HOA

The monthly fee for the Home Owners Association includes the following services:

1. Public Lighting.
2. Garbage collection.
3. Maintenance of common areas.
4. Painting the house once a year.
5. Monthly lawn Trimming.
6. 24/7 Security.

Depending on the type of house, fees fluctuate from $113 - $205 dlls. a month. These amounts will increase annually depending on U.S. inflation.

Financing

There are several American financial institutions that lend money to buy a second home in Mexico, it is possible that your bank can offer you an alternative.

For our company reliability, the products we offer and the prices that we have, many of our customers prefer to pay us in cash or through a subsidiary company that offers an APR of 4.9% within 10 years and with a down payment of 30%.

For example, a house worth $159,000 dlls, the down payment is $47,700 and monthly payments of approximately $1,175 dlls. for 10 years.

Ask one of our advisors for more information.

Taxes & Utilities

The payment of taxes by having a property in Mexico is much lower than in USA.

Some new buyers simply cannot believe it's so low, in a house valued at $200 K annual tax payable is less than $ 500 dlls.

In regards to utility services like, water, electricity, and gas, is also an advantage to live in Rosarito Beach because such services are provided no only in an efficient and professional manner but they are also very economical.

On average a family of 2 or 3 members will pay a year in taxes and services, about $2,000.00 dlls.

Others

There are some other expenses you should consider when buying a house in Mexico. These costs may vary based on the value of the house that is being purchased and the service provider.

There are the main concepts and their estimated costs. Take into consideration that most of these costs are in pesos, but for easier interpretation are expressed in dollars.

House Deed

This is a legal document by which the property is in the name of the purchaser. This document is certified by a Mexican notary public and the cost fluctuates between 4 and 6% of the total value of the house in accordance with the appraisal of the property.

Appraisal of Property

It is the document which certifies the price of the property. Regardless of sales value, the appraiser describes the general construction, materials, finishes, features of the property, location of the division among others. The cost is between $250 - 450 dlls.

Fideicomiso

In the case of foreigners (not Mexican) or not having Mexican Parents (in order to acquire Mexican nationality) you will need to apply for a Fideicomiso, this document is the legal and formal manner that the government of Mexico through its Foreign Investment Law has to grant permission to a foreigner to obtain the transfer of the rights of a property in Mexico. The cost for the first time fluctuates between $1,500 to $2,000 dlls.