Before you sign that contract, there are some aspects of Myrtle Beach condos for sale that you need to consider. More specifically, you’ll want to check the maintenance process, the insurance coverage, and noise issues. Read below to learn more about each aspect.
How are Myrtle Beach condos for sale maintained?
Maintenance is one of the major issues in a condo investment venture. Generally, as indicated in the Covenants, Conditions & Restrictions (CC&R’s) of each condo building association, the association is responsible for the maintenance and repair of all the common areas in the building. This is actually where part of your monthly homeowners’ association fees is allocated. On the other hand, the maintenance of everything that is inside each owned condo unit is the responsibility of the owner.
While this is indeed a nice and organized set up, it can sometimes cause problems especially if the condo unit owner and the condo association claim different sides on a maintenance issue; more specifically, if you noticed a termite problem in the attic and raised the issue to the condo association, but their pest control contractor says otherwise. To resolve this, you and the condo association will have to agree on hiring another pest control contractor to confirm the termite problem.
What is covered by the master insurance policy of the Myrtle Beach condos for sale?
Another important issue you will want to address before closing the deal is the insurance coverage. Generally, the entire building should be covered in the insurance coverage. On the other hand, you want to know the boundaries and limitations of the insurance coverage policy so you know what else to get for your condo unit.
This is most particularly important when it comes to earthquake and hurricane insurance coverage. Not all condo buildings have this type of insurance. If you are in an area that is prone to these weather occurrences, you might want to buy from a condo building that has these insurance policies.
What about noise issues?
Bear in mind that you will have next door neighbors in a condo building. Try to visit, in different times of the day and even during the night, the condo building where you will be buying to check whether or not you’ll be having problems with noise from your neighbors.
You might want to check if the units above have hardwood floor or not. If they do, have someone walk on the top unit while you assess in your unit the noise that will be made. Also, if the unit is located near the swimming pool or any of the frequented common areas, you might want to check how much noise you’ll hear when inside the condo unit.
It’s important that you choose the most suitable Myrtle Beach condos for sale for your needs. Hire professional help you ensure you are making the right choice. Call Jerry Pinkas Real Estate Experts now to inquire about their services.
Jerry Pinkas Real Estate Experts
604 N. 27th Ave
Myrtle Beach, SC 29577
Helping you find the best Myrtle Beach condos for sale for your needs.