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Wednesday, September 18, 2013

For Sale: Third in Chipipe Beach


This building is very well maintained inside and out. Definitely one of the best looking buildings in Chipipe.
Floor: 7th
Sq. ft: Approx. 1,700
Bedrooms: 3
Bathrooms: 2 ½
Social Area: No pool, only lobby gathering area.
Parking/Storage: One covered parking space with storage closet.
Price: $240,000 negotiable, includes furniture
Impression:  This is an impressive building to look at. This condo needs nothing to make it a very nice ocean front retreat. It has excellent rental potential for possible long term renters 6-12 months. There is no true outside balcony but the sliders open fully. The kitchen and bath remodel was done a while ago but still looks fresh. However, it was done with lower end materials. The vaulted ceiling in the living room helps to make it feel bigger. This condo suffers in two areas. First, it is a narrow/long condo, I call it “hallway” living space. You never truly get an open feeling in this type of condo even with sparse furnishings. Secondly, it is priced just over $140.00 a sq. ft. It would take a substantial reduction to get it closer to a reasonable $100 per sq. ft. 







The vaulted ceilings and full sliders help make the living room feel more spacious. 

The kitchen and baths were remodeled, but with lower-end materials. It is clean and functional but not as impressive as the price would suggest.  




The bedrooms, including the master, are in the back of the building.



Tuesday, September 3, 2013

For Sale: Second in Chipipe Beach


As we stated earlier, Chipipe is our favorite beach area in the Salinas peninsula area. It’s no mystery why we purchased a condo here. The condos in Chipipe offer magnificent panoramic views of  beach and ocean. 
Another typical building.
Floor: 3rd
Sq. ft. Approx. 2,100 inside with additional outdoor living area of Approx. 1,400 sq. ft.
Bedrooms: 4
Bathrooms: 3 ½
Overall Condition: Very original condition. This condo has not been remodeled or updated. Would require complete remodel of kitchen and bath areas including removal of walls. The water supply lines would all have to be replaced. The electrical panel and much of the wiring would also require updating. The outdoor living area needs a complete renovation.
Social Area: No pool only lobby gathering area.
Parking/Storage: One covered parking space with storage closet.
Price: $160,000 firm
Impression: This is a very original condition condo that shows its age. This one is only for the serious remodeler. I would call it a chunk of coal waiting to be transformed into a diamond. The sheer size of this condo is impressive. Normally you would only find this amount of space in a penthouse. Being on the third floor may put off some. However, it is high enough and designed such that sweeping views of the beach are offered. The biggest draw is the potential for unlimited outdoor living possibilities. The price is keeping this one on the market. I would estimate a remodel cost of $50,000 to transform this into an impressive condo with an unparalleled outdoor living area.  A total investment of approximately $220,000 would put this at the high end of the market with little or no immediate equity. This is definitely a hold-and-enjoy condo for 2-3 years and see if appreciation offers a reward.

This building is maintained well on the inside. The building needs to be repainted on the outside.



 The outside living area is large, approx. 1,400 sq ft.




The living room is good sized but could be made larger by removing one of the front bedrooms.

The kitchen and laundry area are divided by a common wall. Once removed a large kitchen could be planned.  


The master bedroom is in the front of the building offering ocean views from the sliding doors.


Typical bedroom on backside of building.

Saturday, August 24, 2013

For Sale: Chipipe Beach


There are three distinct beaches in the Salinas Ecuador area where you find the majority of ocean front condominium buildings: the Salinas Malecon, San Lorenzo, and Chipipe. In the next series of postings we will present typical condominiums for sale in each of the three areas.

Chipipe is by far our favorite of the three beaches. Its wide, soft sand beach stretches from the tip of the peninsula to the Salinas Yacht Club. The condos in Chipipe offer magnificent panoramic views of  beach and ocean.

The condominium buildings in Chipipe are older, averaging about 30+ years. However, the buildings are very well maintained. Despite there being fifteen ocean front buildings, condos for sale in Chipipe are few and far between. Rarely is a “Se Vende” sign posted on a Chipipe condo. The few that are for sale are mostly offered by Ecuadorian Realtors. Making it a little more difficult to inquire about but well worth the effort. This may change as more North Americans are expressing a high desire to purchase in Chipipe.

The following condo is typical of what you will find for sale in Chipipe.
Floor: 2nd
Sq. ft. Approx. 1700
Bedrooms: 3
Bathrooms: 3 ½
Overall Condition: Older remodel in kitchen and baths. Original woodwork and doors with obvious and extensive termite infestation.
Social Area: No pool only lobby gathering area.
Parking/Storage: One covered parking space with storage closet.
Price: $160,000 including all furniture.
Impression: Not currently a show place but, with a rehab of approximately $40,000 mostly spent on the kitchen and baths, this condo could be  impressive. Being on the second floor hurts this unit if you desire sweeping views. The furniture is older but looks good in the condo, definitely makes this one instantly a good unit to rent out. Some renters may be put-off by the older finishes. But would rent very well in the local market.

The building is very well maintained.

The living area has been extended past the original sliding doors. Look closely at the wall jetting out on the right and the change of the floor tile. This marks the original location of the sliders. This modification is popular in area beachfront condos but eliminates a true outdoor living area.


The kitchen has an older rehab. While not attractive, it is functional.


The master bedroom is in the front of the building offering ocean views from the window.


Typical bedroom on backside of building with no views.



  



Thursday, August 15, 2013

Wednesday, August 14, 2013

Bar Stools

Had made-to-specification bar stools made by a local carpenter. $25 each. And comfortable too!



Sunday, August 11, 2013

Wednesday, August 7, 2013

I walked to the outdoor market in Salinas yesterday morning. Bought 6 onions and 6 tomatoes, all for $1.75. Also 1 pound of fresh shrimp, which was a lot of shrimp, for $5. I made pasta and shrimp for dinner tonight. 

Pasta con camarones

Tuesday, August 6, 2013

Breakfast with the whales.

I was having breakfast on the balcony with several whales this morning. They were jumping, splashing, and spouting just off the tip of the military base. Too far for photos with the little camera. It was nice seeing them. 

The Navy must be getting ready to do some exercises, there are several small ships in the area and they closed the military side of the beach this morning. 

Tuesday, July 30, 2013

Visitor VISA


Staying in Ecuador beyond 90 days.
     Unless you’re Julian Assange  or Eric Snowden, Ecuador wants you to follow some rules regarding extended visits. One of the quickest and easiest ways is a 12 IX tourist Visa. It is commonly referred to by Expats as an extension.  This is a type of non-migration Visa that allows you to stay beyond the 90 day limit imposed on tourists. Normally you will be granted an additional 180 days. The paperwork and documentation are not difficult but you will need some fore thought and planning. 

The first step is to decide if you really need to extend beyond 90 days. Here is something to think about. The 90 day tourist visit, known as the T3, allows you 90 days in Ecuador during a 12 month period.  So if you visit Ecuador in April to look for property and come back in December to close, those  days will count against your 90 day total.  Once April next year comes around, you gain those days back but December still counts against your total. It’s important to remember that leaving Ecuador and coming back does not restart another 90 days. I have had many expats tell me to just leave Ecuador for a few days and return with a fresh set of 90 days. It does not work that way. We know of a dentist in the US that tried it and was refused entrance at the airport and is currently waiting for his 12 month window to open back up.

You will need to pay the Ecuadorian Government a total of $234 for processing and issuing the extension. Depending on your Spanish-speaking and writing ability you may need to pay for assistance. There are many Ecuadorians and Expats that are willing to assist you with just about any service you need, FOR A PRICE. Some are good and reliable and others are not. Some will charge you a reasonable price and others will take you for every penny they can. I shopped around and found the price for assistance with an extension ranging from $100 to $300. So you can see that extending can easily cost upwards of $600 to $800 when you factor in transportation costs, photos, copies, and notary service. I chose a highly recommended Expat that charged $100 and that included copy, photo, and notary expenses. Best advice is to ask around for recommendations and talk with at least three different individuals offering the service.

Once you calculated your days in country and have decided you want an extension, the next step is to gather the paperwork.  These are the items you will need.
•A valid passport that will not expire within 6 months.
•A color copy of your passport information page and the page showing when you were last stamped into Ecuador. These must be notarized.
•A completed application known as Formulario De Solcitud De Visa De No Inmigrante.
•A extra passport photo. This will be attached to your application.
•A letter requesting the extension written in Spanish.
•A copy of a bank account statement showing you have money to live on for 6 months. Around $1200 is considered the minimum, looks better if you have more. This copy also needs to be notarized.
•A report showing your total days in Ecuador. This is obtained at the desk of the National Police at the government building issuing Visas. The National Police pulled up an electronic record of every visit and how long each visit was. (This is the reason why a visit to another country and then re-entry with a new stamp won’t work. They do keep track of your days.)
•A return home airline ticket. If you do not have one or want to make sure they give you a full 180 days this can be obtained by using Copa airlines website. You can reserve a flight online for 48 hours without making a payment. This will allow you to show an itinerary with a confirmation number for any future date. This does not need to be notarized.

These items are all easy to accumulate if you have a bank account in Ecuador and speak Spanish. I was lucky and established an Ecuadorian savings account with the assistance of an expat that owns an Ecuadorian business. However, I do not speak Spanish so I paid for assistance in gathering and notarizing the forms.

The process at the Government Building in Guayaquil is relatively easy but it will take 3-4 visits. Mine took four different trips because the computer system at the VISA office was down during my first visit.  Here is what you can expect to get accomplished at each visit.

Prior to visit #1 you will need to have the previously mentioned documents ready, color copies, notarized, and passport photo. This can all be accomplished across the street from the government building in Guayaquil at the World Trade Center building. There is a modern copy service center on the main level and notary service on the 2nd floor. I did notice that small copy shops were set up alongside the government building. The individual I worked with included the expenses in her $100 fee, she preferred to use the services available at the World Trade Center. 

During the first visit the VISA clerk will check your documents. If everything is in order you will pay a $30 fee, they will accept the documents, take a digital photo and give you an appointment card to return in 3-4 days. Make sure you keep the card because it has reference numbers that make it easier to track your application. During this processing time your application and documents will be further reviewed and your application will be approved.  

Visit 2 will be to check the approval of the application. The application should be approved and all you need to do is pay the $204 fee for the VISA and leave your passport. Once again they will issue you an appointment card with a date to return in about 3-4 more days.

Visit 3 Consists of picking up your passport with the 180 day VISA attached.
The process in Guayaquil is very efficient and modern.  You obtain a number to wait your turn at the VISA counter, a large screen TV will display the next customer number. You do need to remember two things: One, this is Ecuador so people will constantly try to cut the line and Two, all the rules concerning a VISA can and will change. 

Tuesday, July 16, 2013


Wow! Lots of activity and no internet the last few days. So here’s a “catch up!”

The kitchen walls were tiled and grouted.


We created a design above the cooktop with a smaller, diagonal tile.

Mirror and light fixture were installed in the master baño. Granite shelves were installed above/next to the sink and in the shower.

Francisco is a real granito maestro – he thought of when curved edges would be best and when square edges would be best. He also made everything fit perfectly and everything is hand-cut here, no lasers for measuring or cutting, just good craftsmanship. He even fixed a scratch in the finish.

They also put two shelves in the guest bath shower.

Electricians were here to finish outlets and covers. They also installed the kitchen light fixture (and the master bath light fixture).

And the extractor above the cooktop.

Otto, the cabinet-maker maestro returned with two assistants. They installed trim across the rest of the walls to “connect” the trim above the cabinets.

A wine-glass rack was installed under the cabinet.

And a box to cover the circuit breakers. They are almost finished with the kitchen.

Mirrors were installed in the guest bath.

We bought and installed a microwave. Turns out it has a broiler on the top too.

Friday, an acid rinse was applied to the wall tiles and the floor tiles. It really cleaned and shined everything. But we moved in on Friday and the smell was so strong, we got headaches during the night. We also had a carload of drunk teenagers stop on the malecón about 3:00 a.m. and play their music at the top of their speakers’ capabilities. They were yelling and screaming for nearly an hour. And this is the quiet beach!

We bought some asparagus at the store. The bundle was bigger than what we buy in the U.S. and it was $1.50. We bought two bundles and it tasted great!