{"id":2964,"date":"2011-02-04T16:36:22","date_gmt":"2011-02-04T22:36:22","guid":{"rendered":"https:\/\/www.topmexicorealestate.com\/temp-blog\/?p=2964"},"modified":"2011-06-28T21:05:26","modified_gmt":"2011-06-29T03:05:26","slug":"how-to-save-money-through-mexico-retirement-choosing-your-property","status":"publish","type":"post","link":"https:\/\/www.topmexicorealestate.com\/blog\/2011\/02\/how-to-save-money-through-mexico-retirement-choosing-your-property\/","title":{"rendered":"How to Save Money through Mexico Retirement; Choosing Your Property"},"content":{"rendered":"

Whichever way you look at it, Mexico retirement<\/a> properties offer you as a retiree savings; even if you are looking at a home worth five hundred thousand dollars here, a similar home on a warm beachfront back in the U.S. would be selling for millions.<\/p>\n

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\"\"On the other hand, for those really buying on a budget, Mexico real estate<\/a> offers a high level of comfort for very accessible prices.\u00c2\u00a0 The following are a few options to consider to save money when buying your Mexico retirement property:<\/p>\n

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Land Purchases<\/strong><\/p>\n

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Those with a couple of years before retirement could, for example, consider investing in a cheap Mexico beachfront lot<\/a>.\u00c2\u00a0 Lots in up-and-coming tourist areas can be found for as low as $50,000 USD, and sometimes less; these are lots that are directly on the beachfront<\/em><\/strong>, with connections, good road access and all necessary services nearby.\u00c2\u00a0 The state of Campeche is a good example of where good quality, inexpensive lots have been available.<\/p>\n

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A comfortable, high-quality home can usually be built for around $100,000 USD, for a total cost of under $175,000 (lot, building and miscellaneous expenses); owning a single lot, custom home on the beach for anywhere near this price is simply unheard back home!<\/p>\n

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Lots a little back from the beach can be found in places like Tulum, where land for sale is currently a significant factor in the market.\u00c2\u00a0 Developments range from very modern with wide roads and underground fiber-optic communications, to off-the-grid eco-focused communities.\u00c2\u00a0 In all cases, you\u00c2\u00a0 can save significant funds to enjoy during retirement by buying land early and having their own home built.\u00c2\u00a0 What’s more, you get to have your own personal dream home designed!<\/p>\n

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Condos near the Beach<\/strong><\/p>\n

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As much as we associate the idea with high prices, it’s also entirely possible to buy a condo near the beach for a low price.\u00c2\u00a0 Playa del Carmen condos for sale<\/a> are a good example of how a buyer can find a well priced unit with a nice design, walking distance from the beach, with many modern services nearby, often a walk or short drive away, to enjoy retirement the way it should be enjoyed!\u00c2\u00a0 Other similar areas are Cancun and Puerto Vallarta.<\/p>\n

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Preconstruction Discounts<\/strong><\/p>\n

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One option to save on a high-quality condo near the beach in one of these paradise-like tourist destinations is to buy preconstruction<\/em><\/strong>.\u00c2\u00a0 Developers will often sell off the first units at incredible discounts early in the construction phases in order to complete funds for the rest of the construction process.\u00c2\u00a0 With a reputable developer, this process can offer retirees an excellent way to own a property for much less than it would be worth after the complex is complete.<\/p>\n

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Price Reductions<\/strong><\/p>\n

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For various reasons, some owners need to or choose to sell their condo quickly by lowering the price.\u00c2\u00a0 The reasons could be that they already moved to a new property, and the previous one is just sitting empty, not doing anything for them, they are developing a new investment plan, they had to move for work, etc.\u00c2\u00a0 Whatever the reason, these reductions offer excellent savings to you, and, again, you can obtain a high-quality condo or home below the regular value.\u00c2\u00a0 Buyers in these situations are often ready to negotiate as well.<\/p>\n

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Vacation Rentals<\/strong><\/p>\n

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In areas such as these ones, if you are not using your condo or home all year round, you can also keep balance the expense of owning a retirement property on the beach by renting out to vacationers when you are not using the property.\u00c2\u00a0 Areas like the ones mentioned above have a steady flow of tourists, and many are looking for a comfortable, home-like, and more affordable alternative to a hotel.<\/p>\n

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If you are planning to help fund your retirement in this way, it’s best to take this into consideration when choosing your property.\u00c2\u00a0 This isn’t too difficult, since most of the features attractive to retirees are also attractive to vacationers, but it’s worth asking your TOP Mexico agent<\/a> if the properties you are looking at have good rental potential.<\/p>\n

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It’s also important to consider a rental strategy, since even a beautiful and well-located property may sit empty if it’s not publicized.\u00c2\u00a0 A reputable rental management company can help to make this easier.<\/p>\n

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More and more, it is important for retirees to carefully plan their spending; starting off on the right foot by buying a high-quality property in Mexico that can offer you savings in numerous ways is the best way to start a low-cost but very comfortable retirement in Mexico<\/a>.<\/p>\n

Thomas Lloyd <\/strong>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 <\/strong>and Mexico Professional Real Estate License<\/strong> S.E.P. #5978657. He is the current president of TOPmexicorealestate, you can contact him at <\/em>(512) 879-6546<\/span><\/strong> or through the company’s web site<\/em> www.TOP<\/span>mexicorealestate.com<\/a> NETWORK
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\n“Mexico\u00e2\u20ac\u2122s Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely<\/strong><\/span><\/span>!\u00e2\u20ac\u009d<\/strong><\/span><\/span><\/span><\/em><\/span><\/span><\/span><\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Whichever way you look at it, Mexico retirement properties offer you as a retiree savings; even if you are looking at a home worth five hundred thousand dollars here, a similar home on a warm beachfront back in the U.S. would be selling for millions. On the other hand, for those really buying on a […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[742,271,77,743,326,270,682,4,23,219],"tags":[733,578,716],"class_list":{"0":"post-2964","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-bb-kits","7":"category-mexico-cost-of-living-living-in-mexico","8":"category-how-to-buy-real-estate-in-mexico","9":"category-how-to-save-money-living-in-mexico","10":"category-mexico-beaches","11":"category-mexico-cities","12":"category-mexico-cost-of-living-mexico-retirement","13":"category-mexico-retirement","14":"category-mexico-retirement-affordable-living","15":"category-mexico-retirement-living","16":"tag-cheap-mexico-beachfront-lot","17":"tag-cheap-mexico-beachfront-properties","18":"tag-playa-del-carmen-condos-for-sale","19":"entry"},"_links":{"self":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/2964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/comments?post=2964"}],"version-history":[{"count":5,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/2964\/revisions"}],"predecessor-version":[{"id":3672,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/2964\/revisions\/3672"}],"wp:attachment":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/media?parent=2964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/categories?post=2964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/tags?post=2964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}