For some people, owning a Mexican vacation home
home is a cherished dream. From an economic perspective, it makes sense, and regardless of your age right now, there’s no better time to build one than right now.
You’ll definitely get your money’s worth of gorgeous, sunny days in Puerto Vallarta from November to May. If you normally dread the thought of winter, and November gets you down, building a Mexican vacation home may be just the tonic to cure your winter blues.
You see, the sun shines pretty much daily down here throughout the “winter” months. It rains occasionally, but not much and not for long. The rains come in May, when the weather up North is warming up. If you could spend November to May in Puerto Vallarta and May to November up North, you might never actually see snow again.
If you spend a significant amount of time in Mexico each year (180 days or more), within five years, you’ll be eligible to upgrade your FM3 visa to an FM2 “immigrant” visa. This distinction is important because it allows you to claim residency status for tax purposes. Your Mexican vacation home will receive favorable tax treatment.
Your FM3 visa allows you to bring your vehicle into Mexico. Some might be scratching their heads at the “benefit” of this, but in Mexico, you don’t pay annual registration fees for your vehicle. That’s right – no vehicle taxes. No plate renewals, no use taxes. Nada. If you spend six months here and leave your vehicle behind, leave the existing plate on it and say goodbye to high vehicle registration costs.
Once you come down here, you’ll see why so many people look forward to spending time in their Mexican vacation home. Life truly is different here – in a good way!
If you’re considering the purchase of a Mexican vacation home, and you’re looking for the ideal location, contact a Select Mexico Properties sales representative today. We have hillside lots that overlook the ocean. You won’t find prettier building sites than these anywhere around. Best of all, they’re reserved for residential construction. Once you see them, you’ll know why so many people are interested in building their Mexican vacation home in San Pancho.
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