Buying cheap Mexico real estate can save retirees money beyond the amount saved on the property itself. Living in Mexico is also much more affordable than retirement destinations within the U.S., while offering world-class services.
In terms of finding affordable properties, there are many options to choose from. Some tourist locations are just at the point of beginning to "take off," and still offer very low prices relative to other options. Among these are Campeche, Progreso and Costa Maya, all on the Yucatan Peninsula. Retirees will need to consider which services are already available; while services will grow in the future, are the services available now sufficient to meet retirement needs in upcoming years?
The distance to large hospitals must also be considered. This ranges from about 30 minutes in Progreso (to Merida) to about 1.5 hours in Costa Maya (to Chetumal.) Local, modern health care clinics exist in each of these communities which cover most needs.
These areas offers a range of properties, including well priced Mexico condos on or near the beachfront, land, sometimes directly on the beach, and homes; both fixer-uppers and new or renovated homes can be found for very reasonable prices.
Another entire set of options can be found in the larger tourist destinations; while prices have generally gone up, the size of the market and variety of property has also grown. In order to find in-expensive properties, buyers will need to trade distance from the beachfront, but the advantage is that they will gain very close access to a larger number of services. This having been said, the distance to the beach is still usually not far (5-10 minutes driving.)
While some prefer to live next to the beach in an "off-the-beaten-track" community, others will prefer to sacrifice walking to the beach for a more modern lifestyle. The choice depends on the needs and preference of each retiree.
Cost of living is a point to consider carefully as well. The "off-the-beaten-track" communities will usually offer basic day-to-day goods (groceries, etc.) at very low prices. International goods that are not common in Mexico, however, will be harder to find, and more expensive when they are available. In larger tourist communities, day-to-day goods will be a little more expensive (still noticeably less than in the U.S. or Canada) but international goods will be available for lower prices.
Buyers considering a low-priced retirement should consider Mexico, and choose their location based on the lifestyle they prefer.
TOPMexicoRealEstate.com; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely