Purchasing a condominium, commonly referred to as a condo, in Reunion offers the unique opportunity to own a private residence within a larger, communal setting. With approximately 17 million condos situated throughout the United States, don’t miss your opportunity to be the happy owner of one of the luxurious condos in Reunion! With condo living commonly encompassing sharing common areas and amenities with neighbours, a true sense of community is created. As a condo owner you have the freedom to buy and sell your property as you wish, and gain equity in your property overtime. If you are interested in purchasing a condo in Reunion, contact Reunion Properties Florida today.
Discover More About Condos in Reunion
What is a Condo?
A condominium, otherwise referred to as a condo, is a type of private residence that is situated within a larger building or complex. Typically, unlike a standard apartment, condos are owned rather than rented, which offers buyers the benefits of ownership and investment. Condos typically share common areas, such as recreational rooms, swimming pools or gardens, and require owners to pay a maintenance fee for the upkeep of such communal areas.
The concept of a condo gained popularity following the construction of the first condominium back in 1960, built in Salt Lake City. Today, they form a significant proportion of the American housing market, with approximately 17 million condos situated across the breadth of the United States. Ultimately, condos offer the perfect blend of community living and property ownership.
What Are the Pros & Cons of Living in a Reunion Condo?
- Security – Entry and exit points of condos are usually heavily guarded, ensuring only authorised personnel can enter.
- Amenities – Condos offer access to modern amenities such as gyms, swimming pools and entertainment rooms, which you may not get in a private home.
- Community – Due to the shared living spaces in condos, a greater sense of community is created with neighbours.
- Easy maintenance – Living in a condo means relief from the burden of property maintenance, with regular home maintenance from homeowner associations.
- Property appreciation – Condos are often built in developed urban areas, which means that the value of the property is likely to appreciate at a higher rate due to the attractiveness of its location.
- No land ownership – Purchasing a condo does not mean that you own the land, meaning when land value increases you do not personally benefit.
- Limited autonomy – Sometimes condos come with strict rules and regulations that inhabitants must abide by. This may include guidelines on noise levels, pets and numbers of guests.
- Mandatory association fees – Once a condo is purchased, inhabitants must also pay monthly fees to homeowners associations for maintenance of shared facilities, additional expenses that must be acknowledged.
- Reduced privacy – With several shared amenities in a condo, there can be reduced privacy in such accommodation. You may also have limited control over things such as noise and visitors to the condo complex.
- Limited parking – Parking for condo complexes are often limited. Additionally, if you purchase a condo that has a parking space, but you do not own a car, you may still be charged for the parking spot.
Despite the pros and cons of purchasing a condo, the best way to determine if a condo is the right property to invest in is to contact our dedicated team of sales executives to discuss condos for sale in Reunion!
What Size of Condos Are Available to Buy in Reunion?
In Reunion, Florida, the size of condos available for sale varies significantly, providing options for different needs and lifestyles. These condos typically start at a cosy 730 square feet, suitable for individuals or small families looking for a compact living space. On the larger end, units can expand up to 2000 square feet, featuring spacious layouts that can accommodate three bedrooms and more. This range allows buyers to choose from modestly sized homes to more expansive residences, each designed to offer comfort and functionality tailored to a variety of preferences and family sizes.
How Much Does an Average Condo Cost to Buy in Reunion?
The average cost to buy a condo in Reunion, Florida typically falls within the range of $200,000 to $350,000, contingent on factors such as size and location. However, certain deluxe condos, particularly those situated on prestigious Sandy Ridge Drive, can exceed $500,000 due to their premium features and prime positioning. This wide spectrum of prices offers prospective buyers various options to suit their preferences and budgetary constraints, making Reunion an attractive destination for those seeking a condo lifestyle amidst the Sunshine State’s allure.
Happy Condo Owners
How Can I Buy a Condo in Reunion?
To purchase a condo in Reunion, browse our specially selected properties available to purchase, and contact Reunion Properties Florida today! We are renowned experts in property investment in Reunion, and our expert sales team guides you to purchase the perfect condo in Reunion that will suit your every want and need.
How Can I Sell a Condo in Reunion?
To sell a condo in Reunion, Florida, partnering with Reunion Properties Florida is a strategic choice. As the premier real estate agent in the area, we leverage our prestigious affiliation with Sotheby’s International Realty to maximise exposure and secure the highest possible sale price for your property. Our expertise and extensive network ensure a smooth selling process, positioning your condo attractively in a competitive market.
