3 Factors to Consider When Buying Condos in South Beach
For anyone looking to purchase a home in Miami, condos in South Beach make excellent options. Condos hold their value, offer a luxurious place to call home and can put you in a prime location to enjoy the beach, the pristine waters of the Atlantic, and the incredible atmosphere of South Beach, Miami. Of course, there are several key factors in your decision, and understanding these is vital to making the best choice in properties.
Factor #1 – Location
Everyone has heard the real estate mantra, “location, location, location”. However, that is far from cliché – the location of the properties you’re considering is a vital factor. When buying in Miami, condos in South Beach need to be vetted based on their location to ensure that you have access to the amenities you want. For instance, you might prefer a condo in SoFi if you love Art Deco architecture. You might prefer a unit on the edge of Biscayne Bay, or the east coast of the island for stunning water views. If you own a yacht, you might prefer a unit on the Intracoastal Waterway for access to docks.
Factor #2 – Property Amenities
When buying in Miami, condos in South Beach should also be vetted based on the amenities they offer on property. You’ll find an incredible number of possible amenities, including swimming pools on site, conference centers, restaurants, covered parking, private elevator access to your unit, daycare facilities on property, beach access, boat slips and docks provided to owners and more. Of course, you’ll find that the more amenities a property offers, the higher the price of ownership will be.
Factor #3 – The Unit Itself
More than the location or the amenities on property, you’ll want to consider the units for sale. When buying in Miami, condos in South Beach should be sorted by the age of the unit, whether any upgrades have been done, as well as the floor plan and square footage. Do you want a corner unit? Would you prefer a flow-through unit? How many balconies do you want? How many bedrooms and bathrooms do you need? Will the unit be a vacation home, or do you plan to move to South Beach permanently?
Each of the areas mentioned above is important in your buying decision. Take your time and make sure that you’re getting the best possible condo to call home.
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