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Real Estate in Montanita, Ecuador | Expat Exchange
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Montanita, Ecuador

Real Estate in Montanita, Ecuador

By Joshua Wood, LPC

Last updated on Jul 14, 2024

Summary: Expats and retirees talk about real estate in Montanita, Ecuador? How do you find a home in Montanita? Should you buy or rent? What is the cost of housing?

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Cigna Global Health
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Cigna Global Health

How do I find a place to live in Montanita?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Finding a place to live in Montanita involves several steps. First, you need to decide what type of accommodation you're looking for. This could be a house, an apartment, a hostel, or even a room in a shared house. Once you've decided on the type of accommodation, you can start your search. There are several online platforms where you can find listings for rentals in Montanita, such as Airbnb, Booking.com, and local real estate websites. These platforms allow you to filter your search based on your preferences, such as price range, location, and amenities. Another way to find a place to live is by contacting local real estate agents. They can provide you with listings that match your criteria and arrange viewings. If you're already in Montanita, you can also find a place to live by walking around the town and looking for rental signs. This can be a good way to find local deals that may not be listed online. Once you've found a place you're interested in, you should arrange a viewing. This will give you a chance to see the property in person and ask any questions you may have. Before signing a lease, make sure to read it carefully and understand all the terms and conditions. If you're not fluent in Spanish, you may want to have a translator or a local friend help you with this. Finally, once you've signed the lease, you'll need to arrange for utilities and internet, if they're not included in the rent. You can do this by contacting local providers or asking your landlord for assistance. Remember, finding a place to live in a foreign country can take time and patience, so start your search well in advance of your move," explained one person living in Montanita, Ecuador.

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What is a typical expat home or apartment like in Montanita?

"A typical expat home or apartment in Montanita, is often a blend of modern and traditional styles. These homes are usually spacious, with open floor plans and large windows to let in natural light and offer stunning views of the surrounding landscapes. The living areas often feature comfortable furniture and are designed for relaxation and socializing. The kitchens are usually fully equipped with modern appliances and ample storage space. Bedrooms are typically large and airy, often with en-suite bathrooms. Many homes also have outdoor spaces like balconies or patios, perfect for enjoying the tropical climate. Some expat homes may also have amenities like a swimming pool, garden, or even access to a private beach. Despite the luxurious features, these homes often incorporate local materials and design elements, reflecting the culture and charm of Montanita," said one person in Montanita.

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What is the average cost of housing in Montanita?

If you are thinking about moving to Montanita, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Montanita can vary greatly depending on the type and location of the property. For a one-bedroom apartment in the city center, the monthly rent can be quite affordable, while a three-bedroom apartment in the same area can cost a bit more. If you're looking to buy property, a small house or condo in Montanita can be relatively inexpensive, but prices can rise significantly for larger homes or properties with ocean views. However, compared to many other popular tourist destinations, Montanita is generally considered to be quite affordable," said one person in Montanita.

Should I buy or rent a home in Montanita?

If you have not spent a lot of time in Montanita, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"The decision to buy or rent a home in Montanita depends on several factors. If you plan to stay in Montanita for a long period of time, buying a home could be a good investment. Owning a property allows you to have a permanent base, and you could also rent it out when you're not using it, which could provide a source of income. On the other hand, renting a home in Montanita could be a better option if you're not sure how long you'll be staying. Renting offers more flexibility, as you can move more easily if your circumstances change. It also means you won't have to deal with the responsibilities and costs of property ownership, such as maintenance and property taxes. It's also worth considering the local property market. If property prices in Montanita are high and continue to rise, buying a home could be a good investment. However, if prices are low or falling, it might be better to rent. Finally, your personal financial situation will also play a big role in this decision. Buying a home requires a significant upfront cost, and you'll also need to be able to afford the ongoing costs of property ownership. If you're not in a position to do this, renting could be a more affordable option. In conclusion, whether you should buy or rent a home in Montanita, Ecuador depends on your long-term plans, the local property market, and your personal financial situation. It's a decision that requires careful consideration, so it's worth seeking advice from a local real estate agent or financial advisor," said one expat in Montanita.

About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

Montanita, Ecuador

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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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