One of the many benefits of owning a home in Mexico is the relatively inexpensive cost of hiring domestic help. It is very common for homeowners to have a housekeeper, gardener or a pool maintenance person, with wages averaging about $15 USD per day.
For those owning a rental property in Mexico, there will generally be a property manager and a maintenance person on staff. And many people even choose to hire a driver or even a personal assistant to help them with daily errands.
With the Christmas season fast upon us, these hard working staff not only deserve but are legally entitled to a Christmas bonus, called an “aguinaldo”. The aguinaldo is required to be paid by December 20th of each year and is a way of both showing gratitude to your employees and providing extra money to help them celebrate the holiday season. By Mexican law, the aguinaldo must be equal to 15 days of regular wages, or a half month’s salary. If your employee has been with you less than one year, that amount may be pro-rated.
Does living in Mexico and having a staff to help with your needs sound like a dream? With mortgages in Mexico available in both US dollars and pesos, that dream can be your reality. Contact us for more details on home financing in Mexico.
Click here to read more about home loans in Mexico from MEXLend.
