Over the past decade, Mexico has seen a rise in the number of expats. People living in the North of Americas are turning to this beautiful country for the plethora of great experiences it holds. Most of these expats are people looking to enjoy a laid-back lifestyle which involves surfing and relaxing by the beach.
Once you have decided to move to another country, here are a few reasons why you need to settle in Mexico as an expat.
- Amazing Food.
- Friendly People.
- Rich Culture.
- Awesome Beaches.
- A Variety of Watersports Options.
- Warm and Loving People.
- Closest to America and Canada.
As a matter of fact, the rise of Mexican real estate has been attributed to the influx of expats from all over the world. Moving to another country can be tough…But things will be a lot easier if you have a place you can call yours.
Buying Property in Mexico
If you have made up your mind to spend the rest of your time in Mexico, renting a house is not considered to be a good option. Here are some reasons why you need to purchase your own home once you arrive in Mexico.
Getting a Mortgage is Easier Than You Think
There are three tried and tested ways to get funding for your real estate dream. You can go for any one of the following.
- Agente Hipotecario or Mortgage Brokers.
- Developer Loans.
- Owner Financing.
Once you decide on which way you want to go, you can easily purchase your own home and be free from having a landlord hovering over your head.
Buying Helps Save More in The Longer Run
A real estate purchase is better than renting because it helps save money. You will be spending an average of $700-750 a month on your rent and day-to-day expenditures. In short, you can save money by cutting out on rent and other expenses.
On top of that, if you decide to head back for a month or two, you won’t have to hold onto the place and keep paying the rent. You can just vacate the place and use it as a rental property. Or even sell it for profit.
Mexico is Calling
The beautiful beaches, the shining sun, and cool sea breeze await you in Mexico. The amazing culture and people make it one of the most beautiful countries to live in.