Real Estate in Quetzaltenango, Guatemala
Last updated on Jun 08, 2024
Summary: Expats and retirees talk about real estate in Quetzaltenango, Guatemala? How do you find a home in Quetzaltenango? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Quetzaltenango?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Quetzaltenango, involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a shared apartment to a private house. Next, you should research the different neighborhoods in Quetzaltenango to find one that suits your lifestyle and preferences. Some popular areas include Zona 1, which is the city center, and Zona 3, which is known for its residential areas. Once you have an idea of where you'd like to live, you can start looking for available properties. There are several online platforms where you can find listings, such as Encuentra24, OLX, and Airbnb for short-term rentals. Another option is to hire a local real estate agent who can help you navigate the market and negotiate prices. They can also provide valuable insights into the local area and help you with the legal aspects of renting or buying a property in Guatemala. If you're already in Quetzaltenango, you can also find housing by walking around the neighborhoods you're interested in and looking for "for rent" or "for sale" signs. Local newspapers and bulletin boards in supermarkets or community centers may also have listings. Before finalizing any agreement, make sure to visit the property in person to check its condition and the surrounding area. It's also important to read the contract carefully and make sure you understand all the terms and conditions. Finally, once you've found a place you like, you'll need to secure it by paying a deposit and the first month's rent. Make sure to get a receipt for any payments you make. Remember, finding a place to live can take time, so it's a good idea to start your search well in advance of when you plan to move," explained one expat living in Quetzaltenango, Guatemala.
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What is a typical expat home or apartment like in Quetzaltenango?
"A typical expat home or apartment in Quetzaltenango, often referred to as Xela, is usually a blend of traditional and modern styles. The homes are often spacious, with multiple bedrooms and bathrooms, a living room, a dining area, and a fully equipped kitchen. Many homes also have a private garden or a courtyard, offering a serene space for relaxation. The architecture often reflects the Spanish colonial influence, with tiled roofs, wooden beams, and stucco walls. Inside, the homes are furnished with a mix of local and imported furniture, often featuring Guatemalan textiles and crafts. Modern amenities such as Wi-Fi, cable TV, and hot water are usually available. Some homes may also have a fireplace for the colder months. Many expat homes are located in safe, gated communities or in the city center, close to markets, restaurants, and cultural attractions. Some may also offer stunning views of the surrounding volcanoes and mountains. Despite the comfort and convenience, the cost of living in Quetzaltenango is generally lower compared to many Western countries, making it an attractive destination for expats," explained one expat living in Quetzaltenango, Guatemala.
What is the average cost of housing in Quetzaltenango?
If you are thinking about moving to Quetzaltenango, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Quetzaltenango can vary greatly depending on the location and size of the property. For a one-bedroom apartment in the city center, the monthly rent can be around $200 to $300. If you're looking at a three-bedroom apartment in the same area, the cost can increase to around $400 to $600 per month. If you prefer to live outside of the city center, the cost can be significantly lower. As for buying property, the price per square meter in the city center can be around $800 to $1,000, while outside of the city center it can be around $500 to $700. Please note that these are estimated prices and actual costs may vary," said one expat who made the move to Quetzaltenango.
Should I buy or rent a home in Quetzaltenango?
If you have not spent a lot of time in Quetzaltenango, 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 Quetzaltenango, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Quetzaltenango for a long period, buying a home could be a good investment. Owning a home allows you to build equity over time and could provide a sense of stability and permanence. On the other hand, if you're unsure about your long-term plans or if your stay in Quetzaltenango is temporary, renting might be a better option. Renting offers more flexibility, as you can move without the hassle of selling a property. It also allows you to avoid the responsibilities and costs that come with home ownership, such as maintenance and property taxes. Financially, you'll need to consider your budget and the local real estate market. Buying a home requires a significant upfront investment, including a down payment and closing costs. However, it could be more cost-effective in the long run if property values increase. Renting typically involves lower upfront costs, but you won't build equity or potentially benefit from rising property values. It's also important to consider the lifestyle you want. Owning a home can offer more privacy and the freedom to customize your space. Renting, however, can provide access to amenities like a gym or pool, and it often means less responsibility for maintenance and repairs. In conclusion, whether you should buy or rent a home in Quetzaltenango, Guatemala, depends on various factors, including your financial situation, long-term plans, and lifestyle preferences. It's a decision that requires careful consideration and, ideally, advice from real estate professionals familiar with the local market," explained one person living in Quetzaltenango, Guatemala.
About the Author
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.