The city of Aventura is located in northeastern Miami-Dade County. The city has a population of around 30,027 residents,and was named "Aventura" because it was the name of one of the earliest condominium developments in the area.
The city was initially developed in the late 1970s and into the 80s as a high-rise residential area by Oxford Development Company. Before that, the area was mostly swampland and was known as "Biscayne Gardens".
Today, the area is a fully-developed urban enclave, with all the amenities of a large and modern city and has a healthy offering of luxury and middle-class real estate developments. Those wishing to buy homes in the area need to know that majority of the real estate offerings here consist of high-rise condominiums, and the smaller piece of the market is filled up by multi-family homes and waterfront estates.
The Condominium Market Is Thriving Here
Condominiums in this city take many shapes and forms, either as attached townhouses, warehouse lofts, high-rise apartments, or others. Basically, a condo adheres to two basic principles: first, each owner owns the interior of their unit and a portion of everything else from the roof and exterior walls to any communal facilities. Second, all unit owners pay dues to fund a homeowner’s association that handles services like maintenance, common-area repairs, insurance, and unpleasant surprises. Most o the real estate developments here consist of high-rise condo developments, and the market here has been booming since the early developments o th elate 70's.
For some condo buyers especially those who do not have kids and couples without kids, these residential types serve as an excellent choice. These residential choices tend be more affordable because they offer residents lower construction costs and shared expenses. Condos also require less maintenance and often have a wide range of amenities that few of us could afford on our own. The downside to owning one however, is that there would be noise, less privacy, and possibly less appreciation when you’re ready to sell them in a few years.
Factors To Consider When Buying Condos Here
- Check The Area's Economic Stability
In general, a healthy mix of residential neighborhoods (property taxes) and businesses usually sets the stage for vibrant, well-funded and thriving communities. On the other hand, boarded-up storefronts, a major employer with an uncertain future, and/or lots of For Sale signs all serve as a warning of a community in decline. Areas that have colleges and government industries are considered to be more stable.
- What Area Amenities Are Present?
In looking for the right place to buy a condo, ask yourself questions like, are there nearby parks and open spaces or chic shops and trendy restaurants? Is your condo in close proximity to libraries, grocery stores, fitness centers or a community center that has all of the above? The best way to find out would be to get a car, drive around and ask the locals what they like and don't like about the area.
- Check Your Commute Time
It's a fact that life could be more frustrating when you ind out that a 15-mile commute to work would actually take an hour on each way, five days a week. In checking exactly how long would it take or you to commute to and from work, drive a few times, for example at 5 p.m. on a rainy day, and ensure your commute doesn't put your blood pressure levels on the fast track towards road rage.
Contact The Author