Condos are one of the more popular real estate options in the Alabama Gulf Coast, especially in cities like Foley, Orange Beach, and Gulf Shores. Often located in attractive areas, living in a condo is convenient and relatively stress-free.
What is a Condo?
A condo (formally known as a condominium) is building or a complex comprised of individually owned units. The usual set-up is a building, usually a mid-rise or a high-rise, but you will also find condo units that are similar to single-family homes (we call these “detached condos.”)
As mentioned, condos are often located in desirable areas, like town centers or downtown districts. This makes condo living a popular choice for people who want to live right where the action is.
Living in a condo can be convenient primarily because you can enjoy a variety of amenities, such as gyms and swimming pools. You also do not need to worry about the maintenance of these common areas, as this is included in the monthly dues you are required to pay.
Meanwhile, the condo’s homeowners association will oversee how the funds are spent. The board is usually composed of duly elected residents. An active HOA regularly holds town hall meetings to address current issues and modify or establish rules.
The Perks of Buying a Condo Unit
Features and amenities aside, there are more aspects to condo living that will prove to be beneficial.
- You get to be part of a community. Some HOAs really kick it up a notch and organize social events for residents regularly. This is a big bonus especially if you are interested in meeting new people or keen on making networking connections.
- It’s flexible. Condo units are great for people who are always on the go or who travel frequently. There isn’t much maintenance woes to worry about. Additionally, you can earn extra income if your HOA allows residents to sub-let temporarily unoccupied units. And speaking of income…
- You can have it rented out. If you reach that point in your life where you decide to move out, you can keep the condo and have it leased long-term or turn it into a vacation rental property. The latter can be an exceptionally lucrative venture, as the Alabama Gulf Coast invites thousands of tourists each year.
Explore Condos in the Alabama Gulf Coast!
Let me show you why it is an absolute pleasure to live in a condo here in the Alabama Gulf Coast. For more details about condos in Orange Beach, Foley, and Gulf Shores, you can send me an email at realtor(dotted)amberlawson(at)gmail(dotted)com.