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Restoring and Remodeling Colonial Buildings in Merida

Posted on September 30, 2012 by Yury Diana Di Pasquale in City Life


A recent study by two Mexican architects came to the conclusion that Mérida is a perfect place to invest in old colonial buildings and that investors are beginning to see the value in Mérida’s downtown area.

“Purchase and remodel a colonial in a rundown (but not out!) neighborhood and you will not only raise the value of that property, but the value of all of the properties in the neighborhood – for a nominal initial investment. Wait and purchase a property in need of renovation that is located in a colonial neighborhood in which most of the other properties have already been remodeled and you will pay a premium for both your property and for any remodeling you undertake. In the first scenario, you will likely get more land and building for your money, with the same amount of investment in materials and labor. In the second scenario, your higher investment may pay off sooner if you are in an established and acceptable-to-expats-and-tourists neighborhood. Which do you choose?”


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