A Second Home Overseas = Your Richer Retirement
A second home somewhere sunny, sandy, and adventure-filled is a common dream. Alas, it’s beyond most...
Read moreLief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.
To settle down in Goa for part of the year will cost $735 per month for basic expenses. We say part of the year because no one sticks around during the summer monsoon season. Take advantage of those months to visit relatives abroad, or travel around Asia . Besides, you’ll need to leave to renew your visa every six months, via a quick trip to Sri Lanka, Nepal, Thailand, Oman, Bahrain, Pakistan, wherever. Naturally those travel costs are extra.
We estimate $300 rent for a serviced apartment off the beach; a bit less if you live in a guest house.
We advise that foreigners refrain from buying real property in Goa, at least for now, because of political and legal problems in getting and keeping clean title. We show rental calculations only.
All figures based on our experience in Colva Beach in Goa , but you’ll find most other Goan beaches cost more or less the same.
Start Your New Life Today, Overseas
Expense | Monthly Cost | Notes |
---|---|---|
Rent | $250 | Three or four blocks from the beach |
HOA Fees | $0 | Depending on amenities and security |
Property Taxes | $0 | |
Transportation | $20 | Occasional trip to the big city |
Electricity | $50 | More if you use a lot of air-con |
More if you use a lot of air-con | $15 | Cell phone, depending on use |
Internet | $0 | |
Cable TV | $0 | |
Household Help, fulltime | $0 | |
Food | $100 | |
Entertainment | $300 | Includes meals away from home |
Homeowner’s Insurance | $0 | |
TOTAL | $735 | Exchange Rate: $1=67.92 rupees (June 16) |
A second home somewhere sunny, sandy, and adventure-filled is a common dream. Alas, it’s beyond most...
Read moreA second home somewhere sunny, sandy, and adventure-filled is a common dream. Alas, it’s beyond most retirees’ reach in the...
Read moreA second home somewhere sunny, sandy, and adventure-filled is a common dream. Alas, it’s beyond most retirees’ reach in the...
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