Should I buy or rent a home in Mexico?
If you have not spent a lot of time in Mexico, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"We bought a condo that we lived in for 9 years, then sold it and built our house. I is a very easy process, as long as you have a good realtor," said another expat in Manzanillo, Mexico.
"Buying a home in Mexico can be a great opportunity to acquire a property in a country where you will undoubtedly find a vibrant culture and beautiful scenery. However, as with any purchase, it is essential to consider a variety of factors before committing to a home. Renting a home in Mexico is also a good option because you can try out an area before making a large investment. Additionally, you may be able to benefit from cost savings associated with renting a home, as the maintenance costs and property taxes are the responsibility of the homeowner. Ultimately, it comes down to your personal preference, budget, and lifestyle," wrote a member who made the move to Mexico.
Welcome Home MexicoConnect
Welcome Home Mexico occupies a niche in the market as a successful relocation and real estate firm helping expats moving to Mexico! As seen on CBS news, PBS, in the L.A. Times and more, we are one of the leading companies in this field. Welcome Home Mexico offers a wide range of services, multi-lingual knowledgeable brokers with experience, efficient and professional service.
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Welcome Home MexicoWelcome Home Mexico occupies a niche in the market as a successful relocation and real estate firm helping expats moving to Mexico! As seen on CBS news, PBS, in the L.A. Times and more, we are one of the leading companies in this field. Welcome Home Mexico offers a wide range of services, multi-lingual knowledgeable brokers with experience, efficient and professional service.
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Other Questions:
- What do I need to know before retiring in Mexico?
- How do I meet people in Mexico?
- What is life like in Mexico?
- Is there a lot of crime in Mexico?
- Is there a lot of diversity? Are people in Mexico accepting of differences?
- What are the schools in Mexico like?
- Is the cost of living in Mexico high?
- What advice do you have for expats having a baby in Mexico?
- What are healthcare services like in Mexico?
- Is the cost of living in Mexico high?
- What type of recreational facilities are in Mexico?
- What is the weather like in Mexico?
- Are there good restaurants in Mexico?
- Where will I buy groceries and do other shopping in Mexico?
- What are the visa & residency requirements in Mexico?
- Are healthcare and health insurance expensive in Mexico?
- What do I need to know when buying property in Mexico?
- Are foreigners allowed to own property in Mexico?
- What appliances are typically included in a rental?
Should I buy or rent a home in Mexico?
If you live in Mexico, newcomers to Mexico would love to hear your answer to this question.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
