5 Reasons Why You Should Invest Into Preconstruction Condos in Sunny Isles Beach, Miami Beach and Downtown Miami
- Ground Floor investing! Also known as first-tier or phase 1 pricing. Preconstruction condo developments usually get sold in waves of pricing. If you are lucky enough to be part of the first phase, you can actually save anywhere from 5-10 percent of the final listing price. Simply said, you are getting the best possible price before the building is even build.
- Higher ROI on your investment. The luxury condo market in Sunny Isles Beach is exploding with an apparent never ending stream of South American, European and Eastern European investors, but also New Yorkers for example are flocking to the chic barrier reef island in North Miami Beach and are snapping up properties.
- Faster return on your investment. Because it seems that almost every millionaire in the world wants to own luxury oceanfront property in Sunny Isles Beach, you can resell your pre-construction property to someone who did not know about it when it was first offered.
- Instant equity. Because preconstruction prices are the lowest at any given time of a new development, you'll have instant equity in your asset and need not to wait years until the construction is completed.
- Incentives from the Developer. The reason why developers offer pre-construction investment opportunities is to measure the success of their planned project and to test the market if people are willing and able to commit to their development before it is even build. It also allows the developer to shop for financing of the project, as high demand and reservations during the pre-construction phase indicate to a potential lender that the developer will be able to repay the loan in a timely fashion. For your financial commitment you receive a significant price break from the developer and you will also be able to negotiate incentives, special finishes for example or different layouts at no or very little extra cost.
For investment/second home real estate opportunities in Sunny Isles Beach, Miami Beach and Downtown Miami contact a luxury pre-construction real estate adviser at Brosda and Bentley Realtors so that they can work with you to identify which opportunities are perfect to meet your needs and goals. Brosda and Bentley advisers have the complete overview of all available preconstruction developments in Miami and can also help you to not only negotiate the best possible market price, but also negotiate incentives and tell you if you truly get phase 1 pricing.
The hottest and most anticipated new preconstruction development in Sunny Isles Beach are the Residences by Armani CASA, which went on sale yesterday. As the project is being developed in conjunction by two of the most prominent developers in Miami it is anticipated that reservation agreements will fill up quickly. Call Brosda and Bentley real estate advisers at (786) 363-8551 if you would like to receive more information on Miami preconstruction developments.
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