🔍Condo building type should be considered before making an offer.
💰Understanding HOA fees and what they cover is crucial.
📜Special assessments can affect your overall expenses.
🏡Knowledge of vacation rental regulations is important if you plan to rent out the condo.
🚫Checking building rules for pets, renters, and vehicles is essential.
What is a condotel?
—A condotel is a building or complex with individual units that are owned by different people and managed as a hotel.
Are HOA fees the only expenses to consider?
—No, there are additional costs such as special assessments and insurance.
Can I rent out my condo as a vacation rental?
—It depends on the vacation rental regulations set by the building's HOA.
Are there any restrictions on pets?
—Each building has different rules regarding pets, so it's important to check before purchasing.
Can I live in the condo full-time or part-time?
—Some buildings have restrictions on occupancy, so you need to check the rules.
00:00Myrtle Beach is known for affordable oceanfront condos.
00:43This video provides 10 key insights on purchasing an oceanfront condo.
01:00The type of condo building should be considered before making an offer.
01:21Understanding HOA fees and what they cover is crucial.
01:46Special assessments can affect your overall expenses.
02:03Knowledge of vacation rental regulations is important if you plan to rent out the condo.
02:23Checking building rules for pets, renters, and vehicles is essential.
02:33Occupancy restrictions should be considered if you plan to live in the condo.
