Second homes

What should my budget include beyond the purchase price?

Closing costs, furnishings, travel, immediate repairs, insurance, property taxes, HOA/MUD, utilities, reserves, and — if financed — prepaid interest and escrow setup. Use the ownership-cost calculator for a structured worksheet; figures are estimates, not quotes.

Reviewed 2026-07-23 · Suzie Castillo, Founder & Broker

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Detailed explanation

Cross-border buyers often underestimate currency transfer fees and timing. Build a contingency reserve.

Related cornerstone · Español

What varies

  • Cash vs financed
  • Condition of home
  • Distance from Mexico

Documents that may be needed

  • Draft ownership-cost worksheet

Professionals to consult

  • Licensed broker
  • Lender
  • Insurance agent
  • CPA

Related questions

Sources

  • Primary sources linked from related cornerstone pages; ask your advisor for transaction-specific references.

Talk with a licensed advisor

Private-client guidance for Mexico ↔ The Woodlands.

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Global Collective
Real Estate Advisors

Private-client real estate for The Woodlands, Houston, and Mexico.

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Global Collective

A discreet, bilingual brokerage for foreign investors and buyers from Ciudad de México, Monterrey, Guadalajara, and cities across Mexico — focused on The Woodlands, Houston, and North Houston.

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Global Collective Real Estate is a licensed Texas real estate brokerage serving The Woodlands, greater Houston, and cross-border clients in Mexico. Information is provided for general purposes only and does not constitute legal, tax, or investment advice. Equal Housing Opportunity.

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