Miami is one of the most attractive places when it comes to choosing a place to move to. It also looks like a place that can offer amazing real estate deals, and as you would expect, it does. But just like with any other city, you can’t just buy the first thing you think if good for you. There are a few considerations that you’ll need to make before you decide to drain your bank account.
1. Pick the proper neighborhood
Regardless of the city in which you are trying to buy property, the neighborhood it is located in is quite important, especially if you’re buying a place for business or living. As a general rule of thumb, you should pick your new neighborhood based on, well, you guessed it – your own character.
Miami has a few of those so if you’re moving there with your family, you should consider Coral Gables, Coconut Grove, South Miami, Kendall, Pinecrest and Cutler Bay.
The bachelors among you might be more inclined to look into properties that are located in South Beach as that is where the best party spots are even though most of Miami is probably a good pick for partying anyway.
2. Pick a realtor to guide you
As each state has their own laws regarding buying and renting properties, so does Florida. Renting a condo in Miami seems like a rather lengthy and complicated process if you are doing it on your own. A realtor is going to make the whole process go a lot smoother and less daunting for you, so if you choose to rent or buy a condo at One Thousand Museum or any of the other prime spots in Miami, don’t do it on your own. Make things easier for you by having someone experience to guide you along the way.
3. Hurricane Warning
For all of the amazing things that Miami offers, it also comes with a huge warning label. Ask anyone from over there and they will tell you there are only two seasons in Miami. Hurricanes and no-hurricanes. Of course, that means most homes in Miami are susceptible to flooding but it makes a world of difference whether the property you choose is prepared for that or not. Don’t forget to ask whether the property is hurricane-proof and be sure to check if all of what they tell you is true.
4. Disco, Disco! Party, Party!
Even though most people are well aware that Miami is a very popular party spot with lots of festivals and events throughout the entire year, you should not overlook this when hunting for property. Do you prefer the piece and quiet of Coral Gables and Coconut Grove or do you want your property to have easier access to everything that is going down in Miami? Then pick Downtown.