Many baby boomers who are in their retirement years are looking to buy Myrtle Beach condos for sale either as a form of investment or their own retirement pad. Many experts will agree this transition is beneficial to the elderly as the condo could be their source of income – should they choose to rent it out – or a practical and convenient dwelling where they can spend their retirement years.
However, before jumping into the wagon and spending money on the first condo unit offered to them, it is important that baby boomers spend time considering certain factors and learning everything they can about living in a condo unit. Keep in mind that this is not a cheap investment and, thus, safety and precautions should be observed when in the purchase process.
Here are some of the top things baby boomers should know about Myrtle Beach condos for sale.
1. There are homeowners’ association rules that should be strictly followed. Condo buildings are operated and managed by a governing board or a homeowners’ association. They implement sets of rules to ensure organization and peace throughout the condo. Some of these rules may seem limiting or restricting to the baby boomers. Thus, it is important to review the rules that each condo building has. Remember that these rules may vary depending on the governing board and homeowners’ association.
2. Hardwood floors should be covered. Living in a condo means living above and below another family or individual. To maintain peace among condo unit owners and residents, some condo associations require each owner or resident to cover at least 80% of their hardwood flooring to minimize the noise.
3. Parking space might only be used for parking. Many Myrtle Beach condos for sale come with their own parking space. Although every condo owner has all the rights in their own personal parking space, they cannot use it for other purposes. If they don’t have a car, the space will still be reserved for them but it cannot be used for storage or other purposes.
4. There are certain hours when noise is restricted. For baby boomers, this is excellent news as they will have their peace and quiet some hours in the morning and in the evening when they are preparing for bed. With regard to this rule, it is also important to consider the condo building’s construction, whether or not the walls are made of concrete or wood. Keep in mind that concrete blocks noise better than wood.
5. There may be restrictions about bringing in and living with pets. Many condo building associations do not allow bringing pets inside the building and condo unit. This is primarily for the safety of other residents in the building. There are associations that allow pets inside although they may have restrictions regarding size, weight, and number of pets for each condo unit owner.
For more information on Myrtle Beach condos for sale, contact Jerry Pinkas Real Estate Experts now.
Jerry Pinkas Real Estate Experts
604 N. 27th Ave
Myrtle Beach, SC 29577
Your partners in choosing the best and most suitable Myrtle Beach condos for sale.