If you are searching through Miami neighborhoods, looking for a property you’d like to invest in, you may be intimidated by the laundry list of options. Of the 25 neighborhoods in the city, there are several that stick out in terms of property value. Let’s have a look at a few.

Wynwood

This neighborhood boasts a trendy, chic, artsy feel, feeling more like a ginormous art piece rather than an actual residential area. Wynwood has been an up-and-coming area for some time now, growing more and more with its selection of shops, cafes, art galleries and museums. Properties in Wynwood are priced lower than many other Miami neighborhoods, with potential to tap into rent. Rent costs sit at an average of $2,400 per month in Wynwood.

Miami Design

Located in the northern section of Wynwood, Miami Design is a completely refurbished area, which was once littered with worn-out houses and warehouses, stunting the value of the area. The neighborhood now contains a shopping area with luxury shops, and rental prices are appreciating in value as time goes on. Get in on the ground floor now!

Bayshore

An up-and-coming neighborhood, Bayshore has seen high levels of real estate appreciation recently, and that’s mostly due to the increasing rent prices while the price per square foot stays around the same amount. According to a review of the neighborhood, prices dropped in 2017, creating an opportunity to invest at a lower entry cost.

Beverly Terrace

Located east of Wynwood and close to the waterfront, this neighborhood is also seeing large amounts of refurbishment and rebuilding. New homes as well as high-rise condominium complexes are sprouting up, supporting Beverly Terrace and creating a fresh, new place to be able to call home. Rental rates are approaching $2,000 a month, and two-bedroom units can be purchased for anywhere between $300,000 and $600,000.

Miami’s growth, both in economy and residential space, doesn’t show any signs of stopping. If you want to get in on the ground level of the flourishing real estate market, don’t hesitate to do so!

CMC Group is one of the top luxury real estate developers in Miami and South Florida. Visit us online or contact us at 305-372-0550 today!

Condominiums are a great option for you if you don’t want to have the hassle of owning your own home on your own property. You are part of a unit and thus, the utility costs are almost always lower than living on your own. Why say no? Let’s take a look at some benefits to owning condos over a home!

More Affordable

The first factor you should consider when buying or renting a place to live is the price. Condominiums are often lower in cost than a single family home and have potential to be partially rented out in several years from the purchase date. Saving money is never a bad idea when the quality of condos closely follows that of a standalone house.

Included Maintenance

Since the condominium is located alongside other properties all managed by one person or team of managers, the maintenance of the grounds or the exterior unit is not in your hands. This spares you the hard work and hassle of having to tend to your property, and you can rest easy knowing your lawn is cut and your leaks are fixed while you enjoy your free time doing what you love.

Amenities and Community

Condo units usually have amenities that tenants can take advantage of, such as pools or indoor gyms. These amenities are often included into the rent and are more economical than if you were to invest in them yourself after purchasing a home. Besides these advantages, you can enjoy your neighbors’ presence and have a comfortable sense of community. Having reliable neighbors can be one of the benefits of living so close by others on your floor.

Location

Oftentimes, you will find condominium complexes in large cities or towns, in areas where there’s lots going on. A tenant can enjoy restaurants, shopping, and entertainment, adding to the condo’s convenience.

Safety

Condo complexes include their own security, which ensures that you and your property will be kept safe 24/7. Whether you are going to work, heading out for the night with friends or going on vacation for a week, your property will be under constant surveillance. Certain safety measures seen in complexes include gated entrances, doormen, or patrolling security personnel.

CMC Group is one of the top luxury real estate developers in Miami and South Florida. Visit us online or contact us at 305-372-0550 today!