Tampa Bay Condominiums
Condominiums in the Tampa and Clearwater area have become a
popular choice for those seeking to buy second homes, real
estate investments, or for those desiring a break from outside
maintenance and upkeep. This is due to the multitude of benefits
associated with condominium living. Combine those benefits with
the beauty, abundant sunshine, pristine beaches and coastline of
the Tampa Bay area, and attractions like: Busch Gardens, Disney
World, Universal Studios, and Sea World and you have a winning
combination that pays for itself again and again.
How so you might ask? Why should you consider a condominium over
a single-family dwelling for example? When you buy a single
home, you will need to purchase homeowner's insurance to secure
financing from most lenders and also to protect yourself from
loss due to fire, theft, etc. When you purchase a condominium,
the insurance is included as a part of the monthly maintenance
fee; most lenders therefore, don't require you to purchase
separate homeowners insurance policy.
If you buy a single-family dwelling you will have to maintain
your home and your lawn yourself, whereas, condo owners can
spend their time doing other things while someone else mows the
lawn and cleans out those gutters! Upkeep and maintenance are
included in the Condominium's maintenance agreement, and these
owners are more than happy to pay a monthly fee in order to not
have to worry about getting these things done themselves.
For the most part, condominium maintenance fees are reasonable
when you add up the costs involved and how much it would cost
for you to hire someone to do these things for you. On the
Florida beaches you will find higher condominium maintenance
fees and this is because there is simply much more maintenance
that comes with owning a home near the ocean. On the other hand,
owning a condominium slightly inland can save you a lot of money
on the purchase as well as the monthly maintenance fees.
The safety of your family and the security of your real estate
property are of course, very important to you. While the owners
of single-family homes may choose to equip their homes with
expensive alarm systems, most condo owners have the benefit of
gated security, which provides 24 hour protection, even when
you're away. Such security also makes it harder for the
"unlawful" to spot an unoccupied dwelling. Single homes, whose
owners are away, are easier to detect due to such things as:
uncut grass, no lights on in the home, and no activity around
the home. At a condominium complex, there is always some kind of
activity, which helps to conceal that you're away from your
property.
Condominiums provide some pretty terrific amenities right there
on the property. Some of those amenities are: fitness rooms,
pools, spas, restaurants, hair salons, tennis and golf to its
residents. It would be impossible for a single home owner to
duplicate some of these amenities and cost-prohibitive to
acquire some of these amenities. Keep in mind that the more
amenities there are in a condominium, the higher the maintenance
fee can be. It costs money to keep up the amenities for the
residents to enjoy. Amenities are what makes condo living so
popular though. In the long run, the more amenities the condo
has, the more saleable and desirable the condominium will be on
a resale.
Real estate investors will find that some condominiums,
depending on the condo restrictions, are easily rented out short
or long term. If you and your family use your condominium only
part of the year, consider leasing it out for additional income
for yourself. Have your real estate agent check the restrictions
for you before making an offer for purchase. Not all condos are
alike on this policy.
Now that you know about the many benefits to owning a
condominium, add the undeniable value that owning a condominium
in the Tampa Bay area of Florida's West Coast holds for you. Now
you will have a place to escape to when the temperatures up
north get down right cold! You won't ever have to worry about no
vacancies at hotels, and resorts either. The beach and ocean
with bountiful amounts of sun are at your doorstep. Your Tampa
or Clearwater area Florida Condo offers you the opportunity to
get away from areas that are overcrowded with tourists, and yet
you're only a short drive from Florida's most popular
attractions. If you're looking for a way to make some additional
income, consider renting out your condo unit when you head back
north in the summer.
Contact your Tampa Bay area realtor today to get started on
finding the condominium property that meets your needs. They can
assist you whether you're looking to buy a first or second home,
a retirement home, or investment property.