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Everyone
interested in retiring or investing in vacation home in México
needs to know the costs involved in operating and maintaining
the property.
Many people will agree that the ideal retirement scenario is
November to May in Mazatlán and somewhere cooler June through
October. Apart from having the best of two climates is also
makes a lot of economic sense as well.
In Mazatlán the average winter temperature is in the mid 70's.
There is no heating in the homes and there is no need to buy
expensive winter clothing.
Propane which is used for the gas stoves, gas dryers and
water heater. The cost of gas for average use is about $20.00
USD per month.
Electricity is inexpensive in the winter months as there
is no need for air-conditioning. The monthly average from
November through April is about $50.00 USD per month. In the
summer it can cost from $ 150.00 usd. or more to aircondition
your home.
Water is reasonably priced all year round and the bill
for the average family would be less than $5.00 USD per month.
Telephone charges run from $15.00 to $20.00 per month but
there is now a local charge for each call after 90 calls per
month. Also there is now the option of getting a cellular phone
that you can use only when you are here.
Domestic Employees: The cost of a full time maid (6 days
a week) runs about $40.00 USD a week or on a part time basis
will cost about $2.00 an hour. This includes everything from
washing windows to cooking meals. Some foreigners feel
uncomfortable having help in their homes but believe me, when it
comes to sweeping and mopping the miles of tile floors you'll be
very grateful. These employees can also help you learn Spanish
and will be your window to the Mexican Culture. A word of advise:
Full time employees should be registered at the Mexican Social
Security which gives them access to benefits such as health
insurance for their immediate family, day care centers, pension
plans and government low cost housing. The cost is approximately
$50.00 USD per month.
Property Taxes: The yearly property tax for the average 3
bedroom home in a good area is about $200.00 USD.
Trust Fees: To own property in México near the coast or
the borders, foreigners need to establish a
Bank Trust.
The yearly fee is about $400.00 USD.
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