And we’re off! Foundation prep. Ecuador coast house build part 1.

So this week we broke ground on the 3 bedroom, 2 bath oceanview house here south of Manta, Ecuador.

The first step was to level the ground and dig the holes for the foundation and septic system all in one shot; a high pressure jetting services company came to clean the pipes and make sure the system was going to run smoothly.

As you can see in the pics (click display images in your email reader) in came the heavy manchinery, which I rented for $25 an hour with specialized driver included. Although an entirely prefabricated house is one of the cheap homes to build, the panels offer a lot more flexibility in building as well as materials. According to Davis Frame Company, prefabricated panels save on labor costs and time.

The 2014 Survey of Construction (SOC) from the Census Bureau shows that the average completion time of a single-family house is around 7 months, which usually includes around 25 days from authorization to start and another 6 months to finish the construction bu the this projects total came to 36 hours or $900.

Next step, get water to the lot, easier said then done, maybe, stay tuned!

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Is there really NO car depreciation in Ecuador?

 

Today I sold my car in Ecuador.A 2013 model Chevy N300 mini-van for $13,000 USD.

I bought it one year ago from a used car dealership here in Quito for $13,000 USD.

So, I used the car for a year, put 26,000km on the car (16,100 miles), scratched it up a bit and still didn´t lose a cent on it.

No big repairs were needed, just oil changes, new tires.

Is this normal in Ecuador?  Why?  

Actually, yes!  Cars are so expensive here due to the import restrictions AND cars retain their value quite well.If you shop around a bit it´s common to buy a used car at market price, use it for a year or two and then resell it for at or just below what you paid for it.

In my own experience, I´ve seen for most car types and models in Ecuador, cars depreciate about $1,000 per year of use.

It never ceases to amaze me when in Ecuador people will drive a new car off the lot and then try to resell it a short time later for $500 less than they paid for it!

In places like the US you´d lose 30% of the cars value instantly or more!

Not in Ecuador.

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How to get a building permit in Ecuador in 3 days

Building permits can be tough in Ecuador, but they can also be ridiculously easy, especially when you can obtain blueprints online at places like mysiteplan.com.

Depends a bit on the project and the municipal where it´s located.

In my experience, the municipal in Playas Villamil is really a pain.  Quito not so much.  While the municipals in Santa Elena (Salinas area), and Jipijapa (for area of coast south of Manta) are pretty easy.

My experience this week at the municipal of Jipijapa getting a permit to build my 170m2 (1829ft2) house on a 330m2 (3552ft2) lot was pretty straightforward.

The hardest part was the week or two wait for the municipal to send an inspector to define the construction limits or as they say here “linea de fabrica”.  It helped my architect knew somone in the municipal who owed him a favor (I guess).

Once that happened I had to go to the municipal with a signed official copy of the architectural plan which after heavy negotiating cost me $500 for a plan guaranteed the municipal would approve.  If not, he´d redo it.

Plus, I had to take several copies of the property deed (escritura), certificate of registry (certificado del registro de la propiedad), electrical plan also made by the architect, and a copy of the 2015 property tax payment (predios) which for my property cost well under $100.

Altogether the permit cost $135 and took 3 days.

The requirements are basically the same all over Ecuador but every municipal will have their particularities.

So now on the blueprints, permit, the 2015 tax payment and a few other minor things i´ve now spent a total of $900.

And now I´m also ready to build!

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The property flipping dilemma on the beach in Ecuador

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. Wood is the quintessential fence material. It is relatively inexpensive and you can find it pretty much anywhere. Wood has been a forefront building material since old times, and its popularity hasn’t waned even with the development of vinyl as a low maintenance alternative. But if you really want the mark of a professional, get the job done right with the expertise of privacy fencing brisbane

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. Find more plumbing services in Manassas to make sure your bathroom is well maintained.

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. Additionally, insulating the rooms with the help of experts from All Seasons Insulation 7665 Palmilla Dr #5124 La Jolla CA 92122 (858) 225-1316 or you can get redirected here to prevent the elements from affecting the room.

A dining area and patio with a BBQ area and sliding glass doors that take full advantage of the nice ocean view, if you need special doors for your home going here will lead you to a contractor that can help you.  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 and you can use a company from this homepage to help with a fence like this.  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,  so if you want to get the best services for this you can find more here about this.

1-story only making it good for older folks who don’t do stairs, I have found some designs from Adelaide stairs with ramps for those.  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!

Datson Fence – installation and maintenance of wooden fencing

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Why I just bought in Cayo, Ecuador? The next big thing?

This week I closed on my newest Ecuador property.

Four 330m2(3552ft2) lots, together, with an oceanview a short walk from the beach in Puerto Cayo.  The lots are flat and have road access, water, internet and electricity nearby (which matters!).

The plan…

…build a townhouse on each and resell.  I’ll send updates on how it goes.

But for now, why’d I choose Puerto Cayo?

Just like I liked Manglaralto (a small town near Montanita) when I bought a property there 2 years ago, and then watched it explode with development, foreign investment and a subsequent surge in prices… I like Puerto Cayo entering 2015.

It’s got one of the most spectacular oceanviews of nearby cliffs and offshore islands of the whole coast of Ecuador.  And rare for Ecuador, the ocean on a clear day can have a turquoise color due to the multi-color rocks beneath.

The beach has surfing, an activity that attracts foreign interest and gives people something to do.  It´s something Manglaralto doesn’t have, but nearby Montanita does.

I like the proximity to the city of Manta (population about 200,000) which is about an hour away, with decent shopping, big box stores and the nearest airport.

I like that its in the Manabi province on the central part of the coast, compared to Santa Elena, the province on the southernmost part of the coast, where the locals have a serious litter problem.

I love the seafood options people have in the oceanfront cabanas near town, and that the town is relatively safe, I know folks who live there that sometimes leave their doors unlocked.

I like the fact it is a sleepy town instead of a party town like Montanita or Crucita.

I also like that there are already a good amount of foreigners and foreign investment in the area, but that you can still find cheap land if you know how to look, like I explain in my full guide.

Foreigners attract more foreigners.

In short, I think the place could explode in the short term.

What do I NOT like about Puerto Cayo?

Most would still consider Puerto Cayo a bit remote.

It is.

It still lacks a lot of things like things to do, shopping, etc.

Also, there’s not many taxis in this town for some reason, and the distances can be far to walk.

Basic services can be iffy.  Not all lots have easy access to the city water system and the Internet, meaning you should inquire first! Not to mention that it’d also be hard to get hold of a maid to cook and clean, in which case it’d be beneficial to learn from websites like ChooseVacuum on how to keep the house immaculate.

In this area, beachfront land prices have already jumped in the last couple years due to foreign investment, the cheapest I found in my search was around $60-80 per meter.  3-4 years ago the prices started around $20-30 per meter in this area for beachfront.

But you can still find inexpensive oceanview lots a short walk from the beach for around the price I found mine at.  Thats the opportunity.  Foreigners love a view and Puerto Cayo has it, and at a good value for now.  But the place is poised for some serious possible appreciation in the short-term (1-3 years).

So get in while you can.

NEW! OCEANVIEW HOUSE FOR SALE FROM $145k

Enjoy the best oceanview of the whole Ecuador coastline right from your porch of the islands off Puerto Cayo!

The house is a short 3 minute walk from the beach and a short walk to the center of a sleepy, safe fishing village with AMAZING seafood!

Rise in the morning and slide open your sliding glass doors and bask in the 180 degree oceanview from your porch.

Also, enjoy the safety and comfort of a small gated subdivide without all the politics of a large one.

Entertain your loved ones during a BBQ from your deck as you whale watch and entertain your closest friends and family.  This beach house, built to North American standards is the place for you, all for under $1000 per square meter which is much less than the new construction residences in nearby Manta!

Year built: New! 2015
View: 180 degree oceanview
Lot size: 337.5 m2 (33750ft2)
Roof: Spanish-colonial style clay tiles
Availability: 1 finished house available only, 3 pre-construction

Construction size: one story 190m2 (1900ft2)
Distance to beach: 500 meters
Bedrooms: 3
Bath: 2
Patio/deck: covered (27m2 or 270ft2)
Garage: covered, one car.

Property type: Stand alone home in small (4-5 units) gated community.
Landscaping: Desert landscaping
Master bath: His and hers sink, bath-tub. (9m2 or 99ft2)
Bedrooms: Finished wide closets with extra large windows with screens.  (22m2 or 240ft2). Replacement Windows Installation offers a wide variety of window installation and replacement options to fit almost any Colorado residential or commercial need. You can visit website for more about the window replacement service.

Water pressure: House comes with installed pump and pressure tank, plug and play. Pumps are a standard installation in modern homes. they’re generally installed in basements and cellars to assist the fast flushing of water through a sump hole. Sump holes are places where water that goes to the basement or cellar seeps to urge out of the house. But sometimes, the speed of water entering the basement is quicker than the speed of the water getting out. The pumps are installed to quicken the speed of outgoing water, thus preventing floods. Most pumps are installed to pump water to a direction where they will not be causing damage. In some localities where flooding may be a normal occurrence, they’re installed in such how that they drive water towards rain drains or wells.

There are many sorts of sump pumps within the market today, and what you select depends on your preference, needs and budget. they’re usually classified consistent with their capacity. For homes that have relatively low rates of flooding, a pump with alittle motor will already do, while homes that have high rates of food, big sump pumps are ideal. Water will accumulate very quickly if floods have high rates then your suction pump got to have a capacity large enough to match or maybe exceed this rate by even a touch . You can also check out backup sump pump review, to know more which pump is suitable for you.

City water: yes!
Sewage: Septic
City electric: yes!
Internet/Telephone ready.

Open kitchen with island, air extractor, and granite countertops.

Porcelen flooring
Spanish tile roofs
Screens for windows

Very desirable area for rentals… great possible return on investment! Duplexes in nearby vacinity are going for over $250,000 with no oceanview.

Finished! Move-in ready. Only 1 finished house available, could go quick!

For the finished house asking $159,000. For $145,000 get the same house on adjacent lot if you buy pre-construction!

For more details or a showing call 0988899774(Ecuador) or write us below and we will respond within 1 business day:

[contact-form 20 “Cayo house for sale”]

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