The fact that there are large numbers of condos in Florida is no doubt of interest to many Canadians. As the mercury drops lower and lower and the snow rises higher and higher, our thoughts turn to warmth, sunshine and a coat-free environment!
It is a fact that many Canadians strive to afford their second home in the warm sun belt of the United States, and many of them just leave Canada for the whole winter to enjoy the sun.
Florida is the perfect location for this 'snowbirding'. If you have thought about taking the plunge into a condo lifestyle then now may be the time to strike. The Florida Association of Realtors have reported that the price of condos in Florida is very low right now, partly due to a large number of new condos coming onto the market at the same time.
The FAR are basing these figures on the latest set of sales stats to come out which show that the median price of a Florida condo is down by about 9% over this time last year. Also the number of units sold compared to this time last year is down by 29%.
The state of Florida brings in 300,000 new residents per year, second only to the state of Texas. Florida is a prime retirement choice for many people, and this popularity generally keeps the condo price steady, in spite of small nationally-influenced fluctuations.
Now that the price has dipped, many shrewd buyers are moving in on the condo market. The economy in Florida is still plugging along, although according to the Florida's Institute of Economic Competitiveness, it is at a slowed pace for now. Once it picks up, no doubt the condo prices will be right alongside it.
Florida is famous for its canal systems, giving thousands of residents access to recreational water sports. Many condos offer waterfront opportunities in varying degrees, including ocean front, river front and canal front. If you have often dreamed of a small boat and a carefree lifestyle, now may be the time.
Because of its setting, Florida's recreational calendar offers many sailing regattas and power boat races in which you can become involved. There are also training classes for 'wanna-be' seafarers and you can learn how to be the captain of almost any vessel at evening courses run by various institutions.
Florida is also very ecologically minded, and for those of you interested in marine life and in preserving the environment, you will find Florida sympathetic to these causes. One of the early states to encourage residents to go green, Florida introduced re-cycling over ten years ago!
Condo life anywhere offers great advantages - such as worry free home maintenance. Most people like the idea of never having to cut the lawn again! Even better than that is swimming in your pool everyday without having to check the Ph balance. Check HOA fees to see how they compare with other units in the market.
Be sure to search for a condo whose 'common rules' suit you. For instance many have the noise rule and you must be quiet after ten at night! Many have rules about not be able to rent your condo, and some have rules for not being allowed to do your own maintenance.
Check the rules before you buy. If you are Canadian, remember the laws are NOT the same, use a lawyer that is experienced in the differences in the rules of law.
