Should You Buy a Condo? Benefits of Buying a Condo in Ocean City

Is condo ownership the right thing for you? What makes condo living in Ocean City so attractive?

Ryan Haley, broker and owner of Atlantic Shores Sotheby’s International Realty, lets us in on the main reasons many buyers are drawn to condo living in Ocean City. 

After selling real estate for many years and being in a town that’s predominantly filled with condominiums, Ryan has heard the top common reasons why buyers prefer buying a condo at the beach. 

Price

Especially here in Ocean City, you can buy a little piece of the beach at a much lower price by purchasing a condo unit. An oceanblock condominium and an oceanblock single-family home are going to have much different price tags. The condo unit will allow you to experience the beach in a really good location. 

Maintenance Cost

The other advantage is the lower cost associated with exterior maintenance. When you buy a condo, everything from the roof to the parking lot and amenities is covered by the association fees. You will need to pay an association fee, but this is considerably much smaller than having to cover all the expenses for the exterior maintenance of the property. 

Amenities

Another reason people prefer buying a condo is that they get better amenities than if they were to buy a single-family home. You could get a pool or an elevator, which is perfect if you’re concerned about steps, and in some cases, the condo could include a fitness center. 

If you have any questions about real estate, particularly in the Maryland and Delaware markets, please don’t hesitate to give us a call, and we’ll be happy to answer your questions.