Puerto Rico Condo Living
You're in good company when you consider buying a condominium. People from all walks of life and from every age group, income level, and life style own them.
Most people live in their condominiums full time, but many others buy them as vacation homes or as investments.
Condominium ownership in the United States goes back only to 1958 when the Commonwealth of Puerto Rico passed enabling legislation. Therefore, condominium living is common in Puerto Rico and all types of choices are available.
Condominiums in Puerto Rico are high risers. The smallest one will probably have 10 floors. Each unit is called an apartment. You will find condominiums anywhere in the greater San Juan Metropolitan Area. Many command breathtaking views of city skylines or mountains, or they overlook the ocean. The highest concentration of condominiums are found in Condado and Isla Verde.
Condominiums in these areas are somewhat expensive since they are located on or walking distance to the ocean. A good 2 bedroom, 2 bath apartment can range anywhere between $150,000 to $200,000. Condominiums that are extremely luxurious (marble floors, chandeliers, 24 hour security guard, more than 2 parking per apartment...) are more expensive, ranging between $200,000 to $450,000, and up Condominiums in other areas will not be as expensive, ranging from $90,000 to $150,000.
The great majority of condominiums have swimming pools, 2 parking per apartment, night guard, elevators that require keys, electronic gate to parking lot, etc...