Have you ever considered buying a Mexico Home? If you've been thinking about moving south and enjoying a luxury lifestyle while you live in Mexico on the beach, this might be the time to stop thinking about it and take some action. Whether you are considering a Mexico Retirement, or relocating here for any other reason, current conditions have made buying a home in Mexico an ideal choice.
If you are considering retirement, it is very important to know that Mexico was given the #1 rating International Living's Global Retirement Index for the years 2007 – 2008. This means that it's not only as good as retiring in the U. S or other countries; it is, in fact, better. Besides being right next door to the U. S. , with quick, inexpensive and easy flights home, the cost of living in Mexico is very low, as are taxes – property taxes, sales taxes, etc. Modern, state-of-the-art health care is available for a fraction of the price in the U. S. , and health insurance (full coverage) is available for about $1 a day. These advantages are great for retirement, but they are also real bonuses for anyone considering living in Mexico. Here are the top 3 reasons to live in Mexico, whether for retirement or other reasons.
1. The first reason to come to Mexico is affordability. High quality beachfront properties are available for around $250,000 US. Those looking for something to suit a smaller budget, or an excellent investment opportunity, can find beachfront land with all necessary services as low as $55,000 US, where you can design and have your own dream home built, right on the beach.
If you want to live in complete comfort, you can do well with $2000 a month, and if a simpler lifestyle is appealing to you, your budget can be even less than this. The value of the peso is very low right now – it's been hovering around 12.5 pesos / dollar. This means that your money will last you a lot longer here – longer than it used to in Mexico, and much longer than it would back home.
2. The second reason is the “buyer's market" which was created during the recession. While some people feel the recession is now on the upswing, many American buyers have not yet regained full confidence in taking the step to purchase another home. But this situation means that the properties geared towards foreign buyers are available in large numbers. Considerable price reductions are still being offered on original asking prices – sometimes as much as 33%! Many sellers also offer extra incentives.
But this situation won't last for ever; once buyers from the U. S. regain their real estate confidence, these opportunities will quickly disappear. The advantages of buying a home in Mexico are becoming more and more known, to more people, in many parts of the world. With the exception of these recent price reductions, property values have been very stable in Mexico, with healthy increase. Mexico homes also show every sign of being one of the first markets to recover from the price slumps of the recession. A few buyers who know how to identify super, once-in-a-life-time opportunities are the ones who have been buying Mexico over the past year and a half . . .
3. Living in Mexico is safe, comfortable and neighborly. Main stream media likes to cash in on big news stories and blow them out of proportion (this is true of anywhere) and has consequently painted a very negative image of Mexico, which even people who should know better have bought into. While drug related violence is a real problem along the U. S. border, which the Mexican government is fighting hard to end, most of Mexico is further away and less effected by this than many parts of the U. S.
Day to day life in Mexico is very secure. While many homes are available in private gated communities, some Americans choose to live in other types of communities, and feel safer than in many U. S. cities. There are always American neighbors around, as well as many from Canada, Europe and many other places. The locals are also very friendly, perhaps more so then you will find back home. One Canadian notes that he can sit down on a park bench in a working class neighborhood in Playa del Carmen, enjoy the view, and browse the internet (on the public wireless internet service available for free. ) The most inconvenient thing that happens is that the battery on his laptop dies. A few local workers might approach to practice their English and reminisce about the time they used to live in California.
If you've ever thought about buying a home in Mexico, whether for retirement, or just to enjoy life on the beach, stop thinking about it. Find a good real estate agent, and start looking for your new home.
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