Glenn Musto | Thursday, Sept 15, 2016. Whether from the standpoint of personal lifestyle or financial investment, you can’t go wrong by choosing to live on or near a beach in Pinellas County, Florida. A home purchase in this area is likely to be one of the best decisions you will ever make.
Your first consideration as you begin your search for your dream home at the beach may be whether you prefer a single-family home or condominium. Each has its strong points.
1. Location & Price: As the cost of beachfront land continues to rise, Gulf-front single-family homes are becoming a rarity. Because multi-story buildings can be built today with several condominiums on lots where single homes once sat, condominium owners often share costs in order to make beach living more affordable. Local zoning regulations dictate the areas where condominiums can be built. Land costs typically decrease as you move farther from the Gulf. The result is that more single-family homes become available in those areas. Waterfront land prices – such as Bayfront, canal front, riverfront, etc. tend to be more expensive than non-waterfront locations.
2. Privacy and Restrictions: If lounging all day in your pajamas is important to you, or never hearing the sound of a neighbor’s radio playing, you may prefer the privacy of a single-family home; however, current condominium layouts and construction techniques take these concerns into consideration. Modern methods of sound insulation and condo unit arrangement can often duplicate the sense of privacy one has in a single-family home. Condo-association restrictions can affect things such as having pets, smoking, swimming-pool hours of availability, loud noises, private parties, parking, rental possibilities, and more. You may fully support some restrictions, while being offended by or totally rejecting others. In your own single-family home, you can do pretty much as you please. When sharing with others, not so much, though rules and regulations can vary significantly between condo complexes and associations. The importance of restrictions is very personal. Weigh your options and then decide what’s right for you.
3. Security: A condominium unit often feels more secure for several reasons than many single-family homes. The condominium unit typically exists behind its own locked entry door, inside a building with locked, monitored, or guarded entrance(s.) The entire building is often protected by alarms for fire or burglary, and sprinkler systems in common areas as well as within individual units. Condominium units located above ground-floor levels offer the added security of having less-accessible windows for possible intrusions. Neighbors who can observe activity in and around your unit add an additional layer of security in a condo complex. Such security benefits can make it far more comfortable for condominium dwellers to simply lock the door and leave when they wish to travel. Short of building walls or fences and installing elaborate security systems, single-family homes are generally more difficult to secure.
4. Amenities: While many private homes on or near the beach do have swimming pools, this is usually the extent of their amenities. Many Pinellas area private homes also back up to a bay or canal, and often include deep-water boat docks and Gulf access. Condominium complexes may offer swimming pools, tennis courts, badminton courts, shuffle board, lawn bowling, meeting rooms, game rooms, private elevators, or private movie theaters. Clearly, the size of the complex influences the number and type of amenities offered. The tradeoff is between privacy demands and costs of sharing such benefits. Do you enjoy meeting new people and occasionally participating in group activities? Or do you value your privacy at all costs? Your choices are pretty much limitless in Pinellas area beach homes and condos. Shop around and discuss such items with your Realtor to decide what is most important to you.
5. Storm Safety: Whether one’s concern is for earthquakes, tornadoes, hurricanes, floods, Nor’easters, dust storms, or other natural disturbances, no area of these great United States is storm free. Our Pinellas County area of Florida has been fortunate not to experience a major storm for several years (1921.) Regardless, it would be foolish not to consider protection against storms in any discussion of homes. Many things can be done to increase storm protection for a single-family home, such as adding storm shutters, reinforcing a roof or garage door, insuring that drainage is adequate for heavy rainfall, etc. Florida condominium developers are required by law to address these issues. In general, condos are more likely to be protected against storm surges and high winds than one or two story single-family homes. Newer construction is generally safer because of updated building code regulations.
6. Ease of Resale: Demand is strong in our Pinellas County area for both condominium units and single family homes. This includes vacation homes and rental property as well as year-round homes. More prospective buyers are looking for condominiums near the beach than for single family homes because condominiums are typically more affordable for their size. Also, more Gulf-front condominium units exist than single family homes, because of available beachfront land. As you move inland, single family homes become more available. A buyer exists for every home when it is fairly priced for its target market. Young couples starting out in life are looking for one type of home. Retired couples with no family members at home are looking for another.
We are fortunate in our Pinellas area of Florida to have homes of all types available, in many different areas and many price ranges. Buyer demand is currently quite strong in Clearwater Beach, Sand Key, Belleair and Belleair Shore, Indian Rocks Beach, Indian Shores, North Redington Beach, Redington Beach, Madeira Beach, Treasure Island, St Pete Beach, Pass-a-Grille, Tierra Verde, and St Petersburg, FL. While more condominium units are generally available, we still have an enviable selection of single-family homes in our beach areas.
If you are thinking of selling your home in any of these areas within the next three to six months – single family or condominium – you’d be wise to find out its true market value today to help with your decisions.
For a free online report of your home’s value today, click:
Free Online Home Evaluation.
Team Musto has qualified buyers waiting right now to purchase your home – single family home or condominium.
When you call, be sure to ask about our special Florida homeowner’s guarantee:
Home Sold Guaranteed – Or we’ll Pay You $10,000
Call Team Musto now at (813) 610-4684, and start packing!