BY: Denise & Melissa Stewart

Search for cheap Condos

When most people think of a condo in South Florida, they immediately think of Miami Beach, Fort Lauderdale or even Sunny Isles. With the average cost of condos in these ares exceeding $1 Million, it is no wander that much attention is given to higher end condos in Sooth Florida. However, there are significant economic opportunities in condos that cost much less. There are over 20,000 condos in the South Florida area that cost less than $50,000.

You can view thes condos : CLICK HERE

You may be wandering: Where are these condos located? Well these condos are spread throughout  Dade, Broward and Palm Beach Counties. They are in cities like Hollywood, Miami, Pompano Beach, Coral Gables, and yes even in Boca Raton. Please scroll through the list, and see these condos for yourself...

You may be wandering: What are the carrying costs for these les expensive condos? The carrying costs for a typical condo will include the real estate taxes, Condo Association assessments, electricity, your contents insuranc coverage, cable, and any mortage that you may have.

You may be wandering: What Restrictions are there, and can I rent thie condos as investments? Each condo is going to be a little different, and you need to check with the condo association to get these answers. While you are at it, ask them their policy for owning more than 1 unit in case you decide to buy multiple units.

You may be wandering: How is the Association financially with a specific condo?  This again is something that you should ask the Association prior to buying. You can ask for their financial statements, budgets, and even minutes from past meetings. 

Investor Condos for sale

You may be wandering: Are there any opportunities for investors? Just look through the list, and get your calculator, and go through the numbers. Make sure that you ask the association you are dealing with what are the rental restrictions. You also may want to look for units for sale that already have tenants in them. 

With interest rates so low, this can be an excellent buying opportunity for you to buy for yourself, your business, a child going to college, or even suggest to a relative that they consider moving out of their apartment, and start gaining some equity. If you kids are going to be going to college, consider buying a unit close to the college they will be attending. After college, they may end up buying the unit from you. If they are getting married, tell them to skip the big wedding, and give them the condo as a wedding gift.

If you have any questions about any of these condo, give us a call at www.condo.net.