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Real Estate in Vilcabamba, Ecuador | Digital Nomad Exchange
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Vilcabamba, Ecuador

Real Estate in Vilcabamba, Ecuador

By Joshua Wood, LPC

Last updated on Oct 18, 2024

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

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How do I find a place to live in Vilcabamba?

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

"Finding a place to live in Vilcabamba involves several steps. First, you need to decide what type of accommodation you're looking for. This could be a house, an apartment, 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 Vilcabamba, such as Ecuador Expats, Viva Tropical, and OLX Ecuador. These platforms allow you to filter your search based on your preferences, such as location, price, and size of the property. In addition to online platforms, you can also find listings in local newspapers or through real estate agencies in Vilcabamba. It might be beneficial to hire a local real estate agent who can help you navigate the local market and negotiate the best deal for you. Another option is to visit Vilcabamba and look for "For Rent" signs. This can be a good way to find properties that are not listed online or in newspapers. Once you've found a property you're interested in, you should arrange a viewing. This will give you a chance to inspect the property and ask any questions you might 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, it might be a good idea to hire a translator or a lawyer to 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 through local providers in Vilcabamba. Remember, finding a place to live in a foreign country can be challenging, but with patience and persistence, you can find a place that suits your needs and budget," remarked one member in Vilcabamba.

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

"A typical expat home in Vilcabamba, is often a blend of traditional and modern architecture. The houses are usually spacious, with large windows to let in natural light and offer stunning views of the surrounding mountains. They often feature open floor plans, with a large living room, a fully equipped kitchen, and multiple bedrooms. Many homes also have a patio or a balcony, perfect for enjoying the pleasant climate and beautiful scenery. The homes are often surrounded by lush gardens, filled with local plants and flowers. Some even have their own fruit trees. Many expat homes also have a swimming pool, a popular feature given the warm, sunny weather in Vilcabamba. Inside, the homes are comfortably furnished, often with a mix of local and imported furniture. Many expats choose to incorporate elements of Ecuadorian culture into their home decor, such as local artwork or traditional textiles. Despite the rural setting, many homes in Vilcabamba come with modern amenities. High-speed internet, satellite TV, and modern appliances are common. Some homes even have solar panels or other eco-friendly features. In terms of location, many expat homes are located in gated communities or on large, private properties. These offer a sense of security and privacy, while still being close to the town center and local amenities. Overall, a typical expat home in Vilcabamba offers a comfortable, modern lifestyle in a beautiful, natural setting," said one person in Vilcabamba.

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What is the average cost of housing in Vilcabamba?

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

"The average cost of housing in Vilcabamba can vary greatly depending on the type and location of the property. For a modest home in the town center, prices can start as low as a few tens of thousands of dollars. However, for larger, more luxurious properties or those with land, prices can easily reach into the hundreds of thousands of dollars. Renting is also an option, with monthly costs ranging from a few hundred to over a thousand dollars depending on the size and location of the property. It's important to note that these are average prices and actual costs can vary," remarked one foreigner who made the move to Vilcabamba.

Should I buy or rent a home in Vilcabamba?

If you have not spent a lot of time in Vilcabamba, 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 Vilcabamba depends on several factors. If you plan to stay in Vilcabamba for a long period of time, buying a home could be a good investment. The real estate market in Vilcabamba is relatively stable and property values tend to increase over time. Buying a home also gives you the freedom to modify and personalize your space as you wish. On the other hand, renting a home in Vilcabamba offers more flexibility. If you're not sure how long you'll be staying or if you prefer not to deal with the responsibilities of home ownership, renting could be a better option. Renting also allows you to test out different neighborhoods and types of homes before making a long-term commitment. It's also important to consider your financial situation. Buying a home requires a significant upfront investment, while renting typically involves lower initial costs. However, as a homeowner, you could potentially recoup your investment and even make a profit if you decide to sell in the future. In conclusion, both buying and renting have their pros and cons. It's important to carefully consider your personal circumstances, financial situation, and long-term plans before making a decision," said one expat who made the move to Vilcabamba.

"Lots of rental and for sale properties everywhere. I rent an apartment. In smaller towns like mine people don't even sign any rental agreements and it is convenient to rent from month to month," explained one foreigner living in Vilcabamba, Ecuador.

About the Author

Joshua Wood Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad 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.

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