed immediately can save the budget and the timeline on a project. Foundation problems, on the other hand, can quickly scare any buyer; this is the most feared word when dealing with a rehab. If the resources to fix a damaged foundation are available, then getting deeply discounted properties with this issue will not be a problem. Signs to look for in damaged/faulty foundations: stress cracks in the garage slab, cracks in the walls and around doors and windows,. and doors that do not close properly can be found in properties with foundation problems. Often owners will say “the house is 30 years old the house is just settling,” this may be true but deep cracks mean something more major than settling.

    Soul– the soul is the heart of the home and this is the HVAC and windows. Windows are easily identifiable if replacing is needed. Windows add value to the property in 2 aspects; windows add to the appeal of the property or the lack there of, and the energy efficiency of the property. There is an ancient proverb that says “eyes are the window of the soul.” I like to say windows are the eyes of the house. If the windows are in good condition you can expect to have an efficient property. This is especially important for landlords, and mid-grade to luxury flips. Windows can save landlords money, and make a flipper lots of money.

    The HVAC systems are the lungs of the property, but I encompass this system with the soul. HVAC is important because it coincides with the energy rating and efficiency of the property. Always be aware of the the functionality of the furnace. First, try and find the manufacture date to see how old the unit(s) is. Secondly, see if it was maintained correctly, normally you can find this information by dates of inspection labeled on the units. If this is not visible, pull out the furnace filter, this will give an indication of how the unit were maintained. Following similar steps with the water heater (except checking the filter) is normally a good practice to follow.

    Related: 5 Tips for Installing an HVAC System

    Infestations– Many investors overlook this step because it is not as easily identifiable as the others. This is an issue with properties that are in wooded areas, but it occurs in many residential neighborhoods as well. Infestations can be dormant at the time of inspection, but once demo is underway it can pose serious problems. Infestations can be: mice, rats, raccoon, squirrels, scorpions, bees, roaches, mites, termites, and many others. These hidden critters can be a pain to get rid of but most of all the damage done by these varmints can affect the other main systems of the property. Things to look for when doing the inspection for infestations are: dirt tubes around the base of the property for termites, shredded pieces of paper or droppings in cabinets for mice and rats. Nut shells or borrows in the attic for squirrels and raccoon. With scorpions a different approach is needed; if you are in …read more

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    Sweets in Puerto Vallarta

    Mexico is famous for chocolate, cinnamon (canela) and vanilla; most delicacies consist of one or all three and are often an element of liqueurs and tequilas. Normally we eschew desserts, either due to feeble dietary excuses or the lack of a...

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    December Pilgramage in Puerto Vallarta

    The word peregrination comes from the Latin peregrinari, which means to travel abroad, perhaps long distances and invariably with no other mode of transportation other than walking. In the sense that travelers come from far away and do so on fo...

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    Help Means Jobs In Puerto Vallarta

    Friends who recently moved south for the winter have begun to settle into their new homes and several more are on their way. These people have begun to realize the benefits of south-of-the-border living in Puerto Vallarta and shed the fears...

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    Kids In Puerto Vallarta

    School children in Puerto Vallarta, public and private, from pre-kindergarten to high school graduates are well dressed, tidy, and start each day with nary a hair out of place. They wear crisp uniforms and shoes are shined to a gleam. Regardles...

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