Ocean View Norfolk, VA – Waterfront condo sales continue to rise in East Ocean View and Ocean View. Properties along The Chesapeake Bay are extremely popular with home buyers in Norfolk VA. Residents enjoy relaxing on the beach, listening to the surf, dining at local eateries, attending community events, and having front row seats to incredible sunrises and sunsets.
If you are considering purchasing a waterfront condo, you’ll quickly realize there are many great bay front communities in Norfolk VA, and it’s important to work with a Realtor, who knows the area and the condo communities with available properties.
Shannon Allen, Realtor with Judy Boone Realty, the premier ocean view real estate firm, offers additional tips to consider as you begin your waterfront condo search.
Condo Fees / Association Fees
These are fees initiated by the developer and adopted by the condominium association. Fees are generally paid monthly, and your lender will include the association fee when qualifying you for your loan. Fees and what they cover vary depending on the community. For example, most condo fees cover maintenance, landscaping, and the master insurance policy, while others may include water and even cable.
Rules and Regulations
Just as in a home owners associations, condominiums also have written rules and regulations, which apply to all owners. Virginia law requires all condo buyers receive the most current condominium documents, which include the community bylaws.
Pets are allowed in some condos and not in others. Those that allow pets normally have a rule about the weight or the number of pets allowed per unit, and in many communities, all pets must go through board-approval.
If you’re thinking of buying a condo to rent out for the next few years until you’re ready to move to the beach full-time, you’ll want to determine the association rules for both short-term and long-term rentals.
To start your waterfront condo search or to learn more about Norfolk VA real estate, contact Shannon Allen, Realtor, at (757) 647-3126 or firstname.lastname@example.org
Shannon Allen, Realtor
Judy Boone Realty | 809 E Ocean View Ave | Norfolk VA
(Cell) 757-647-3126 |(Office) 757-587-2800