Do you want to buy real estate in Mexico? If so, you aren’t alone. Many foreigners are buying vacation homes, second homes or even retirement homes to move full-time to Mexico. As far as options, there are various types of real estate available. Mexico is a popular place to live because of its excellent climate, lower cost of living, delicious cuisine, friendly locals, and rich heritage. Plus, real estate is generally less expensive in Mexico than it is in the United States or Canada. In 2022, many expats choose to buy a dream home in Mexico with resort quality amenities and services. For example, Villa La Estancia is a luxurious hotel-condo development with locations in Cabo San Lucas and Riviera Nayarit. Contact us today to learn more because we’d love to show you what your dream home could be like. Meanwhile, read more below about buying real estate in Mexico.
Stand Alone Homes
For starters, you can buy a single family stand alone home in Mexico. However, it’s important to realize that homes in Mexico are quite different than homes in the States or Canada. For example, lot sizes tend to be much smaller in Mexico. Most homes do not have a backyard with grass and very limited space around the outside of their property. Likewise, most single family homes actually share common walls with their neighbor’s home next door. The style of a traditional Mexican home is comparable to a townhouse or attached single family property in the States or Canada. Also, most homes have a small back patio as opposed to a backyard with grass. Private homes can be located in gated communities with security, or in public neighborhoods which are usually closer to stores, shops, and restaurants.
Condominiums in Mexico
If you want to have your own home in Mexico, but prefer less maintenance than a stand alone home requires, a condo is another option. On average, condominiums require less maintenance and repairs than a standalone single family property. However, they are generally smaller in size than a single family home. So depending on how big your family is, and how often you want to be there, it can be a good choice or not. Plus, condos tend to cost less than a private home so it’s easier on the budget. Most condos have a homeowner’s association that will handle any issues related to the building which is a nice bonus. However, homeowner association services require a monthly fee. Lastly, one potential negative aspect of condo life is the risk of having loud neighbors since you will be living quite close to others.
Vacation Club Membership
There’s another option for people who want to buy a vacation home in Mexico without spending a ton of money. A vacation club membership allows members to prepay for future travel to spend a set period of time each year at their vacation unit. Also known as timeshare ownership, members get to vacation at a nice place each year and they save money over time by locking in low rates for future travel. If you want to learn more about timeshare ownership, make sure you only work with reputable providers so you can avoid becoming a timeshare scam victim. To learn all the details, sign up to attend a sales presentation and tour the resort. If you want to join, new members need to sign a timeshare contract, pay a deposit, and pay regular dues and maintenance fees as well. Once members, you can request to book vacation time on the official timeshare calendar. It’s best to always schedule your getaways ahead of time to improve your chances of getting your preferred travel dates.
Top Choice: Invest at Villa La Estancia
After reviewing all the choices available, many homebuyers decide to invest in Villa La Estancia. Our unique hotel-condo concept property is really ideal for people who want a dream home in Mexico. Our solidly constructed beachfront residences are elegant and spacious and finely furnished. Plus, we have wonderful onsite resort quality amenities and top services, too. For example, some of our amazing amenities include multiple pools, a fitness center, a spa, delicious onsite restaurants, a professional concierge, and room service. Also, we have 24-hour security to ensure that your loved ones and your property are always safe and secure. In addition, we offer full and fractional ownership options for qualified homebuyers. Fractional owners can use their residence for a set time period each year at a lower investment cost making it a great option for individuals who don’t want the full financial commitment of buying prime coastal real estate.
So, do you want to buy real estate in Mexico? If you do, contact us at Villa La Estancia today. We think you will see that our hotel-condo concept is an ideal choice for homeowners who want the best of everything. Our low-maintenance property has all the benefits of a luxury vacation home so that everyday will feel like a dream. Our elegant beachfront residences have amazing views and exclusive access to premiere amenities and services, too. Plus, we have great maintenance, security and management teams to make sure your loved ones and your property is always safe and secure. Currently, we have a limited number of beachfront residences still available for purchase in Cabo San Lucas and Riviera Nayarit just north of Puerto Vallarta. Contact us today at Villa La Estancia. We’d love to take you on a property tour to help you find your dream home in paradise.