Thomas Lloyd,  Broker By Thomas Lloyd
2010-06-04

For soon-to-be retirees, worried about the amount they need saved up, there is good news; buying Mexico real estate, and planning on a Mexico retirement can help significantly in the process of planning a workable budget and making savings last longer, with the bonus of living in a year-round warm climate!

One of the most significant benefits which retirees gain from living in Mexico is that the cost of living is considerably lower in Mexico. Everything from groceries to the water bill to healthcare presents large savings, meaning even those who have somewhat less saved up can enjoy a comfortable retirement on the beachfront!

Shopping is noticeably cheaper in Mexico. Big American stores such as Walmart are common in most favorite retirement destinations, where a large selection of Mexican, American and international goods are available at the low prices you expect. But here's a little secret; many Mexicans consider Walmart to be a moderately-expensive store! Even cheaper options are available for certain goods. Walmart itself has a cheaper store chain in Mexico which sells the same products, with a more limited selection in a more bare-bones, ware-house style store, but often at noticeably lower prices.

Healthcare is also a big savings. With private facilities recognized as being on par with those in the U.S., Mexico offers high-quality service that is up to 75% lower. This fact is making Mexico one a favorite for "medical tourism" for the growing number of Americans who find that the costs in the U.S. are just too high. Many Americans who've used Mexico's health care system will also attest to the fact that the level of personal attention is excellent, with doctors who take time to talk with you carefully about your health. Many private hospitals will have doctors and nurses who speak English. With a growing number of U.S. retirees in Mexico, a number of areas are now investing into facilities geared towards this market, if they don't already have them.

Besides helping you make your savings go further, buying Mexico real estate can be a way to gain an income before and during your retirement years. If you buy your retirement property ahead of time, it can often provide a reasonable income from rental to vacationers, either covering costs of ownership, or even making a profit, depending on how seriously you decide to get into rental. After buying a beachfront condo and seeing how profitable rental was, some buyers have bought another property, and enjoy a steady, reliable income. For those who can manage this, the second property would continue to provide an income into retirement.

To find the property which is right for your retirement, talk to a reliable, experienced Mexico agent; they have sold enough properties to retirees, so they can give tips according what others have done. They can also put you in direct contact with other retirees living in Mexico, so you can begin to explore options which will make a Mexico retirement not only possible, and a bonus for your budget, but even profitable.

TOPMexicoRealEstate.com; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely

Mexico Real Estate NETWORK; "Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!"

 

Region:  Playa del Carmen real estate.

Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. A Mexican Certified Realtor he is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546.

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