CHOICE on Hilton Head Island - Condo or Home?

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Real Estate Agent with The Alliance Group Realty 82984

CHOICE on Hilton Head Island - Condo or Home?

 

There isn't a day that goes by that someone asks me whether or not to buy a condo or a home. The initial search is within a certain price range and so what comes up on a search for property on Hilton Head Island in the $100,000 price range, is inevitably that of a condo.

The first thing I explain is terminology - around here, we don't use the exact legal terms applicable to something - or anything - that is attached or whether or not you own the ground, or whether there is a cooperative (which we don't have here at all). In general, we call all attached product 'villas'. I'm guessing that is a genteel term that came about years and years ago but that's what we use.

So what's a 'villa'? and what does it generally mean? It means that there will be a management company - we call them 'regimes' around here, more terminology - that take care of all exterior maintenance, common area amenities (pools, tennis courts, sidewalks, roads), the landscaping, usually pest control, managing trash pickup, sometimes roofs, sometimes windows, lagoons, fences as necessary - all that for a monthly fee that can range from the low hundreds of dollars to the high hundreds of dollars. Your regime fee may depend on the location of the complex, the proximity to the ocean, the age of the structure, the number of units, whether or not they have a reserve, etc. etc.

The other general assumption is that you do not own the land - in most cases the association itself owns the land - unless in the case of The Gatherings in which circumstance that's a land lease.............The control is always vested in the board of directors for the condo/villa community and it is administered by the regime management company who receive a management fee for the service.

If the villa complex is located within a gated community, you will also be paying the homeowner association dues and will abide by those covenants as well as those covenants under which the villa community operates.

If you own a home, obviously you control when, whether, or how your property is managed and you determine expenses, insurance - you are responsible for your roof, your windows, your lawn, and general maintenance of your property.

The primary difference between both of these properties is CONTROL - because we have a high percentage of condos/villas that are used for rentals, there are rules regarding parking, pets, etc. If you have a home, it is basically your castle - within the guidelines of the community covenants - and you can exist the way you want.

The following is a graphic explaining in general, what I mean.

 

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South Carolina Beaufort County Hilton Head Island
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ActiveRain Challenges
Tags:
choosing condo or home
hilton head choice of property
why buy a condo on hilton head island
why buy a home on hilton head island

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Rainmaker
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Erika Rae Albert, Austin Real Estate Expert
E*Rae Realty - Austin, TX
Exceeding Expectations in Every Transaction

Very interesting! I've never heard of a condo being known as a villa.  Also, condo insurance policies are usually less in Austin than home policies.  

Jan 24, 2018 03:23 PM #1
Rainmaker
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Curtis Van Carter
Better Homes & Gardens Wine Country Group - Yountville, CA
Your Napa Valley Broker Extraordinaire

Susan

I too have never heard the term "villa". Then we often use PUD or CID here. cheers cvc

ps planned unit development and common interest subdivision.

Jan 26, 2018 10:15 AM #2
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MichelleCherie Carr Crowe Just Call...408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Love that graphic you used, I wish it was a NAR one so I could use it too.

Mar 26, 2018 09:39 PM #3
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Rainmaker
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Susan Jacobsen

20 Years Providing WOW Real Estate Service
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