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Foreclosed Homes

Playa Del Carmen Condos Benefit From Fifth Avenue Investment

The Mexico condo market in beachfront tourism areas are heavily dependent on that industry, and can benefit greatly from tourism focused investment, in terms of lifestyle, property value, and rental income. Playa del Carmen is no exception.
This is why it’s of great importance for Playa del Carmen condo buyers that the city is currently planning heavy investment into Fifth Avenue, the main downtown tourist street, forming the heart of the area’s lifestyle.
The new project will focus on maintenance and ongoing development of the street’s image, with a budget of about 1.5 million USD for this year, and is expected to increase significantly in December, for 2011.
Fifth Avenue is a pedestrian street which runs parallel to the beachfront, and is host to many features which draw tourists to this area; small, boutique hotels, fine international dining ranging from elegant takes on Mayan traditions to beautiful pasta bars, live music, ice-cream shops, pizzerias, jewelry and clothing stores, and much more.
The investment will cover the original stretch of the the downtown road, running from First St. South (where the street begins at an elegant outdoor plaza and a beachfront park) to Constituyentes Ave. Beyond this begins the newer, Italian section of the street.
A large number of the condos bought by expats are within walking distance of this street; the more expensive ones are in the one-block space between Fifth Ave. and the beach, and many other in just about all price ranges are 4-5 blocks back from Fifth, still within short walking distance both to this tourist street and to the beach.
Whether within walking distance or not, the street is a sort of social hub for the area, and most people make their way down to enjoy drinks in comfortable patio cafes and events such as the weekly art-walk or annual beachfront jazz festival. This is just as true for Mexico homes in outlying areas, not directly downtown.
The project, which was authorized in late September, 2010, aims to continue developing the image of Fifth Avenue through improved lighting and an increased number of benches to make the walks even more relaxing.
A related project includes building a new beachfront access with parking in an up-and-coming area of Fifth Avenue further north, at 88th St. The funds for the project are being provided by both the state and federal governments.
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Land For Sale

You Are Sure To Benefit By Reading These Tips

Like most things in life, before you attempt to do something, you need to be educated about it, and that pertains to real estate buying too. Knowledge will empower you to make choices that help your family and you for years to come. The following advice will help you buy real estate without getting into problems.

Be moderate in your real estate negotiations. Oftentimes, people err on the side of aggressiveness in order to try to establish the most favorable transaction on their part. However, this technique frequently backfires on them. You can have a firm idea of what you want to pay, but let the Realtor and lawyers have some leeway.

Look for a new home that has enough room if you plan on starting a family or already have children. Don’t neglect safety issues as well, especially if there is a swimming pool or stairs in the home you’re considering buying. If children have been raised in this house, it should be safe.

A house that needs a lot of improving and updates will be a little cheaper. This allows you to save money up-front, and work on the house at your own rate over an extended period of time. You will be able to design a home that you want to live in, and build equity with every improvement that you make. So always consider a home’s potential, rather than just focusing on the negatives that you can see. A little fix up work can transform an ugly facade into your dream home!

If a seller refuses your offer, try to make compromises and negotiate with them. The seller might be willing to do some repairs or cover the closing costs, in order to make the sale possible.

Always have extra funds for unexpected costs when buying a property. This normally includes down payments, bank fees, and pro-rated tax. Most the the time closing costs have additional items like improvement bonds, school taxes and other things that relate directly to that particular area.

If you want to purchase real estate for investment purposes, the likelihood of performing remodel and repair work is high. Watching the value of your property go up is an immediate investment return. The increase in value can sometimes be substantially more than your investment.

Right now is an opportune time to start investing in real estate. The market crashed, and prices as well as interest rates are extremely low right now. That means that it’s the perfect time to make that move into the affordable home of your dreams. Eventually, the housing market will rise, and you could even profit from your investment.

When you are trying to find a property broker, have some questions planned for them. Ask all of the important questions, like how many houses they have helped to sell this last year, and what is the number of homes they sold that are in the area you are looking at? A reputable agent will definitely be able to answer all questions you have.

That fact that you wanted to learn more about real estate is brilliant. An agent can be helpful, but you should also rely on your judgment. You can now decide confidently when making real estate decisions having taken the time to read this article.…