There’s a reason why Florida is one of the fastest growing states in the country — it’s a beautiful state to live in. In fact, Florida grows by about 1,000 people daily, and the state’s population has increased by 209% since 1970. Though luxury condos are a popular living option here, some people still seem deterred from the idea based on some common yet false misconceptions. Let’s clear up some of the most common myths about living in a luxury condominium community:
Condo owners are not allowed to make alterations to their interior living spaces.
This is by no means a hard and fast rule of condominium living. When searching for condos for sale, you’ll have to realize that each community has its own set of rules. Some are very flexible with owners who want to make adjustments to make their condo feel a bit more personalized for their tastes and style. Typically, however, you can’t make any major adjustments that affect other condo owners nearby. Just read your condo contract to understand the level of flexibility you’ll have if you want to make adjustments.
Condo living is something only younger people like.
Again, this is a major misconception. People of all ages love living in a condominium community — whether you’re 25 or 75, you’ll definitely be able to reap the benefits. In fact, 34% of recent buyers who purchased new homes were looking to avoid renovations and problems with plumbing or electricity, and the maintenance-free lifestyle of luxury condo living is ideal for anybody looking to have a hassle free home.
COA fees make condos a bad financial investment.
Finally, this is another major myth, and in many cases, the opposite is in fact true. Yes, condominium communities typically require monthly or yearly HOA fees, but the maintenance tasks they cover and the services they provide almost always outweigh the hassles of having to do the maintenance yourself. Not only that, but many people would end up spending even more money if they had to do these tasks themselves or hire their own professional.
Now that you’re aware of these myths about luxury condos, you can make the choice to invest in a living situation that fits your needs. For more information about living in a gated condominium community, contact Palma Sola Bay Club.