Orange County condos are available in a wide array of sizes, styles, and floor plans, and are perfect as a primary residence, a vacation home, or an investment. Whether you’re searching for a comfortable 2-bedroom unit, a spacious loft with first-class amenities, or a luxury oceanfront condo, you’ll be able to find an ideal condo that will provide you with a relaxing, maintenance-free lifestyle.
Advantages of owning a condo
Buying a condo is usually more affordable compared to a house since you’re only purchasing a part of a structure, which you share with your neighbors. Owning a condo basically means you own everything inside the unit, including the ceilings, floors, and interior walls.
Everything that belongs to the exterior structure, such as the roof, foundation, walls, and amenities are shared jointly by you and your neighbors. One of the biggest advantages of owning a condo is not having to deal with exterior maintenance tasks like mowing, raking leaves, or watering plants. This is handled by the condo association, who collects monthly fees for necessary repairs and maintenance of the property, including amenities like the tennis court, playground, swimming pool, or clubhouse.
Useful tips and things to remember when buying a condo
- Assess fees – As mentioned earlier, maintenance-related chores are covered by monthly fees that can increase depending on the provided amenities and type of maintenance required. For example, condo communities with fitness rooms and pools are likely to be more expensive compared to condos that are not equipped with such amenities. In addition to these fees, condo owners are also responsible for insurance, property tax, and other maintenance costs that are not covered by the management.
- Read the covenants, conditions, restrictions (CC&Rs) and rules – Be sure to review the CC&Rs established by the condo’s board. The board can implement several restrictions on unit use to the extent of renting out the unit, interior renovations and updates, pet ownership, accommodating visitors, and so on. In case you’re buying a condo on the beach, keep in mind that public easements and rights-of-way allow everyone to have access on the beach right below the high tide line.
- Examine the overall condition of the unit and structure – Make sure the unit you’re about to buy and the entire structure are both in good condition. It’s always a good idea to hire a professional inspector to have the unit inspected – this will reduce the chances of having to deal with potential underlying issues after you’ve moved in.
- Gauge the community and talk to existing residents – Living in a condo means living in a community. If you’re a young professional, purchasing a condo in a community that’s mostly populated by retirees might not exactly be a good fit – and vice versa. Also remember to ask important questions to your potential neighbors, such as what they enjoy about living there, if they’ve encountered any problems, if it’s managed correctly, and so on.
Need help looking for an ideal condo in Orange County, California? We’ll help you find the perfect home in sought-after communities like San Clemente, Dana Point, Laguna Niguel, and other nearby communities! Contact Mat Just at 949-939-5622, or send an email to matwjust(at)gmail(dotted)com
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