Buying A Vacation Home In Destin Florida, Condo verses Single Family
After visiting Destin Florida for many years (maybe decades) are you starting to consider owning along the Emerald Coast? If so, let's compare a condo verses single family homes.
Condos in a Nutshell
Pros
- Can make great short term rentals (if allowed by the building)
- lower maintenance than a single family residence
- Common areas and grounds normally have onsite security
- Smaller interior space means less start up costs.
- typical has more amenities than single family homes
Challenges
- Can be busy during peak season (but a plus if you plan on using as an investment).
- HOA's in condo buildings are typically more involved than in single family neighborhoods
- Insurance and assessments can mount up
Single Family Homes At A Glance
Pros
- Single family homes are more private than condos
- Typically individual homes are larger than similarly priced condos.
- More freedom to modify or make improvements than in a condo building.
- Single family homes usually have private green space.
- Just look at that porch!
Cons
- More maintenance on the home and lawn service for the green space
- Typically has fewer amenities than a similar priced condo
- Will need to have a list of vendors (plumber, electricians, HVAC, etc) or have a firm property manage.
- Can be more of a chore to prep for hurricane season than a condo.
Questions To Consider When Hiring A Real Estate Agent
Searching for A Destin Florida area real estate agent to guide your hunt? Call Doug Rogers (318) 613-1994 with RE/MAX Coastal Properties TODAY! Want to explore area condos and single family properties right now? Go to Destin Homes For Sale to review local inventory.
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