People get involved with the real estate market for a variety of reasons. There is the real estate investor who buys property at Pines Garden Apartments with the sole purpose of flipping it later on at a higher price. Then there is the individual who wants to use their Pines garden apartment as either a primary or secondary home.
An apartment is just like any other asset. A time might come when you deliberately or due to circumstances you need to dispose of it because you need the money. So whether you’re investing in Pines Garden Apartments as a home or to flip it, it is important to consider the features that make it sellable in the future, should it come to that.
Also, consider that Pines Garden Apartments are brand new and will definitely be sold at a premium and so you might pay a higher price for a new apartment than for a resale one but there are benefits that accrue from buying a new property.
Let us now look at some of the things to consider that will affect the resale value when buying an apartment in Miami.
Location
This particular feature applies across the real estate market. It is a key factor in the resale value of a property. The potential buyers of your Pines Garden Apartments are buying into the Miami lifestyle; they want access to the features that make Miami famous such as the beach and the port.
Some investors are very keen on having a beachfront property particularly vacationers or people who want to use the home as a secondary home while others are satisfied with a reasonable commute to the beachfront.
In the event that the property isn’t on the waterfront because after all there’s only so much beach space available, make sure that the property has beach access. Pines Garden Apartments is located in Pembroke Pines which is in a central location and has excellent access ability to both Miami and Fort Lauderdale. It is located close to all major destinations in South Florida due to the excellent service of the major highways.
Another factor to consider due to location and things like the school district and how well-performing it is, accessibility to tourist attractions culture and art centers this will definitely play a big role in enticing potential buyers.
The floor plan
Large, open floor plans like the ones at Pines Garden Apartments command a higher resale value than the older closed small floor plans. The floor that the apartment is located also plays a role in the resale value. Although it might sound counter-intuitive, for an area like Miami the higher the floor the better the resale value because it commands a better view of the skyline and the ocean.
Timing your investments
It is important to time when you purchase your Pines Garden Apartments and when you dispose of it going by reviewing previous market Cycles and familiarizing yourself with historical data will enable you to decide when to do these two transactions of buying or selling. You can also engage the services of a local experienced realtor to give you an edge on making the best investment decision.
Amenities
The amenities in an apartment complex play a large role in the quality of life of the people residing in that apartment complex. Potential buyers will definitely be on the lookout for the amenities that they consider essential for a good quality of life. Pines Garden Apartments has a two-story contemporary clubhouse. It has a well-equipped media room with state-of-the-art audio-visual equipment.
For most residents living in Miami, living a fit and health-conscious lifestyle is important and that is why we have included a state-of-the-art fitness center that is fully equipped with both free weights and machines. We also have yoga, aerobics, and spinning Studios.
Apartment features
Finally, a key consideration is the quality of the apartment itself. Invest in an apartment that has high-end finishing and that incorporates timeless trends including things like tall ceilings, custom cabinetry, and high-quality appliances. These are features that will never go out of style or fashion and they will always command a premium price. It is important to focus on high-value fundamental features like the ones we’ve listed than to focus on features that are necessary and simply inflate the cost of the apartment but might become irrelevant in the years to come.
You might overpay for some features now only to find that some buyers see no value in them and which makes your property hard to sell in the future.
So those are some of our ideas on what to consider if you’re investing in a Pines Garden Apartments for resale.
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