MEET MITCH
Mitchell Vaughan: Real Estate Agent & Amateur Golfer
I’m a Puerto Vallarta–based real estate agent helping people escape cold winters and find their perfect home in the Bay of Banderas. When I’m not matching clients with great properties, you’ll find me golfing, hiking, or exploring the incredible nature that surrounds our coastline. Even after years here, it still hasn’t worn off: living in this paradise feels just as amazing as the day I arrived.
Adding Value to a Home or Condo: Why Finishing It Yourself Can Pay Off
One of the most overlooked opportunities in Puerto Vallarta’s condo market is buying a property that isn’t “finished” yet; meaning it comes without a kitchen, bathrooms, or built-in closets.
A lot of buyers immediately dismiss these units, thinking it’s too much hassle. But here’s the truth: finishing it yourself can be one of the fastest ways to add value and build equity from day one.
Why This Works
You control the budget – Developers often add standard kitchens and bathrooms at a markup. Doing it yourself lets you choose where to spend and where to save.
You control the quality – Pick materials and finishes that last, instead of the “builder basic” options that need replacing in a few years.
You control the design – Create a space that fits your style, lifestyle, and resale strategy.
You force appreciation – Adding a well-designed kitchen and bathrooms can significantly raise the market value. In many cases, the increase in value outpaces the actual cost of the improvements.
How Much Value Do Kitchens & Bathrooms Add?
While exact numbers vary by property and location, here in PV:
A quality kitchen can add 10–15% to the property’s value
Upgraded bathrooms can add another 5–10%
Well-designed closets and storage can make a unit far more desirable to future buyers or renters
When you combine these, a smartly finished unit can end up worth 20% or more above what you paid, especially in areas where comparable finished units are priced higher.
Bottom Line
If you’re willing to put in a bit of extra work (and have the right contractor), buying an unfinished condo can give you a head start on appreciation before you even move in. Instead of paying for someone else’s design choices, you’re creating your own—and keeping the added value for yourself.
