Broker, Lightning Realty
Phone/Text: (813) 766-1501
Florida Luxury Realty
Young buyers will usually come to appreciate that as the move toward starting a family that condo living in not best suited for this stage of an individuals life.
I'll go out on the limb and generalize that you can expect to pay at least $1,000 quarterly in condo fees. Granted, you will have most of these same fees with a single family home but usually to a much lesser degree. A cost comparison between your targeted condo and a single family home would be advisable. Your agent will be able to support you with this initiative.
Best of luck,
The big difference is that a condo offers common areas; recreational facilities, swimming pool, fitness center, clubhouse, golf course(?) which you pay a per centage in your monthly maintenance fee to use and enjoy.
The condo monthly maintenance fee also includes other features such as; basic cable, pest, reserves, manager, possible water/sewer/trash. Although the montly fee may seem high, if you breakdown the expenses, by line item you may discover it is the same as those expenses you would pay living in a single family home.
Some people want the convenience of putting the key in the lock arriving home and that it. In a single family home there will be some thing that requires your attention, the yard, pest control, the pool.
Both lifestyles offer something slightly different, it really depends upon you. Personally I have lived in a low rise condo, a high rise condo, and single family home(s). Each one was perfect while living there.
It is really up to you.
Brock Realty Inc.
Of course, this type of property ownership places you in a compromised position should litigation occur within the organization or with an outside contractor. One condo community, due to a lien imposed by a roofing contractor, prevented the sale of ANY condos for over one year.Many are not receptive to the 'everybody's in your business' communal life style of a condo and eventually opt for a single family home. Fifty Five plus communities are no exception.
Financing can present a challenge, but others have found ways to meet the requirements of lenders.
There are so many differences in purchasing a single family home and a condo that two separate guides are required. If you would like my Florida Condo Buyers Guide just give me a call. It not only covers the mechanics of the structure but devotes a chapter to interpreting the all important financial disclosure documents of the association.
If you are a serious buyer you will need to call.
No, don't use that 'contact' button.
No, don't use Trulia email.
Go old school and pick up the phone, if you are serious.
Best of Seccuess to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group, Palm Harbor