Cozumel Real Estate – Should I Buy or Not?

Should I purchase Cozumel real estate? What should I know to make my decision?

cozumel real estate
cozumel real estate

 

Cozumel has all of the things you want to buy a home in a paradise with beautiful beaches, great food, diving, shopping, and other activities.  So, how do you buy a real estate in Cozumel?  While Cozumel has all of the advantages above you need to make sure you understand a few basics before you consider Cozumel Real Estate.  

Cozumel Real Estate

Perhaps your first thing to consider would be do I want to own a house, condo, or apartment.  Each of these options have their benefits and each has their own price levels.  It is similar to the decision making process in the States.  Do I mind being in a building with other owners of apartments?  Do I mind having other condos or apartments right next to me with no yard?  Or, do I want to have my own home, perhaps with a pool and a yard?

cozumel real estate
cozumel real estate

 

Cozumel Real Estate  – Where do I start?

First, I would recommend talking to other owners who recently purchased property in Cozumel.  They just went through the process and will be well versed in the details.  You can go onto numerous blog sites and question and answer sites to get information.  Second, I would reach out to a lawyer who has experience in Cozumel.  You just need to do a search on the internet for a lawyer.  You might also want to consider a Mexican lawyer in Cozumel especially since most of the documents will probably be in Spanish.  Mexican lawyers are very reasonably priced and could save you a lot of money.  Like any service, ask for multiple references of people in the States.  You might also want to talk to some U.S. real estate companies to see if they will refer you to a good Mexican lawyer.

 

cozumel real estate
cozumel real estate

 

Bank Trusts and Fees

Mexico has different laws regarding foreigners buying Cozumel real estate.  First, in most cases you will have to use a bank trust or Fideicomiscos.  This is a requirement of Mexico’s constitution.  The bank will hold the trust deed for you.  You still own the property but the bank is supposed to be there to protect your interests.  Like any property you own in the States you need to ask for actual costs with actual bills for utilities, condo fees, water, trash, etc..  Your electricity bill will probably be twice the cost of what you are used to in the States.  Because it is different country you need to really ask about all of the fees or you will probably get some unpleasant surprises when you see your costs after you buy the property.

 

Cozumel Real Estate Prices

Like anywhere Cozumel real estate prices will vary based on size, location, age of the property etc…  There are websites you can find on the internet to show you the different prices.  There are properties that are in the $150,000 range up to $1,000,000.  Have fun, do your research and hopefully I see you in Cozumel in your new house!

 

cozumel real estate
cozumel real estate

 

 

 

 

 

Cozumel Airport – What they offer, what it is like, and what Customs is like?

The Cozumel airport code is CZM. The airport is very small but it is easy to find things. It has some food options, the security process is simple, and there are airport shuttles that will take you to your hotel. I will cover each of these items in my post below.

Cozumel airport
Cozumel airport

Airport

The Cozumel airport is small but relatively modern. There are clearly marked signs, there are nice restrooms and has a pretty nice little restaurant. It also has some shops to spend the last of your pesos on before you leave.

Cozumel airport
Cozumel airport

Airport Security

It is similar to other security at other overseas airports. You will get some Custom’s forms on the plane that are easy to fill out. You will exit the plane onto the tarmac and then be directed to the Custom’s area. Depending on the timing of your flight you may have to wait in line up to about 15-20 minutes. The Customs agent will ask for your passport, the 2 forms, and may ask you a few simple questions. They speak fluent English. Once you are done with the Cozumel airport’s Customs agent you will find your baggage right behind the Customs agent if you checked it in, and then you will go through a small x-ray machine that checks for food, seeds, plants etc…

Cozumel airport
Cozumel airport

Airport Shuttles

There are multiple approaches to getting a shuttle. First, you can go online to a number of different companies who sell shuttle rides to your airport. The prices will vary from $20-$35. Second, you could walk towards the exit and right before you go outside there will be a window where someone is selling tickets for shuttles to your hotel. You tell them your hotel and pay. I would recommend this second option as it is the least expensive option. There will be numerous individuals who will tell you to buy a shuttle ticket from them. None of them are bad, but they may be a little more expensive.

Cozumel airport
Cozumel airport

Food Options

The Cozumel airport has several food options. First they have a small restaurant area with seating. It has some sandwiches, hot dogs, hamburgers and multiple drink options. There is a small bar that has some snack type food. Finally there are some stores where you can buy candy, peanuts, chocolate etc. As a side note, there are multiple shop where you can buy some trinkets, t-shirts, even watches and jewelry. It does cost more than buying them in town, however the quality of the products seemed better. Enjoy the Cozumel airport! ( http://cozumel-airport.com/ )