Archive | Ecuador for Investors

Gualaquiza, a neat, hidden outpost no one knows about

gualaquilza ecuador

Gualaquiza is a small town of around 15,000 people in the Southern Amazon region of Ecuador. The people are friendly and the backdrop is beautiful as the area is surrounded by lush rainforest.

What to do?

Visit the bike shop Ciclos on Orellana 4-35 and rent a bike and enjoy the excellent 3 hour bike ride to La FLorida.

Bath in one of the numerous rivers at one of the several sandy beaches.

Where to stay?

My pick is the Hotel Internacional on Cuenca Ave. with simple, clean rooms starting around $10 per person.

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Posted in Ecuador for Investors, Ecuador Travel Guides

Pedernales: Ecuador’s version of Florianapolis, Brazil

pedernales-ecuador

Every time I come to this city I’m awed by the character and bravado of this small coastal city. The hilly streets leading down to the ocean are always full of something interesting to see, the locals are friendly, and the foreigners are scarce. The beach isn’t so nice but the food along the boardwalk is to die for. I’m sorry but this place reminds me of Florianapolis, Brazil.

Where to stay?

My value pick is Hotel Arenas, a few blocks from the beach with cable TV and well kept rooms starting around $10 per person.

Posted in Ecuador for Investors, Ecuador Travel Guides

Ecuador government refunds foreigners the VAT tax

ecuador vat refund

It’s nice to be treated special just for being a foreigner in Ecuador.

In fact, for those that know about the program, foreigners don’t even have to pay the sales tax on items made in Ecuador.

It’s true, the Ecuador government is now refunding foreign “tourists” the sales tax they paid on items made-in-Ecuador and on hotel stays when the invoice amounts over $50.

The sales or VAT tax in Ecuador is 12% and that is the amount that is refunded.

All you have to do to receive your refund is save your receipts (facturas) and fill out the brief form you can pick up on a little stand just outside of the check in lines for international flights in Guayaquil and Quito.

Also, you’ll want to bring an envelope and a copy of your passport.

Then present your goods at the SRI-CAE counter in the check in luggage lounge in Quito or Guayaquil or if no one is attending deposit the envelope with your invoices, copy of passport and form in the mailbox located in the pre-boarding (departure) lounges in the international airports in Quito and Guayaquil.

The refund accreditation is carried out only through a credit card that must be under the name of the applicant.

There are no limits to the refunded amount, so if you’re not sure if an item you bought qualifies for the refund, just deposit the invoice anyway and see what happens.

Afterward, you can check the status of your refund using your passport number through the official Ecuador SRI website sri.gob.ec.

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Posted in Ecuador for Investors, Investor News/Analysis

Macas, worth a visit?

Macas Ecuador

Macas is an interesting mix of old and new with new buildings jutting up from crumbling streets. Most choose to go to northern jungle towns like Tena, but for those who like off the beaten track destinations Macas wont disappoint.

-Kayak the Upano River with class III rapids through one of the local outfitters.

– Take a waterfall tour with Planeta Tours on Comin at Soasti.

– Visit a nearby Shuar community thourgh a guided tour only.

Where to stay?

My value pick is Hotel Level 5 on the corner of Sucre y Soasti, a big glass hotel thats clean and cheap with rooms starting at $10 per person.

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Posted in Ecuador for Investors, Ecuador Travel Guides

Esmeraldas, is it worth its bad rep?

When you say “Esmeraldas” most people think “dangerous”, maybe due to the proximity of Colombia, maybe some other racially-charged reason. But in my opinion, Esmeraldas doesn’t deserve the bad hype and is an excellent place to visit. The locals are VERY friendly to the few foreign outsiders that visit and the food is to die for. Unlike the rest of Ecuador, the beaches to the north and south are also of a Caribbean-type white sand quality.

What to do?

-GO drinking with the locals on the MALECON or boardwalk of the city, just don’t go alone.

– Be sure to try the local delicacy of ENCOCADO seafood dishes, seafood cooked with a spicy coconut sauce, good!

Where to stay?

My pick is the Hotel El Trebol on Canizares 1-18 a modern hotel with spacious rooms starting around $13 per person.

Esmeraldas Ecuador

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Posted in Ecuador for Investors, Ecuador Travel Guides

Puyo: What to do?

Puyo Ecuador

Puyo is one of those towns people go to to get a taste of the Amazon without really going neck deep in it. The backdrop is interesting with the Napo River on one side and towering volcanos in the distance while the Amazon flattens out on the other side.

What to do?

-Bike the 65 km downhill from Banos and descend from the Andes down to the Amazon. (Trip takes 6 hours)

– Visit the ethnobotanical park PARQUE OMAERE and get an up close look at a wide array of rainforest plants and animals.

– See dozens of unique Orchid species in the Jardin Botanico las Orquideas located 15 minutes south of Puyo.

– Bath like the locals do in one of the clear waters of the tributary streams feeding into the main Napo River.

Where to stay?

My pick is the Hotel Las Palmas on the corner of 20 de julio y 4 de enero, a big yellow colonial house converted hotel complete with Parrots walking on the floor with rooms starting aroud $12 per person.

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Posted in Ecuador for Investors, Ecuador Travel Guides

Cojimies: Coconut Palm Forests Await You

cojimies

In Cojimies, you may feel like you are the only foreigner around, in fact, you probably will be. But The beach is pearly white and one of Ecuador’s widest, tours to the nearby Island of Love (Isla del Amor) can also be arranged and this is the only place in Ecuador I’ve seen forests of coconut palms swaying in the breeze.

Where to stay?

My pick is the Sueno de Teo, a collection of bamboo beach huts in the typical Ecuadorian style… fun, and the mosquito nets will pretect your skin. Prices start at around $9 per person.

Posted in Ecuador for Investors, Ecuador Travel Guides

Galapagos Flight Special RT $176, the best I’ve ever seen

galapagos flight special

Until December 23 there is a flight special on Tame to the Galapagos roundtrip from Guayaquil for a total of $176 for anyone with an Ecuadorian Cedula… you can be a foreigner, you just need to be a legal resident of Ecuador with a cedula to qualify.

You must travel before the end of March 2013.

I’ve never seen a special this cheap to go to Galapagos!

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Posted in Ecuador for Investors, Expat Lifestyle

Mompiche: A deserted surf paradise turned resort

mompiche

Few people outside surfers knew about Mompiche, a little, lush green cove with great waves (lefts) until Ecuador’s first all-inclusive luxury resort went in, De Cameron.

Its retained its low-key vibe but prices have risen since the resort finished in 2009.

Where to stay on a budget?

Id stay at my budget pick, the DMCA Surf Hostel with basic rooms with cold showers starting around $8 per person.

Posted in Ecuador for Investors, Ecuador Travel Guides

Tena, an Explorers Paradise

tena ecuador

Tena reminds me of my time traveling Laos. An ideal tropical, jungle area full of fun, interesting travelers chatting it up over a cold beer after a days worth of heavy duty adventuring.

Many come to Tena to try the world-class white water rafting and kayaking. Class III and IV rapids abound, guides can be hired throughout the city.

Also try a hike through Parque Amazonico, a 27 hectare island with nice signs along a walking trail marking unique wildlife.

As well, in one of the many local outfitters you can arrange jungle and indigenous tours for as little as $25.

Where to stay?

My pick is the Hotel Brisa del Rio on Orellana. Nice atmosphere with big rooms and on top of that you are right on the riverfront with rooms starting from $8 per person.

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Posted in Ecuador for Investors, Ecuador Travel Guides

Ayangue: The top place to scuba in Ecuador

hotel-ayangue-ecuador

Ayangue reminds me of the Galapagos, both above the water and below it. It’s a tiny cove with a small, sleepy town and a handful of dive operators. That’s it, but its nice.

What to do?

– Try the seafood at one of the many huts along the beach.

– Swim and snorkel in the table-top flat ocean in the cove.

– Hike the nearby oceanfront cliffs.

– Para-glide in nearby San Pedro.

– Visit the nearby Playa Rosada beach.

– Scuba dive! Its cheap and its good!

Where to stay?

My top pick for a Hotel in Ayangue is the Oasis Ayangue. Can’t beat it, Wifi, hot water and good thin crust pizza one block off the beach.

Posted in Ecuador for Investors, Ecuador Travel Guides

Coca, should you go?

Coca is one of those small towns that don’t really leave an impression on you, one way or the other. It has a nice river boardwalk and the locals are friendly to visitors, but most still pass right on by. It is the main jumping off point to the Yasuni National Park and other river excursions through the jungle.

Babaco

Babaco, a typical fruit of the Coca region.

Where to stay?

My pick is Hotel Oasis on Camilo de Torrano with basic, worn-out fan rooms starting around $10 per person. Be sure to check out the nice views of the river.

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Posted in Ecuador for Investors, Ecuador Travel Guides

Muisne: An Authentic Ecuadorian tropical island

muisne ecuador

Muisne has a unique ‘backwater’ feel, a run-down town, a tropical island, an enormously wide beach, at times completely deserted. Muisne has a feeling all its own and is best for explorers wanting to get far off the beaten track. Take a Mangrove tour with Fundecol.org.

Where to stay?

My value pick whenever I’m in the area is Hostal Las Olas with a restaurant and rooms starting around $10 per person.

Posted in Ecuador for Investors, Ecuador Travel Guides

What to do in Lago Agrio?

lago agrio

Lago Agrio is a sketchy border town most tourists dont venture. It is however the main jumping off point to the Cuyabeno Jungle Wildlife reserve, a unique flooded rainforest. Also, a visit to nearby Dureno can give you a taste of what primary rainforest is like.

Where to stay?

My pick is Hotel Selva Real on the corner of AV QUITO Y COLOMBIA with basic, clean rooms relatively mosquito free starting at $15 per person.

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Posted in Ecuador for Investors, Ecuador Travel Guides

Papallacta – Pamper yourself in this Andean Spa Town

papallacta ecuador

A few hours from Quito on the road to the Amazon lies a steamy spa town famous with local vacationers, Papallacta.

What to do?

Bath in the Thermal Hot Springs in the Termas de Papallacta about 1.5 km before you reach town.

Where to stay?

My pick is the Hosteria La Pamapa de Papallacta. Basic, clean rooms with on-site hot springs to enjoy, Prices start from $20. 2320624.

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Posted in Ecuador for Investors, Ecuador Travel Guides

Furniture shopping like a local in Ecuador, what I paid?

It’s true.

One guy once asked me if he needed to bring towels to Ecuador.

Child please, could you be more ignorant?

Anyways I still think people are crazy whenever I hear of people paying ‘an arm and a leg’ to ship their furniture to Ecuador.

As one of my American friends here in Ecuador recently proclaimed he’s never seen anything like some of the beautiful furniture pieces that are coming out of Cuenca these days.

It’s true.

They’re nice.

Especially the woodwork here is amazing.

And if you don’t see something you like you can often find a local artist to make the piece you wish, often by just giving them a hand-written drawing on a napkin.

This week I furnished 3 of my new Tiki huts with ocean views near Montanita on the southern coast of Ecuador.

And here’s what I spent so you can learn how much furniture and other home appliances cost in Ecuador before you come.

Maybe there’s some things you can get much cheaper in your home country.

My first recommendation is if you live in a small town on the coast of Ecuador, buy everything you can in the nearest big city, Guayaquil, and have everything trucked in, prices are often much more favorable that way.

One good big box store found only in the biggest Ecuadorian cities with about any home appliance you’ll need, and where I did MOST of my shopping, is in MI COMISARIATO.

For wooden furniture on the coast try the markets in La Libertad or Atahaulpa.

In Quito, go to the budget furniture market called San Roque.

In Cuenca, ask around cause you have a lot of options.

Here goes… all prices are in USD and be sure to add to prices the standard 12% sales tax in Ecuador.

Glass juice jar = 3.20
Patio table and 4 chair set = 115.18
Toilet bowl cleaner brush = 4.26
Welcome floor mat = 7.12
Plastic juicer = 1.12
Plastic salad bowl = 2.26
Frying pan or skillet = 4.45
Dishwashing soap = .65
Pack of 10 garbage bags = .51
Wood cutting board = 4.98
Can opener = 3.56
Full utensil set for 4 ppl = 8.92
Steak knife = 2.40
Sponge for washing plates = .78
Bed sheet set for queen bed = 20.70
Bed spread = 43.04
Pillow = 4.87
Kitchen pot set with 4 pieces = 16.96
Mini refrigerator = 151.70
Pack of 4 toilet paper = .85
Broom = 2.19
Sink nossle = 19.54
Kitchen shelf = 116.00
Table Fan = 17.85
Mirror for bathroom = 16.06
Coffee maker and pot = 26.78
Electric stove cooker = 16.06
Blender = 16.06
Glasses for drinking = .44
Mosquito netting for bed = 15.45
Sliding door lock = 1.60
Shower curtain = 10.68
Sink = 8.03
Sink under tubes = 4.43
Bathroom mobil carpets = 7.13
Small towel = 6.07
hand towel = 1.43
bed lamp = 11.60
Wooden bed base = 50.00
Brand name ‘Chaide y Chaide’ queen size bed cushion = 120.00
Wooden chairs for kitchen counter = 20.00
Wooden handycrafted night stand table = 25.00
Wooden handycrafted kitchen cabinet = 135.00
Gas stove = 28.00
Gas tank for cooking = 50.00
Window curtains = 6.00

Here are a few pics of how the finished tiki huts near Montanita look furnished from the inside, if you’d like to rent one email me at dombuon AT gmail.com to let me know, $20 a night for one or two people, discounts available for longer stays.

montanita house for rent

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Posted in Ecuador for Investors, Ecuador Q&A

Ecuador Dual Citizenship: How to Apply?

get ecuador second passport

Some get one for the “show”.

Some get one to feel like Bond when the cute airport clerk asks for their passport…

…so their reply can be “which one?”

Some get a second passport and dual nationality for tax, business or other personal reasons.

At least if you are an American who likes to travel you should seriously consider it.

Fact is, a quickly growing amount of countries these days charge Americans a stiff fee for entry visas when other nationalities walk in free or for pennies on the dollar.

China, India, Brazil and Bolivia all fall under this category.

As I discovered last year traveling through the middle east, other surprisingly nice countries are sadly off limits to Americans.

Many in fact.

Thankfully, Ecuador still warmly receives Americans as they do Europeans or Canadians.

And it’s relatively EASY to get dual citizenship and thus a second passport from Ecuador.

After sitting down with an immigration official this week, in December of 2012, here’s what I learned about how you can apply for Ecuadorian dual citizenship…

The main requirement is you need to be a resident of Ecuador for a minimum of 3 years from the date in which you get your first “cedula (Ecuador ID card)” or 2 years if you have an Ecuadorian kid.

You then need to gather the following documents:

1. Birth certificate apostilled (if from a country from within the apostille treaty like the US) or legalized by an Ecuadorian consulate abroad and then translated.
2. Copy of passport notarized and the original with the current resident visa.
3. Copy of cedula notarized and original.
4. Certificate from both the SRI (the Ecuadorian IRS) and the BIESS (Social Security) stating you have no outstanding debts to either. (Certificacion de no ser deudor.)
5. Your Ecuador police record and immigration movement documents. (Movimiento migratorio y record policial)
6. 4 passport photos.

The cost is $700, $200 paid up front, then $500 after being approved.

And there are no language tests, dorky Ecuadorian history tests nor required military service or further obligations upon attaining Ecuadorian citizenship.

Ecuador income is taxed by the Ecuador government, foreign income is not, regardless of if you are a citizen or not.

Currently, unless Peruvian or Colombian all foreigners need to apply for citizenship out of the Quito immigration office on Av. Carrion and 10 de Agosto.

That’s it.

Now you’ve got your Ecuadorian passport and can waltz freely through South America, the Galapagos, the Middle East and Cuba without paying a cent of visa fees or hassles.

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Posted in Ecuador for Investors, Ecuador Q&A, Investor News/Analysis

Map of South Ecuador Coast: Montanita, Olon, Salinas

Map of South Ecuador Coast: Montanita, Olon, Salinas

salinas montanita ecuador map

salinas to montanita ecuador map


HOUSE FOR RENT 5 MINUTES FROM MONTANITA

One price for WHOLE HOUSE… fit as many people as you like!

$30 per day, $180 per week, $380 per month.

Quaint house with beautiful 180 degree ocean view for rent 3 minute walk from beach and 25 minute walk to the center of Montanita.

FREE WIFI!

3 Bedroom (with 1 queen bed each), 2 bath, furnished kitchen, stove, mini-refrigerator, patio with hammocks overlooking the ocean, yard, garden.

Free WIFI INTERNET
3 Bed
2 Bath
Terraza with porch with ocean view
Garden
Furnished
Parking area
Kitchen
Pets OK
Guests allowed no extra fees, parties OK
$100 security deposit, can rent for days, weeks or months.
In secured, gated complex with 24 hr guard.

Call Dom at 0969251257, dombuon AT gmail.com to reserve now or write him below to reserve:

Your Name (required)

Your Email (required)

Arrival Date, Length of stay and questions:

 

montanita-real-estate

montanita-condo-rentals

montanita-hotel-near-beach

 

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Posted in Ecuador Q&A

How to sell your property in Ecuador… Fast

salinas property

A view from the front of the lot. 

For six weeks I put the sale of a beachfront lot I purchased for resale on hold while I built 3 tiki-style beach huts on the southen coast of Ecuador on a different oceanview lot in time for the upcoming rentals high-season here (late Dec- early Apr).

Now as I mentioned earlier this week, I’m finished building so I’ll focus back on selling the beachfront lot I purchased to resell.

It’s a good lot.

In an area with great potential for short-term growth, flat, on a small bluff elevated about 15 feet over the ocean, 475 m2 (5112 ft2), right on the beach with no road in front, 25 minutes from Salinas in a small, non-commercialized fishing village right in town near water/electricity and I’ve decided to ask only $16k with hopes to sell it quick.  That’s roughly $33 a square meter which for beachfront is a good deal in this area of the Ecuador coast where I’ve seen similar beachfront lots sell anywhere from $35-200 per m2 for smaller lots like this one.

My initial marketing strategy will be three-pronged, simple and inexpensive, we’ll see if and how fast it works…

1. List with 1-2 local real estate agents in the Salinas area.
– Exclusivity is neither expected nor respected in Ecuador by most property sellers, sellers usually let multiple agents list and promote their property and pay the commission to whoever sells it first.  I’ll aim to get the lot listed by a few of the Salinas agents who I know really sell properties.  Not all agents in Ecuador actually can sell!  I’m happy to offer 3-5% if an agent can help find me a buyer and show my lot, well worth it.  I value marketing and sales cause I’m a marketing guy myself!

2. Publish ad in the major local newspaper.
– I plan on taking an ad in the Sunday classifieds of El Comercio, the major local paper in the area, in Spanish targeting the local market.

3. Post on the net (in English) targeting the English-speaking market abroad.
– On my own site EcuadorRealEstate.org where I let anyone selling property in Ecuador under $50k publish for free, or for $20 a month if they are looking to promote a property asking more than $50k.

– Publish ad on Craigslist in English aimed at the foreign market interested in Ecuador property.  It’s free and it’s popular worldwide and a great way to get the property in front of more eyeballs looking for real estate in Ecuador.

– Post on Viviun.com , Its a high ranking site where I can pay a small fee to get my property for sale in front of even more eyeballs looking for Ecuador land.

Hopefully in one of my next updates you’ll learn as I learn through the sale… 😉

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Posted in Ecuador for Investors, Ecuador Q&A

Final costs of the tiki hut building project in Ecuador

I’m done. Six weeks, 3 tiki huts built with oceanviews near Montanita.

3 VERY different styles.

Non are luxury, but two of the three are nice for the middle-end or middle-higher-end traveler while one without much of a view is for the budget backpacker/surfer type.

Remember when I got quoted $3000-3500 for each tiki hut? And when I said I knew of others in the area that pull in around $50 a night on the weekends and $20 or so a night on weekdays?

Well, I built mine with kitchenette, balcony, 1 bedroom, 1 bath ensuite with WIFI for new arrival expats and travelers looking to rent anywhere from 3 days to one month, maybe while they search for something else long-term.

Well, here are the exact FINAL COSTS of the construction of each…

Tiki Hut 1, The budget option with little ocean-view built with a cement floor and cement block with the “Sing” metal sheet roofing so common in this area of Ecuador. It has WIFI and a mini-stove and bathroom (all in the same room) while the shower is behind a curtain out back. I hope to rent it to a surfer or backpacker for around $100 a month or $5 a day for shorter time periods. It’s good enough for me and someone not very picky, I could live there if I needed to live somewhere rent-free. It is very soviet-esque but comes furnished with bed, table, chair, Wifi internet, electric cooker, sink, and a half bath with the shower around back which does have a curtain. Currently its listed for rent at $85 a month.

ecuador tiki huts

Total build time = 6 days. (One Ecuador workweek).
Total size = 16 m2 or 172 ft2

FINAL COSTS

Floor and mini-support columns
-8 sacks of cement at $6.65 = $53.20
– 1/2 m2 of sand = $9.15
– 1/2 m2 of rock = $10.20
– 6 Rebar of 8mm = $31.86
total= $104.41

Walls
Cement block (250 units) = $77.50
6 Sacks of cement = $39.90
Door = $45
Lock and door knob = $12
No glass windows installed, only cement block windows with mosquito screens.
=$174.40

Roofing
7 sheets of metal “Sing” = $77
4 wooden support cross beams = $36
Mosquito netting = $25
= $138

Installations
Toilet and sink = $95
Shower head = $8
Electricity installation of one light = $24
3 points of water and plumbing installation (toilet, sink, outside shower) = $60
Random plastic tubing, wiring and electric/plumbing accessories = $34.68
Electric stove = $14
= $235.68

Labor = 2 men, one lead builder (maestro $150) and an assistant (oficial $90) for one week, total = $240

TOTAL COST $892.49

 

Tiki Hut 2, I bought this All-wooden hut pre-built from a builder I know from the Ecuadorian Amazon, Tena region. It took 3 days for them to install it on my location elevated a few feet above the ground. It has a wooden balcony, wooden floor, wooden walls, a “sing”roof, a beautiful oceanview, one bedroom, one bathroom, a sink, kitchenette, mini-refrigerator, WIFI, one queen bed, closet, one full bathroom with a hot electric-powered shower with a tile floor and vinyl-covered walls.

I had to tile the floor myself first laying a small web or rebar, then laying a 5 cm layer of cement, then laying the tile… and then I had to stick vinyl on the bathroom walls with rubber cement as well as install the water and electricity outlets and hook up. For rent (based on market prices) at $20/ night, $95/week or $230/month, the price is the same for one or two people.

ecuador building contractors

Total build time = 7 days.
Total size = 24 m2 or 258 ft2

Total cost of pre-fabricated wooden hut installed on site= $3200.

Total cost of bathroom supplies, tile for floor = $56
Vinyl for bathroom walls = $72
Installation of plumbing (4 points) = $84
Installation of electricity (4 points) = $48
Toilet and bathroom sink set = $85
Electric shower head = $24
Sink for kitchenette with accessories = $56
Electric wiring, plastic tubes and other plumbing and electric accessories = $78
Labor (2 days to install bathroom floor, lead maestro) = $50

Total cost = $3753

 

Tiki Hut 3, This was my baby, and boy I had no idea what i was getting myself into. By far the most labor intensive and time consuming, I designed the hut myself based off similar “mixed” models in the area. Due to inexperience building these types of huts (it was my first time) I made mistakes all along the way that caused me to go about $2k over budget (see the end of this email for details).

By “mixed construction” I mean a building that uses a mix of both eco-materials like bamboo and normal construction materials like cement and brick. My idea was to build an elevated structure a few feet off the ground with a cement, tiled floor and walls made partially of brick and bamboo.

The roof would have bamboo cross beams and a typical-for-the-area grass roof with a hidden layer of heavy-duty plastic and mosquito netting to keep the bugs out. The hut would have a balcony, one bedroom, one full bathroom with electric-powered hot shower and a kitchenette area complete with a countertop, sink, mini-refrigerator, one queen bed, closet, WIFI and a dining table for two. I did it, and it looks great, but not without learning a lot along the way. For rent (based on market prices) at $20/ night, $95/week or $250/month, the price is the same for one or two people.

ecuador builders

Total build time = 5 weeks
Total size = 30 m2 or 322 ft2

TOTAL COSTS

Labor costs
4 laborers for 3 weeks (2 lead builders, 2 assistants), 3 laborers for additional 2 weeks (2 lead builders, 1 assistant)
Lead builders (maestros) I paid one $150 a week and the other $140 a week.
Assistants (oficiales) I paid $90 a week
Extra $80 for extra men the day we poured the floor
Total= $2250

Material costs unit cost total cost
5.5 m3 of rock for construction $20.35 111.93
3 m3 of fine sand for construction $12 36
5 m3 of large-grained sand for construction $18.30 91.50
72 Sacks of cement $6.65 478.80
1 screwdriver $1.34 $1.34
11 Material transport cost $7 77
25 Rebar of 12mm $11.77 294.25
39 Rebar of 8 mm $5.31 207.09
18 Rebar of 10 mm $8.19 147.42
31 steel wire for tying rebar $.88 27.28
1 Wire #14 100m $27.50 $27.50
2 Paintbrushes $1.87 3.74
2 Pairs of rubber gloves $1.60 $3.20
1 Flex meter $3.03 $3.03
1 Net to filter sand $3.16 $3.16
45 4-meter boards of low quality wood for construction purposes $3.40 $153
28 m2 large floor tiles for bedroom and kitchen 5.18 $145.04
1 SIKA 4kg Acelerante $5.37 $5.37
2 Red Teflon Paolo $.41 $.82
2 drain piece for shower $2.25 $4.50
10 nails for cement 2.5” .08 $.80
20 nails for wood 2.5” .84 $16.80
1 Tube Connector $2.09 $2.09
1 Tube 110 mm $10.04 $10.04
10 Viruta #8 $.60 $6
10 lbs of 2” nails $1.63 $10.63
3 lbs of 3” nails $1.63 $10.63
Tubes for plumbing $2.65
34 Bamboo thin 4 meter stalks for construction purposes $3 $102
3 4×4 wood cuartones $6.35 $19.05
1 mangle (wood beam) 5 meter $13
2 doors nicely finished $70 $140
2 Door lock $12 $24
6 Caja Rectangular Plastigama Plumbing accessories $.76 $4.56
1 Caja Octagonal .76
5 Tomac 1228 2.37 $11.85
1 Tomac P-68 2.14
2 Interruptor 1100 1.79 $3.58
8 Perfiles 4x4x2.3 2.61 $20.88
2 Brushes for wire 1.60 $3.20
2 Viruta #8 .58 $1.16
2 Windows with wood frames nicely finished $100 $200
25 stalks of diced Bamboo $3.50 $87.50
15 m2 of Beige tile $9.06 $135.90
7 m2 of Sabina Beige tile $7.81 $54.67
30 units of designer bathroom tiles $.76 $22.80
4 Bags of Porcelain, grout $1.73 $6.92
16 Sacks of Bondex Titania 20kg cement $4.24 $67.84
4 Sacks of Bondex Premium 20kg cement $12.41 $49.64
Varios Tubes and plumbing/electrical accessories $478.89
2 Electric saw blade $4.50 $9
10 Cabo ¼ $.22 $2.20
1 metal sink $28.57
30 m2 Black heavy-duty plastic for roofing $1.56 $46.80
3 units Maderol 1000cc $10.26 $30.78
2 Piola Nylon Ponte Selva #6 $1.87 $3.74
8 Sack Granite pebbles $2 $16
1 Codo 50×90 Plastigama 1.20
1 Sifon 50mm Plastigama $4.01
2 llave de pared for kitchen plumbing $21.87 $43.74
3 Tubes for toilet 1/2×7/8 2.36 $7.08
16 screws 8×2” .05 $.80
1 6” brush Wilson 9.55
8 Rosetron Bakelina .58 $4.64
1 Connectors for bathroom sink $9.82
8 Tiras (wood for construction) 1.56 $12.48
10 Cuartones (wood for construction) 2.93 $29.30 744.5
6 units sandpaper #120 .35 $2.10
3 units sandpaper #80 1.35 $4.05
3 units sandpaper #180 .35 $4.05
1 unit handicraft wood for balcony $60
6 bundles palm frowns for finishing roof $25 $125
Other wood costs for construction not calculated above $100
2000 Bricks .21 $420

Total material cost: $ 4306.86

Total cost = $6557.36

Final conclusions, lessons learned, notes to self + you:

– Buy pre-fabricated if you can find a design you like! It will save you time, hassle and money!

– Build on the ground, not with an elevated floor to save costs on rebar and time. This error cost me a bit over a $1000 and caused me to go over-budget!

– Build with cement block and the typical metal-sheet roofing when feasible to economize, use brick for decorating and highlighting only. Bricks are very time-consuming to build with.

– Shop around for doors and windows prices range greatly.

– When building an elevated floor or multiple floors find someone to rent you their construction wood planks, the ones they use to hold up the cement.

– Have your own pick-up truck type vehicle during construction and save greatly on transport costs.

– Once your floor and support columns are in most of the heavy lifting is done and you can reduce personnel.

– Always be prepared for construction projects in new countries to cost 50-75% more than you planned for if managing yourself.

– Although feasible and even a bit fun, if you aren’t a builder it’s really not a good idea to manage a construction project yourself.

– There is a reason Ecuadorians build like they do, and like I followed with TIKI HUT #1, don’t reinvent the wheel, try to build as they do to economize but maybe while adding a few “perks” that add value to your place and make it somewhere you’d like to live.

-Building with eco-products like Bamboo actually is MORE expensive than building with cement and cement block.

– Buy as many fixtures, furniture and materials as possible in the nearest big city to save costs, on the southern coast that would mean buying in Guayaquil.

-Buy all the rock, sand and cement bags you will need for the project beforehand to save time and costs considering you have a place to put it.

– If building on your own get at least a couple “expert” opinions beforehand, I only got one, wasn’t enough, wish someone would have told me at least what I just told you, it would have saved me thousands!

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Posted in Ecuador for Investors, Expat Lifestyle, Investor News/Analysis

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