One of the key motivations for moving south of the border is the cost of living in Mexico, which, almost needless to say is considerably less than in the U.S. One of the first points new expats will notice is that good quality but cheap Mexico real estate can easily be found, showing that as residents of this country they will enjoy noticeable savings both in the large scale, and on smaller day to day items.
Sometimes, browsing websites, buyers will notice featured properties and advertisement for developments which cost considerably more than their home back in the U.S. or Canada! So much for cheap!
Taking a few steps back, however, there is excellent cheap Mexico real estate available, even though it tends to receive less marketing attention (part of the reason it's cheap.) As some people say, you just have to know where to look.
Inexpensive homes and condos are available throughout the country. An experienced Mexico agent will be able to identify low-priced options in just about any region; even the famous resort areas which have boomed both in size and price usually offer an excellent selection of properties well below $100,000 USD, and often a few good options below $50,000 USD. Some of the less discovered communities in Mexico will have a large selection of good properties right around this price range; the trade-off is that there will be a small expat community.
For this reason, perhaps more important than knowing "where" to look is knowing "how" to look. Most Americans and Canadians looking for an expensive escape in their warm, friendly neighbor to the south also want a quality property in a decent neighborhood. Most buyers will have a checklist in mind of features they want; an experienced agent, however, will be able to expand on this checklist, giving suggestions in a variety of places, and pointing out other important features to look for in both the property and surrounding area.
While the property will present the most significant savings, since it is the most expensive purchase, American and Canadian residents of Mexico will see savings from the top down in their daily cost of living, including:
health care (50-70% less than in the U.S!)
events, activities, theme parks, etc.
furniture, landscaping and other home improvements
clothing, shoes, jewelry
groceries and day to day products
The lower cost of items is a factor which allows people on a budget to live more comfortably and enjoy life more in Mexico!
TOPMexicoRealEstate.com; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely