According to Maslow’s hierarchy of needs, at the base for life necessities for people is the need for protection and shelter. In our Playa del Carmen real estate business, we define home as our shelter, but in today’s present world, our shelter has become much more than just a roof over our heads.
So how did many non-Mexicans choose their Mexico home Some chose the convenience of city living or some opted for homes with views such as on a Mexico Beachfront property or mountainside home. Maybe they chose a home for winter getaways, or a small bed and breakfast as a hobby or as a rental generator. For many, their Mexico real estate reflects the lifestyle that many people have been working towards for many years. It is their new base for winter living and for their Mexico retirement plan. Their home reflects how they wish to live during the next exciting phase of their lives.
When thinking of a Mexico retiremen home, people like to think of it as a refuge from the real world, a warm place to come home to. And our home should be our sanctuary. Your second home in Mexico real estate should also be your refuge, from the cold harsh winters and rat race lifestyle.
So how do you choose your second retirement home in Mexico
Here are six tips to help you make your decision.
- Climate. Throughout Mexico real estate you will find that climate varies greatly. You should choose your second home in a place that offers the best climate for your lifestyle and health requirements. For example, the mountainous areas will be cooler, especially in the winter months and pleasant during the summer. The Mexican Caribbean is tropical weather all year round, with dryer more comfortable weather in the winter months and hot and very humid in the summer.
- Safety. With all the recent bad press about the dangers of Mexico , safety is a factor that many are contemplating when purchasing a second home. Most of this bad press is way overblown and most of the popular second home destinations are safe for foreigners. However, since safety is a major concern, it is best to thoroughly evaluate the area you are considering. Before judging an area, talk to others that already live there. There are online resources with blogs and message boards for popular second home communities. Find out what others have to say. You will more than likely be pleasantly surprised to find that most foreigners feel safe in their communities.
- Lifestyle. Just like your primary residence is a reflection of your lifestyle, your second home should be so as well. What kind of activities and entertainment do you enjoy Are you a golfer Or a boat enthusiast Maybe you just enjoy basking in the sun on a beautiful beach. Do you like the bustle of in town living or do you like more space and privacy Choose a second home community that includes a variety of your preferences.
- Type of home. When considering in Mexico real estate, it is important to decide what type of property will work best for your needs. If you will not be living in the property year round, you must consider its security and upkeep when you are gone. A gated condominium would be very convenient if you will be leaving it for months at a time. Most are gated with security. And the monthly condo fees will take care of grounds and pool maintenance. On the other hand, a single family home will require a live-in caretaker to assure the property is secure and well maintained. Consider these factors when making your decision.
- Community. What type of community do you want to live in Do you want to live in an established expatriate community Or perhaps you wish to enjoy the rich Mexican culture and live in local communities If you are a golfer or boat enthusiast, then there are resort communities that would offer luxury homes and condominiums.
- Cost of living. Before you decide on an area of Mexico real estate, it is a good idea to check out the cost of living. Some second home destinations are more economical than others. Make sure you can afford the area of your choice with your current budget.
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. In the summer of 2009, he received the first federally applied Mexico Real Estate Degree and Mexico Professional Real Estate License S.E.P. #5978657. He is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546 or through the company’s web site www.TOPmexicorealestate.com NETWORK!
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