When you consider a home in Mexico for your vacations or for your relocation to this country, you have two main options; one is buying a Mexico home for sale, the other is a Mexico rental. Fortunately, there are some very useful Mexico real estate tools to make the search for both and the decision between them easier. These tools include:
Listings – There are many sites which list either real estate for sale in Mexico or condos and homes for rent in the country separately. There are also a handful of agencies which list both. The kind that lists both should make it easier to compare the cost and make a choice between them. In the case of homes in a condo complex (villas, which are separated like regular homes, or townhomes) you will want to take condo fees into account, which are normally considerably lower in Mexico.
Real Estate Deals – Before making any conclusions about which is the better, make sure you check out some deals in both markets. You may get the impression that renting is the better way to go, but then find a super deal on a home for sale. On the other hand, you may find a super priced rental which makes it worth your while waiting for just the right property to turn up for sale.
E-mail Notifications – Listings and deals should all have the option of getting e-mail notifications when new listings, new deals or new rental show up. This means you don’t have to keep checking back on the listings and going through the whole list again. You should also be able to specify your criteria so you only get notifications for properties that are in a suitable price range and location for your needs.
Articles about the Market – There are some excellent online article databases, in addition to blogs, Q & A and FAQ services online. Some of these have search options by theme. These articles will offer general information about life like new restaurants, and the cost of living, but also about the specific markets to help you make an informed decision.
An Agency that Specialize in Both – While most agencies specialize in one or the other, an agency which deals in both is more likely to give you balanced information between the two. They can also present you with some options in both to help you visualize the difference in more concrete terms.
Both rentals and ownership are excellent options. For you as the buyer/renter, the main point is to make an informed decision which is most appropriate for your needs.
TOPMexicoRealEstate.com; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely