Like many Canadians, I had a dream of owning a beachfront vacation home.
In Canada we are blessed in many ways. We sometimes tend to take things for granted. One thing that rarely affects us directly is hurricanes. We hear about them in the news and their devastating effects in far off lands. If you are looking to buy Mexico real estate or beachfront real estate anywhere in the world you need to know the risks. There are partial hits and direct hits, there are also differing severity and strength classifications for hurricanes, class 1 (the weakest) up to class 5. You don’t want to have your investment, and hard-earned money blown away by Mother Nature. When I toured the coasts of Mexico, I saw regions like Progresso in the Yucatan where 8 out of 9 houses were still in ruins from a hurricane that passed through 13 years earlier. It was then I realized that my biggest risk to an investment in oceanfront real estate was hurricanes. It is your biggest risk as well.
#1 Mistake Canadians & Americans make when buying Mexico Real Estate:
They buy in a medium or high-risk hurricane zone
Recommendation: For the safety of your investment, and the safety of your family, buy your Mexico Real estate in a low-risk hurricane zone. Research and identify the high risk, medium risk and low risk hurricane areas for Mexico real estate.