living in mexico

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Destinations, Riviera Nayarit

Homeowners and Hurricanes in Mexico

In the summer season when temperatures reach their peak in the northern hemisphere of the country, Mexico can become host to some powerful and unpredictable storms. Hurricanes are born over the open ocean and gather strength there until they make landfall. If you are interested in becoming a homeowner in Mexico and are concerned about the effects of hurricanes in Mexico, read on.

Hurricanes

Hurricane is the name given to tropical cyclones that form in the Atlantic and northern Pacific area. They are storms of high intensity which often show sustained wind speeds of at least 74 miles per hour. They can cause serious damage when they first make landfall, and this can carry on inland when they are particularly big, though they begin to lose power as they progress over land, eventually become a rainstorm once they lose potency.

Mexico’s Hurricane Watch

Late Spring to late Autumn constitutes as hurricane season, but most years the hurricane force storms will appear in late summer or early autumn. It is impossible to predict such storms with any level of precision, of course, how frequently such storms will occur and with what frequency. In Mexico in particular tropical and hurricane force storms are most common between July and October, with September and October in particular being high risk, when the weather is hottest.

Hurricanes in Mexico

Effects of Hurricanes for homeowners in Mexico

Modern technology has made it possible to monitor, track, and mitigate the worst effects of hurricanes in Mexico. Weather monitoring systems, communications technology, modern building specifications, and of course advances in medicine have made casualties and fatalities much less common.

People who live in hurricane prone areas, of course, are more used to the annual storm activity and know how to prepare, weather, and respond to these storms. In Mexico even contemporary hotels are built to withstand earthquakes, hurricanes, and cyclones. No one is immune to the dangers posed by mother nature, but advances in technology have meant that we are no longer entirely at her mercy.

Protection and insurance

Homeowners in the most storm prone areas of Mexico’s coasts will be well aware of the fore-warning systems and procedures in place to ensure that they have time to evacuate with their families, and they will also be insured against loss and damage. This is true of the hotels, too.

Historic hurricanes

One of the most notable of recent hurricanes in Mexico was Hurricane Wilma, which hit the Yucatán peninsula in 2005 and caused huge damage to Cancun and the surrounding areas. Hurricane Patricia in 2015 caused great concern as meteorologists described it as the ‘strongest storm on record’, though when it made landfall on the Pacific coast it lost its potency almost as quickly as it had formed, causing damage to a limited area that was relatively unpopulated. In 2002 Hurricane Kenna caused damage, mainly from flooding and storm surges, when it hit the San Blas area to the north of Banderas Bay.

Safety at Villa La Estancia

You can rest assured that both the buildings and the team at the Villa La Estancia properties in Cabo San Lucas and Riviera Nayarit are fully prepared for eventualities such as hurricanes, meeting all the necessary health and safety requirements. The properties were constructed to withstand high winds and flash tides, and have areas within the complex that offer additional protection in the event of particularly destructive hurricanes, as well as an emergency generator. The staff are also fully trained to follow the emergency instructions from local authorities to ensure the safety of all owners, guests and personnel.</p

Recommended article: Interesting Facts about Banderas Bay

by VLEAdminRE,
Cabo San Lucas, Fractional Vacation Ownership, Full Ownership, Residences, Riviera Nayarit

Why Mexico Tops the List for Happiness

In recent years, as well as being one of the top vacation destinations in the world, Mexico has become a retirement hotspot, which draws in tens of thousands of people year on year. It’s more than just the pristine beaches, crystalline waters, and sun-soaked promises of adventure that keep people choosing the country, however; Mexico is now considered one of the happiest places in the world!

Top for happiness

Mexico News Daily broke this story while citing information gathered by Gallup, the Happy Planet Index, New Economics Foundation, and the World Happiness Report, and places Mexico second in the world, beaten only by Costa Rica. What’s interesting about this is that despite having an economy five times smaller than the USA, Mexico ranked higher for happiness. Money clearly isn’t everything, then, but what is it that makes Mexico and its residents so happy?

Wellbeing and happiness

Wellbeing is somewhat of a catch-all term that can be used to describe an overall feeling of satisfaction with one’s life and choices; it can be defined as “the state of being comfortable, happy, and/or healthy”. While pretty much everyone on earth has room for improvement in their lives, it would seem that the people in Mexico who were surveyed have certainly found a way to enjoy life despite any shortcomings. Perhaps this high level of happiness comes from appreciating the little things and focusing on the positives rather than the negatives, and maintaining a healthy lifestyle.

Long Life Expectancy

The average life expectancy is 76.4 years old, so long and healthy lives are very much the norm. This, no doubt, has something to do with the affordable private and national healthcare which can be found across the country, but the lifestyle has its part to play, too. The pace here is slower than in places like the US, and the relaxed outlook is definitely part of the smaller number of stress related issues.

Affordability

Though most people would agree that having enough to get by with is a priority, the pressure to become wealthy isn’t the necessarily the same in Mexico. According to the article, the lower cost of living that can be found in Mexico allows people to have a good standard of life on relatively little money; people can live quite well on even modest incomes. In fact, everything from healthcare to housing and food is cheaper here.

A Slower-Paced Lifestyle

The lifestyle, as we have mentioned before, is much slower, too, and we feel that this is one of the most appealing things about living here. The laid back atmosphere is really great, and though it may get on your nerves if you’re in a rush it’s still very easy to appreciate how good it must be for the people who really get into it. Less chaos, less stress, and a happier, healthier life.

This difference in attitude can be seen in the work life balance; while most people in Mexico work six days a week this does not stop them from living life to the fullest!

So, how would you feel about making Mexico your home away from home? For more information about buying real estate in the second happiest country in the world explore the rest of this website or give us a call to find out about real estate in Cabo San Lucas or the Riviera Nayarit.

Villa La Estancia Cabo San Lucas: 1 877 499 1901
Villa La Estancia Riviera Nayarit: 1 866 843 7005

by VLEAdminRE,
Destinations, Real Estate, Residences

Mexican Benefits for Foreigners Over 60

With more retirees moving to Mexico than ever before, there has never been a better time to explore all of the different ways you can save money upon relocating to this charming and beautiful country.  Living costs in Mexico are much more affordable than those in the United States, Canada and Europe, making it an appealing place to relocate upon retirement.  What’s more, you can take advantage of even more discounts with these Mexican Benefits for Foreigners over 60.

When you enroll for the INAPAM (Instituto Nacional para las Perso1nas Adultas Mayores) discount card, you can enjoy impressive discounts on an incredible range of goods and services, which can help you stretch your retirement money even further.  The process to apply for the card is easy, and it also happens to be free.  Once you have your discount card in hand, you will be able to present it to countless businesses.  Here is just a sampling of the services you can enjoy discounts on:

Food & Groceries

As a daily expense, you can save big at specialty food shops, grocery chains and convenience stores.

Dining Out

From diners to cafes, as well as restaurant chains, you can save when you go out to eat. 

Healthcare

Although medication already costs far less in Mexico than in countries like the U.S., seniors can receive additional discounts at many pharmacies.  Several doctors, dentists and medical specialists also offer discounts to card holding seniors.   

Culture

You can find discounts at a variety of art galleries, museums, archaeology parks and bookstores. 

Travel & Leisure

Many travel agencies and hotels found throughout Mexico provide discounts for seniors.  

Party Venues

It is common for festivity halls (salon de fiestas) to offer discounts to seniors who are planning a party at their facility. 

Transportation

Discounts on fares are provided by several airlines, bus companies and sometimes even local taxis.

Discount on Property Taxes and Water Bills

Seniors can receive a discount on their annual property taxes (Predial) as well as their water bills in some municipalities.  

Other Discounts

While discounts for seniors vary between businesses and are not always offered, remember to always present your card and ask just in case.  You will find discounts at a wide range of businesses including accountants, legal firms, construction companies, hardware stores, electricians, locksmiths, plumbers, car service and repair centers, printers, dry cleaners, veterinary services, florists, art stores, jewelry shops, beauty salons, clothing stores and so much more.

The original article can be found at Mexperience:

https://www.mexperience.com/inapam-mexicos-discount-card-for-seniors/

Recommended articles: 

World’s Best Places to Retire – Mexico is No. 1

Why Nuevo Vallarta is Great for Retirement

 

 

by VLEAdminRE,
Destinations, Real Estate, Residences

Checklist for Relocating to Mexico

Relocating to Mexico, or to anywhere in the world for that matter, is an exciting yet complex step. You will find there are many things you need to organize on both sides of your move to make sure that everything runs smoothly while relocating to Mexico.

There are dozens of reasons for relocating to Mexico: great opportunities, adventure, fantastic weather, the chance to expand your linguistic and cultural horizons, and, of course, the delicious food. But, now that you’ve decided to make the move… do you know how to go about making it happen smoothly? With so many things to do, so much to consider before relocating to Mexico it can be very overwhelming. Here are some of the most essential things to consider when you’re making this big move to Mexico.

Do you have all your documents in check?

It’s so key that you make sure that you, and everyone in your family relocating to Mexico with you, have a current passport, and that you have applied for all the appropriate visas to live and work in Mexico. If you need to, you should contact your local Mexican consulate for any of the forms you will need to complete, and to pay any fees that are required. You should also gather together any important documents you wish to take: birth certificate, marriage certificates, and diplomas should be gathered up and kept safe. You may wish to have them all apostilled before relocating to Mexico.

Have you made a list of what to take?

Not everyone is a “list person” but when relocating to Mexico a list will come in handy to help you decide what to take with your. What items you will take with your to Mexico really depends on you as a person, and your personal circumstances. If you don’t see relocating to Mexico as a permanent or long-term move you might wish to leave some of the larger items (furnishings etc) behind in storage and take only the essentials (like clothes) with you. After all you will find plenty of furnished rentals for grabs in Mexico, and you can always purchase some items when you get there. If you do leave your larger items in storage you can always have them sent at a later date when you’ve settled in. On the other hand, if you’re sure that this is it you may want to get it all over with in one go, and as such a professional moving company which specializes in long-distances should be your priority.

Do you want to take your car with you to Mexico?

If you live in the Americas already and have a vehicle you’re in a good position of being able to bring your car with you if you wish to. You should think about whether you wish to sell, store, or bring your car, and this, once again, will depend really on you and how permanent you see your move being. If you intend to drive to your destination with some of your belongings you should make sure that your car is serviced and in top condition before taking such a long journey. You will also need to apply for a special permit for your car, which is only valid while you are in the country as long as you current visa is valid.

How will you arrive?

If you cannot drive or do not wish to, then flying will be the quickest way when relocating to Mexico, although you may find you are paying high fees for your excess baggage.

Where will you live when you first arrive?

Firstly, you’ll need to deal with your current housing. This means giving notice that you’re leaving if you’re in rented accommodation, or deciding what to do with your home (if you own it). For homeowners there is always the option of renting your house out to secure extra income, but you can also sell it or leave it vacant. As soon as you know when you’ll be moving you should begin to look for accommodation in your destination. Renting is perhaps the best option when first relocating to Mexico so that you can get to know the areas where you may wish to purchase real estate once you are settled.

What do you have planned for your children?

If you’re bringing kids on this move you’ll definitely want to look into the best schools, maybe even private schools, and plan some time to tour a few when you arrive so that you can decide which best fits your family. Before relocating to Mexico, you will need to arrange for their last day of school (if its mid-term), and pick up their academic transcripts/report cards. Make sure you know what official paperwork you will need.

Deciding whether to bring your pets

Taking your beloved family pet is less hassle than you might think; you really only need to ensure they have the necessary shots and a certificate from a licensed vet. Some more unusual animals may require permits, however, so look into that before relocating to Mexico with your pet tarantula.

Are all your finances in order?

You should first of all find out if any of the banks in Mexico are affiliated with your own bank; this can help you to avoid ATM fees at their machines. You might also consider simplifying your finances by closing bank and savings accounts, and culling unnecessary credit cards. Make sure you have online accounts for all your banking needs and any gadgets that you need for logging in securely while living in Mexico.

Have you tie up all loose ends?

Make sure all pending bills are paid, and that your memberships, subscriptions, and unneeded services are cancelled before you leave for Mexico.

Related notes: Relocation to Mexico – Coping with Missing your Family

Get more recommendations in our FAQ section.

 

by VLEAdminRE,
Destinations, Real Estate, Residences

Relocation to Mexico – Coping with Missing your Family

While deep down you know that moving to Mexico is going to be an ideal change for you, your first months or year will require you to adjust to such things as missing your friends and family from your home country. For some people, relocation to Mexico means leaving behind elderly parents and grown up children, while for others, a sense of homesickness is created just by the simple fact of not being in your home country. Here are some tips for coping with missing your family upon relocation to Mexico.

Relocate to destinations in Mexico that have direct flights to your home city

Where possible, a great tip is to choose where you are going to live wisely. Relocation to a city in Mexico that is served by direct flights or budget airlines will help you bridge the distance between your new life and your home town. Your relatives and friends will find it easy to give you a visit and you will be able to get home quickly in an emergency.

Take advantage of Mexico’s Lower costs of Living

You will be happy to hear that life in Mexico is less expensive than in many other countries, particularly when you compare the USA and Canada. Not only will this be a great bargaining tool to encourage your friends and family to come and visit you but also allows you to make savings. A great tip is to save money for regular flights home or even to pay for members of your family to come and visit you; that way coping with missing your family after relocation to Mexico will be less.

Choose a place for relocation where the sun shines

Mexico is the ideal place to escape the uncomfortable winter climates of North America, which will encourage your friends and family to come and visit.

Purchase or rent somewhere with rooms to accommodate guests

Finding a place where there are plenty of rooms and bathrooms for your guests is another way to ensure that visitors will want to visit you in Mexico. People are more likely to feel comfortable staying with you if they know that your home is tailored for having guests. Likewise, homes with easy access to amenities like swimming pools, restaurants, stores etc will give your guests freedom so they are not dependent on you, which will encourage them to visit more regularly.

Call Family and Friends Regularly

Setting a regular schedule to get in touch with your closest friends and family will help you cope with homesickness. Find a schedule that fits well with you. That might mean every few days, once a week, once a month, or every time there is a holiday; the key is to make it regular. Having a routine with regards to communicating with your dear ones is better than realizing that a whole year has gone by.

Use Technology to Get in Touch

Your internet connection and gadgets such as webcams make communication easier and faster. Use free services such as FaceTime and Skype so that you can even have a face-to-face connection with your closest back home. With the abundance of technology and internet access we have now, there is no excuse not to get in touch regularly. Before your relocation to Mexico, make sure you get someone to show you how to use this technology so that it is easy for you to stay in touch.

Create a New Social Circle

The best way to fight homesickness upon relocation to Mexico is to have a new set of friends and acquaintances. Be as sociable as possible if you really want to find new friends. You can join dance classes, yoga, take Spanish lessons, and other activities that will help you widen your circle of friends within your community. Your new acquaintances might be Mexicans, expats or both.

by VLEAdminRE,
Real Estate, Residences, Riviera Nayarit

Living in Nuevo Vallarta with a Young Family

If you have decided that living in Nuevo Vallarta is the right thing for you and your family, or perhaps you are still undecided if it is the right move, here are some reasons why living in Nuevo Vallarta with a young family could be the best decision you ever make.

Living in Nuevo Vallarta with a Young Family

Nuevo Vallarta and neighboring Puerto Vallarta have many different kinds of activities for people of all ages, budgets, and persuasions, and so you can find something to do in every corner of Banderas Bay, even if you come with a young family. The beach in Nuevo Vallarta is perhaps its best feature with shallow waves ideal for playing and bodyboarding, but there is also a good shopping mall, dolphin sanctuary and a small marina with a boardwalk. Plus, the streets are safe for bicycles, and there is a jogging lane that can also be used for rollerblading.

North

On the North Shore just a short drive from Nuevo Vallarta, you can find Bucerias with its quiet yet hip atmosphere, art galleries, beach and water sports. Further north you will come to Punta Mita where the sun, sand, and seafood make for a great time for all the family. This is the area to be in if you want to enjoy some sport fishing, bird watching, boating, or a leisurely cruise around the bay. When living in Nuevo Vallarta, going north is sure to be something you do regularly.

Sayulita

If you head just a little further North, you will come to the famous Sayulita, which is known as a surfer’s paradise. If you have demanding teenagers this hip and funky town is a must visit; the crowd here is young, and the waves are a most stunning and affordable playground. In Sayulita great restaurants catering to all budgets can be found around the plaza.

Downtown Puerto Vallarta

Heading into Puerto Vallarta is about a 30-minute drive when living in Nuevo Vallarta. The downtown area of Puerto Vallarta is teeming with activities for people of all ages, and the boardwalk is a great place to see and be seen. Your teenagers might like to hit Senor Frogs, and little ones will love the Papantla dancers and the street performers. Either way, you should walk along the boardwalk to see the open air theatre at Los Arcos, where there are generally a variety of shows, and of course the Los Muertos Pier where you can enjoy an ice-cream and some really stunning views.

Puerto Vallarta’s South Shore

Starting where the cobblestones meet a paved highway after Puerto Vallarta’s Old Town, the South Shore heads towards Barra de Navidad along a beautiful coastal. Along this road you can find beaches, jungle, and river walks, and even bungee jumping. Your young children may enjoy the zoo and a trip to the Vallarta Botanical gardens too. The south shore is a great place for nature-loving people living in Nuevo Vallarta.

Mountain Towns

For those days when you have had enough of the beach, you can always head into the mountains for a cooler experience. The towns of Mascota, El Tuito, and San Sebastian are charming towns which are fairly close to Nuevo Vallarta, taking between an hour and two hours to reach. This can be a very rewarding way to spend your time if you want to do something away from the beach. If you travel just an hour inland from Nuevo Vallarta and you will find San Sebastian where there is a wonderful plaza to stroll along, a river to hike along, and wonderful eateries in which to cool off and recuperate.

Mascota is found only half an hour from San Sebastian and has a wonderful medieval church to see. Close to here is the Sierra Lago Resort where you might choose to visit for a relaxing weekend; this is a heavenly mountain resort nestled by a hidden lake is surrounded by forest. This resort has horses, bicycles, and serves some of the most gorgeous meals in the area. This is a must when you have growing kids who love to explore the outdoors.

Nuevo Vallarta is without a doubt a fantastic family friendly place to live. Living in Nuevo Vallarta will certainly bring a host of wonderful experiences.

by VLEAdminRE,
Destinations, FAQ, Full Ownership, Real Estate

More Flights to Mexico

Great news for people who are looking to purchase real estate in Mexico, the Air Transport Agreement announced at the end of 2016 shows that the aviation markets are opening up even further between the USA and Mexico, starting in August 2017. In response, a number of airline companies have taken advantage of this agreement, announcing new flights to and from Mexico.

Interjet Flights from USA to Mexico City

Firstly, one of Mexico’s most popular budget airlines, Interjet, announced added flights from Chicago, Los Angeles and Las Vegas to Mexico City. Interjet is Mexico’s second largest airline.

Interjet Flights from USA to Puerto Vallarta

Interjet has also indicated that it will add new routes from Los Angeles to Puerto Vallarta, which is already a popular flight from the USA to the leading tourist town on the Pacific Coast of Mexico.

Volaris Flights from USA to Mexico City

Another of Mexico’s popular budget airlines, Volaris has also started services from Houston to Mexico City.

Southwest Airlines Flights from USA to Puerto Vallarta, Cancun, Los Cabos

Southwest Airlines will be offering flights from Los Angeles to Cancun, Los Cabos and Puerto Vallarta, with flights pending approval from Oakland, California to Puerto Vallarta and Los Cabos.

American Airlines Flights from USA to Puerto Vallarta, Cancun and Merida

American Airlines has announced new services from Los Angeles to Cancun and Puerto Vallarta as well as services between Miami and Merida.

Delta Airlines Flights from USA to Cancun and Los Cabos

Delta will be running new daily services from New York to Cancun and from Los Angeles to Los Cabos, as well as flights on Saturdays from Kansas City to Cancun.

by VLEAdminRE,
Real Estate

Homes by the Sea

Have you always dreamed of a life by the beach? Are you constantly looking at homes by the sea. There are many benefits to purchasing homes by the sea, take a look below:

  1. Physical Health Benefits

    2. Living by the sea provides physical, spiritual, and mental health benefits. The sea air is full of negative ions that increase the way our bodies absorb oxygen and have a positive effect on our health and mood. In warmer climates like Mexico, homes by the sea also mean greater amounts of sunlight, which is an important source of Vitamin D that helps to increase your immune system, aids bone strength, increases endorphins, and is also believed to lower the risk of some types of cancer, bearing in mind that you should protect your skin from its potentially harmful rays.

  2. Soothing Sounds

    3. Homes by the sea guarantee the lulling sound of the waves to serenade you each night, for those who like to leave their windows open rather than use the air conditioning. The soothing sounds of waves are peaceful, relaxing, and meditative, helping you sleep better at night as they alter the wave patterns in your brain. A good night’s sleep or a deep meditation can do wonders for your state of mind and inner peace.

  3. Fresh Seafood

    4. If you purchase a home by the sea, then you can indulge in fresh seafood anytime of the year. If you enjoy eating Mahi Mahi, Tuna, Oysters or shrimp, then Cabo San Lucas or Riviera Nayarit in Mexico are perfect options when choosing homes by the sea. In these top destinations, you won’t need to go to the supermarket for your fresh seafood as you can catch it yourself or go to one of the seafood stands by the beach. The prices are affordable and fresh quality fish is available year-round.

  4. Exercise for Free

    5. When you choose homes by the sea, you won’t need to pay for costly gym memberships, because you can get plenty of exercise at the beach for free. You can go swimming, paddle boarding, kayaking, surfing, and beachcombing. Just swimming in the ocean can burn 200 calories. At Villa La Estancia in Cabo San Lucas or Riviera Nayarit you will have the added benefit that your home by the sea includes access to a state-of-the-art gym and swimming pools.

  5. Boating

    6. Homes by the sea bring with them the possibility of investing in your own boat or renting one for special occasions. In top beach destinations like Riviera Nayarit and Cabo San Lucas you can enjoy fishing tours, pleasure cruises, and adventure tours any day of the week. You can even charter a yacht, which is what many snowbirds do, because then you will have a captain and deck mate to take care of you throughout the day.

Ready to start looking for homes by the sea? Browse our website or consider our Try and Buy offer.

by VLEAdminRE,
Promo

FAQ – Fractional Ownership and Real Estate at Villa La Estancia

What is a Fractional Ownership at Villa La Estancia?

Fractional ownership is the name given to the shared, deeded, ownership of a property wherein a number of “partners” own a percentage of the same property. Villas in this particular program at Villa La Estancia are fractionally divided into eighths (6 weeks) and quarters (13 weeks) of the year.

Where did the concept of fractional ownership originate?

The idea of fractional ownership itself has been around for a while; friends, families and business associates have been pooling their funds to buy property for hundreds of years! In fact, in the 1990s fractional jet ownership became quite popular!

Is Fractional Ownership the same as Timeshare?

No. Fractional ownership occurs when the buyer purchases a percentage, or fraction, of real estate, rather than units of time or points. Each fraction can appreciate in value according to market patterns and each owner can sell their share of the property whenever they wish to!

How do I know my schedule for use?

When you purchase a fractional property at Villa La Estancia you will be given a schedule of use, so that you can plan years in advance, if you wish. The schedule is a fixed rotatation, so you will be able to calculate easily when your property is free for you to use.

As a fractional interest owner, will I have exclusive use of the property?
During your allocated weeks, you will have exclusive use of your property. No matter if you are using your property or not, the unit will not be occupied by anyone else during your scheduled time, unless you wish to rent it privately or through the hotel. You can leave it empty on some of your days, or turn up halfway through your allotted time, if needs be. It is entirely up to you how much use you make of your time. Only other fractional owners and their guests will use the property during their scheduled times.

Who are fractional properties really for?

This type of ownership is perfect for you is you want the benefits of owning a vacation home but couldn’t afford or justify full ownership. One of the great things about fractional ownership is that you’ll usually be able to get a more luxurious property than you could otherwise afford on your own, likewise you’ll be in a very exclusive and secure community, complete with management services! Owning luxury real estate becomes more affordable.

Once you get the taste for fractional ownership, you will find that every time you visit Villa La Estancia, it feels like you are coming home. You will own a wonderful piece of real estate without having all the responsibilities!

How do Fractional Villas differ from residence clubs or condo hotels?

Both vacation home models offer luxurious accommodation and great services; however, fractional ownership Villas offer a greater sense of permanency! When you purchase membership at a residence club, you are signing up for a like for like unit at a resort rather than a specific residence that you will use each time you arrive. Instead, you enjoy suites with a similar, or the same, floor plan. With fractional ownership, you stay in the same residence every time, so you really cultivate a sense of belonging, and, as an added bonus, when the property appreciates you are entitled to your share!

Can I have guests stay at the property?

You can have any guest you wish at your property during your allocated time! During this time it is, essentially, your home so you can invite whomever you wish, whether they be family, friends or business partners. In fact, if your schedule is too hectic, you can allow others to use it in your stead. Guests, however, are your responsibility and will be required to respect the bylaws, rules and guidelines at Villa La Estancia.

Can I rent out my unused time?

Of course you can! If your schedule is too tight to allow you to make use of your priority time then you can rent it out to make a little money for your next vacation! Some Villas will qualify for exchanges, and tax benefits. Your tax advisor will be able to determine what these might be for you.

Do I have the same tax considerations with fractional ownership as with purchasing the entire property exclusively?

When you have the benefit of fractional deeded ownership of a property then you gain the same privileges and responsibilities that come with owning any other piece of real estate. You will experience potential appreciation, depreciation, interest and expenses just as you do with your first home, and you may sell or rent your priority time whenever you so choose. You should discuss your individual tax circumstances with your professional tax advisor, however.

Can I finance my purchase?

For a limited time, the developer at Villa La Estancia is offering financing, with a typical deposit of 25%, for up to 10 years. Most owners choose to pay entirely in cash, or to pay for their share with equity from their primary home.

Who maintains the property?

The property manager will oversee the maintenance, housekeeping and care of your Villa on an ongoing basis. The expense fees that you pay cover this cost, as well as the cost of repair and replacement of items damaged through wear and tear. The real estate fractional property will be kept clean by a professional housekeeper, who will in turn be supervised by the management team.

Any specific damage caused by accident, or otherwise, by owners and their guests is the responsibility of the owner of the priority weeks when the damage occurred. Local professionals will maintain the pool and gardens on a regular basis and any painting and repairs required for the Villa at large will be provided as and when needed.

Can I sell my share in the future?

Certainly; while we hope you will want to keep your fractional share permanently, you may sell it whenever you wish to do so. Resale shares are generally listed with a local real estate agent who will promote and oversee the sale of your share. You can also advertise in publications such as magazine and newspapers to sell your share just as you would any other real estate property that you own. If a fraction of the property you have invested in comes up for sale, you could also opt to buy that section of the villa, too.

by VLEAdminRE,
Destinations, Real Estate

Reasons to Retire in Mexico

Retiring in a foreign country has long been the fashion in the United States, Canada and Europe since the first wave of baby boomers began to take early retirement; so why is retiring in Mexico such as popular choice for North Americans?

There are so many reasons that make retiring in Mexico such a great choice. Whether you have retired early in your 40s or 50s, are reaching the state retirement age or are a fighting fix octogenarian looking for a location where you can afford to grow old in style, Mexico has so much offer. Let’s take a closer look at why you might retire in Mexico.

Warm Weather

Many people choose to retire in Mexico looking for warmer weather conditions, avoiding harsh winters and enjoying the sunshine throughout the year. For this reason, the popular locations for retirement in Mexico tend to be on the coast, locations such as Puerto Vallarta, Cabo San Lucas and Cancun, for instance; although many retirees opt for temperate climates in land which boast eternal springs rather than eternal summers. Living in locations that boast warm weather and sunshine throughout the year can do wonders for our health, skin and moods thanks to increased levels of vitamin D and serotonin from the sun.

More Affordable

Your pension and savings will go a lot further in Mexico and you can expect a higher standard of luxuries on a lower budget. Real estate is more affordable and many who choose to retire in Mexico can afford to keep their house back home as well as their second home in Mexico to escape the winters. Likewise, more luxurious properties become more accessible and you can spend out on amenities like swimming pools, jacuzzis and maid services, which all enhance your quality of life.

Excellent Private Medical Care

Excellent private medical care is available in Mexico, which has seen a huge rise in the popularity of medical tourism for both essential healthcare as well as cosmetic surgery. You will find that you will be able to afford a better health care plan for less in Mexico, or indeed discover that your health care coverage from home is extended over the border. On another note, home staff and caregivers are much more affordable in Mexico, so you might find that care for elderly members of the family can continue at home, without having to resort to using a residential or care home.

Making the Most of Life

Many retirees feel more at home in Mexico than in the US or Canada due to the spirit and warmth of the Mexican culture and people who so appreciate foreigners and their investment. The hospitality of Mexico is renowned and setting up home in the major tourist areas will offer you the chance to live that warmth firsthand. Retirement is the time of life when you should live your dreams and try those things you have always wanted to do but had too many responsibilities back home. Mexico’s laid back attitude and vibrant culture is the ideal stomping ground for those looking to let their hair down and live life to the full.

by VLEAdminRE,