By Joseph Sanchez
President, Rocky Point Home Builders
Each year, many Americans and Canadians decide to make Puerto Peñasco their home away from home by either purchasing an existing home or by purchasing an empty lot in order to build their dream home in the future. Whichever route you pursue, there are important things to consider for each.
Building a New Home
Building a home on a lot that you purchased is great way to get exactly what you want but most people are intimidated by the process and think it’s difficult. Building your dream home in Puerto Peñasco is not a difficult process and there has never been a better time to start construction given the strength of the dollar and the competitive lot prices.
Building a home in Rocky Point Mexico is a big decision that makes most Americans nervous. You need to choose a company you can trust to not steal materials, cut any corners and stay on time with the schedule and most importantly on budget. Make sure the company you choose has a presence and notoriety in the community. Ask for a list of references that you can call to investigate before you sign a contract.
In order to protect yourself during the process you want to contract with a company that holds an American corporation in the United States. This is important because if there is ever a disagreement or breach of contract you would have the ability to take legal recourse in the United States versus Mexico.
A typical home build is in the six-figure range so you want to protect that money by working with a company that utilizes a 3rd party American escrow bank accounts that are responsible for the distribution of funds per your contract agreement to the construction company.
Purchasing an Existing Home
Purchasing an existing home has many benefits as well but one thing to consider is having a renovation budget set aside to upgrade the home to modern standards. Many of the existing homes for sale can be 15 years or older depending on the location so you will want to consider upgrading some things such as the electric, plumbing, installing a new kitchen, bathroom, maintenance repairs etc.,
Renovating a home is serious business so you must have a plan that helps to accurately quote the project and to determine the steps for completion. When I say the word, “plan” I mean an engineered drawing or blue print, depending on the scope of work that will guide your contractor from start to completion. Choose a company that has design services so you benefit from single source responsibility and can see the results before you begin work. Not all projects require a design but if you are adding an addition or renovating a bathroom or kitchen for example, we encourage you to spend a little extra money on a design. You will make up that money saving on materials, time and eliminating any costly mistakes.
When it comes to making major renovations to your home you will want to ensure you are hiring a reputable company that follows all Federal labor laws, who acquires all necessary permits and knows and understands any HOA rules and regulations. Most Americans do not realize this but Mexico is highly protective of worker’s rights and medical wellness and it’s the hiring company’s responsibility to ensure those rights are respected. If you hire a company that does not follow the labor laws and a worker gets hurt on your job you are liable for their medical bills and you can be fined.
About the author: Joseph Sanchez is president of Rocky Point Home Builders a design/build contractor specializing in custom home design, construction and renovations. He resides here in Puerto Peñasco with his wife and two children and is originally from Chicago. For more information email him at sales@rockypointhomebuilders.com