Jupiter ocean front condos offer beautiful views and appreciate quicker than non ocean front homes.
So, if you've been thinking of making the move to Jupiter, there are some things you'll want to take into consideration before you start your search. HOA / Condo fees tend to be 3-4 times higher in these areas. Security, parking, building maintenance and insurance all factor into the cost associated with monthly fee. Not all condo fees cover building maintenance. For example, the Sea Lofter buildings located at 1605 S. US Highway 1 incurred a hefty assessment to replace roofs, Hardiplank siding and new paint because the reserve funds weren't sufficient.
When choosing your real estate agent, you need to be confident your agent asks for the condo budget and reserves. In addition, I ran into a situation where listing agents were not disclosing mandatory membership fees associated with a property. Generally these properties with mandatory membership fees will NOT appreciate at the rate of the normal real estate market. I've had clients get upset with me for disclosing the membership fee, wanting the spectacular home and getting frustrated for trolling Zillow as these properties continually showed up within their budget.
Knowing what is covered by your condo fee can be beneficial if you're on a budget. Some communities include high speed internet, cable, water and sewer. While others only cover the basics.
Be in the know when you start your search. Give me a call if you have any questions. I'm here to help!