There are a number of ways to buy Plaay del Carmen on a lower budget, which still offer a high quality of living, while fitting comfortably in the average American budget.

Imagine living near a wide, soft-sanded beach, with modern services nearby, year-round warm weather and in a very relaxing area. While in the U.S. this is a luxury for millionaires, even with Mexico's significantly lower prices, at a first glance prices may seem to stretch the average American budget. There are, however, a number of ways to buy Playa del Carmen real estate on a lower budget, which still offer a high quality of living.

Consider the following possibilities.

Buying through a mortgage. Mortgages are now available for non-Mexicans directly in Mexican banks. This option offers the advantage of using the same property you are buying as "collateral" for the mortgage, meaning your home equity on your property back in the U.S. isn't tied up. With the down payment and credit approval you can start enjoying your property.

Investing in a fixer-upper. Although Playa del Carmen is a relatively new city, it some of the older communities offer well-build homes with a decent design concept which were either neglected at some point, or never entirely completed. While the main structure is perfectly in tact, the lack of outward visual appeal turns off most buyers. For those who like to take on a personal project, homes like this can be bought for considerably lower prices. The cost of the renovation can be dispersed over time.

Buying land. Land is a somewhat overlooked option in the Playa del Carmen real estate market, but also offers an excellent way to own a property at a lower price, while you as a buyer can continue to save up the full amount to complete the construction of a home. Lots can be found in golf course communities, eco-communities, and nice new gated developments.

Pre-construction discounts. New condos or villas within a complex where construction has just begun are often sold at considerable discounts. The other plus is that the initial deposit is also very low, usually even lower than a mortgage down payment, and the remainder is paid out at specific points of the construction process.

"Fire-sale" price reductions. While the market in Playa del Carmen has proven to be very steady and resilient, now and then owners have to sell quickly due to some other pressure, causing them to reduce their prices drastically. Buyers who keep tabs on these kinds of discounts and are ready to move when the right price reduction shows up can get some excellent deals in this way.

Prices in Playa del Carmen are already very competitive; these kinds of deals make them even that much more comfortable for those buying on a budget.