Five tips for purchasing Rehoboth Beach condominiums
Posted by Bill Mann on
Purchasing an oceanfront condominium for full time residency or investment property should not be done on a whim. The financial considerations should be studied and weighed before making such a purchase. Each party has its obligations.
For you, can you afford the monthly maintenance fees without stressing your wallet in the event your rentals are on the slow side? Can you afford a condo facelift every five years or so to freshen up your place to make it a desirable unit?Â
For the condominium, do you have sufficient insurance coverage in place in the event of a catastrophic event, such as a hurricane? Does the condominium have adequate reserves to repair roofs, pave parking lots and paint the buildings when it’s needed?Â
Here are 5 tips to purchasing…
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