Buying Jupiter Condos- Questions to Ask

Filed in Jupiter Real Estate by on November 22, 2017

                                        Buying Jupiter Condos

Buying Jupiter Condos

20 Questions when buying a condo

 

Buying Jupiter condos can be made simple with the help of a condo specialist.  Our beachfront condo team deals exclusively with beach properties from Boca Raton to Hutchinson Island. Each team member works that specific area so they know the real estate market. I hope you read the 20 questions to ask when purchasing a Florida condo no matter where it might be but I hope you buy here in the Jupiter area.  Our Jupiter agents cover Singer Island condos to our South and Hutchinson Island condos to our North. In between we have Juno Beach, Jupiter and Jupiter Island condos.  We do both oceanfront condos and beachfront communities behind the oceanfront condos. We are coastal living aficionados first but we also cover popular Jupiter areas such as Abacoa and other Jupiter communities.

 

Recently I visited a Jupiter beach community of Jupiter I which one of the more popular Jupiter dog friendly condos  because it allows large dogs such as Labs which love the Jupiter dog beach. The property manager posted a sheet showing where the costs of the monthly condo fees go as compared to if you owned a single family home. Their monthly fees showed this:

HOA fee- $326.55/month

Insurance Exterior/Flood- 132.00/month

Comcast cable – $43.00/month

Sewer – $26.00 /month

Total expenses for month- $201.00

For just the balance after you pay what you would no matter where you lived of $126/month gives you management fees, landscaping, tennis courts, community pool etc. Sounds like quite a bargain to have all the amenities and costs to run your home for $126.00 per month. It was a great way to show the breakdown of what you get for your condo fees.

Buying Jupiter Condos- Questions

There are some great points to think about when purchasing a condo. The two biggest questions I ask are special assessments and are you fully funding your reserves? Many condos do not fully fund their reserves which you vote on each year. In the case you don’t you could easily be liable for a hefty special assessment. Remember even with insurance wind policies may have anywhere from a 2% to 10% deductible.

Call the condo specialists as we know what questions to ask.

Jupiter Beach Condos

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