Buying Property in Mexico can be an excellent investment, but it’s important to remember that the purchase price is not the only expense. Indeed, many foreign buyers overlook additional costs that can significantly impact their budget. Above all, knowing these hidden expenses allows you to plan with accuracy.

Taxes and Government Fees
When purchasing property, you may face acquisition taxes ranging from 2% to 6.5% of the property’s value, depending on the municipality. Moreover, there are fees for registering the property with the Public Registry, which vary by state. As a result, these charges should always be factored into your total investment.

Notary and Legal Fees
In Mexico, notary public fees are generally between 1.5% and 2% of the property’s value. Additionally, if you hire a lawyer, you will need to budget for their professional fees as well. Consequently, professional legal support is an essential but often underestimated cost of Buying Property in Mexico.

Trust and Bank Charges
For properties in restricted zones, a Fideicomiso (bank trust) is required. This includes an initial setup fee and an annual maintenance fee, usually around $600 USD. As has been noted in many cases, these charges can add up over time, especially for long-term property ownership.

Maintenance and Annual Expenses
Beyond the purchase process, property taxes, maintenance fees, and utility bills must be considered. Furthermore, if your property is part of a condominium or gated community, additional homeowner association fees may apply.

Plan Ahead to Avoid Surprises
By working with an experienced notary and legal team, you can identify all hidden costs before committing to a purchase. This ensures transparency and helps you make an informed financial decision.

Secure your investment — our notary office provides complete cost breakdowns and legal guidance for foreign buyers Buying Property in Mexico.