White Water Realty has been the most trusted provider of condos for sale in Dana Point since 1979. We are passionate about finding our clients the right property to owner and enjoy giving guidance throughout the buying process. Our offices are situated in beautiful Downtown San Clemente, making us knowledgeable of the real estate marketing covering Southern Orange County, including the cities of San Clemente, San Juan Capistrano, Laguna Beach and Mission Viejo. In addition to assisting you with condos for sale, we also represent sellers, renters and property owners.
Condos,Townhomes and Single Family Homes
If you are beginning your search for condos for sale in Dana Point, you may be confused about all the terms used in real estate. Condos, townhomes and single family homes may sound like foreign words if you are new to the real estate world. Here, we break down each type of property. Condos, also called condominiums, are a type of housing that is part of a larger property. They are most similar to apartments but are individually owned unlike an apartment complex which is owned by a single owner or investment group. The homeowner only owns the actual dwelling but all common areas such as walkways and outdoor spaces are commonly owned by all the residents.
Townhomes are individual homes that are placed side-by-side with one or two walls of the house shared with adjacent homes. Typically, townhome owners also own the property on which their home sits.
A single family home refers to a home that shares no common walls with any neighbors. Owners of a single family home also own the parcel of land that their home sits on.
Most condos and townhomes are part of an association and collection homeowners association fees also known as HOAs. These fees help to cover the expenses of maintenance and repairs. Many condos and townhomes offer amenities such as a pool, tennis courts, fitness center or business center.
What is right for you?
How do you know which type of property is right for you and your family? Simply put, condos are typically less expensive than townhomes and townhomes are typically less expensive than single family homes. It is important to evaluate your financial standing before you start searching for condos for sale in Dana Point. There are many home buyer programs but most will require a downpayment of at least 3-5% of the purchase price. A second question you should ask yourself is how long you intend to stay in your new home. If it is less than two years, you may want to consider what other options you may have. There is no guarantee that you will be able to recoup your investment.
Additionally, how do you envision your lifestyle over the next few years? Single family homes will typically cost more and also require more maintenance. Owning a townhome or condo will require significantly less work.
Why White Water Realty?
At White Water Realty, we love guiding our clients through the buying or selling process. Our mission is to provide you with the best and most reliable information to help you make your decision. Contact us today to start your search for condos for sale in Dana Point.