How much will I need to buy a house?

HOW MUCH MONEY WOULD I NEED TO BUY A HOUSE IN MEXICO?

  • If I sold one of my houses here in the U.S and bought one in Michoacan, Mexico so we would have a place to go to when we were their.Around how much could I buy a 2 or 3 bedroom for?.Someone told me an okay house is around 35 thousand is that true? Should it better to get someone we know to look for us one like on the street?

  • Answer:

    Like the others say it varies. You are best to find a lot, since you are not going to be there all the time. A contractor, with a crew, so they tell me, charge around 60cents a sq foot. Plus the cost of materiales. Cement and rebar and blocks to put up the shell is relatively inexpensive. You can choose the exterior and interior to your taste and budget. When the shell is contracted they will have it completed in very short order. Then you can take your time if you wish.

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hi Jessica, it really depends on where you go in Michoacan. for example a ranch house that doesnt have much land or indoor plumbing may go lots cheaper. I would suggest that you find someone that you trust to search the locale you are looking at, find something reasonable, video the ENTIRE house and surroundings. One option that you may find is cheaper is to build your own place where you want it, my brother in law did it for 15,000 in Michoacan. Make sure before you make any purchases that you can do so legally. I am not sure of the laws for US citizens owning property. http://www.ehow.com/how_4515562_buy-house-mexico.html This will give you some idea of what is necessary. http://www.ehow.com/how_4912963_build-house-mexico.html This is a guide on building a house. You do have options. By the way my father in law bought a house in a Small town for 25,000 with indoor plumbing, 3 bedroom and a parking space inside. You may not think the parking inside is important, but it is! Especially if you live in the city, or town.

hey it depends what are your needs i would not recommend living in michoacan becuase its very dangerous there are alot of drug lords but if u from michoacan what can do so recommend some where else like guadalajara that has everything like usa every is nears for everyday life but in michoacan i recommend to buy a apartment not a house becuase apartments are more safer than houses in mexio house in mexico are robbed more frequently in all mexico in cities only not in small towns but if u want a semi luxury house it will cost round 80k d up if u and a simple house it will cost around 30 k to 80 k but apartements are safe but they costa 40 a very luxious apt ok if u want more info i am mexican send me a messenge

Bjarki

I live in Baja and there are many different prices for all the types of homes down here. I guess the price depends on where and what part of town you want to live in. It's always a good idea too shop around and do as much research as necessary.

Tina

Grumpy(:

$80,000 - $100,000 for an "okay" 2 story, 3 bdrm, 2-21/2 bath house without air conditioning or heating or thermal insulation and with a small to nonexistant yard.

clontarf1002

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