Ocean View Waterfront Condos Around The World

First Published Date: Sep 6, 2010

One of the most popular types of purchases, in real estate, is ocean-view condos. These condos are so popular because they provide stunning views that will make you feel like you are on vacation even though you live on the shores of an ocean. However, there are many things to know with buying condos. First, we will look at the most expensive places to buy an ocean view condo in probably the most popular area to buy an ocean view condo, Central America.

1. The most expensive area to own property in Central America is the coastline of Coco, Hermosa and Papagayo in Costa Rica. The average price of a condo in this area is roughly $340 per square foot, but you get plenty for that price including tennis clubs, golf courses, spas and more. It is a stunning place and you may just see some celebrities if you are owning an ocean view condo in this area.

2. In Flamingo, Costa Rica, you will find condos that are $305 per square foot, but the beaches and amazing sport fishing make it the perfect place to buy an ocean view condo.

3. Ambergris Cave, located in Belize, has nice beaches, wonderful scuba opportunities and the price comes in at $290 per square foot. One benefit of buying an ocean view condo here is that the country is English speaking so you do not have to learn a new language if you move there.

4. Tamarindo in Costa Rica is a hotspot for people who love to surf thanks to the amazing waves. It is also a good place to hike, and to check out wildlife like turtles that nest in the area. The cost for an ocean view condo is $285 per square foot, and for that price you get diving, golfing, night clubs and more.

5. Jaco, also located in Costa Rica, has many great hotels that you can stay in, but it also has very nice ocean view condos that you can buy if you want to stay longer. Plenty of nice restaurants, night clubs, bars and beautiful beaches make the $280 per square foot that you pay completely worth it.

6. In Panama, you will find Bocas Del Toro, which gives ocean view condos for the price of $275 per square foot. There are many islands in this tourist destination and plenty of good surfing opportunities and diving hot spots for someone who just loves the ocean.

7. Also located in Panama is Panama City, which is a financial center for the country and a place that has plenty of infrastructure, beaches and places to go if you live there. It also has a retirement program that will help you live there without paying too much. You can have a condo here for the low price of $265 per square foot.

Now, there are some things to consider when you are buying an ocean view condo, and by this we mean that you should keep in mind both the advantages and disadvantages associated with ocean view condos.

First of all, the disadvantages to ocean view condos.

1. Ocean view condos are expensive, sometimes very expensive depending where you are buying the property. You can end up paying thousands of dollars per month to buy one of these condos, and there are often other taxes you have to pay, including high property taxes. As a result, you may not be able to afford to buy such a condo, but you could probably rent one. Many people choose to retire and then buy an ocean view condo because they can use their savings to pay for the mortgage on the condo, rather than trying to work and pay for their condo while they are living in it.

2. Ocean view condos are in danger from storms. The ocean can create some very powerful storms and that can put you at risk if you have an ocean view condo. Large thunderstorms are common and hurricanes\typhoons\cyclones are also something that you have to worry about because they can do just so much damage to an ocean view condo. In addition, there is the danger of a tidal wave, which are rare but when they do come they do immense damage. All you have to do is look at the damage done by the Indian Ocean Tsunami in 2004.

3. In developing countries, there is the danger of crime at your ocean view condo. Many people in these countries are very poor and they know there is money at these condos. However, this is a very small concern because often the areas with ocean view condos have their own security forces to protect those who live there.

Now, let’s go to the advantages of living in an ocean view condo.

1. First of all, there are amazing views in an ocean view condo and you will wake up in the morning to the sound of the ocean waves hitting the beach. This is an amazing thing to wake up to and something that makes living and paying for an ocean view condo completely worth it. You will be happy you moved into one when you also get to watch the sun go down, or rise, over the ocean.

2. In many countries, there are plenty of tourist attractions and activities that can be found in the area around your ocean view condo, which means you, will have plenty to do when you live in a condo that looks at the ocean.

3. Ocean view condos can be very affordable depending where you buy. These condos can be cheap in places like Southeast Asia and in parts of Central America, where you get constant warm weather, friendly people and beautiful beaches.

4. Speaking of beaches, with an ocean view condo you are always only a few feet away from the ocean and the beach. Any morning you want, you can leave your home, walk 20 feet and check out the various beaches in your area.

When you are buying an ocean view condo, there are some things to consider before you go before hand to buy the condo.

1. First, you need to look at how much you can afford exactly. You do not want to be paying more than you can afford because you will quickly lose your condo. On that same note, you should look at what kind of incentives there are to buying an ocean view condo in the country you are looking at.

2. If you are moving to another country, you must determine what you need to do in order to buy property within a country. You often cannot just buy property, you must meet certain criteria. This can include being married to a citizen of the country, or having to start a Limited Liability Company within the country.

3. Read about the country you are thinking of moving to. Some questions to consider are:

1. Is it a politically stable country?

2. What is the crime rate like in the country?

3. What incentives does the country have for foreign buyers?

4. What is the economy of the country like?

5. How far away is the country?

6. What things do you need to be aware of including diseases in the country?

4. If you cannot go to the country to buy the condo, have someone who can go in your place, or someone in the country you know, look at the place. This is important because you do not want to be scammed into a place that is far too much for the state it is in.

5. On that same note, you should do your research on the real estate agency you are going through to make sure you do not buy a home that does not exist and end up losing tens of thousands of dollars.

Ocean view condos can be a great investment and a great place to live when you are in your twilight years. When you can wake up and see the sun rising on the ocean, you know you have made the right choice and you will be happy you paid the money to live where you are. Just make sure you are aware of the costs you will be paying, where you will be living, things you need to consider and what you need to do in order to buy property within the country of your choice.

Ocean view condos are great places to live and good places to buy, so begin your search today for the home of your dreams that sits upon the ocean.

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