OK, so I have flipped property on the Ecuador coast with success.
But it’s obvious to me now after doing it that that’s not where the real money is.
You see, truth-be-told, a lot of the cheap, Ecuadorian-made homes, especially on the coast, simply don’t meet North American standards, and chances are you’d spend more to fix it up then the whole place is even worth.
So, what’s the opportunity?
Build your own house.
And that’s exactly what I’m going to do starting later this week.
Can’t say I don’t practice what I preach.
Below is the plan for my new project… in Puerto Cayo, just south of Manta on the coast with a beautiful oceanview and a short walk to the beach.
Might be a little hard to see, its just a quick pic from my cell phone of the blueprints the architect gave me. The nice oceanview is to the bottom right of the plan.
But here’s my thinking based off my experience selling property on the coast of Ecuador.
3 bedroom, 2 full bath. That’s as small as I want to go, even though most people who move here or retire here are moving down as a couple or a solo person, I’ve seen they still prefer at least 3 bedrooms because they like having at least one guest room for their kids/friends visits and one room they can use as an office or storage den. While 4 or 5 bedrooms is often a little much.
2 non-master bedrooms separated by bathroom. This is nice cause the people in one bedroom won’t have to walk through or outside the room of the other to get to the bathroom.
Spacious kitchen with island. Important for extra space and entertaining.
Plenty of closet space with walk-in closet in master bedroom. From my experience, especially women really focus on closet space, important!
Laundry room with door to exterior so folks can take advantage of the nice weather and walk outside to hang clothes on a line like the locals if they wish. Plus, you got to have your machines inside and out of the elements to prevent from rapid erosion in that ocean air.
A dining area and patio with a BBQ area and sliding glass doors that take full advantage of the nice oceanview. Especially us North Americans, like a good BBQ on the beach.
2 sinks and a bath tub plus shower in the master bathroom which will also be extra spacious.
Raised floor of house by about 1 meter so that even if there is a 2 meter fence around the property the house will still have a nice oceanview over the fence. Plus this should help keep moisture and insects out.
Spanish-tiled roof with porcelen tile floor. The roof because thats the style most expect when down here and its good for insulation and the flooring because with the humidity of the coast that’s really the best option (easy to clean, carpet forget about it!).
1-story only making it good for older folks who don’t do stairs. Plus, this will lower construction costs a lot because I won’t have to invest in a lot of rebar as needed when making a floor-roof (losa in Spanish).
An outdoor shower for getting the sand off before entering the house. This also has to be easily unaccessibled if the house is going to be vacant for a long time, don’t want this to turn into the community shower.
170m2 (1829ft2) of construction on a 337m2 (3627ft2) lot. Nice spacious house with a small but cozy yard for a garden or the pets.
Minimal use of wood and metals with a focus on materials like aluminium and other materials that won’t erode like crazy in the salty ocean air.
So that’s the basic concept and thinking behind the plan, if you have any suggestions just click on reply to this email. I’ll keep you informed every step of the way from the ground breaking to the sale!
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