Is A Condo Or Home A Better Investment Along 30a

Dated: 11/20/2017

Views: 41

Investment along 30a – condo or home?

It's kind of a loaded question to ask if a condo or home is a better investment along 30a and throughout Santa Rosa Beach for every person.  The reason is everyone has unique things that they want from their investment property.  Probably the most common investor we have in the Santa Rosa Beach area is the investor and part-time vacationer.  We also have many people that buy investment properties here that do not have any desire to use them.  They strictly want to rent them, benefit from the tax breaks and hope for solid appreciation over time.  The great thing about a condo is that they can be very low maintenance and sometimes truly turnkey.  Just about everything is taken care of for you by the homeowners association.  Each condo in the area varies slightly on what they offer for the condo owners.  For many people, this is also a negative.  A large number of people do not want to pay the monthly HOA fees that are associated with condo ownership.  Just remember that if you own a home you either need to live close or have a good list of trustworthy people to take care of your home while you're not around.  This is something that some investors take care of themselves remotely or they have a vacation rental company they hire.

In conclusion, when deciding whether or not a condo or a home is a better investment along 30a comes down to a lot of personal preference.  Like any other major purchase you may find the best thing is to write a list of pros and cons and of course to advise console from an expert.  This is exactly what a 30 A Local realtor can help with.  If you're not sure if a condo or home is better for you let's talk over together the pros and cons.

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Danny Margagliano

Danny started his career in real estate in 2009 at Keller Williams Realty. Now he is the team leader at 30a Local Properties of Team Margagliano. His real estate partner and mother, Arlene Margagliano....

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