CONDOMINIUMS

Why would anyone want to own a condominium? You may consider it your primary residence, second home, income property, investment property, etc. Depending on your objective, you need to clearly understand what the benefits and tax laws are related to your decision. To clearly understand your rights and capacity of enjoyment with condo ownership it would be a great idea to consult with your CPA, or financial planner to verify that your expectations and objectives are in concert with the benefits and duties to condo ownership. 

Condominiums are all similar in concept in that it is a form of ownership. That is you own something exclusively along with an undivided share of the common elements with other unit owners. This is the common denominator of all condo ownerships. While there are a few other commonalities, condo developments vary dramatically throughout the gulf coast as well as other Floridian locations.  

Now with just enough caution to move you into the educated consumer level, lets’ talk briefly about condominium properties common, and unique. Most properties along the Gulf Coast provide basic amenities, pool, exercise, views, and some hint of a theme, or life style. The MLS is full of all of the above. Now that we have entered the 21st century the demographics are changing rapidly and people looking for investments, retirement homes, or just recreation are more careful and demanding than in the past. The most popular developments offer a life style and if you will, and all inclusive environment for their convenience and pleasure. My favorites are either the marina developments, or the golf and country club properties. Again, all inclusive should mean convenience to shopping, schools and churches, medical facilities, and al types of entertainment.  

Within this web page you will learn that we own condo properties on Pensacola Beach , Destin and also in Biloxi . Why we choose to own a condominium and a single family home in the same area is a great testimonial to my enthusiasm for living in this wonderful location in Florida . As we get to know each other I am certain I can help you see the attraction. While our absolute objective may vary slightly, the understanding and education of the facts will help you make a better decision for the long term.  

Here are some questions and considerations you will want to review when considering a condo purchase. 

• First, pick the condo complex that fits your needs and long term expectations. Once this is decided, look for the unit that serves your needs.
• Look at the Condo Docs.
• Understand if your development is a single phase, or multiple, and at what stage are you now.