Buying Pre-Construction in Puerto Vallarta
Pros
- Opportunity for instant equity upon project completion.
- Lower purchase price compared to similar completed properties.
- Potential for customization if purchased early in the process.
- Flexible financing: 30% down with staged payments during construction.
- Brand-new unit with new systems and warranties.
- Developers must fix structural or mechanical defects within the first year.
Cons
- Typical delivery time is 2+ years from groundbreaking.
- Delays of 6 months or more are common—often with no penalty to the developer.
- Payments are made directly to the developer's bank account and are often used for ongoing construction.
- Potential delays due to permitting, code issues, or supply chain disruptions.
- Deed delivery and registration can take 1–3 years after unit delivery, delaying resale eligibility.