Highrise Condos in Sarasota, Florida
There are a variety of Sarasota highrise condos in the downtown area as well as the barrier islands of Longboat Key, Lido Key, and Siesta Key. Highrises typically means 12 to 18 stories. Sarasota isn't like Miami where we build 50 story condo towers. If you enjoy this type of living then explore these downtown condo buildings - 624 Palm 1350 Main, Plaza at Five Points, Beau Ciel, Ritz Carlton, Condo on the Bay, Marina Tower, Kanaya, Alinari, Sarabande, Tessera and The Vue.
Living in a Sarasota condo highrise sounds like such a glamorous carefree lifestyle. As a condominimium owner you may be privy to your choice of great amenities. Condo living spaces are a combination of an apartment life, with the interior comforts of a house. Some people love the idea of condo ownership, while others prefer the hands-on responsibilities of home ownership. Read more about Sarasota highrise condos.
Highrise Condos for Sale in Sarasota FL
One of the most appealing attributes of condo living is general property maintenance like mowing a lawn, pulling weeds, cleaning the pool, trimming trees etc. Your maintenance is taken care of through your condo association dues. According to an experienced condo owner, it is a relief to have the physical labor taken out of the equation of condo living. Most find it less stressful to pay the condo fee rather than taking on such tasks.
While paying the condo fee seems like the perfect solution to avoid grounds maintenance, it could also be troublesome. It is a known fact that some condo owners have fallen behind on their condo fees. If this occurs, the association becomes under funded and the needed maintenance goes undone due to the lack of budget. If the condo association manages a few hundred condominimum buildings, then a hand full of owners who fall behind on fees would not immediately affect the budget.
Another great attraction to Sarasota condo highrise living is that purchasing a condominimium is generally cheaper than buying a house. Now sometimes it may depend on the size of the house, the cost of living or the property values of the neighborhood. In certain high cost markets, obtaining a condo is the more cost-effective option. Comparably, a 2,400 sq.ft. home in a high-end Boston suburb would cost a little over $1 million, while a condo with similar square footage would cost about $775,000.
Along with the cheaper cost of a condo, you must keep in mind that condo fees could run between $100 and $1,000. This could depend on the location of the condo and your choice of luxury amenities or standard accommodations. Should you consider a highrise condo with the top notch amenities such as, a state-of-the-art gym, 24 hour gated security and a spa or swimming pool, the residents are expected to pay for those elaborate extras.
Just as in home ownership, you could be approached with unforeseen expenses. As a contingency, a portion of your condo fees are reserved for funding occasional projects, like exterior painting. If a pipe bursts and the budget cannot cover the expense, the condo association will go to the residents to help cover the expense. This kind of surprise is never pleasant, especially if your personal budget takes a hit.
Be aware that should you decide to sell your condo, it may not be as easy as selling a house. You may end up with a good bit of competition if your neighbors decide to sell their condos with the same amenities. Living closer to your neighbors could be a deal-breaker to those who prefer some land separating them as a home would offer. However, condo living offers a better sense of community with more social opportunities.
Overall, the condo lifestyle is what you make it. So make it count by enjoying the amenities, convenience and the social scene. Most of all, be prepared for the unexpected.