If you are looking for the best seaside vacation homes at the most affordable prices, Mexico has the lot to offer when it comes to ocean views, sunsets, water sports, activities, and amenities in their vacation home rentals.

It wasn’t that long ago when foreigners of Mexico were not allowed to own or invest in beachfront real estate, which left a lot of “would be” buyers frustrated, knowing there was cheap oceanfront property available in a prime location but the opportunity to own or invest in beachfront real estate in Mexico was nil.

In 2005 the government of Mexico enacted fideicomiso, which is roughly translated to mean real estate trust, making it possible for US and other foreign investors to purchase the cheap oceanfront property available, making Mexico a popular spot for exclusive luxury style residences and a haven for beachfront real estate investments

What Makes Mexico a More Affordable Vacation Home Choice?

One of the biggest reasons that vacation homes are more affordable in Mexico is the fact that the value of Mexican currency has historically been consistently lower than US or other foreign currency.

Foreign investors having the opportunity to buy property and the need for economic stimulus in Mexico, has brought back the long forgotten idea of finding cheap oceanfront property and has made it a reality again.

Not only is the property less expensive to buy but the cost of building, staffing, and everything else that comes with developing vacation home rentals is far less expensive too. Some of the savings seen by developers is being passed down to the vacation home renters, keeping the cost of vacation home rentals at a very modest rate.

Naturally the lower cost of vacation home rentals in turn is bringing an increase in visitors. This makes it a win-win situation for both investor and consumer. Just as an example of the savings you can expect, consider this…luxury beach villas in Florida, with the same amenities and features will sometimes cost you two or more times the rent of a vacation home south of the border. The dollar doesn’t go near as far stateside as is does in neighboring Mexico.

The Trend in New Beachfront Real Estate Development is Luxury

Luxury beach villas with on-site golf course, tennis court, spa, and personal chef are just examples of the amenities you’ll get to choose when searching a vacation home in Mexico. The trend in the development of beachfront real estate has been to provide exclusive, luxurious residences and vacation homes with more amenities than thought imaginable. You’ll also find that you’ll have a unique choice in architectural features in many of the seaside vacation homes available. Luxury beach villas, with walls that seem to disappear, expanding your living area to the beautifully landscaped stone deck and allowing you the full enjoyment of beautiful views and seaside breezes.

It’s Not Just The Price That Makes Mexico a Great Vacation Home Area…

Mexico offers a vacationer a wide variety of lifestyle settings. A tranquil way of life, where clear skies over serene deserts engulf you or a busy tourist filled beach with amusements and lot of fun for the family. Some of the most popular spots are just minutes from the California border. And include Northern Baja, Cancun, Puerto Penasco, Los Cabos, Puerto Vallarta and San Miguel. Northern Baja is the major center of ecotourism, with whale sanctuaries, coral reefs, surf destinations, and desert areas with exotic animals and plants. Visitors come to enjoy the cactus covered mountains year-round, the soft beige sandy beaches, and the sparkling waters of the Pacific or the Gulf of Mexico. Baja boasts every type of available activity, including hiking a desert wash, kayaking, walking the miles of uninhabited beaches, boating, shopping or bird-watching.

Mexico real estate. Living, retiring and Investing.

Mexico has many things going for it, when I moved here 8 years ago things were slow and 3rd world behind but today its evolving quickly and become a cool place to live in part or full time.

I settled with my family on the South East coast of Mexico for many reasons, the weather, the beaches the warm water of the Caribbean and mostly, the people are slow and easy to live with. My kids now 12 and pushing 20 love the schools and social life and yes they speak Spanish fluently, I on the other hand only speak 30%.

There is so much to do on the East coast and we get over 6 million tourists a year especially when snow is North many will be here escaping the winter or high taxes and expenses.

As a real estate agent I have seen huge development over the last 5 years, to call it a boom is correct but one can still find a new modern home for under $150k close to all modern shopping malls cinemas or the beach.

Living or retiring in Mexico is a great move. Super new hospitals and low medical expenses. Low taxes, low costs, a slower easier pace of life.

Real estate investing does well for many people who see the boom and demand for new homes villas or condos and we still have low costs and land costs. I build both homes and condos for offshore investors and they are happy with double digit returns and no risk. www.primeinvestmentrealty.com

Many Americans, Canadians, Europeans have moved here in the last few years either full or part time as they own a vacation home or villa and rent it out when back North. I lately heard 7 million now in Mexico and increasing with popularity.

For those of you ready to move to a warmer slower pace of life I will be glad to assist with your move if you want a condo home or villa near or on the beach in Paradise.

www.playacondorealty.com

Dave is retired but always active with real estate in this part of the world.

davereinvest@gmail.com

Have you ever thought about a second home in an area with a seaside view and warm weather? Many people plan of buying a second home in Mexico, after paying off the mortgage of their first home. Cancun, Mexico is one such place, that you may consider for buying a second home and with slowdown in the housing market, even prime locations are easily affordable and within the reach for anyone who has a stable job. And homes that are nearer to lakes, mountains and beaches are always a good investment. You can sell these homes with a good profit in future, when the market conditions are normal or at peak.

But before finalizing the deal, it would be good that you check out area around your property thoroughly, as many vacation destinations are marooned and lonely and hence quite depressing during the off season. If you want a home at a silent area then its fine, otherwise you need to make it sure that the property you are considering for buying is a bit lively even during the off peak season. If you plan to resell the property for making profit, then ensure that the area you are investing is attractive, has all amenities and facilities even during the off periods.

The common mistake often repeated by many is to invest on the cheapest property that is available in the market but these may not be a good investment. Your choice should be determined by what suits your requirement and budget. You should not ever buy something just because it sounds cheap. What may happened is that you might have to incur more on repairs, fixing leakages and other kind of maintenance costs to make a cheap property suitable and safe for you and your family. It is natural to be tempted by a better bargain, but be careful before buying any Property in Mexico that can later burn a hole in your pocket.

The important thing you should keep in mind, while buying Cancun Real Estate or Riviera Maya Real Estate is first that the home should have at least two baths and bedrooms that will suffice your family friends. And other reason is that most tourists look for two bedroom villas or residences. This will make your property much better resale option. Also, buying a property that is convenient from transport point of view, as homes at remote area might sound exciting but is not advisable from convenience and security point of view.

Hopefully, these few tips will help you when you go looking for your second home in Mexico.

Author: Aniruddha Badola