In this article we are going to discuss the pros and cons of buying an Oceanside condo. We will also compare the differences of Oceanside condos and single family homes in Oceanside. The Oceanside real estate market is very hot right now. Almost every single family home available in Oceanside is getting multiple offers for it. There is a very low level of inventory in the residential market. This is causing available homes to be in high demand. With houses receiving these multiple offers, a bidding war between buyers is created. This generally drives up the purchase price of homes. When several buyers want a house, they are informed of the situation and they usually increase their offer so that they keep the property. Usually, the buyer with the highest offer gets the house.
While that is what is happening in the Oceanside real estate market for single-family homes, the condo market is much easier to buy. There are many reasons why many buyers don’t think a condo is right for them. One of the main reasons is that most condos in Oceanside do not have a patio. Another big reason is that many buyers think that if they buy a condo they won’t be able to have a pet like a dog. It is true that most of the condos in Oceanside do not have a garden, you can find some that do, but most do not. But almost all Oceanside condominiums have at least one decent-sized lawn area for their residents to enjoy. Many condominium complexes will have quite a few very large grassy areas located throughout the condominium complex. Residents are also not responsible for lawn maintenance. There is usually a gardener or maintenance team that takes care of the entire complex. Homeowners don’t have to mow the lawn or pick up weeds or anything. The money to pay for services is deducted from the Home Owners Association (HOA) fees. Many single-family homes also have HOA fees, but they usually don’t cover yard work. Many condominiums in Oceanside also allow their owners to keep pets and dogs. As long as the animals’ owners pick them up, it’s usually allowed.
Buying a condo in Oceanside right now has much less competition than a single family home. There is still a demand for condominiums in Oceanside, but not as much as there is for single-family homes. This means that a buyer may actually have the opportunity to purchase a condo for the listed price. Since there will most likely not be as many offers on the condo, this means that the price will not increase. This is a great advantage for the buyer. Also, the price of an Oceanside condo is typically less than that of a single-family home of the same size. Condos are also often much more up to date. They are also much newer most of the time. For the same price as a 20 year old single family home with popcorn ceilings, dated wallpaper in bathrooms, and old carpet that needs replacing, you can find a condo the same size, with new carpet, new tile, hardwood floors new , beautiful granite counter tops and only about 5 years old for the same price.
Often times, an Oceanside condo will also have an attached 2-car garage that leads directly into the unit. Most of them also have community pools and spas that can be used by the owners whenever they want. Many times they will also have a recreation room which may also have pool tables, big screen televisions and many other things for the owners to use if they are having a party or some type of event. With so many benefits of owning an Oceanside condo, it’s strange that offers don’t come as well. Perhaps when more buyers begin to realize that they can buy a much better Oceanside condo for the same price as a single-family home, demand will begin to increase. At this time, there are still many very beautiful condos in Oceanside that are available for purchase.
