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Cost-of-Living: Below the U.S. National Average

 

 

Mexico Retirement Communities

 

Villa Alegria

80 Paseo de la Media Luna

Tequisquiapan, Queretaro, Mexico

Expatriate Retirees Come to Villa Alegria in Wonderful Tequisquiapan, Mexico to Find Affordable Homes and a New, Welcoming Community

 

 

 

 

Retirement Communities

 

 

55+ Master Planned Developments

 

 

 

 

 

 

 
Located in the charming Colonial town of Tequisquiapan, in the Mexican state of Queretaro, is the new active adult (55+) retirement community of Villa Alegria.  This is a small development, with just 21 homes, and at this writing, only one home is built, but reservations and down payments are being accepted now.  Villa Alegria will be home to Mexican retirees and expatriate retirees, most likely primarily from the U.S. and Canada.  Retirement here is not the same as in the U.S., and anyone considering Villa Alegria must be willing to fully experience the Mexican culture, its language and people.

 

 

The homes will have one story, 1,184 sq. ft., two bedrooms, two full baths, a living room/dining room, a well-equipped kitchen with granite countertops, access ramps, five panic alarms, smoke detectors, wide doorways and a laundry room. Each home is separate from the other and sits on 1,550 sq. ft. of land; construction is a concrete slab foundation, concrete block walls and a concrete roof.   Finishes are concrete plaster and ceramic tile.   There are no official building codes in Mexico, but this construction method, while not found in the U.S., is common and should not deter potential buyers.  Homes are priced from $1,600,000 Pesos, which at the current exchange rate, is roughly $155,000 USD, significantly less than the average U.S. home price.  From the United States or Canada, call 011-52-414-273-5096 or visit www.villalegria.com.mx for more information.

 

Although only one model home is open so far, the community already has a clubhouse, a game room, a pool and lushly landscaped grounds and gardens.   The clubhouse will have food and dining services, a library with Internet access and an arts and crafts room with instructors in basket weaving (a popular local craft), painting, art history and more.   There will be outings via van to nearby towns (Bernal, San Miguel de Allende and Queretaro) for concerts, plays, movies, shopping and other activities as requested by residents.  The game room has two pool tables and will have a large TV to watch football games.    Three guest rooms that residents may reserve for a reasonable fee when friends and family come to visit will be available, and perhaps most conveniently of all, Villa Alegria is establishing relationships with local doctors and nurses who will make house calls, something not unusual in Mexico.   Facials and spa treatments will also available.

 

Villa Alegria is being developed by DyT Real Estate, which has eleven years of experience in the field of construction and eight years in real estate.  The onsite management team is fluent in English, and HOA fees, one mandatory and one optional, are reasonable.  The mandatory maintenance fee (roughly $150 USD per month) will cover the overall management of the community, individual home cleaning, gardening and home maintenance.  The second optional fee will cover three meals a day and Sunday brunch in the restaurant and will be roughly $350 USD per month per person (buying two meals per day rather than three may also be an option).  There will also be a small revolving deposit from each resident so Villa Alegria can pay residents' utilities for them.   The homes are unfurnished, but local craftsmen and manufacturers are plentiful.  Buying furniture in Mexico is often less of a hassle and less expensive than shipping it from the U.S. or Canada.

 

Short term financing is available through the developer (and long term financing can be arranged through institutions that work with expatriates buying real estate in Mexico).  For short term financing, a down payment of 30% to 50% is required; this will also generate a 3% to 5% discount in the price of the home.  The loan must then be re-paid in six to twelve monthly installments (with no interest), depending on how soon the finished home is needed.   

 

Tequisquiapan (population 55,000 when including smaller surrounding communities) is famous for its thermal waters and for being the center of a wine and cheese producing region.  It has an altitude of 6,200 feet and is two hours from Mexico City, forty-five minutes from the city of Queretaro (which has a new international airport) and about ninety minutes from San Miguel de Allende.   For more Tequisquiapan information, written by a U.S. expatriate happily retired here, click here.

 

While retirement in Mexico is not for everyone, U.S. and Canadian retirees with a sense of adventure and a willingness and desire to adapt to a new culture and country may find Villa Alegria very appealing and worth a visit.  The developer speaks English and may be reached at 011-52-414-273-5096 or 011-52-414-273-5196 (includes international calling code).

 

 

 

 

 


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