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By now, you have probably heard about the booming Mexico market and all of the fabulous opportunities it has to offer.
There are many other perks to living south of border besides the cheaper cost of living that you will find there.
Mexico provides a great place to retire and begin anew, or a relaxing vacation spot for you and your family to spend the summertime. Regardless of your purpose, moving to Mexico for the rest of your life, or for just a few months out of the year can be a very rewarding experience, but there are many things to keep in mind.
After all, even though Mexico is our neighbor, it is still a completely different country.
A recent article posted on LoanforMexico.com, “Retire and Move to Mexico,” discusses some very important things to remember and consider when making the exciting move to Mexico.
One of the main reasons why Mexico has become a popular place for U.S. residents to lay down roots and buy property is because of the stress free lifestyle made famous there – much different from the fast-paced world of America.
Of course, the low cost of living and rich culture doesn’t hurt either.
“Moving to Mexico puts new residents in the middle of a rich culture and a place that is renowned for its climate, architecture and delicious food. More modernized than many parts of Latin America, Mexico has better highways and an infrastructure that allows foreigners to stay connected via telephone and Internet. Its low cost of living allows residents to splurge on luxuries and take advantage of world-class resorts nearby. Sometimes known as the land of stress-free living, Mexico provides the ideal setting for relaxation and pursuing hobbies. People tend to spend more time relaxing and enjoying life, the beautiful scenery, and the friends and family around them.”
Once you have decided that Mexico is the place for you and have found some property in the ideal location, it is time to begin the big move. But there are many things you must have prepared in advance. One of those things is a visa.
“In order to live in Mexico, residents need a visa. There are three types: the FMT, FM3 or FM 2. A FM3 visa is for people planning to live in Mexico for more than six months. With an FM3, it is possible to work in Mexico. With retirement communities growing throughout the country, Mexico is becoming a more and more popular place for Americans and Canadians to retire.”
The reason we are seeing more and more retirees head south of the border is also because health care is much cheaper there. Experts estimate that elder-care in Mexico costs about one-fifth as much it costs in the U.S., which is quite a significant difference.
Although there is a growing amount of Americans settling in Mexico, it is important not to forget to immerse yourself in the people and culture of Mexico once you get settled down there.
“A common mistake made by people who move to Mexico is failing to explore and experience living in Mexico before making a final commitment. Transitioning to a different lifestyle can be a much greater challenge than expected. Avoid the all or nothing approach by moving to Mexico carefully, one step at a time. Start learning Spanish; although residents can definitely get by without it, the experience will be easier with the basics of Spanish.”
Contact LEI Mexico to see what properties await you in Mexico!
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