How to choose the right housing in Mexico?

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Luckily for Americans who want to retire in Mexico, the U.S. dollar’s strength against the peso allows for some great real estate deals. If you want to rent in retirement in a city center, you can expect to find apartments starting at around $400, according to Numbeo.

A three-bedroom in a city center would only set you back only around $740 a month. If you’re looking for something more permanent, you can easily find a home for $200,000 or less. You’ll still have to pay utilities and property taxes, which typically totals around $300.

When you buy a home in Mexico, you can do so with a “direct deed,” in a local corporation or via a Fideicomiso (bank trust).

These options provide safe and trustworthy ways to buy a home and have access to homeownership rights. Plus, many Mexican real estate markets employ English-speaking agents to help you throughout the process without worrying about a language barrier.


Safety, an important factor when you choose where to live in Mexico

While most popular areas of Mexico are safe, violent crime is a widespread issue in many Mexican states. In March 2022, the U.S. State Department issued a level 3 travel advisory to travelers looking to go to Mexico, partially due to COVID-19. This means that the government is recommending increased caution, as it may be difficult for government employees or other emergency services to reach you in several parts of the country.

The level of warning is higher in some states of the country, however. For states Colima, Guerrero, Michoacán, and Tamaulipas, the State Department warns against travel due to high crime levels. If you’re looking for safer states, consider Baja California, Baja California Sur, Campeche, Chiapas, Hidalgo, Quintana Roo, Tabasco, Yucatan and more.

Source: Smart Asset

Mexico Daily Post