Many buyers wonder why it is necessary to dish out a huge sum of money to invest in real estate, especially in Miami Beach. Despite the availability of affordable foreclosed homes; luxury homes, like a Miami Beach condo offers more in terms of practicality, comfort, and convenience with its expensive price tag.
It’s a common fact that the investment of a Miami Beach condo requires a sizable budget; especially those in beachfront locations with easy access to the ocean. Here are some reasons why, despite its expensive price, Miami Beach condos make for a perfect investment this 2010.
Accommodation as Vacation Home
One of the primary reasons why foreign homebuyers prefer to invest their money on a Miami Beach condo is its potential as a vacation home. Single-family homes and townhouses aren't the only accommodations that will serve as your vacation home every time you visit the city. Condos are deemed to be more luxurious and convenient for tourists due to the services and facilities available to its residents and guests.
Most condos in Miami Beach are conveniently located on the beach or near it. This makes it easy for vacationers to enjoy recreation and relaxation on the white sandy beaches of the Florida coast and dip into its crystal blue waters. Having access to a beach as if it is in your own backyard is true convenient for tourists.
Also, a Miami Beach condo offers services and access to their facilities, like housekeeping and maintenance, 24-hour front desk and security, and more. Facilities commonly found in a condo in Miami Beach includes health and fitness centers, in-house restaurants and bars, entertainment and sports facilities, Concierge, valet and parking, and so on -- all geared towards a comfortable and fun-filled stay in the city.
Investment for Profit
Foreign and local investors have also seen the potential of Miami Beach condo as a profitable investment. Considering its popularity, as well as its location, many turn it into rental homes to target tourists and vacationers looking for luxurious, yet affordable accommodation during their sojourn in the city. Also, its potential for profit in future re-sell is also guaranteed as the market continues to recover from the economic decline that happened to the US a few years back.
William W. Teho, Jr.
Miami Beach Condo
This entry hasn't been re-blogged:
Re-Blogged By Re-Blogged At
Find what you need?
See More Blog PostsAbout Real Estate! SEE MORE NOW!