Moving to a warmer climate is a dream for many people who live in the north. Cold winters take their toll on both body and spirit. For years, Florida was the retirement destination of many. As the cost of living increased there, other retirees chose Arizona, New Mexico and Texas. The same “cost-of-living creep” has invaded these locales at a time when retirement account values are falling, real estate prices have risen substantially and many Americans are wondering whether they can afford retirement at all. Fortunately, a Puerto Vallarta second home may allow retirees to enjoy the best climate and offer a substantial reduction in the cost of living.
A Puerto Vallarta second home is within a few hours of most major American cities by air. Family and friends will always be nearby. The cost of essentials – housing, health care, personal services, prescription drugs, and energy are comparatively low in Puerto Vallarta. The cost of electricity is higher, but that’s offset by the elimination of heating costs in the winter.
Temperatures in the Puerto Vallarta “winter” are in the balmy mid-70’s. In the spring and summer, many winter residents choose to travel back up North to avoid Puerto Vallarta’s rainy season. The rains aren’t bad, but after you’ve spent a beautiful winter here, the rains can be disappointing! Summertime temperatures are in the mid- to high-80’s – much lower than the stifling heat you’ll find in places like Florida and in the desert southwest.
Puerto Vallarta second homes are naturally protected from summer hurricanes by Banderas Bay. You won’t find the damage and destruction in Puerto Vallarta that you’ve seen from Atlantic storms in the past few years.
Puerto Vallarta second home owners also take advantage of the low cost of living here. Excellent medical and dental care, including specialty care, is available here. You would have a hard time distinguishing the most modern Puerto Vallarta hospitals from hospitals in the US. Puerto Vallarta second home owners also pay much lower taxes, and after five years of part-time residency here, you’ll be eligible for residential tax status – which represents additional tax savings.
There are so many reasons a Puerto Vallarta second home makes economic sense. If you’re contemplating retirement and you believe your savings aren’t sufficient for you to retire when you planned, contact a Select Mexico Properties sales representative today. We can show you how to retire in style!
Photo Credit: Melissa Dixon
Relevant Tags:housing values, puerto vallarta second home, retirement destination, winter temperatures
