Top 5 Reasons to Buy a Florida Beachfront Condo by Mark Etinger
Are you thinking about a Florida beachfront condo? If you’re on the fence, you probably just haven’t thought of all of the perks of living in a luxury Florida residence. Read on for the Top 5 Reasons to Buy a Florida Beachfront Condo.
1. The weather is fantastic. After even a week in Florida, you’ll wonder why people put up with rainy, snowy, or just plain chilly weather. Choose one of the luxury beachfront condos Florida has to offer, and you’ll have warm weather all year round! That means you never have to stop playing golf, going swimming, taking walks, or any of your other favorite outdoor activities. Plus, you’ll never have to dig your car out of the snow again.
2. The views are sublime. Florida offers some of the country’s best views: breathtaking sunsets, soothing waves, and perfectly blue skies, to name a few. These same views have inspired countless painters and poets, and they might just inspire you! Move into one of the condos Pompano Beach Florida has in store, and you’ll enjoy a stellar view of the Atlantic Ocean or Intracoastal Waterway – the choice is yours. Some condos even offer both views at once. And with modern buildings including up to 17 stories, you’ll be able to take your view to a whole new level.
3. The apartments are flawless. Luxury condos Florida are called luxury for a reason. Your new condo will feature top-of-the-line kitchen appliances and cabinetry, as well as elegant marble baths and granite countertops – all of which come standard.
4. The amenities are out of the this world. Your Florida beachfront condo will have access to luxury amenities both indoors and out. Sharpen your short game with a virtual reality golf simulator, or host a tasting for friends in a beautiful wine room. Craving some ribs? You can grill your own right outside! And of course, your new condo will include access to a spacious pool and hot tub, ideal for swimming a few laps or simply building up that tan.
5. The area is booming. Choose a Florida beachfront condo in an emerging city – Pompano Beach comes to mind – and you’ll have plenty of activities right at your fingertips. Highlights include upscale shopping and dining, horse racing, slot machines, performances, and athletic events. If you’re not a Marlins fan already, you will be soon!
Still not convinced? Think about how it feels to take a nice relaxing vacation off from work. When you live in a luxury Florida condo, every day is a vacation! And, let’s face it, you need a vacation. In fact, you deserve one. Moving into a luxury condo is the perfect way to reward yourself for all of the effort you put into your family and career.
If you’re dissatisfied with your current lifestyle – or just plain bored – it’s probably time for an upgrade. Not a new phone or computer, but your entire living experience. Invest in a Florida beachfront condo today – you won’t regret it.
http://www.PlazaOceanside.com is your source for the most luxurious beachfront condos Florida has to offer. If you’re considering a Florida beachfront condo, visit http://www.PlazaOceanside.com today.
Article Source: EzineArticles.com
House for Rent In Clermont Florida
Tampa Bay Condo Market by Earl Juanico
Construction of condos is now a major episode in Florida?s Tampa Bay area. Condos that offer spectacular view of the Gulf are the most enticing developments. Seeing an influx of people en masse, camping out in Tampa Bay on the lookout for acquiring new condo units, one would realize that the mass appeal of Tampa Bay is really not about the Super Bowl. Most investors of the Tampa Bay condo market purchase units at pre-construction prices and then sell them at profits of as much as 25%, even before these condos are ever built. Many people say they would rather invest in condos than place their money in higher risk involvements, such as the stock market.
While a considerable number of investors have switched from stock to real estate as investments, because of projected higher returns as well as relatively greater investment security, other people buy condos as second homes with future plans to retire in beautiful, sunny Florida. Unsurprisingly, many small family-owned hotels are being snatched up by real estate developers to construct new condo communities.
Purchase popularity in the Tampa Bay condo market is seen by many as being fueled by low interest rates. The purchases, however, include buying with a mortgage, as well as with cash for condo units priced significantly higher $500,000. Prices, currently ranging from $300,000 to quite a bit more than $1 million, continue to escalate and will continue to do so as long as high demand flourishes.
In 2005, condo conversions dominated Tampa Bay condo market as 40 communities, equivalent to 14,231 apartment units, were purchased by real estate developers for conversion to condos. This figure reported for 2005 tops the corresponding figure for 2004 by as much as four-fold. However, in 2006 Tampa is witnessing a declining interest from conversion buyers after high conversion activity over the last three years.
The condo conversion craze significantly shrank the supply of apartments. The law of supply and demand triggers into action as seen in the current performance of the apartment market being experienced this year. Apartment deliveries, however, remain low, and this is because of a shortage of developable land as well as increasing construction costs. These two major factors are noteworthy in making it difficult for developers to enter the Tampa condo market. As the delivery of new rental units in Tampa continues to decline, strong rent growth at existing properties are expected to persist.
In the first quarter of 2006, Tampa’s average rent reached $819, increasing an average 5.5% over the corresponding period in 2005. Certain properties and submarkets reported boosts within the 10-20% percent increase range. Rents range from about $700 to over $1,000 per month, depending on the location. Prevailing averages are now between $805 and $834. Occupancy rates reached 98.1% in the first quarter 2006. This trailed the steady growth in occupancies since early 2003, and makes Tampa Bay one of the Florida?s most highly occupied rental markets.
The Tampa rental market showed minimal signs of new development over the past year. With developable land becoming scarce, developers moved north along the I-75 corridor into Pasco County which added approximately 1,460 rental units, showing one of the strongest increases in apartment supply throughout the state. Pasco’s growth, while significant, was still not enough to offset the more than 14,000 units purchased for conversion here in 2005.
Earl Juanico [http://www.tampa-realestate.biz]
Article Source: EzineArticles.com
Trump Hollywood Interview With Steven G.
Condo Questions You Haven’t Asked by Henry B. Nathan
Are you sure that you want to buy a florida condo rather than a house?
Let’s talk about the advantages.
- You can lock the apartment’s door and travel to Paris or Disney. If you own a house, it becomes a small project. Who’s going to take care of the lawn? And the pool? And what if there is a leak while you am away? Or somebody tries to break in?
-You just pay the condo fees and that takes care of the insurance, the landscape, the pool, and the repairs. No more of these pesky bills.
-You will possibly meet more people in the elevator or just sitting at the pool. You can make more acquaintances and social life can be better in a condo building.
-There might be a nice gym and it’s so convenient to just go downstairs instead of taking the car!
-A problem? Just call the condo management or the maintenance man.
-They have this nice clubhouse, where you can just relax or watch TV while you talk to one of your neighbors.
-Security is not a big concern if your condominium has implemented some kind of 24-hour surveillance.
On the other hand…
-These condominium fees are really high! The pool service at your old house cost about seventy dollars, and if you didn’t want to do your own lawn work, the landscape wouldn’t be more than a hundred dollars a month. Repairs? You mean fixing the fence every ten years? Or the pool pump? That doesn’t even come close to all these payments the condo association is bleeding you every month.
- Parking is a hassle. Going through the entrance gate, park the car, take the elevator! If it was a house, you just park anywhere and you’re home.
- You have 2 grown-up kids and 3 cars. There is only one parking place per apartment. Guess who has a big problem?
- You would like to make some minor changes in your condo and the homeowners’ association doesn’t want to hear about it. There might be an old lady who is so intrusive and mean in the board of directors…
- When you moved in, you didn’t know that this building was falling apart. You just got an “assessment” for “elevator repairs” which will increase your monthly payment by more than 50% the next 18 months!
Evidently, you forgot to ask some questions. Let’s see:
- You had the right to go through the condo association documents. But you didn’t do your homework. You could read some of the board’s meetings minutes. You would have found out that some major repairs had been postponed for a few years.
-You would have found out that the Association’s reserves hadn’t been kept at a reasonable level. Remember that, the older the building, the larger the reserve. You were so happy that the monthly maintenance fee was low. Did you suspect that they weren’t putting aside enough funds to cover the unavoidable roof repair, or the air conditioning’s old age?
Or perhaps they were not maintaining the elevators adequately? Condo owners hate to see an increase in their monthly fee. A good measure of a well managed building is that a reserve fund is maintained for every item, taking into account its remaining life expectancy. And there are well established rules about how a reserve fund must be managed. So, if you had asked to see their budget, it would have made sense.
- Maybe you should have talked to some of your future neighbors and heard about their complaints. For example, you might have found out that a few owners haven’t paid their dues for a long time. And guess from which pockets the deficit is going to be covered. You would be surprised how often it happens. Any lack in the condo association funds will be covered by the rest of the homeowners.
- It wouldn’t hurt to have your lawyer examine the condominium papers and bylaws, to check about any inconsistency. At the same time let him check if there is or have been a lawsuit against the association; maybe by the condo owners themselves.
- Did you check if they allow pets? How many? What size?
-What about their policy about renting your apartment? Many communities restrict the rental of their units. They could have screening policies for prospective tenants. They could altogether limit or prohibit renting. If renting is allowed now, things could change next year. A condo association can change its rules at any time.
- In general, does this owners’ association behave in a rational and organized way? Ask around and make sure that they have usually been sound and balanced in their decisions, taken well care of the premises, and not tried to make life more difficult than it already is. There are more than a few cases when dictatorial boards became the condo owners’ nightmare.
- Don’t forget to check the building insurance. See if it covers adequately whatever your own homeowner’s insurance doesn’t. Usually it should include coverage of what is outside your apartment’s walls. Check their hurricane coverage if it’s the case. Check their coverage for unexpected code non-compliances that force the building into costly expenses.
I don’t mean to scare you. I have only mentioned the worse-case scenarios. Condo living is usually very pleasant and there are lots of advantages in making this choice.
You just have to choose the right place.
My name is Henry B. Nathan and I am a Realtor specialized in Florida Condo
I am multilingual and part of my cliente is composed by foreign nationals.
Immobilier Floride is how Florida Real Estate is called in France.
Henry B. Nathan is a Real Estate Associate at International Realty Inc. Sunny Isles, Florida Email: hbnathan@bellsouth.net
Please visit my website: http://www.condo-southflorida.com
Article Source: EzineArticles.com
Aventura — Miami Condos — Florida Condos For Sale
South Florida Real Estate Trends – Apartment Market Stabilizes & Goes Back To Basics by Vanessa A. Doctor
In the South Florida housing market, 2007 was seen as a transition period back to rental income fundamentals. Early in 2007, a lot of the submarkets here were adversely affected by large numbers of vacant units in failed condominium conversions, which were being reintroduced into the market as rentals.
The poor performance of these condo conversions has led to a dampening of rental income growth, and temporarily had a negative effect on occupancy performance. By the year’s end, most of this inventory had been absorbed, and occupancy rates showed signs of improvement in most submarkets, as rents appeared to have stabilized. By the end of 2007, market-wide occupancy levels were estimated at 95%.
How Large Are The Apartment Rental Markets In South Florida
Based on figures provided by REIS, South Florida has an estimated 237,388 rental units in communities of 50 units or more, and in 2007 the average monthly rent per unit was $1,062. The latest available figures show an average occupancy for the region at 94.9%, which is slightly down from 95.5% in 2006. When compared to other major metropolitan markets, apartment occupancy levels in South Florida exceeds most markets and remains thriving despite a challenging and quite unpredictable economic environment.
New Construction Levels For Apartments
The South Florida region has, for the first time in several years, a measurable amount of new rental apartment properties that are either under construction or currently proposed for development. Aside from these projects, there are a number of additional, well-located apartment areas that are available for sale and have a reasonable likelihood of starting construction and further development in the next 24 months.
Condo Conversions Fail To Realize Profit Goals
Most housing market analysts say that although fractured condo conversions seemed to dominate most talk about multifamily housing during the previous year, only a few of these types of properties have traded in South Florida, and this is primarily credited to o the considerable gaps in the bid or asking price that exist for most of these assets.
While it’s a fact that many buyers need fractured condo properties to make economic sense on a rental basis, however the increased risk, inefficient operations and high expense ratios related to these types of conversions have driven the buyer’s price point well below most of what sellers could afford to accept, and most condo conversion sellers and lenders as well must be able to accept major capital losses and loan write-downs, way before the transaction volume of these condo conversion projects could become meaningful.
The rental apartment market in South Florida by the end of 2007 appeared to be stabilizing and showed some signs of improvement. Most rental apartment market observers expect this trend to continue through 2008, which many view will lead to a gradual return to normal levels from an investment and transaction activity perspective.
However, a uneven percentage of non-traditional housing transactions, which include fractured condos, distressed sales and sales of non-performing loans, can be expected. Project Lenders who displayed immense patience with non-performing loans last year are likely to do quite well in 2008, either by formally taking over properties or collaborating with their borrowers and accepting write-downs to dispose of their unsold or vacant assets.
http://miamirealestateinc.com – Miami Real Estate
Vanessa A. Doctor from Jump2Top – SEO Company
Article Source: EzineArticles.com
ICON CONDOMINIUM ,465 Brickell Ave, Miami, FL 33131
Live and Vacation in Sunny Isles Beach by Melissa S Sequeira
If you are looking to move to an up-and-coming area where you will find upscale condominiums and white sandy beaches, look no further than Sunny Isles Beach in Florida. This beautiful place is situated on a barrier island in northeast Miami-Dade County and is centrally located between downtown Miami and Ft. Lauderdale, where you will find everything you could ever want, including cultural activities, great nightlife, outdoor recreation, high-end shopping and Miami’s business centers.
Not only is Sunny Isles Beach one of the centers of business in Florida, it is also a place where people want to come and live. The area is set up so that residents always have a beautiful view of the beach, and the City is creating parks and working on developing the area further to make Sunny Isles Beach the place to live and work in Florida.
If you are not looking to relocate, but you are looking for a great place to vacation, Sunny Isles Beach is one of the most popular vacation destinations in Florida, boasting parks and beaches the whole family can enjoy, and plenty of great vacation rentals, from hotels to apartments to condos and a whole lot more. When you are looking for a vacation spot to bring your children to, Sunny Isles Beach has loads of things for them to do, including playing at Samson Oceanfront Park.
Whether you want to relocate, or go on a vacation where you will have the time of your life, Sunny Isles Beach has everything you are looking for, including some of the best rental properties in the Miami area.
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Article Source: EzineArticles.com
