When people choose to buy a new property, many people will call it an “investment.” But this leaves you wondering – is it really an investment?
When it comes to Mexico real estate, there are a number of ways that a simple real estate purchase can really be an “investment,” including the following.
Appreciation
Mexico’s main markets have been some of the healthiest in growth and appreciation. Even if you’re not buying your property for this reason, you can look forward to ongoing stability in value, if not healthy growth.
Rental Income
Even if you’re buying as a rental investment, the bottom line is that if there are times that you will not be using your property in Mexico yourself, there is a good chance that it will have some potential for rental income. Mexican properties usually have a higher rental-income-to-value ratio.
Savings on Expenses
Property taxes for only $150 USD per year?!? Everything from bills and taxes to maintenance and renovation will be lower for a vacation or retirement property. Back home, governments have realized that they can rake in huge amounts of cash taxing these items, at the expense of the average worker who can no longer afford a second property not so much because of the price of the property, but more because of such expenses. In Mexico, this is definitely not the case.
The Cost of Living
The more time you spend living in Mexico, the more money you save. Owning a property helps to make this possible offering yet another way to find savings.
Health
Last but not least; living in Mexico is healthier. Life is more relaxed and stress free. This has health benefits in itself. Also, fresh, local fruit and vegetables, as well as seafood, is more readily available at a much better price. Year-round warm weather and pleasant climate makes it easier to be active out doors. Excellent health-care is available at a fraction of U.S. costs. Being healthy becomes very easy, and affordable. Wouldn’t it be nice to “invest” in your health by saving money?
Whichever way you look at it, owning Mexico real estate is quite likely going to be a good investment. Of course, there are those who simply want the pleasure. That’s fine too!
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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 16 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 president of Top Mexico Real Estate. Contact him at (512) 879-6546.
The TOP Mexico Real Estate Network; “Mexico’s Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!â€
