We all know the old Do-It-Yourself arguments. On one hand, you can save money and have the experience of a new challenge; on the other hand, an expert can use their know-how to do it quicker and better and probably save you time and even money in the long run. Which argument is right? Well, it all depends on the situation and who the Do-It-Yourselfer is.
When it comes to buying Mexico real estate, however, there are some important reasons NOT to do it yourself. Basically, what it comes right down to, is that it’s a new country. Everything from the legalities of ownership to the right paint for the climate you’re in are going to be different from what you’re used to.
The Real Estate Agent
First of all, when you start the process of buying your dream home in Mexico, not only will you be dealing with different laws, but also with an entirely different business culture. The construction style here depends entirely on concrete. Identifying good properties will be harder not only because of this difference, but also because of unfamiliarity with the market and important location factors. A professional, experienced agent will be used to evaluating all of these items and will be able to advise you on them.
In this case, there aren’t even any possible savings by avoiding working with professionals; a buyer’s agent comes out of the seller’s expense, not yours.
The simple decision to work with an experienced professional is no expense to you and could save you money in various ways – finding a better price, finding a better property that will cost you less to prepare, knowing how to ensure the legal status of a property, etc.
Construction, Renovation, Renting, etc.
Even later on when you own your Mexico home and begin to move ahead with any other plans – construction, renovation, renting out – my advice is to work with professionals, at least to begin with. First, see how it’s done. Don’t try renovating a concrete construction home until you’ve worked with someone who knows how. Let a rental manager generate income for you until you know how the market works.
In these cases, you will have expenses, but it will let you get comfortable with many new items connected with owning real estate in Mexico, and could save you the money needed to correct the mistakes that are bound to happen if you do it yourself.
Later on, when you’re looking for a project, once you know your way around life in Mexico a bit better, and you’ve seen how some of these things are done, then go for it!
The other side of things is that you are buying a home in Mexico to enjoy your dream lifestyle. Let yourself relax and let the experts do their work! After all, now that you’ll be living in Mexico, you can afford it!