Condos

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.)

FEATURED SNOWBIRD COMMUNITY:

Village of
La Casa Del Sol 55+ Community
Located in Davenport, FL near Disney
Great Snowbird lease
Community events and activities such as bingo, theme dinners, and more!

(800) 597-1255 Call for a FREE BROCHURE

Visit our website at VillageFlorida.com