Beware: Pitfalls of Buying a Condo in South Florida

  I get it; it sounds pessimistic, but stick with me. South Florida's condo landscape is grappling with soaring fees, driven by two critical factors.

   - Factor #1: Some condos skimp on insurance, a dangerous cost-cutting measure. However, change is looming. Remember, your condo fee includes insurance costs. Any uptick in insurance rates means a direct increase in your fee.

   - Factor #2: Insufficient reserves in condo buildings are a red flag. But fear not; rectification is on the horizon. Brace yourself; when it happens, expect your condo fee to skyrocket.

   Be prepared for potential monthly increases in the hundreds. Intrigued? DM me "CONDO" for further insights.