Should I buy or rent a home in Manglaralto?

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

"We bought a home when we made our first trip here about 9 months ago. That is we placed a down payment on an existing but fairly new house. Real estate agents here are a bit of a gamble but we were lucky. The process is very fluid and I'd recommend you keep all your emails and get them to put all the terms in English in email. We came back for a week in January to close on the house and meet with the attorney about the visas. After a month at home to pack our stuff, we came back and moved in. The seller loaned us some basic furnishings and has been very accommodating. All in all, pretty smooth and easy," remarked another expat in Manglaralto, Ecuador.

"When deciding whether to buy or rent a home in Manglaralto it is important to consider the long term cost savings, local rental market, and the convenience of having a home of one's own. Buying a home in Manglaralto may be a great investment over time as the local real estate market is forecasted to increase substantially in the years to come. However, renting may be a more attractive option in the short term for those who don't have the capital to buy, or those who don't want to be tied down to one place. Renting is also convenient for those who may be looking to move around a lot in Ecuador, as it does not require a long-term commitment," said a member in Manglaralto, Ecuador, Ecuador.

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Should I buy or rent a home in Manglaralto?

If you live in Manglaralto, newcomers to Manglaralto would love to hear your answer to this question.