by Eric Hoien
on Thursday, August 30th, 2018 at 11:59am.
Condos for sale in Okoboji are a great option for all kinds of buyers. Whether you are first-time buyer who appreciates the affordability of this market, a retiree who loves to golf, or you have a family and appreciate the great opportunities for recreation, there are plenty of reasons to move to Okoboji.
Especially if this is your first condo purchase, there are a few things that you will need to consider. Here is our Okoboji condo buyer’s guide.
Is Condo Living Right For Me?
Condo ownership isn’t the same as homeownership. In some ways, owning a home is pretty straightforward. When you buy the property, you own the land and all of the structures upon it. When you invest in a condo, this is not so. With townhome-style properties, buyers are usually just purchasing the structure, not necessarily the shared land. Buyers of apartment-style condos usually pay for only the interior of their condo. Any repair or updates to the outside of the building are paid for using the condo fees that each resident pays a share of. It is important to understand exactly what you are purchasing when you buy a condo.
In most cases, condos are smaller than houses, although there are certainly exceptions to that. For many people, living in a condo involves acclimating or downsizing to a smaller space. If you are a retiree and your children have moved away from home, this might be a welcome change. Likewise, if you a working individual or you have a small family, a condo might be the perfect amount of space. Many condos designs include two or three bedrooms.
It’s important to consider how important outdoor spaces are to you too. If you are the kind of person who loves to host outdoor barbeques and gardens, you might need to tailor your search to condos of the townhome variety (these are usually accompanied by a yard).
One of the major reasons that Okoboji condos appeal to so many of the buyers in the area, is the price. Condos tend to be some of the most affordable properties in the area. Okoboji condos for sale begin in value at around $100,000. On the high end of the market, lakefront luxury properties can sell for upwards of $700,000. Because there is such a wide range of prices, most buyers will find that an Okoboji condo fits into their budget.
New or Old?
When you embark on your Okoboji condo search, one of the things you might want to consider is whether you will be investing in a new or old condo. There are pros and cons to both. New condos tend to be free of the problems accompanied by old age. Having that said, depending on what stage of the home building process that you buy your home, it may be some time before you are able to move in. One of the most exciting aspects of buying a new home is the ability to work with the builder to craft the condo of your dreams. For many buyers, the process of designing their home is an exciting one, however, the process can be time consuming and stressful for some. When you choose to invest in an older home, you will find that these challenges aren’t a problem. The home that you see and like is the home you will be purchasing.
Where Should I Buy a Condo in Okoboji?
Avid golfers should know that the Inn Golf Course and the Brooks National Golf Club are both located centrally. This means that many Okoboji condos are only minutes from the fairways. If golfing is your passion you might want to consider a golf home.
With West Okoboji Lake and East Okoboji Lake flanking the town, most residents will find that they are near to at least one of the lakes where they can swim, boat, or fish. The most exclusive properties in this market tend to overlook the water. Residents on the water enjoy easy access to the marina where they can keep their boat.
What is the Lifestyle Like in Okoboji?
Okoboji owes its popularity to the wealth of recreation options that can be found throughout the area. Buyers of Okoboji condos will find that life has the potential to be full of afternoons on the lake, days on the fairways, weekends exploring nature preserves and state parks, and meals at highly rated restaurants. A great range of shops ensure that residents have everything they need, and a great range of services ensure that everyone between the age of one and one hundred and one will find plenty in Okoboji to keep them busy.
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To begin your search for Okoboji condos, register with the Hoien Realty Team. Our website includes advanced search features that enable you to narrow results by number of bedrooms, location, and price. For more information about buying Okoboji real estate, connect with one of our real estate experts. We will be happy to assist you.
The information being provided by the Iowa Great Lakes Board of REALTORS® is exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
Listing information last updated on July 11th, 2020 at 11:13am CDT.