More and more people are considering buying a Myrtle Beach condo because of all the advantages that comes with a condominium lifestyle such as requiring minimal maintenance and access to a wide range of amenities. Condos are indeed the perfect investment for people who have a busy lifestyle and are always on the go.
If you are considering investing in a Myrtle Beach condo, below are some expert tips.
1. When buying condos, take a closer look on the building’s homeowners’ association dues and see whether or not it is appropriately allocated to necessary fees. Each condominium building has different rates and includes different fees such as water and other building utility service, insurance policy, and maintenance repairs like roof replacement, exterior maintenance of the specific unit, and others. Some condo building owners also include cable and electricity fees.
2. Ask the Myrtle Beach condo building owner that you are interested in if they maintain adequate cash reserves. When a condo building maintains cash reserves, they usually no longer require special assessment fees in the future. But there are also some building owners that require payment for special assessment dues by the end of the year aside from maintaining cash reserves.
3. If you own a car, find out what type of parking lot the condo building provides for its tenants. Make sure the parking lot has 24-hour security or is gated and guarded. Access to a highly secured parking lot may, however, require additional rates on top of your homeowners’ association dues or monthly fees.
4. Carefully analyze all the amenities that come with owning a unit to a specific condo building. Some of these amenities and facilities may include business centers, fitness centers, spas, tennis courts, bike rentals, game rooms, and others. It is important for condo building owners to ensure their tenants will be able to continue living their lifestyle. Should you feel that a condo unit doesn’t satisfy your needs, there are lots of other condo buildings in Myrtle Beach that you could consider.
5. Make time for a professional home inspection on the condo unit you are considering buying. This is necessary so that you’ll be able to point out necessary repairs on the unit and assess whether or not it is a great buy. If you find anything that needs repairing or replacing, notify the seller at once. Otherwise, use these to negotiate a lower purchase amount for the unit.
For more Myrtle Beach condo buyer tips, contact Jerry Pinkas Real Estate Experts now.
The Jerry Pinkas Real Estate Experts
604 N. 27th Ave
Myrtle Beach, SC 29577
Your Myrtle Beach condo professionals!