The Lake Chapala area has become an increasingly popular retirement destination in the last 2 years. With a recent shortage of resale homes, more and more expats are now considering the option of purchasing land and building. For some, this is a great idea. For others, it can become a living nightmare. So what are the pros and cons to building in a foreign country?
Is it really worth the risk and bother?
And how is it different from building “up north”?
Pros: Can be a good
Buy or rent? The age old debate. What are the factors to consider about buying a home in a foreign country? Are they any different than buying in your home country? Let's find out. Pros: Make the changes that you want: Personalize your home perfectly to your tastes. If you find a home you like in an area that you love, it is very inexpensive to have improvements made as labor is cheap. Do you want to take out a wall? Add skylights or fireplace? Re-do the kitchen? No problem,
Everyone coming down to Lake Chapala wants to rent. Great idea! You absolutely should rent for a while and preferably in different places to get a feel for the different areas. But renting long term, just like buying, has it's own advantages and disadvantages associated with it. So what are these? What's good and what's bad about renting in Lake Chapala? Advantages You get to try different neighborhoods: Probably the number one benefit to renting especially if you are conside