Daytona Condos For Sale | Daytona Beach Real Estate

Many people buy condos because they want nothing to do with exterior maintenance and repairs. Some like the idea of luxury amenities built into monthly HOA fees or safety in underground secured parking and camera monitored lobbies.  

Here are some questions you should ask your Daytona Beach Real Estate agent:

What are the HOA fees and what do they cover?

Monthly condo fees differ for one condo building to another and the buildings amenities determine the cost of the HOA fees. Daytona Beach condo amenities can include fitness centers, sauna, pool, Jacuzzi, and beautiful social club rooms with media center, storage units and reserved underground parking. The fees may also include water, building insurance , cable/satellite , clubhouse , common areas , exterior paint , lawn , pest control , pool , security , sewer , trash and water !

Is the capital reserve account healthy?

This account is like an insurance policy and pays for regular the repairs the building requires. Try to get a copy of the budget so you know it's properly funded. When a capital reserve account is poorly funded the residents are at risk for special assessment.

Are there any assessments planned?

Find out if there is any special assessment that each unit owner could be paying. Special assessments for condos can be for renovations, parking lot refinishing, roofs, and exterior painting.

What is the rental policy?

Rental restrictions vary by condo but they generally restrict the period of time that an owner can rent their unit. This is a good thing as it preserves the property value. Those who purchase a condo as a vacation home may consider purchasing a condo with a minimum rental period of less than a month. Your condo can generate income on a rental program managed by an onsite manager.

Read our Frequently Asked Questions and Answers Sheet will answer all or most of the above questions. The seller is required to provide at sellers cost to buyer prior to execution of the Residential Contract for Sale and Purchase. This sheet is required under F.S 718.503(2)

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