For most of us, when it comes to planning our retirement, it's important to consider our budget carefully, making sure that we have the necessary amount saved, and that we don't overspend that amount when retirement begins. Together with the warm weather, this is the main reason why many Americans are considering Mexico retirement communities.
Many of the communities which retirees are choosing offer both a low cost of living and very accessibly priced real estate. While services include large, modern grocery stores (Walmart, etc.), state-of-the-art hospitals, large-screen movies (in English), excellent restaurants, and much more, these items can be found for a much lower price than back home. That retirement budget will go that much further while retirees enjoy more luxuries.
These savings actually begin from the first step – buying a retirement property. Good but cheap Mexico real estate is available even in the most famous retirement communities. Consider these examples:
$62,000 USD – La Paz – A comfortable two bedroom home in a quiet neighborhood close a plaza with a large supermarket (a Mexican version of Walmart), English movies, fitness facilities and restaurants. The home is about 1000 sq. ft., on a 1700 sq. ft. lot. Of course, downtown and the beach are only a short drive away. La Paz is near the southern tip of Baja California.
$93,500 USD – Lake Chapala – This home offers 2 bedrooms, 2 Bathrooms. It is similar in size to the one above, but is located in a pleasant gated community, with a rustic style. The communities on Lake Chapala in Mexico's hilly central region enjoy beautiful views of the country's largest lake and the surrounding forest covered hillsides. It is also home to the largest expat retirement community.
$120,000 USD – Playa del Carmen – This is a new condo complex in Playa del Carmen, about an hour south of Cancun. The beachfront is about 900 yards away, and while the community is new, it will soon be home to a few shopping options. Downtown is a short drive away, and the complex includes a pool and ample green space. This community – El Cielo – is focused on upscale development, and is just beginning to fill with elegant villa and condo complexes.
Properties such as these will help you live comfortably while not spending a fortune on your property, allowing you to save even more for enjoying retirement in your new home. It is worth noting, however, that in all cases you should make sure you are familiar with the differences involved in buying real estate in Mexico. One guide that will help you is the Top Mexico Real Estate Guide: Buying Safely. This guide will help in each aspect of buying in Mexico, from choosing your agent, to estimating closing costs, and will prepare to start your relaxing, comfortable and affordable retirement off on the right foot!
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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