It could not have come at a more appropriate time than now. There is an influx of new construction homes in Miami. Also, there are pre-construction condos in some of the best neighborhoods. Everyone is looking forward to these latest developments in Miami.
Miami is balancing the insufficient inventory with the all-time high demand. Most marketers go all-out in doing their sales pitches for new properties. Although the selling pace is good, buyers still have much availability. There are several new condo buildings within six months to 1 year of construction. You can still maximize these excellent opportunities.
Why does buying pre-construction or new construction condos in Miami a wise decision? For one, you will lock in the price of your unit at prevailing market rates. If construction prices increase in the future, you will still pay the exact closing costs.
Buying such homes early on will give the buyer the advantage of buying them at lower than market rates. Purchasing homes in advance provides buyers with a 10-15% discount. This is better than paying for a built home after six months.
Finally, when you buy pre-construction homes, it means you are getting a brand-new unit. So, you will never worry about dealing with the concerns or hassles in renovations. This happens when you’re getting an older house.
As a general rule, real estate prices escalate while populations grow. The demand for housing is constant. This means that values will appreciate over time.
Our recommendations for new homes are within a distance and easy access. They are near Miami’s sought-after areas, such as Miami Beach, Brickell, and Coral Gables. You can own and enjoy beautiful, ultra-modern, and comfortable homes. What’s great is that you will never worry about repairs or breakdowns.
To sum it up, here’s a list of the benefits of buying a new home:
• Low Mortgage Payments
Some realtors can negotiate with the developer. Thus, you will save on dollars and pay less on the mortgage.
• With Warranty
Most new homes have a full one-year warranty. Some houses have a 10-year structural warranty and a 2-year warranty for mechanical. So, you and your loved ones can enjoy and live in the house without worries.
• Minimal or No Immediate Maintenance
With the new home – everything will be simple and easy for you as the homeowner. All the appliances, furniture, and fixtures will be brand new.
• Low Insurance Fees
All new and pre-construction homes in Miami come with the latest building codes. Thus, these types of residences command lower insurance rates than older homes.
• Energy Efficient Home = Low Utility Expenses
Costs are about 25% or more for new homes. New construction and pre-construction homes are energy-efficient. What does this mean? These homes have energy-saving features for both electricity and water consumption. Also, they have better insulation and efficient AC and heating systems. Expect lower utility expenses when you have new homes.
If you are ready to take this opportunity now, let us help you. We at BrokerOne can assist and guide you through the process. We will find the BEST unit for your needs.