Are you purchasing a condo in Florida? Purchasing a condominium in Florida doesn’t have to be difficult. There are a wide variety of options and price ranges to make that Florida beach condo dream a wonderful reality.
Whether the condo is for your permanent residence or a vacation property, there are a few things to consider before making your condominium purchase:
First, how will you use your condo? Is it for your permanent residence? If so, you might have certain requirements for its location, design and functionality than if it was a rental. Your real estate agent should know your intended use for the condo and be able to guide you through the condo buying process. Will you be retiring at your Florida condo? If so, be sure your condo is equipped with rails and other essential items, or can be easily fitted with those items.
Second, where do you want to purchase a condo? Is a beach condo in your dreams? How about a Daytona Beach condominium residence? Wherever you think about locating, check out the area, make sure it has the various features and activities you desire. If you’ll use your condo as a rental, be sure there are adequate nearby activities for vacationers.
Third, before you make an offer on a Florida condo property, check to make sure there are no “open permits” on the residence. Many Florida condos have permits that are still open; this means a contractor completed work, but never requested an inspection, which would effectively “close” the permit. Having to deal with this can be a nightmare for a new condo buyer and something you want to avoid if possible.
Finally, think about additional costs besides the cost of purchasing your Florida condo. If you’re purchasing a condo, there might be association dues you have to pay and certainly regulations to adhere to (which you might want to know about ahead of time). As well, you’ll likely want to add some hurricane coverage to your homeowner’s insurance, so getting a feel for the cost of your homeowner‘s insurance would also be useful.
If you shop diligently and have a knowledgeable Realtor, your Florida condo — or the ever popular Daytona Beach condominium can be your reality. Whether you choose a beach condominium or a penthouse condo, you’re sure to thank yourself again and again.