Condominiums
Condominiums
Condos offer snowbirds a low-maintenance way to rent. The condo grounds are taken care of by the management, so it’s one less thing to worry about! It may, however, be more difficult to find an condo complex that rents to primarily snowbirds. Instead, you may find that singles or small families also gravitate to these locations.
Here are some things to consider when looking for a condo:
Is the Condo for snowbirds and 55+ or is it a family community?
Elevator or just stairs?
Ease of use, especially with any future medical conditions?
The following receipts are based on typical and comparable October 2006 listings at miamidaderrealtors.com, public.brevardmis.com, and GSTAR.org.
The Estimated Bill
Waterfront Condo
1970s Beach Front Condo
2 Bed, 2 Bath, 1000 Square feet
Indian Rocks Beach (Tampa area)
$599,900 -Purchase Price
$119,980 -Ex. Down Payment
$3033/mo. Principal & Interest on 30 year fixed mortgage at 6.5% interest with 10% down
$317/mo. Estimated Payment for Taxes and Insurance
$200/mo. HOA Fees (Estimated)
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$3550/mo. -Total Housing Costs ((+Utilities and Indoor Maintenance.)
The Estimated Bill
20+ year-old condo with some updates
1980s Condo (Non-waterfront)
2 Bed, 1 Bath, 800 square feet
Ft Lauderdale, FL
$190,000 -Purchase Price
$38,000 -Ex. Down Payment
$961/mo. -Principal & Interest, (on 30 year fixed mortgage at 6.5% interest with 10% down.)
$142/mo. -Est. Payment for Taxes & Insurance
$179/mo. -HOA Fees
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$1,282/mo. -Total Housing Costs
(+Utilities and Indoor Maintenance.)
The Estimated Bill
New Construction Condo
Brand New Condo
2 Bed, 2 Bath, 1200 square feet
Non-waterfront -Merritt Island, FL
$229.000 -Purchase Price
$45,800 -Ex. Down Payment
$1158/mo. -Principal & Interest on 30 year fixed mortgage at 6.5% interest with 10% down
$194/mo. -Estimated Payment for Taxes and Insurance
$250/mo. -HOA Fees
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$1602/mo. -Total Housing Costs (+Utilities and Indoor Maintenance.)
Related Links:
Available Sales on isnowbird.com- View our FOR SALE classifieds and links to classifieds on external sites.
Realtor.com Use this website to find extensive for sale listings of condos and single family homes around the country.
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