The engagement, of course!
Now, you’re engaged; you’re committed. You stop looking at the other choices and focus all your energies on this choice; getting to know all the small things, quirks and idiosyncrasies that all relationships have. Maybe you decide to live together before you tie the knot.
Sounds pretty normal, right? Taking your time to know someone with whom you will spend many years seems pretty important. And yet, some will come to Ecuador for a brief visit or two, basically one date, and decide to invest a significant amount of money without an engagement first. Why? What’s the rush? Engagements work! Limit your liabilities!
Agents and Developers here in Ecuador are constantly urging prospective buyers to “act now” before the prices go up or the land is all gone or the currency collapses or the zombie invasion takes over. The truth is that becoming “engaged” to Ecuador for a year or two is the safest way to see if you can adjust to the culture before buying any real estate.
And by the way, there are many, many Ecuadors. Ecuador’s various regions differ greatly, one from another, just as regions of the United States differ. One’s lifestyle in the high altitudes of the Rocky Mountains will be considerably different from a life in Miami or New York City.
In the past couple of months, I have known several folks who have decided to move from their original location here in Ecuador to another location; from the high country to the coast or from the coast to the high country. Others have moved back to the states after some time here.
Immediately deciding to purchase property and/or building your dream house is one complexity that may hinder your flexibility when first coming to a new country. Most suggest that one should rent for 1-2 years in the community in which you want to live. I wholeheartedly concur! Getting to know your new Ecuadorian community and the surrounding area will assist you in determining if you want to make that place your new home before making a significant financial and emotional investment.
Human nature demands that we all defend our choices. After all, who wants to admit that their choice was a poor choice? Therefore, it’s pretty rare that folks will admit that their investments and energies didn’t yield what they had hoped.
I mean, really…what’s the rush to buy something? A great deal, you say? It may very well be a great deal but others have bought their “great deals” only to discover later that the community was not a good fit for them. It takes many months, perhaps a year or more, to truly get to know a new community, its available resources and shortcomings; the reliability of infrastructure such as water, electric and Internet services. Will the local shopping resources have what you regularly need or will you need to travel some distance for an ATM?
If living in a big city, are the traffic, transportation and noise levels suitable for a long-term living arrangement? What is the quality of local medical care beyond routine doctor visits? Do they have “life-saving” emergency care available and is the hospital well supplied? Can you truly be functional relying on public transportation?
These are questions that can be answered by living together before getting married. Enjoy the engagement period and learn all you can before tying the knot!
RENT for a while!
The more you know about the community, the agents and developers who seek your business, the available property choices you may not have initially known as well as the infrastructure of the area you have selected for your engagement, the better choices you can make.
Yes, some have come to Ecuador and in only a short while, have purchased a home or a condo or a plot of land and built a home. For some, they are now enjoying a great new life. For many others, the ending was not so happy. Take your time and enjoy the engagement.