Real Estate in Tulum, Mexico
Last updated on May 03, 2024
Summary: Expats and retirees talk about real estate in Tulum, Mexico? How do you find a home in Tulum? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Tulum?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Tulum, involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a small apartment to a large villa, depending on your needs and financial capabilities. Next, you should research the different neighborhoods in Tulum to find one that suits your lifestyle. Some areas might be closer to the beach, while others are closer to the town center. You should also consider factors like safety, proximity to amenities, and the general vibe of the neighborhood. Once you have a clear idea of what you're looking for, you can start your search. There are several online platforms where you can find listings for rentals in Tulum, such as Airbnb, Booking.com, and local real estate websites. These platforms allow you to filter results based on your preferences, and you can often read reviews from previous tenants. In addition to online searches, you might also want to consider hiring a local real estate agent. They can provide valuable insights into the local market, help you negotiate prices, and guide you through the process of signing a lease. Visiting Tulum before you move is also a good idea. This allows you to view potential homes in person and get a feel for the different neighborhoods. If this isn't possible, try to arrange a virtual tour of the property. Finally, once you've found a place you like, make sure to read the lease agreement carefully before signing. It's important to understand the terms and conditions, including the rent, deposit, length of the lease, and what's included in the rent. If you're unsure about anything, don't hesitate to ask for clarification," explained one person living in Tulum, Mexico.
Get Quote
Relocating abroad soon? Make your move with AGS! AGS Worldwide Movers is a leader in the international moving industry. Our experience and expertise allows us to guarantee our clients the best quality moving services.
Relocating abroad soon? Make your move with AGS! AGS Worldwide Movers is a leader in the international moving industry. Our experience and expertise allows us to guarantee our clients the best quality moving services.
Get Quote
What is a typical expat home or apartment like in Tulum?
"A typical expat home or apartment in Tulum, often reflects a blend of modern and traditional Mexican architecture. The homes are usually spacious, with open floor plans that allow for plenty of natural light and air circulation. They often feature a large living area, a fully equipped kitchen, and multiple bedrooms and bathrooms. Many homes also have private outdoor spaces, such as a patio, balcony, or even a small garden. The interior design often incorporates local materials and artisanal touches, such as handmade tiles, hardwood furniture, and woven textiles. Many homes also have modern amenities like air conditioning, high-speed internet, and state-of-the-art appliances. In terms of location, many expat homes are situated in safe, well-maintained neighborhoods that are close to the beach, restaurants, and shopping areas. Some are part of gated communities or condominium complexes, which often come with additional amenities like a shared pool, gym, or security services. Despite the modern comforts, many expat homes in Tulum also strive to be eco-friendly, with features like solar panels, rainwater collection systems, and energy-efficient appliances. This is in line with Tulum's reputation as a sustainable and environmentally conscious destination. Overall, a typical expat home in Tulum offers a comfortable and stylish living environment that combines the best of modern convenience and local charm," remarked one member in Tulum.
What is the average cost of housing in Tulum?
If you are thinking about moving to Tulum, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Tulum can vary greatly depending on the location and type of property. For instance, a one-bedroom apartment in the city center may cost around $500 to $800 per month, while the same type of apartment outside the city center may cost around $300 to $500 per month. If you're looking to buy property, a one-bedroom apartment in the city center can cost around $100,000 to $150,000, while a similar property outside the city center may cost between $50,000 and $100,000. Luxury villas and beachfront properties can cost significantly more, often exceeding $1 million. Please note that these are estimated prices and actual costs may vary," explained one expat living in Tulum, Mexico.
Should I buy or rent a home in Tulum?
If you have not spent a lot of time in Tulum, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Tulum, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Tulum for a long period or frequently visit, buying a home could be a good investment. Owning a property in Tulum can also provide a potential source of income if you decide to rent it out when you're not using it. On the other hand, renting a home in Tulum offers more flexibility. It's a good option if you're not sure how long you'll be staying or if you prefer not to have the responsibilities and costs associated with homeownership. Renting can also be a good way to get to know the area before committing to a purchase. It's also important to consider the real estate market in Tulum. The town has seen significant growth in recent years, which has driven up property prices. However, this also means that there could be potential for property value appreciation in the future. Lastly, you should consider the legal aspects of buying property in Mexico as a foreigner. Mexico has specific laws regarding foreign property ownership, especially in coastal areas like Tulum. It's recommended to consult with a local real estate attorney to understand the process and ensure that all legal requirements are met. In conclusion, both buying and renting a home in Tulum have their advantages and disadvantages. It's essential to carefully consider your personal situation and do thorough research before making a decision," remarked one foreigner who made the move to Tulum.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
Other Questions:
- What do I need to know before moving to Tulum?
- What is a typical expat home or apartment like in Tulum?
- What is the average cost of housing in Tulum?
- How do I meet people in Tulum?
- What do I need to know before retiring in Tulum?
- What should I pack when moving to Tulum?
- Where should I setup a bank account in Tulum?
- Will I be able to find a job in Tulum?
- What is life like as an expat in your area?
- What do people like (and dislike) about Tulum?
- What type of social life can someone expect in Tulum?
- What is the social scene like in Tulum?
- What advice to expats in Tulum have about housing?
- What are medical services in Tulum like?
- Are healthcare and health insurance expensive in Tulum?
- Is the cost of living in Tulum high?
- What are the visa & residency requirements in Tulum?
- Why do people move to Tulum?