South Florida is a sufficiently wide and diverse region, what tourists usually know as Miami, it is actually like a city of many cities, distributed throughout the three counties: Miami Dade, Broward and Palm Beach. There are areas that have been developing residentially and commercially for decades, and others, where there is an offer of new projects.
Being close to the beach, or the Bay, as well as Downtown, could dramatically change property values. Likewise as the value of the administration or condominium. Cities like Fort Lauderdale, Miami Beach, South Beach, Brickell, Coral Gables, Doral, Weston, etc. They have their particularities and average costs very well defined by supply and demand. New projects, as well as used ones, have a clearly established reference price, but definitely given the wide offer and at the same time so diverse, the first thing is to establish what our needs, priorities and scope are.
In general, projects with less than 10 years are considered new. Of course, brand new or getting involved in a pre-construction project is an option for many. Deciding what is best depends on the variables and interests of each particular case.
First, it is necessary to evaluate the economic possibilities of facing an investment project. When this is not a problem, the second or parallel thing to evaluate is that interests or conveniences tie you to a particular area. For example, if you want to buy used or new, close to the school zone that interests you. For a family with school-age children, it is best to choose cities and areas where public or private schools are well qualified. In the case of families without children, single people or investors, the ideal is to find properties, new or used that are in cities and areas with high demand, or growth projection. What we know or understand as Miami, is constantly growing and expanding. It is a region projected years in advance. Somehow we can already imagine the Miami of 2020.
The South of Florida, has decades developing, there is in itself, an excellent and wide range of properties for sale, rent, both used, new, under construction or in project.
At PFS Realty, for your peace of mind, we will help you make the best decision. Rely on the expertise of our advisors. We have many years of experience and we know how important it is for you to make the best decision according to your interests and particular case.
A tip that we could give, is to give yourself the opportunity to evaluate the different offers that one city or another can offer. We know that many of our clients have their tastes and preferences clearly defined. Some are looking for a price, others for novelty, others to be in a specific place. While some the well-being for the family group is the faithful of the balance, for others it could be the opportunity and investment cost. Each case is different.
Between new or used, the worst thing is to buy lightly.
At PFS Realty you will find yourself in confidence with a team where talent and experience will play a fundamental role in helping you make the best possible decision. We will support you before, during and after your investment.
Finally we want to leave the tips to make the best decision when choosing between new or used:
- Value of the new or used property, see advantages and costs between one and the other.
- Estimate renovation and repair costs, there are used properties that can be very expensive when repairing damage to sight and hidden.
- Many new residential developments learn from their mistakes, something that many people would not be willing to experience: problems with pipes, electrical installations, humidity, etc. Not everything new is synonymous with warranty.
- There are very good prices if you buy in pre-sale or pre-construction. For many, the time factor is relative.
- Evaluating different opportunities according to your interests and conditions is paramount, for them count on the support of our professional team, at
PFS Realty,
we really want to help you.
