Thanks to its tropical climate, Roatan Island is a popular vacation destination for many travelers from all around the world. There are also many people who come to Roatan to retire, as well as businessman who find the island of Roatan as an interesting investment opportunity.
All of these people need a place to live, right? Of course, you can always rent an apartment or stay in a hotel for a couple of days, but if you wish to spend a significant amount of time on the island, it’s always better to have a place of your own.
There are many condos for sale here in Roatan. Some of them are on the luxury side with lots of premium amenities and shared facilities, while others are basic and come at budget-friendly prices. There are many things to take into account when purchasing a condo in Roatan and we are here to give you tips on what to look out for when buying a condo in Roatan.
What is Exactly a Condo?
Just to make things clear, purchasing a condo is not the same as getting an ordinary single-family home. A condo can be best described as a type of a shared piece of property, where each person is the owner of a unit or a condo. Some condominiums offer a wide range of services like pools, tennis courts, and fitness facilities, while others have only basic facilities and amenities. Did you know that buying a condo can be much cheaper than getting a single family residence? There are many who prefer to buy a condominium rather than a single house, due to less maintenance and the lifestyle of spending your time in a condo community. Of course, every condominium community has its own fees, amenities, and rules. Here are a couple of condo-buying tips that may come in handy when
purchasing a condo in Roatan.
Preparation is Important
Hire a professional real estate agent who has experience with selling condos. This person will know just how to guide you through the process and will make sure that you understand every single paper that needs to be signed.
What Does the Condo Include?
It is very important to know what the condo includes before finalizing the purchase. Do you have additional storage space or a reserved parking spot? These are just some of the questions that you need to ask before you make the purchase.
Ask about Association Fees and what they include
Each resident needs to pay a monthly, quarterly, or an annual fee in most condo communities. An association fee is there to cover some basic expenses like maintenance and insurance. Make sure to ask about these fees and more importantly, what do they include.
Make sure to choose the Right Location
I am not just talking about the location in Roatan. If you decide to purchase a condo on the island, find out if it has a good view or a layout that looks out to garbage cans in the backstreet. It is also recommended to avoid condos for sale in Roatan that overlook the entrance to the garage, due to vehicle traffic. You should also avoid getting a condo that is located right across the elevator.
Purchasing a condo for sale in Roatan comes easy to some people, but there are definitely things that need to be questioned twice or even three times before purchasing a condo. Follow these tips and I am sure you will make the right choice when buying a condo in Roatan.
View a list of recommended Roatan Real Estate Agents