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REAL ESTATE TIPS: HOUSE, TOWNHOUSE, CONDO OR PH - What's Better? | Oceana Estates - YouTube
Channel: Oceana Estates
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Hello, this is Arthur with Oceana Estates.
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Today we're going to be talking about the different types of homes that you could purchase.
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Like a house, a townhouse, a condominium or a penthouse.
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A house could be detached or could be in an association.
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Let's talk about the types.
Let's start with single-family detached house.
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This type of home is located
outside of a community and is completely detached
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from all other properties
nearby and is managed by the owner.
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The owners responsibilities include
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mowing the lawn and taking care of all common areas, such as the street.
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For example if anything needs attention or may cause potential harm to pedestrians
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would need fixing.
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All maintenance included with the home
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from the interior
to the exterior of the walls or the roof, for example
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comes out of the owner's expenses.
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Yet, when owning your own home outside of a community
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you are in effect
the president of your domain.
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You do not pay any monthly homeowners association
fees and may use your property as you like.
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The second type of home would be a
single-family detached house within a community.
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This type of home is located
inside a community and is managed by an association.
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The common area around the
home is typically serviced by the association.
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The property may include a
community club home that contains a pool
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indoor sports or sometimes even a tennis
court.
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For these amenities the owner pays a monthly HOA fee
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that is decided by the
association.
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When taking part in a community, you have to agree to common rules
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such as color of your exterior walls, certain parking regulations, comments sanitation rules etc.
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The owner in effect is not the final decision-maker
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as to any changes to the property.
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The rules are decided by the board based on
common interests.
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A community typically requires all potential new residents to be approved by the association
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after running a background check and an
interview.
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Here are a few important points that we want you to remember.
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A house
may be one or more floors.
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Also house may come with
or without a private pool
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Some houses can come with a garage or a driveway
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where their vehicles could be conveniently parked right in front of
the house.
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Other houses could be conveniently located next to a canal
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giving the owner of a boat direct access to a personal pier.
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A second option to
consider would be a townhouse.
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A townhouse is quite similar to a
single-family home
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yet it is not detached and typically consists of 2
or more floors.
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In Florida, townhouses are mostly found in communities
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and are
managed by an association.
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The common area is serviced by the association
including sanitation, mowing the lawn
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trimming of the trees and other bushes.
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The owner pays monthly HOA fees to cover the cost of services provided by
the association.
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A town house is structured like a detached house
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but has at least one wall connected to the neighboring dwelling
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and tends to share
a common roof.
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A townhouse may or may not have a community pool or clubhouse.
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Yet, in some cases, a townhouse may come with a private pool.
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Townhouses typically have
a back or front yard and come with a driveway or garage.
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In some communities
that have properties without a driveway or garage
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a common parking area with
assigned spots will be provided.
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This could be an inconvenience for families
with multiple cars.
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Rowhouses usually consist of multiple units connected
together
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where some may have two or more walls shared with neighboring dwellings
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Another option to consider is a condo or a condotel.
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In this scenario the
owner lives rather worryfree
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where all maintenance is taken care of by the
condominium association.
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A condominium is normally a unit or an apartment in a
building
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managed by an association with additional amenities such as a pool, gym, valet parking
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tennis courts, party rooms, playroom for children,
private restaurants and concierge services.
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Also here all new residents
must get approved by the association
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with a background check and an interview.
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小ondominium monthly maintenance or HOA fees
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tend to be on the higher end to
compensate for all the amenities.
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Owners are expected to obey rather strict rules,
such as pet restrictions
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elevator reservation for moving in and
out of large items, loud noise restrictions and etc.
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Living in a condominium allows owners to live worry-free in a rather organized environment.
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Similarly, a condotel is a condominium that comes with hotel like amenities
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allowing owners to enjoy breakfast in bed and cleaning services.
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A condotel may also serve as a good investment
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since many associations allow the property to be rented out
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and may be
managed by the association for a service fee.
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Unless using valet parking, if it's
available, parking for multiple cars may be an issue.
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As assigned parking is
provided to the owner all other vehicles
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would have to use a designated guest
parking area.
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In most cases, the common areas
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such as the pool and restaurants
are available exclusively to the residents
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and are maintained by the
association.
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Any maintenance or handiwork is typically provided by the association
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all depending on the type of work that needs to be done.
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A penthouse or simply
put PH
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is considered to be a condo located on the top floors of the building
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commonly consisting of two or more floors.
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Penthouses are usually found
in luxurious buildings
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and in some cases they are the only unit on the floor.
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In other cases the elevator will open up directly to your units.
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Choices choices,
make sure you take a look at all your available options
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and choose what suits
you best.
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No matter what you choose, you will enjoy Florida.
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Want more useful
information about how to obtain a mortgage
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how to choose a location or how
much can you afford
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feel free to use the link below to
download our presentation
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and subscribe to our channel for more information.
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