Engel & Voelkers Jupiter RE
Arthur Martens Team, Engel & Voelkers Jupiter REPhone: (561) 221-6661
Email: [email protected]

Some Things To Know Before Buying A Condo In Florida

by Arthur Martens Team 08/25/2019

For many, buying a condo is the ultimate dream, and with benefits like no yard to mow, security and affordability, it is easy to see why condo ownership is in high-demand. However, when searching for a condo, it is essential you know that condos are a bit different from town homes or single-family homes. Below are some guidelines you should always remember when you intend to purchase a condo in Florida. 

Know the rules 

In Florida, every condo association has its own unique set of rules and regulations. Some bylaws are standard such as designated parking space, while others tend to be more peculiar to the particular condo. Before you decide to pay for a condo, ensure your realtor gives you a copy of the condo association rules for you to read through to make sure you are comfortable with them. If you own a pet, ensure you get the pet policy in writing and that your pet does not breach any size restrictions.

Hire a professional Realtor 

Hiring a Realtor who has in-depth knowledge and vast experience about condos is vital. Condos are not apartments and aren’t single family homes either. Condos are unique, and they offer you the benefits of both, but before you dream about getting your condo in Florida, you need to hire a professional Realtor to guide you through the process. 

Consider the privacy offered and shared amenities

When you buy a condo, have it in mind you will be sharing the outdoor spaces and some facilities. Some condos have laundry machines in each suite while others use a laundry room. Check out several condos to get the one that suits your privacy level.

Condo Fees 

Generally, Condos are located in a shared building, and to appropriately maintain the structure and outdoor space every owner needs to contribute a fee. Although paying an extra fee every month alongside your mortgage might make you frown, the building will be appropriately maintained thus favoring you as a condo owner. Before deciding on the right condo for you, calculate how much it would cost you monthly to live there considering your mortgage and the condo fees. If the condo fees are too high, you might want to find another property closer to your budget.

Working with a real estate agent in Florida will ensure that you have the best options to choose from when trying to buy a condo. They will guide you on what condos fit all your needs and requirements.

About the Author
Author

Arthur Martens Team

Hi, I'm Arthur Martens and my team and I would love to assist you. Whether you're in the research phase at the beginning of your real estate search or you know exactly what you're looking for, you'll benefit from having a real estate professional by your side. I'd be honored to put my teams my real estate experience to work for you.

Our diversely experienced team specializes in serving the real estate needs of Palm Beach Counties' leaders & their families with unparalleled integrity. Known to provide a remarkable white-glove experience for locals and relocating residents alike. Connect with us to experience it for yourself or those you care about. 

"Dreams? Delivered!" That's not just a slogan for my team and I but the core of how the team does business and why leaders in Palm Beach County trust his team. Arthur & his team believe in serving others as they want to be served and won't take on a client or conduct a transaction unless there can be a win-win. This mode of operation arises out of many successes and "learning experiences" and has inspired a drive for providing excellence with a highly personal touch. 

Prior to moving his company over to the leading International brand, Engel & Volkers, Arthur was noted in the top 20 regionally of his previous firm and has since been quoted in / had his listing(s) featured in media outlets such as Architectural Digest, LA Times, Mansions Global, among others. 

Arthur has been a licensed real estate broker since 2003 and offered multi-state REALTOR services in the Midwest focused on luxury and vacation properties in Chicago & along Lake Michigan. During that time he was also the managing partner of a small real estate investment company serving investors nationally. Most importantly, Arthur is professional in his systems and how he leads his team…so every client can always expect a first class experience.