Jul 12, 2004, 1:44 PM
Post #1 of 17
I have found your posts most informative and useful and would like to thank all of you for sharing.
My wife and I are in our early 40s and are planning to take early retirement in Mexico in about 4 years. We have settled on the choosing the Lake Chapala area. We want to essentially either purchase our home or buy land and build it ourselves. We want to make this decision and purchase now.
From what I have read from the forum, construction cost, not including land average about $650/meter square or $60/ square foot. We want to get approximately a 2600 to 3000 Sq-Ft home in the lakeside area. Price of land for a 1000 meter lot varies between $40,000 to $75,000. If you add the construction costs and the price of land together, we go over 250,000 to $280,000 mark. I have checked the price of real estate for sale in that area and you can have this home fully furnished, from $150,000 to $250,000.
I thought building yourself was going to be much cheaper. Am I missing something?
Thank you in advance for all your insight!