The appeal of Beaches are universal but there are many different ways that a buyer or investor can enjoy the beach. This blog is going to point out the pros and cons of the beach condo: PROS
This is for the weekend user or investor who wants to use the beach condo perhaps on vacation for a small part of the year and rent it out or keep it for family.
Generally the Homeowner association maintains the condo and the grounds and there is little for the owner to do. The picture is of a 2 bedroom condo for I have for sale at Carolina Beach in southeastern NC.
Dues cover insurance, pest inspection, yard and outside maintenance, sewer and water, garbage, common area taxes, pool, mgm't fee and basic cable. This is turnkey- owner can leave and not worry about any work left to be done on the condo.
To rent your condo you need to either rent it yourself or arrange for a management company to take it over during that period. This will cost you a % of the rent. You may be restricted as to when you can rent the condo and have to abide by the rules of the condo association.
You do take a chance when you rent it that your furnishings or the condo itself could be damaged...
Condo can be affected by area properties and what is happening with them. The above pictured condo is in the central business district and is subject to zoning in that area. It is a prime location but the business zoning may restrict the association from making changes to the property.
You are at the mercy of the HOA board which can act on its own and impose additional assessments and increase the dues for projects they deem necessary.
This is one of the typical property types available for purchase on the beach...