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Updated about 1 year ago,
is pre-construction investment a good idea in SE. Florida?
There's no doubt South Florida continues to be a hot market. The demand to move to a place with great weather (if you enjoy sweat down your face ), a lot of business opportunities, great hospitality and amazing food.
There are great opportunities in pre-construction that you can save up to 30% of the finished product, and preference. The primary benefit of investing in preconstruction condo projects is that it offers the purchaser the ability to leverage a large asset with a relatively small amount of money (typically 10 to 20%) and enjoy the real estate appreciation of the property over time without the carrying costs, such as interest and taxes.
Choosing the right neighborhood and project comes down to lifestyle and budget. Each neighborhood and condo building has its benefits.
Here are a few of my favorite projects:
Aria Reserve & Bentley Residence