Main Content

Home » Puert Vallarta Real Estate

Puert Vallarta Real Estate

Vallarta Welcomes Amazon, Sort Of

Amazon: We’d love to write about the river in South America but today we’re telling you about the company that sells everything! They recently opened a facility in Mexico and so far, reports from customers in Puerto Vallarta are very posit...

Read more

Vallarta & Feast Of The Holy Innocents

Fools’ Day in Puerto Vallarta: Be careful what you read in the news or see on the television in Puerto Vallarta on December 28th; it’s Fool’s Day in Mexico. Though we have comparable days north of the border, the Day of Innocents can see...

Read more

The Three Kings In Vallarta

Kings and Hidden Babies: Christmas isn’t over in Mexico until January 6th; Epiphany in Christian/Catholic circles, and another day to celebrate, eat, and drink. In Puerto Vallarta, you will find specials in restaurants, mounds of circular br...

Read more

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...

Read more

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...

Read more

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...

Read more

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

    Read more

    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...

    Read more

    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...

    Read more

    100% Pure Honey In Puerto Vallarta

    Honey in Puerto Vallarta: There’s some good honey to be found in Puerto Vallarta. Vendors at the Farmer’s Markets have abundant supplies of the real stuff. We love it and couldn’t have our tea without it. However, it’s good to know that...

    Read more

    Road Assistance Has A Color In Vallarta, Green

    Angels on the Road to Puerto Vallarta: Snowbirds are returning to Mexico this time of year and many will be on the path to Puerto Vallarta. Expats who live here during the winter and early spring come from all over the United States and Canada....

    Read more

    What’s The Most Iconic Place In Vallarta?

    The Pier and Puerto Vallarta: Periodically we see photos and old posts of the pier that was replaced by the current modern and highly designed wharf where boats continue to come and go, as they did in more humble times. Some say they like the...

    Read more