Our Home in Merida, Mexico - 1 Year Later
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- čas přidán 31. 07. 2024
- Almost 1 year ago our home in Merida, Mexico in the State of Yucatan was completed. We had an amazing month there, then had to head home to the United States. In a few weeks, we'll be heading back, and so here I reflect on the positives and negatives of the past year.
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Quality Description tags: #Mexico, #Merida, #Yucatan, #RealEstate, #MeridaHomes, #parque #patreon
Peace!
Here's the update from several different perspectives. I hope you enjoy!!
I'm glad to see you're healthy and also your home is in great shape. I was lucky enough to visit your beautiful home for 2 weeks last year. My first experience in Merida was incredible. Thanks for your hospitality and best wishes in all your ventures!
That's fantastic, I'm so happy you enjoyed our home and the city! Come back anytime!!
Glad that you are back to good health. Your home is phenomenally beautiful.
Thank you so much. It's good to be back!
Amo sobremanera la forma en como aprovecharon el espacio estrecho del terreno para construir un hogar colorido, iluminado y amplio.
Muchas gracias, y estoy completamente de acuerdo. Nuestro arquitecto fue increíble, y mi familia está MUY FELIZ con nuestra casa. ¡Gracias por comentar!
Thank you Alex!!
You bet! Thank YOU!
Great info! I love Merida!
Thank you! We love it too!
So informative and helpful. Immediate follow. Thank you for the info.
I'm so happy you found it helpful!
We are on (your calle) as well! Great job on the remod, love your content, keep it up!
That's awesome! It's a good one for sure. Thank you and glad you're enjoying it!
That’s awesome thanks for the info
You bet! Glad you enjoyed it!
very informative, thanks!
Glad it was helpful!
Amazing! Awesome insights. My wife and I bought a lot at San Benito Beach and it has doubled its value since 2 years ago. Looking for an architect that know how to build on that area
That is awesome and thank you! I know Henry builds all over, but it all depends on what you're looking for. I love that area btw!
New subscriber. Very informative and what a great speaking voice.
Thanks so much for subscribing, and I'm happy you're enjoying the channel - information and voice included!!
We will be in Merida checking in on our Colonial Renovation the last two weeks of July. Hoping that it not quite as hot as it has been the last couple of weeks. Fingeres crossed!
You're not kidding about the heat, but I just looked it up and saw that it's hotter here in Kansas City than Merida! Either way, it's crazy right now. Can't wait to hear how you're renovation's going, I'm sure you're more than ready for it to be done so you can enjoy it!
Really cooool
Thank you!!!
We are going to move to Merida soon
Fantastic!
Great stuff.... I recently moved down there from Dallas. I'm in the Yucatan Country Club area - Compostela. Love the house and looking to get something on the beach. Would be interested in talking to you at some point about renting properties. Thanks for your video - your house also looks beautiful.
Just send me a text or email, and we can get on a call. I only know about my experiences, but I'm happy to discuss Merida any time!! YCC looks amazing, so it's no surprise you're enjoying your place. What area along the beach are you looking at?
Hey, Alex. I have seen a lot of your videos on your channel, and i have followed your building process for some time. The finished product looks amazing. Im travelling to Merida actually tomorrow with my wife who is mexican and me and my daughter witch are norwegians. Would love to stop buy and meet you if you are there😄?
First, thank you so much for following the channel, and our building process. It's really cool to learn when someone has been around for awhile!!
Second, I unfortunately am not in Merida now. If you guy are staying a few weeks, we'll be down towards the end of July, and would love to connect. If you are, just text me @ 816-727-7740!
Thanks again, and have an AMAZING time!
Unfortunately we are leaving the 15th back to Mexico city but I will definitely come back to Merida. Been amazing but very 🥵 so far. I'll be sure to send you a text next time. Thx for all the amazing and informative videos😊
I'm a quadriplegic moving down there in the next couple months looking at doing what you're doing possibly building something or investing foreign Airbnb and eventually looking for a permanent home for myself looking to hire someone to help us not sure if you do that type of thing but if you can recommend someone that would be amazing great videos by the way very helpful
I would call Elizabeth Rodriguez or Nicholas Sanders - both of their information is on the same website below. I know one big issue in Centro are the sidewalks there, which may be something to think about. Those two will help, and I can't recommend them enough!
www.yucatanbeachandcityproperty.com/agents
Thank you very much for your videos. Happy 2024! How much did you pay for your solar panels?
You are most welcome, it's my pleasure!
So we paid around $12,500 USD if I'm remembering correctly. It's a good size system, but I'm hoping to add to it this spring.
Happy 2024 to you!!
I have a question how much do you paid for your home? And how much is the price right now?
Original price of the home was around $115k USD, and our renovation (not including furniture, etc.) brought our total investment up to approx. $500k USD. I'm not sure what the current value is right now, but I would assume we're over $600k.
Everywhere in Mexico the housing prices are increasing. I don’t think I can afford the house that I bought just 5 years ago in Tlaquepaque.
You're not kidding, and it's not just Mexico either. Our house in the USA continues to increase as well. We're in a bit of a crazy market!
We went to Merida last year hoping to find a house to go to during the winter. What do you think about the fact that if you are not a citizen you can not truley own the land? We were told that you can lease it for 40 years. Then what? Please give me your opinion. Thank you. Also, what communitiy did you all actually build in?
Great question. The truth is, I don't mind it. The "fideicomiso" is the trust formed between the foreign owner, and in our case a bank. The trust is fully renewable every 50 years, and during that time the foreign owner has every right to ownership. It's technically over 50 years for properties with the "Restricted Zone" of Mexico, which is 100 km from a foreign border and 50 km from the oceans/gulfs.
So I don't worry about it at all. We all read that Mexico and the United States are always in disagreement, particularly regarding the southern border. However, the year Mexico became the United States' largest trading partner. There are a whole host of reasons why nothing will ever happen, and just a few of why it might be an issue.
Also we are between the Chen Bech neighborhood, and La Mejorada.
Is it normal to have walls like a military bunker? Is this for safety?
lol yes, it's very normal. In Mexico, especially in this area the main way to build is through concrete block, rather than wood frame. That and the coating are what create the "military bunker" looking walls. The positive where we are is that it gets very, very hot and this type of wall is a great insulator, so you're not roasting in your house during the day.
Lol I had to check my playback speed because I thought I had accidentally sped up the video 😂 lol NOPE it’s just the way you have it lol maybe you sped it up in editing or you naturally talk that fast? Hahaha lol anyways love the house I’m moving to Merida next month I can’t wait. Maybe one day I can interview you and your architect for my channel? It would be awesome to get the building perspective for my audience and introduce them to your channel as well 🤗
Yeah... I speak in-person more slowly than these videos, but they tend to get more watch-time when you speed them up. Good luck in your move, you won't regret it! Let me know if you'd like to talk some time, if I don't know the answer we'll find someone who does. Best of luck, again!
Great idea. I recently learned to up playback speed to 1.5 on all the stuff I watch on youtube. . .i can get so much information this way, and REMEMBER IT! @@AlexanderFromKC
Seems like a good plan!@@mariealexa9670
😂 I usually watch videos at 2x playback speed. But for this gentleman's videos, I don't have to. And I'm so grateful! 😅
Curious as to the price point of your home in U.S. dollars. Looks beautiful.
Thank you very much!
We purchased the home originally for approximately $115k USD. The build out was around $360k USD, and then we had furniture, kitchen wares, and all the things that fill a house. I believe that landed around $75k USD, all in.
I do try to tell people that our place isn't typical, at all. We had been wanting to buy a home in Mexico for years, and this just happened to be the perfect place and time for us. One of my favorite things is that as much as there is behind it, the front of the home looks "fresh", but just like anything else you might pass on the street. It's one of the reasons I love the city so much!
How did you get permission s to build,bought land but challenge s. Beautiful property . Congratulations.
The purchase has to go through a "fideicomiso" if you're a foreigner buying within Mexico's Restricted Zone. This can be setup through an attorney, we used one at Notaria 11 that our real estate agent recommended. It's basically a 50 year trust agreement that can be renewed once expired. The build permits and that side were (happily) the responsibility of our builder. Because our home is in Centro, we also had to verify plans with the INAH which makes sure certain aspects of the property retain their historic value/look. Our builder was Henry Ponce, who I highly recommend.
Thank you!
If the prices are increasing I hope I can still move there in the next few years :/
You’ll be ok. There are still places to be had, it’s just that there’s a boom in Merida like everywhere else. Also, inflation has made construction products go up like crazy. That’s everywhere though. By the time you’re ready, hopefully things will have calmed down, but no matter what you’ll be fine.
I am from Kansas City living in Sarasota, Fl and looking to retire in Mexico. How is this area for expats?
It's really good. Depending on your tolerance for heat, it can be a lot, but the city has about everything you could want for an "easy" transition.
I would leave Kansas City and go to Lawrence and live in William Burroughs’ house.
Can you recommend a home inspector in Merida?
Unfortunately I can't, simply because we did use one during our purchase process. If you join the Facebook group, I'm sure someone would be able to recommend someone for you! Sorry about that.
@@AlexanderFromKC Okay, my membership is pending.
Checking back in - You should've been approved, but I never see responses on YT.@@motowninvestor
$4K a month?! Jeez
I know the sticker-shock, but if you saw the house, even in Merida I think you'd understand why. Plus, four bedrooms are available to renters, so 4-8 people makes it a little easier too!
👁J👁
PLEASE READ
PLEASE READ
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Nice place... great job..!!!!
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Overall, cost per square foot after throwing everything in for your build...?.
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How long did it take to complete the project.
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How difficult is it to complete a new-build, without a strong grip on the Spanish language...???
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I was looking at several architectural remodeled colonias to purchase I had not considered doing my own custom build out.
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I'd have to think about the price per square foot because we have a lot invested in the outdoor areas which don't normally contribute to that. All-in cost was around $600k, but that's furniture, appliances, etc. included.
Our project took a little over 2 years, but most of that delay is thanks to COVID, and the initial design process and building application took a lot of time too.
Difficultly is 100% going to depend on your architect/builder, which is why we went with Henry Ponce's team. Our build was (relatively) easy, but I've heard some crazy stories. It's worth it to pay a premium for an architect with a great reputation. The language barrier was made easier because many on his team speak English, so they'd just pass on the information.
The remodeled houses can be great, but we knew we wanted to customize our house, and there was just no way to do that any other way. Thanks to that we have been able to do everything just how we wanted it!
I'm a quadriplegic moving down there in the next couple months looking at doing what you're doing possibly building something or investing foreign Airbnb and eventually looking for a permanent home for myself looking to hire someone to help us not sure if you do that type of thing but if you can recommend someone that would be amazing great videos by the way very helpful
I would call Elizabeth Rodriguez or Nicholas Sanders - both of their information is on the same website below. I know one big issue in Centro are the sidewalks there, which may be something to think about. Those two will help, and I can't recommend them enough!
www.yucatanbeachandcityproperty.com/agents