Buying a Myrtle Beach condo is much like buying any other real estate property. It is a huge financial investment that you should carefully think through prior to actually acting on it. On the other hand, buying a condo is not only a huge financial commitment but also a lifestyle commitment.
5 Factors To Consider When Purchasing a Myrtle Beach Condo
The condo’s location
One of the primary reasons why people choose living in a Myrtle Beach condo rather than an actual home is its convenience. Condos are found almost everywhere. You only have to choose a specific location where you want to live and start looking for the most suitable condos there.
When choosing a location, you will have to consider where you work, the nearest accessible transportation, and the places you frequent the most. These considerations are necessary to provide you with utmost convenience and comfort. It might not be the best financial and lifestyle commitment to take if the condo you decided to buy is situated far from all the things you care about and you most often do.
Neighbors living in the same condo building
There are condos developed especially for the elderly as well as for other age ranges. It is important to ensure that the condo you decide to buy inhabits people who are in the same age as you. This will help you to get along with everyone in your building and would most likely help prevent issues and conflicts between residents.
Plus, a Myrtle Beach condo made for the elderly has different facilities and features than the average condo. These features are specifically designed based on the lifestyle of an elderly. And you may not be comfortable living in that kind of condo building.
All condominiums require monthly association fees. These are monthly dues paid by the owners of all condo units in the building. Money from these monthly payments are used to pay for the building’s insurance, maintenance, repairs, and access to added amenities like pools, fitness rooms, and recreation centers.
You need to consider the association fees because this could vary from each condo building. Some may require average fees while others may estimate on the up side. Association fees may range from a few hundred dollars to a thousand or more dollars. Ask for a breakdown on where the association fee will be allocated and analyze each breakdown. This is only to ensure you are not paying more for something that you will not directly benefit from
Every condo building has a different security measure. Compare each one and choose only those that employ strict security measures such as installation of security cameras, high-tech security system, and 24-hour doorman. This is important not only for your own safety but also to ensure your assets and belongings are safe whenever you are travelling.
Condo building rules
Every condo association employ house rules and regulations, which should be followed by all residents and unit owners. These rules are not likely to be the same for every condo building. So take your time in studying and comparing them. Be sure you can easily abide by the rules of the condo unit you are planning to buy.
At JP Real Estate Experts we know condos – here is a testimony from a satisfied Myrtle Beach Condo customer:
I just wanted to let you know that our first condo purchase was completed and Barb and your team helped make the whole process as smooth as can be. Being from outside the Myrtle Beach area we thought the process would be a lot more complicated. Barb helped us throughout the whole process and promptly answered any questions we had. She also helped us find the necessary professionals such as Lawyers, Insurance agent, and Rental office in such a way that the service they provided met the expected quality we had received so far from your team. We were very impressed with Barb’s knowledge as well as you team’s knowledge of the area as well as the “unknown factors” that can make or break a deal. The easy going no pressure presentations were impressive and although I had done quite a bit of research prior to coming down for my visit, you were able to find options which were far and above superior to what I found.
Due to our location and distance from Myrtle Beach our relationship with your team had to be one of complete trust; and although a little cautious at the beginning the integrity of your team is beyond reproach. In looking for properties both you and Barb were not afraid to say no to certain buildings and you followed that up with well backed facts. Even though you would say no you were always ready to take us to the building just in case we were really interested. We provided you with our needs and you supplied us with all the necessary information quickly whether it was through email or in person. As a buyer’s agent Barb really represented our best interests, she helped negotiate the best possible deal for us and we were very happy with the result. We would not have any hesitation in recommending your team to our friends and I am sure that they would receive the same type of service we got.
We actually enjoyed the process the first time and with the money we saved we decided we would want to purchase another Myrtle Beach condo.
Thanks again, Rino Amoruso
Jerry Pinkas Real Estate Experts
604 N. 27th Ave Myrtle Beach, SC 29577
Your Myrtle Beach Condo Experts