September 11, 2014

10 Warning Signs You MAY Be Paying Too Much for Rent in Cuenca Ecuador

 
Some of you might think you got a great deal on your rental and maybe you have. However, we know that many expats in Ecuador are overpaying for their rental house or apartment. So consider the list below to see if you may be getting gringoed on your rent.
  1. You procured your rental through an English speaking/ Ecuadorian real estate agent or online.  
  2. You asked for any one of these amenities in your new place: views 2) elevator 3) by the river 4) near shopping 5) walk to Supermaxi.
  3. You took the first price that was quoted and did not negotiate.
  4. Your new place is a furnished one bedroom suite. (Tourist rental) 
  5. Your landlord raised the rent after one year. (Illegal in Ecuador)
  6. You paid three months rent upfront. (The locals do not do this)
  7. You compared the Ecuadorian rental price to what you WERE PAYING in the u.s.
  8. You brought your u.s standards of living with you.
  9. You simply don’t care how much your rent is.
  10. You’re paying more than $400 for an unfurnished 3-bedroom 3-bath house, or you are paying more than $350 for an unfurnished 3 bedroom 3 bath apartment that does not have 24 hour security or elevator.
None of these are a guarantee that you are getting gringoed, but we think you should use it as a red flag, and do some more due diligence.   

Are you paying too much for your rent?

We're an Expat Family of Five Living Frugal, Healthy and Happy in Cuenca Ecuador! Enjoy the blog!

2 comments:

  1. You fine people always give such good advice.
    We hope to meet you someday.
    Thank you all.

    Edward Allen
    apachetomtom@comcast.net

    ReplyDelete
  2. We are traveling through Ecuador with our children and are looking for a place to stay in cuenca for a month. Do you have any recommendations for a cheap place in a nice neighborhood? Are there any good sites or places I should check. Thanks so much!

    ReplyDelete

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