New If you want to buy a condo, especially if you are looking in Florida, This is the video you must watch! Beginning January of 2025 all Florida condos will be required by state law to have fully funded reserves! And a large percentage of these condominium complexes do not have the reserves to cover major projects and increase insurance costs. This is a massive problem for many condo homeowners. Many high-rise condos in Florida are starting to feel the Tsunami of expenses hitting as new structural mandates plus rising insurance costs at the same time are making these condo fees escalate! Now some individual condo homeowners who have Citizens Property Insurance, are now mandated to get additional flood coverage for their units, even if they’re in a high-rise building. It’s a massive surprise in expenses that are coming for condo owners. Crazy Expenses For Condo Owners In South Florida

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#condo #condoliving #buyingacondo

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Jerry Pinkas Real Estate Experts
604 N 27th Ave
Myrtle Beach, SC 29577
843-839-9870

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Myrtle Beach, South Carolina is a highly one of the most sought-after locations for anyone who is looking to purchase a condo on the beach or golf course. The costs associated with buying a condo are more than just the purchase price. Condo association fees are now going up everywhere in the nation! Places with prime beachfront properties are still in high demand for vacations, income-producing 2nd homes, and retirement. In this video, we'll provide insight into what potential buyers should look for and what to stay away from. You need to know what current market trends and outside influences may affect your investment in the future.

So you are thinking about making the move to a condo and you are tired of dealing with yard work, and home maintenance and want to give condo living a try. Make sure you learn these 7 must-know things before buying a condo.

New Florida state laws have been enacted as a result of the building collapse in Miami. All condos in Florida will be required to have fully funded reserves and condo owners will see a huge increase in their monthly fees.

Disclaimer: All information given in my videos is meant to be educational. This video is not intended to replace your research, nor to provide legal, investment, or financial advice. For legal advice consult a lawyer.

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