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Old 05-09-2017   #1 (permalink)
sandflea
 
Join Date: May 2017
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Looking to Connect with Local Expats in Playacar

My husband and I are going to be visiting Playacar at the end of May and we would love to connect with local expats to get a feel for the neighborhood and life in Playacar and in Playa del Carmen. We are planning to relocate our home to Playacar as part of an early retirement and are coming down to check out the local area. We are staying in Playacar phase II during our trip. We would be willing to meet for breakfast, lunch, or an early evening cocktail. We are looking for local perspectives on retirement living in Playacar.
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Old 05-09-2017   #2 (permalink)
aņejo
 
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Originally Posted by Oliver View Post
My husband and I are going to be visiting Playacar at the end of May and we would love to connect with local expats to get a feel for the neighborhood and life in Playacar and in Playa del Carmen. We are planning to relocate our home to Playacar as part of an early retirement and are coming down to check out the local area. We are staying in Playacar phase II during our trip. We would be willing to meet for breakfast, lunch, or an early evening cocktail. We are looking for local perspectives on retirement living in Playacar.
You realize that Playacar IS Playa Del Carmen, right?
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Old 05-10-2017   #3 (permalink)
sandflea
 
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Yes, we do. We are staying playacar on our upcoming trip, which is where we are looking to buy and want to get some perspectives from expats that live in the neighborhood. We also are looking for general information on the city as a whole as well. Thanks for asking.
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Old 05-10-2017   #4 (permalink)
aņejo
 
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Originally Posted by Oliver View Post
Yes, we do. We are staying playacar on our upcoming trip, which is where we are looking to buy and want to get some perspectives from expats that live in the neighborhood. We also are looking for general information on the city as a whole as well. Thanks for asking.
Well. Taxis are the most expensive in Playacar. 90 pesos to/from.
You can't park near the beach in Playacar.
There have been break-ins in Playacar but that's status quo everywhere.
It's very pretty. Nice streets for walking or bike riding.
Too rich for our blood
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Old 05-11-2017   #5 (permalink)
into ruins
 
Join Date: Feb 2017
Location: Waterloo, ON/Playa Del Carmen, QR
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My wife and I just bought in Playacar it certainly can be affordable. We certainly bought a bottom of the market condo that needed some work. But labour is quite cheap in Mexico and if you get a good trades person you can have a place turned around quickly. In 2 and a half weeks we had our condo gutted and redone. (And we love it!)

We have vacationed here for a decade started at a couple weeks a year but now a couple months a year. Our Spanish is not good you certainly get put through some tests especially going to get your bills setup. The daily stuff that you don't deal with on vacation can really wear on you. But after those minor hurdles I'm sure it gets easier. Our next couples of trips will finishing the couple condo projects we deferred from last time. Get some of the nice to haves. Then get back to relaxing on vacation.

When you start your journey to purchase surround yourself with people you can trust, Real Estate agents, Lawyers, etc. People here will give great recommendations and you can put those worries to rest. We were quite lucky everyone we've worked with thus far have been nothing short of amazing. Really going the extra mile to make sure our transition has been as easy as possible.

One note about Playacar they have rules and such that don't apply elsewhere in town (as its a gated community) Delivery's can only come during certain days and times and you have to schedule them through security to come in. There's a bit of nuances to Playacar.

All that aside good luck on your next chapter in Mexico.
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Old 05-11-2017   #6 (permalink)
sandflea
 
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Thank you both, this is very helpful. We've heard renting for a year is a good idea before purchasing. Did either of you take this route?
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Old 05-11-2017   #7 (permalink)
aņejo
 
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Originally Posted by Oliver View Post
Thank you both, this is very helpful. We've heard renting for a year is a good idea before purchasing. Did either of you take this route?
I rent now. I won't buy for my own reasons.
I would suggest renting first just to get a feel for the area before buying.
You may end up not liking it here.
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Old 05-11-2017   #8 (permalink)
into ruins
 
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We didn't rent for a year. We're not using this as permanent home. We're using it as our a couple month a year getaway. We're well off of retirement we're only midish-30s.

We looked at the costs of upkeep vs us renting and buying was actually cheaper than renting the place we rent just around the corner. We were on average spending about $4800/year to rent a condo in Playacar for 2 months. The bills are about half that (Power, Taxes, Condo fees, gas, and Internet and a small slush fund for repairs)

We had to extend our mortgage by a couple years to finance the place but our interest rate is so shamefully low its practically free money. The CDN dollar is significantly weakening against the US dollar and everything being priced in USD the worse it would be. We decided to commit before it got any worse. It wasn't a huge amount of money we got in to the bottom of the market so we limited the damage if the dollar comes back. There is a place much more upmarket that we're interested in but we'll wait until we have this place paid off or the currencies play back into our favour.

We're considering renting the place out to family/friends here and there and what we charge them just chips away at the bills a bit. We're not looking to become property moguls or this condo isn't an investment. In an ideal world we just want it to break even. We really want to have somewhere we can leave our stuff and show up on a last minute flight if something cheap shows up.

We might be just a difference use case scenario.
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Old 05-23-2017   #9 (permalink)
beachaholic
 
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June 5th?

Sounds like you may be gone by the time I arrive - but I will be there June 5th for about 3 weeks. Let me know if that would work for you - we have owned our condo in Phase 2 for almost 9 years.

Laurie
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