Should I rent or should I buy in Mexico? Well, that depends on many factors. If you’ve made the decision to buy, please go to our post under Puerto Vallarta Real Estate. While the information is from a local broker in Puerto Vallarta, (Wayne Franklin) it will apply to all of Mexico when it comes to foreigners Buying Real Estate in Mexico.

Renting in Mexico comes in all shapes, sizes, and yes, of course, monthly rent payments. If you’re looking for high-end rentals, on the beach, etc., the best bet is to go with a well-established real estate broker in that city. On the flip side of that, you can very easily live in many parts of Mexico with rent being anywhere from $200 USD to $750 USD.

Priorities prior to making any kind of deal or lease with an owner or management company.

1. Know the area. When we say to know the area, we mean it. You should go to the location on both Friday and Saturday evenings around 9 pm. This is going to give you an idea of what kind of activity you can expect outside your unit on weekend nights. VERY IMPORTANT.
2. Make sure the until has all the amenities you’re looking for or at least has access to them. Items that we take for granted in the United States and Canada aren’t necessarily the norm in Mexico. I.E. … Hot water/water heater….washer/dryer or hook up for them…AIR CONDITIONING…FURNITURE…this is probably the most important information to look for. If they tell you the unit is Sin Muebles (without furniture) they mean it. This typically means no hot water, no furniture at all, no air conditioning, no stove, no refrigerator, no NOTHING!!!

With that being said, MexiDad has always rented long-term in Mexico to get the best price. While Sin Muebles can be a little scary to some, buying the items required to make the place liveable may still be the best financial bet.
MexiDad’s advice, do your homework. It will pay off in the end.