: Request the last two years of meeting minutes and the current reserve fund balance. A low reserve fund often leads to "special assessments"—sudden, large bills for building repairs like new roofs or elevators.
For more detailed guides, check out the Ultimate Guide to Buying a Condo in Myrtle Beach or Mistakes to Avoid when Purchasing a Condo . The Ultimate Guide to Buying a Condo in Myrtle Beach, SC buying a condo in myrtle beach sc
: In coastal environments, salt air and storms take a toll. Look for signs of concrete spalling or water intrusion in common areas, as these signal upcoming expensive repairs. Popular Neighborhoods : Request the last two years of meeting
: Financing condos in resort areas is different from standard homes. Some buildings are "non-warrantable," meaning they don't qualify for FHA or VA loans, so working with a local lender who knows the specific buildings is vital. The Ultimate Guide to Buying a Condo in
: Oceanfront units have high insurance costs due to hurricane risk. Confirm if the HOA dues include "H06" walls-in coverage or if you need to purchase it separately.
: Never assume you can use Airbnb or VRBO. Some HOAs only allow long-term rentals (30+ days) or require you to use their specific on-site management company.