Dream Guide

SAN FELIPE DEVELOPMENT TOURS DREAM GUIDE


We provide this dream guide to help you make it a little easier to decide exactly which property is perfect for you and your family to make your dream home a reality. There are a lot of questions here but it is meant to be a fun time saver for you and not an inconvenience. It will help you to more easily identify what you want in a second home, vacation home, or retirement home. 

When you are investing this much money in your future, you don’t want to settle for less if you don’t have to. We find that a lot of people will fall in love with a certain view or property and buy it without taking the time to truly figure out what it is they really want. These questions might help with some things you haven’t really thought about so you won’t have the “I wishes” later.

1) Is beach front what you want?
a) Yes_____   b) No_____
if yes, is it the only thing that you want or willing to accept? Y____ N____
Beach front lots in San Felipe cost between $285,000 and
$550,000, just for the lot, with the average being in the majority being in the $400,000’s. With the cost of building being roughly $85 - $100 a square foot, a 2000 square foot house on the beach is going to cost you approximately $485,000 to over a million dollars. The least expensive resale home on the beach in San Felipe at this time is $800,000.

2) If you don’t have to live ON the beach, what is more important? It helps to put a number here from most important to least important.
a) living by the beach (within 25 yds)  _____50 yds  _____100 yds  
_____500 yds______
b) having a sea view_____
c) having a mountain view_____
d) having both sea and mountain views_____
e) view isn’t important_____
f) want to experience living more with the locals (in town)_____
g) living more in the desert_____

3) Do you want to live in a gated, community Y_____N_____

4) Do you want a community with 24 hour security Y_____N_____

5) Most communities are going to have an Home Owners Association with CC&R’s. Most HOA’s in Mexico are not as strict as in the states. They are mostly in place to help protect the value of your property and protect the views. Is this OK?
Y_____  N_____
Definitely don’t want to live in an HOA______

6) Would you prefer a house or condo?
a) House
b) Condo
c) either one would be fine

7) Are you looking for a development that provides?
a) Lot (where you can build your dream home the way you want it)______
b) Home and lot package (using builders models or designs)________
c) Condo_____
d) Not sure_____   Doesn’t matter_______

8) Is this property going to be a?
a) Vacation home_____
b) Second home_____
c) Retirement home_____
d) Investment property_____
e) Rental property_____
or combination of ___ ____ ____ ____ ____

9) What size home do you want to have?
a) 1200-1500 sq ft ______
b) 1500-2000 sq ft ______
c) 2000-2500 sq ft ______
d) 2500-3000 sq ft ______
e) 3000-4000 sq ft ______
f) 4000 sq ft + ______

10) What size lot are you looking for?___________

11) Do you want a?
a) 1 story_____
b) 2 story_____
c) 3 story_____

12) Some communities offer zero lot lines. That means your house will be built right next to the home next door. It does not mean you have a common wall. Walls are separate. Is this ok?
a) Y______
b) N______
c) Doesn’t matter_____

13) If building a house, what is the maximum price you want to spend on a lot?
a) $40,000-$50,000_____
b) $50,000-$75.000_____
c) $75,000-$100,000_____
d) $100,000-$150,000_____
e) $150,000-$200,000_____
f) $200,000-$300,000_____
g) $300,000-$400,000_____
h) $400,000-$500,000_____
i) $500,000+_____

14) What is the total amount you want to invest in your property – whether it is a house or condo (including lot price)?
a) $50,000-$100,000____
b) $100,000-$150,000____
c) $150,000- $250,000____
d) $250,000-$400,000____
e) $400,000-$600,000____
f) $600,000-$800,000____
g) $800,000-$1,000,000____
h) $1,000-$1,500,000____

15) If you are going to build, what timeframe are you looking at to start?
a) Immediately_____
b) within 6 months______
c) 6 months to a year_____
d) 1 to 2 years_______
e) 2-4 years_______
f) Not sure________
g) Don’t want to have to build if we don’t want______

15) Architectural Styles vary here. What is the style you would like to have?
Once again it helps to put a number in here from most to least favorite.
a) Mediterranean_____
b) Santa Fe_____
c) Traditional Mexican Hacienda_____
d) Contemporary_____
e) Not that important_____

16) Minimum amount of bedrooms?
a) 1_____
b) 2_____
c) 3_____
d) 4_____
e) 5+_____

17) Maximum amount of bedrooms?
a) 1_____
b) 2_____
c) 3_____
d) 4_____
e) doesn’t matter______

18) Number of baths?
a) 1_____
b) 2_____
c) 3_____
d) 4_____
e) each bedroom has to have it’s own bath_____

19) Are you looking for financing from the developer or do you plan to pay cash? Please keep in mind that the majority of developers in Mexico require a minimum down payment of 30%. Financing rates can vary a great deal.
a) Finance______
b) Cash_______
c) Cash for the lot and then construction loan for the home_______
d) Need to finance both______

*It is important to note that closing costs on a home or condo that is already built can vary from 7% - 10% of the purchase price. It is important to figure this in to your budget. If you purchase a lot and then build, you are only paying the closing costs on your lot which can save tens of thousands of dollars. For instance; if you buy a lot for $100,000 your closing costs including bank trust can be around $4,000 and then if you build a house you already have the trust in place. If you buy a house already built for $350,000, you can expect to pay around $30,000 for closing costs.
For a breakdown of why, please see the estimated closing costs sheet. The great news is that property tax is only going to be about $350 a year on that home. Even though the task of building in Mexico can seem daunting, the value you receive vs. a re-sale is a huge difference.

20) Amenities are very important to lifestyle. Here is a list to match your priorities to the different communities.

Beach – not willing to live without_____it would be nice but we can live without_________Don’t want_________Don’t care_______

Heated Pool – not willing to live without_____it would be nice but we can live without_________Don’t want_________Don’t care_______

Indoor Pool – not willing to live without_____it would be nice but we can live without_________Don’t want_________Don’t care_______

Jaccuzi’s – not willing to live without_____it would be nice but we can live without_________Don’t want_________Don’t care_______

Tennis Courts – not willing to live without_____it would be nice but we can live without_________Don’t want_________Don’t care_______

Basketball Court – not willing to live without_____it would be nice but we can live without_________Don’t want_________Don’t care_______

Gated with 24 hour security – not willing to live without_____it would be nice but we can live without_________Don’t want_________Don’t care_______

Fitness Center – not willing to live without_____it would be nice but we can live without_________Don’t want_________Don’t care_______

Health Spa – not willing to live without_____it would be nice but we can live without_________Don’t want_________Don’t care_______

Community Center – not willing to live without_____it would be nice but we can live without_________Don’t want_________Don’t care_______

Games such as pool or ping pong – not willing to live without_____it would be nice but we can live without_________Don’t want_________Don’t care_______

Onsite Store – not willing to live without_____it would be nice but we can live without_________Don’t want_________Don’t care_______

Onsite Restaurant – not willing to live without_____it would be nice but we can live without_________Don’t want_________Don’t care_______

Kids Playground – not willing to live without_____it would be nice but we can live without_________Don’t want_________Don’t care_______

Seniors Only Community – not willing to live without_____it would be nice but we can live without_________Don’t want_________Don’t care_______

Lakes or water features – not willing to live without_____it would be nice but we can live without_________Don’t want_________Don’t care_______

Golf course – not willing to live without_____it would be nice but we can live without_________Don’t want_________Don’t care_______

Golf practice facilities – like mini golf (not minature)– not willing to live without_____it would be nice but we can live without_________Don’t want_________Don’t care_______

Shuffleboard – not willing to live without_____it would be nice but we can live without_________Don’t want_________Don’t care_______

Marina onsite – not willing to live without_____it would be nice but we can live without_________Don’t want_________Don’t care_______

RV Storage – not willing to live without_____it would be nice but we can live without_________Don’t want_________Don’t care_______

Business Center – not willing to live without_____it would be nice but we can live without_________Don’t want_________Don’t care_______

Conference facilities – not willing to live without_____it would be nice but we can live without_________Don’t want_________Don’t care_______

Shops or boutiques onsite – not willing to live without_____it would be nice but we can live without_________Don’t want_________Don’t care_______

Bowling alley – not willing to live without_____it would be nice but we can live without_________Don’t want_________Don’t care_______

Movie theater – not willing to live without_____it would be nice but we can live without_________Don’t want_________Don’t care_______

Equestrian Facilities – not willing to live without_____it would be nice but we can live without_________Don’t want_________Don’t care_______

Jogging, walking and bike trails – not willing to live without_____it would be nice but we can live without_________Don’t want_________Don’t care_______


Other ___________________________________

Other ___________________________________

Do you want to be in a community that has paved roads?
a) Y_____
b) N_____
c) Doesn’t matter______

Some communities have central sewer and some have septic. Does this matter?
a) Doesn’t matter which one_____
b) Must be sewer______
c) Must be septic______