The Basics of Ft Lauderdale Condo Ownership

Posted by Eric Miller on Thursday, June 28th, 2018 at 2:53pm.

Thinking about Buying at Ft. Lauderdale Condo ?

Thinking about looking for real estate for sale in the Fort Lauderdale market ? Have your heart set on a Fort Lauderdale Condo for Sale ? Now is the time to ask questions and work with a professional  Fort Lauderdale Realtor who knows and understand the real estate market and more importantly the Fort Lauderdale Condo market. Working with a Fort Lauderdale Condo Expert can help with some great insight into exactly what you are buying when you look at Condos for Sale in Fort Lauderdale. When buying a Fort Lauderdale Condominium, it is important to understand that a condominium is form of ownership and not a form of construction. 

Fort Lauderdale Condo Ownership Defined

 Fort Lauderdale realtor, Eric Miller with years of experience on condominium boards, and Fort Lauderdale Condo sales, defines a condominium as a housing unit where the homeowner owns their individual space, and all the dwellings share ownership of common use areas, often referred to as common elements. Some of these common elements such as a parking space or storage area may be assigned offering the owner a permanent right to use.

A Fort Lauderdale Condo for Sale can be a high rise Fort Lauderdale Condo, a garden apartment, or even a free standing home that is part of a condominium. Most people make the decision to seek a condominium with the goal of having less maintenance on the property they buy. There are numerous advantages of condo ownership. One rarely talked about benefit is simply that condominium ownership has stood the test of time and remains popular making a well-run condominium a good investment. There is strength in numbers and knowing that all owners want to protect their investment can serve all owners well. Insurance on a condominium and utilities are generally less expensive as they are partially covered by your monthly maintenance as a community. Some of these items can also be viewed as a negative. A board and often a management company will run the condominium. As an owner it does not give you right to vote on every little issue.  If controlling all the repairs and decisions involved in home ownership is something you like to do that owing a condominium may not be right for you. Many owners in the Fort Lauderdale Real Estate market, including both full-time and part-time  Fort Lauderdale Condo owners, find that life as an owner of a Fort Lauderdale Condominium gives you more time to enjoy all that Fort Lauderdale has to offer.

Ready to start your search, Call Eric Miller and Associates today and lets start looking at different communities that may perfectly match your needs.. 

 

 

Eric Miller is an award winning Florida Realtor, salesperson and broker. His website, FortLauderdaleGroup.com provides an up-to-date guide to Fort Lauderdale Condos for sale, and the most complete buyer, seller and investor information for the Fort Lauderdale Real Estate Market.

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