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What to Know When Buying a Condo


June 21, 2016

For today’s article, let’s take a refresher course on some basic information to remember when buying a condominium. After you’ve determined a location, you’ll want to proceed with figuring out whether you wish to buy or rent. Should you choose the former option, you’ll then need to determine what kind of condominium you’d like.

More and more Americans are opting for condos. These types of purchases account for over ten percent of total home sales during the past three years. When evaluating a condo you should take into account its physical and financial health and then take another look at the location. You can always change the interior of your condo to some degree, but other factors will remain out of your control.

Condominiums are a great option for those who don’t need all of the space of a single family home and would rather not deal with maintenance requirements. However, buyers should be aware that with a condo, they will be governed by the association rules which will dictate some of the things a homeowner can or cannot do. This could mean anything from no pets to not being able to have a welcome mat outside of the unit. Buyers that want to heavily customize their home and make it their own should keep this in mind.

This update is presented by Miami Beach Realtor Tim Allen of Blackstone International Realty, specializing in Icon South Beach.  If you are interested in Miami Beach condos such as the Continuum condos for sale, call Continuum expert Tim at 305-588-2451 for information on sales and rentals.