The FUTURE Of Condo Ownership in FLORIDA

In this essential episode, we delve into the recent surge in insurance rates and HOA fees for condo owners, triggered by new state legislation mandating comprehensive funding for reserves. As these changes unfold, understanding the impact on condo owners is crucial. We'll explore the ins and outs of the legislation, its implications for insurance premiums and HOA fees, and what this means for you as a condo owner.
We break down the complex dynamics of insurance policies, dissect the reasons behind the rising costs, and examine how the new laws aim to ensure financial stability and safety for condo communities.
Stay informed about how these legislative changes could affect your budget and what steps you can take to mitigate the impact. Whether you're a current condo owner feeling the crunch or considering purchasing a condo, this video is packed with vital information to help you make informed decisions.
Don't forget to hit the like button if you find this video helpful and subscribe for more updates on real estate trends and financial advice. Share your thoughts and experiences in the comments section below-we'd love to hear how these changes are affecting you!
Veronica
------------------------------------------------------------------------
🏡 Ready to make your real estate dreams a reality? Whether you're buying or selling, I'm here to connect you with top-notch agents across the United States. Let's get started on your journey today! ✨ Please fill out this quick form or feel free to reach out directly. Your perfect agent is just a click away!
👉 forms.gle/gkTmCQeTRWtu6Gzs9
🌴 Join our thriving Daytona Beach community on Facebook: / 698871255714894 .
It's a great place to connect, share insights, and stay updated on local happenings!
Veronica Edwards
Associate Broker with LPT Realty
📲 386-299-0630
👩‍💻 Website: www.centraleastcoasthomes.com
📲 Email:VeronicaEdwardsRealtor@gmail.com
👀 Watch videos about Living In Daytona Beach here: bit.ly/3cwIcH0
👀 Watch videos about Living in Pelican Bay here: bit.ly/2WQxHHV
Watch my other KZread videos:
👀 • Daytona Beach Florida ...
About Central Florida:
🟢 en.wikipedia.org/wiki/Central...
🟢 visitcentralflorida.org/vacat...
🟢 en.wikipedia.org/wiki/Daytona...
🟢 www.codb.us/
🟢www.ucf.edu/
#veronicaedwards #livingindaytonabeach #movingtoflorida
00:00 Introduction
00:14 Insurance
04:29 Financing
06:02 Sales
09:40 Renting
10:31 Comment Opinion

Пікірлер: 26

  • @VeronicaEdwards50
    @VeronicaEdwards502 ай бұрын

    Looking for an agent in your area? I can help. Fill out this brief form 👉 forms.gle/gkTmCQeTRWtu6Gzs9

  • @judyportermusic
    @judyportermusic2 ай бұрын

    The assessments are hard to swallow, BUT waking up to the glorious sunrises and fall8ng asleep to the sounds of the ocean are way better than snow.😊

  • @VeronicaEdwards50

    @VeronicaEdwards50

    2 ай бұрын

    Thank you for sharing your thoughts! You make a great point about the trade-offs involved in condo ownership in Florida. While the assessments can indeed be challenging, the stunning sunrises and the soothing sounds of the ocean definitely add a unique charm to living here. It’s all about balancing these factors and deciding what's most valuable for one's lifestyle. 💖

  • @davidlaney6153
    @davidlaney61532 ай бұрын

    The New Yorkers brought down the high condo concept to Florida...

  • @VeronicaEdwards50

    @VeronicaEdwards50

    2 ай бұрын

    Interesting point! The influx of residents from New York and other states has indeed played a significant role in shaping the condo market in Florida. This movement has introduced new demands and expectations, influencing both the design and the concept of condo living in the state. It's a testament to how cultural and demographic shifts can impact local real estate markets and community structures. I appreciate your insight on this and think it's a fascinating topic that deserves further exploration. Let's continue to discuss how these changes are shaping the future of living spaces in Florida. Thanks for watching and sharing your thoughts!

  • @robertmanley2687
    @robertmanley26872 ай бұрын

    Paulie knows the deal

  • @puravida5683
    @puravida56832 ай бұрын

    No thanks. I bought a beachfront home in Costa Rica, for about half the cost of a similar home in Florida. Not to mention lower costs and expenses! Florida is a nice place to visit, I wouldn't buy a house or condo there!

  • @VeronicaEdwards50

    @VeronicaEdwards50

    2 ай бұрын

    Wow, congratulations on your new beachfront home in Costa Rica! That sounds like a fantastic deal, and it's great to hear about the benefits of lower costs and expenses there. Indeed, every place has its unique advantages, and it's all about finding the right fit for one's needs and budget. While Florida's real estate market can be higher in comparison, it offers its own set of attractions and benefits. But I completely understand and respect your decision. Would love to hear more about your experiences and any tips you might have for those considering Costa Rica as a living option. Thanks for sharing your perspective, and I hope you continue to enjoy your beautiful home!

  • @powerxkx
    @powerxkx2 ай бұрын

    I would ONLY do a two story unit...

  • @VeronicaEdwards50

    @VeronicaEdwards50

    2 ай бұрын

    I know others feel the same way. I have a friend now looking to purchase a condo as an investment and they are only looking at two stories!

  • @mrmrmrcaf7801

    @mrmrmrcaf7801

    2 ай бұрын

    Good mentality ...instead of having big buildings to accommodate many people on the cheap, you still love to sprawl. Even when you have reached the limit, you still want to live in a cardboard house or a two story units and pay millions for it 🤣👍

  • @peace8373
    @peace83732 ай бұрын

    The older the condo, the more you going to pay just to keep it. The price of insurance, the cost of maintenance is going to make your investment look like a money pit.

  • @VeronicaEdwards50

    @VeronicaEdwards50

    2 ай бұрын

    You've raised a very valid point about the challenges of owning an older condo. Indeed, as buildings age, they often require more maintenance, which can lead to higher costs for owners. Insurance rates can also reflect this increased risk. It's crucial for potential condo buyers to consider these factors and conduct thorough due diligence before making a purchase. Assessing the building's maintenance history, understanding the health of its reserve fund, and considering future repair and maintenance needs are all key steps in making an informed decision. Your comment highlights the importance of looking beyond the initial price tag and evaluating the total cost of ownership. I think this topic deserves a deeper dive in a future video to help buyers navigate these complex considerations. Thanks for bringing this up and contributing to a more informed discussion on condo ownership!

  • @albrown8196
    @albrown81962 ай бұрын

    More than anything else, you have to "buy into" the lifestyle..

  • @VeronicaEdwards50

    @VeronicaEdwards50

    2 ай бұрын

    Yep! That is correct that is what most people are buying into, it is the lifestyle 🌟

  • @dmimcg
    @dmimcg2 ай бұрын

    I'm moving to Oakland.

  • @VeronicaEdwards50

    @VeronicaEdwards50

    2 ай бұрын

    Every city has its unique real estate market and living experience, and Oakland is no exception with its vibrant communities and diverse housing options. Best of luck with your move to Oakland, and I hope you find the perfect place that suits all your needs. Thanks for watching!

  • @dmimcg

    @dmimcg

    2 ай бұрын

    @@VeronicaEdwards50 Oakland is a wonderful city of diversity and a great democrat mayor. I bought extra shoes to deal with all the poop on the street and am looking forward to the free needle exchange. Also, I can break into as many cars as I want as the police won't arrest me. If I need anything I can steal up to $950 and won't be arrested. Life is GOOD in Biden America.

  • @johnbalasa711
    @johnbalasa7112 ай бұрын

    No Condo for me I buy a shack before Condo.

  • @VeronicaEdwards50

    @VeronicaEdwards50

    2 ай бұрын

    Thanks for sharing your preference! Choosing a place to call home is deeply personal, and what works for one person might not suit another. While condos offer benefits like maintenance, amenities, and community living, they're not for everyone. A more traditional, detached home can offer privacy, space, and a sense of freedom that many people value. It's all about finding the right fit for your lifestyle and needs. I appreciate your input. Thanks for watching and taking the time to comment!

  • @michaelwells7348
    @michaelwells73482 ай бұрын

    ~ ~ Make America Florida... No way Jose....

  • @davidjaylaw1920
    @davidjaylaw19202 ай бұрын

    😂Worst time ever to buy! Typical Realtor hucking snake oil

  • @VeronicaEdwards50

    @VeronicaEdwards50

    2 ай бұрын

    I understand your concerns about the current market conditions and appreciate your candor. It's true that the real estate market can be challenging to navigate, with fluctuations in prices and varying advice on when to buy or sell. My goal is to provide information and perspectives that help viewers make informed decisions based on their personal situations and market realities. It's crucial for anyone considering buying or selling property to do thorough research, consult multiple sources, and, if possible, seek advice from trusted professionals. Remember, the right time to buy is different for everyone, depending on their unique circumstances and market understanding. I'm here to provide insights that hopefully clarify rather than complicate these decisions. Thanks for watching and for your feedback-it’s a reminder of the importance of transparency and trust in these discussions.

  • @TrumpIsGoingToPrison
    @TrumpIsGoingToPrison2 ай бұрын

    You forgot SHIT CONSTRUCTION.

  • @VeronicaEdwards50

    @VeronicaEdwards50

    2 ай бұрын

    Thank you for bringing up an important point! Indeed, construction quality is a crucial factor in the future of condo ownership in Florida. My focus in this video was on the economic and regulatory aspects, but I absolutely agree that construction standards and practices significantly affect the sustainability and safety of condo living. I'll consider dedicating a future video to explore how construction quality impacts condo owners and what measures can be taken to ensure higher standards. Your input is invaluable, and it helps make our community discussions richer and more comprehensive. Thanks again for watching and for your constructive feedback!

Келесі