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Condo or Townhome?
February 25th, 2014 8:41 AM

Prices have dropped considerably for condo units or townhomes since the boom of 2005.  Currently, a beautiful fully furnished property can be purchased from $80,000 to $200,000 depending on the location and size.  Most communities boast resort like amenities, such as a clubhouse with exercise facilities, tiki bar, large heated community pool; some have an onsite restaurant, or a lazy river, and some are located on a lake with boating activities.  Depending on what you are looking for, almost anything can be found at a great price!

The difference between a condo and townhome is basically that a condo is located on all one floor in a building that has three or more stories, usually with an elevator. Most condos have an outdoor lanai attached.   A townhome is a two-story unit, where the owner has both a private downstairs and upstairs, with other units being attached to the same building.   Usually there are 6 to 10 townhomes in one building.  Since there are two levels, there can be both a downstairs patio and upstairs balcony. 

Some think that condo fees or HOA fees for these properties are a bit high, usually from $300 to $500 per month.  But keep in mind, there is literally no upkeep for the owner (except the interior), all of the community amenities are included, and some even include utilities.  Many of these communities are also gated, with security guards, adding to the peace of mind for an absentee owner. 

If you are looking for a maintenance free vacation home or second home, a condo or townhome may be the way to go.  Prices are still low and there are some great bargains to be had.  

Check out my brand new listing in Regal Palms at Highlands Reserve (254 Capri Drive). . . . a gorgeous two story townhome, fully furnished with an exceptional view!   Priced at only $129,900 this property is a real gem and won't last long!




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Posted by Barbara Doeringer on February 25th, 2014 8:41 AMPost a Comment

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