A good number of people invest in Mexican real estate for different reasons. Many want to have a second home in the country which will serve as their vacation home. Others invest in real estate as a secondary source of income, offering their homes up for rent. Finally, one segment of real estate investors in Mexico that is fast-rising includes those who are preparing for retirement. In fact, getting a second home for retirement in Mexico is more cost-effective compared to renting or staying in a hotel over the long term.
According to the US Census Bureau, Mexico has the largest number of Americans living outside the United States. Current estimates peg that number at 1 million and the bureau is projecting that number to jump to about 84 million by 2050.
There are several reasons why Americans and other foreigners are enticed to retire and invest in real estate Bucerias Mexico included. For starters, the US is close to Mexico, geographically speaking. Second, the climate is warm and pleasant for most part of the year. It certainly helps that the cost of living is affordable and quality healthcare is accessible.
Retiring in Mexico also opens you up to numerous opportunities for leisure come retirement time. There are several activities which you can choose to engage in including watersports, visiting historical and archeological sites, trying outdoor activities, or even simple things like fine dining and going to concerts and cultural events.
In terms of the quality of healthcare in Mexico, you will be glad to know that the quality is at par with (or even better, compared to) the quality of healthcare in the United States and Europe. Health and dental care professionals in Mexico have received their training in the US and Europe. Plus, the cost is comparatively low.
Once you have decided to proceed with retirement in Mexico, the next thing that you need to do is to determine what type of property to invest in. You can choose to buy a lot and have a new home built for you, or you can choose to purchase a built home and remodel it to suit your personal taste and needs.
Here at Applegate Realtors, we offer services that can help make investing in Mexican real estate more convenient and secure, whether you are preparing for retirement or eyeing a vacation home to buy.We can help you with the different facets of buying a property, allowing you to avoid many of the hassles associated with real estate investment.