Guest
Janet Blaser, 65, lives in a 2-bedroom apartment in Mazatlán, Mexico that's walking distance to the beach. She is a retired journalist and CNBC contributor. Unlocked is a new home tour series focused on how much people across the globe spend on their housing, what they get for the money and what they had to sacrifice to make it happen. Read more about Janet’s apartment here: In 2006, I packed my bags and moved from Santa Cruz, California to Mazatlán, Mexico to start my own business (and eventually retire). In the 15 years I’ve been here, I’ve moved several times for different reasons — twice the buildings sold, too much maintenance, or something better came along. Earlier this year, I relocated to a two-bedroom, 1,100-square-foot apartment with 10-foot ceilings, just a few minutes from one of my favorite beaches. The rent is $420 per month, not including utilities. Here’s what the apartment hunting process was like, and why this is one of my favorite places I’ve lived: Finding a rental in Mazatlán, Mexico It’s challenging to find a rental here. Near the coast, where everyone wants to live, there’s an increased demand for vacation rentals, from which the owner earns more money (faster) than if they were to rent it out as a one-year lease. A previous landlord, for example, now rents my old one-bedroom apartment for a three-day weekend for $200 — the same price I paid monthly. Asking friends and locals is a good way to find something. I also looked on Facebook Marketplace and Craigslist, but found nothing in the area I wanted that was in my budget. Then, a good friend told me an apartment in her building was going to be available, and as soon as we peeked in the windows, I was intrigued. First impressions When I first walked into the apartment, it was love at first sight — despite the mess and major renovations going on. The old-style wood shutter windows and interior doors had been sent off to be stripped, repaired and painted; the beautiful old tile floor was filthy and covered with construction debris; the kitchen was an empty shell. Yet I could see the bones of the place and knew it was a gem. It was within my budget and had everything I was looking for: Perfect location, pretty architectural details and two outdoor spaces. I realized what a great deal this was, and although it wasn’t going to be ready for a month or more, I immediately made a deposit to secure it. Location, location, location Realtors love to say a property is “steps from the beach,” but I actually am: 124, to be exact (about half a block from my front door to the sand). I can also walk to a plethora of cafés, shops and restaurants. And my apartment is on the first floor, so it’s easy to get my bicycle or surfboard in and out. I love that one friend lives across the hall, and another lives across the street. It’s so easy to have sunset Happy Hour or morning coffee together on my balcony, which we do quite often! Rent and additional costs I’m 65, retired and living on my Social Security. I also receive some income from my book sales and a little freelance writing. Although the $420 per month rent was double what I’d ever paid before in Mazatlán, it was within my budget. I like to keep my basic expenses as low as possible, but still be comfortable. In Mazatlán I’m able to do that. Water costs a fixed $ per month. Electricity is highest at this time of year because of air conditioning; mine is hovering around $25, but is usually half that. I use propane for cooking; one tank costs $30 and lasts me about six months. I paid to add some of my own touches to the apartment: Painting one wall the same golden ochre color as the floor tiles: $15 Hand-built bookshelves for the office: $225. I had cabinets made by a local carpenter: $350 (cost split with the landlord) Apartment tour: Inside & out From the front door, you walk into a big living and dining room that extends back to the kitchen and my bedroom. My living room is spacious and pretty, with wonderful natural light and 10-foot ceilings. The two bedrooms are separated by a spacious “Jack and Jill” bathroom. One is an office and guest room that looks out to a plant-filled balcony and its sliver of an ocean view. My bedroom has big corner windows looking out onto a back courtyard. Subscribe to CNBC Make It.: About CNBC Make It.: CNBC Make It. is a new section of CNBC dedicated to making you smarter about managing your business, career, and money. Connect with CNBC Make It. Online Get the latest updates: Find CNBC Make It. on Facebook: Find CNBC Make It. on Twitter: Find CNBC Make It. on Instagram: #CNBC #CNBCMakeIt #Unlocked Living By The Beach For $420/Month In Mexico | Unlocked
