Ecuador is becoming an increasingly popular destination for people looking for a tropical vacation home and individuals looking for a nice place to retire, mostly because of the many benefits and advantages that living in Ecuador can provide. Listed below are just a few of the reasons to consider purchasing a home in Ecuador.
One of the most attractive reasons to consider a home in Ecuador is that the overall cost of living is much lower than it is in the United States. In most cases, real estate will go for a fraction of the price of similar-sized properties in the United States.
This makes Ecuador a very popular destination for retirees who want their pensions and benefits to go as far as possible. In fact, the overall cost of living in Ecuador, not counting rent, is 39% lower in Ecuador than in the United States. In addition, the average price of basic utilities per month for a 915 square foot space is $38 in Ecuador compared to $146 in the United States.
Another reason to consider purchasing a house in Ecuador is that the climate is actually ideal for many people. The reason for this is that Ecuador's location provides it with temperatures that really do not get too hot or too cold.
For example, in the vicinity of Quito, Ecuador's capital, the climate ranges between 50 degrees at night and 76 degrees during the day. As a result, you can cut down on your monthly expenses since you may not have to have your heating or cooling systems on very often.
Large Expat Community
Finally, you will want to consider purchasing a home in Ecuador because it has a thriving and growing expat community. This means that you do not have to worry too much about moving to Ecuador and being completely lost or unable to communicate with the locals, since you will be able to find people from the United States and Canada throughout Ecuador. In some cases, you can even purchase a home in predominantly expat communities, which can help provide you with a sense of familiarity and home while still taking advantage of the Ecuadoran climate and low cost of living.
Contact a real estate agent or service in Ecuador today in order to discuss your options and begin the search for your new home. Buying a house in Ecuador is a great option as real estate is very inexpensive, the climate is comfortable for most people, and there is a growing expat community.