Mexico
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 an empty lot and built a house on it. Had to get construction permits, since I was a resident at the time it had to be in my wifes name as she is a citizen," remarked another expat who made the move to Apizaco, 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," explained one expat living in Mexico.
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William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
William RussellWilliam Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
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Other Questions:
- What do I need to know before moving to Mexico?
- How do I find a place to live in Mexico?
- What is a typical expat home or apartment like in Mexico?
- What is the average cost of housing in Mexico?
- Should I buy or rent a home in Mexico?
- What should I pack when moving to Mexico?
- What cultural faux pas should I try to avoid making in Mexico?
- Why do people move to Mexico?
- What are healthcare services like in Mexico?
- What are medical services in Mexico like?
- What are typical rents 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 joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat 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.
