How much it is to build a house in Yucatan is like asking how much does a car cost. Well, are you buying a Volkswagen, a Beamer, or a Rolls Royce? What kind of car do you want to buy? It’s the same thing with building a house.
You can build a normal, two-bedroom, two-bathroom home and have it done nicely with aluminum windows, high-pressure water, hot water, etc. for US $100,000 or less. This cost doesn’t include the land; just the building.
There are different ways that you can save money on building your house here. For example, here in Yucatan, you can have your countertops done in polished concrete. They pour the concrete, put in a dye to make it any color you want and buff the concrete until it turns out to be almost like marble. It’s beautiful but it costs 1/3 of the cost if you would get marble.
You can also go to the other extreme. To give you an example, last year, I had a client from Alabama. She called me and said that she wanted move to Mexico and build her own home. She asked if I could find her an ocean-front lot. Luckily, her timing was perfect. One of my clients that I had sold a lot to had decided that he didn’t want to build. He decided to just get rid of the lot so I contacted him, and he said, “If you just give me my money back, then she could have it for exactly what I paid for it.” So I contacted my client and told her that I found her an oceanfront lot. It was a super deal at $70,000. She said, “Okay. I’ll take it.” Of course I sent her pictures of the lot and all that.
She came down to Mexico and talked to me about getting her home built. I explained to her that there are many different contractors here but through the years, I have kind of gone through all of them and there is only one contractor that I will give my personal recommendation to. I know this guy does quality work and is fair with his prices.
My client told me a basic idea of what kind of home she wanted. She said, “I’d like to spend maybe $100,000 or thereabouts.” I said, “Sketch out or send pictures of what kind of house you want and we’ll sit down with the contractor, whose name is Hillel. We’ll start going over things and see where we’re at.”
The contractor and I had a meeting with my client. She had all these magazines. Basically, she wanted a mansion. She wanted an infinity pool in the front yard and you wouldn’t believe this home. I got the contractor building this unbelievable home and when the final figures came out, it was going to be $380,000. She said, “Okay, if that’s what it takes, then go ahead. Let’s do it.” So now she has over $400,000 in her house.
You can definitely go to any extreme that you want to go here in the Yucatan when it comes to building a house. But the average person that moves here didn’t come here for that reason. They didn’t come here to drop half a million dollars. They came here to find a nice little place to live and spend about $100,000.
Overall, there are a lot of ways that you can build a very nice home but you do it in the Mexican style. Mexicans are all about saving money and building as economically as possible.
(Patio over looking the bay in Yucatan, Mexico, pictured.)