FACTORS TO CONSIDER WHEN INVESTING IN HIGH-END REAL ESTATE

FACTORS TO CONSIDER WHEN INVESTING IN HIGH-END REAL ESTATE

FACTORS TO CONSIDER WHEN INVESTING IN HIGH-END REAL ESTATE
 

Have you been considering an investment in high-end real estate? There are many different investment strategies that could factor into your decision to purchase a high-end property. As opposed to the traditional market home, high-end real estate provides a unique opportunity to establish a trademark family gathering place, and the right real estate investment can be an asset for generations. Whether you’re interested in purchasing your second or third home, investing in a high-end property for rental purposes or simply learning more about the process, there are a lot of different ways to make the most of the market.

QUESTIONS TO ASK IF YOU ARE THINKING OF INVESTING IN HIGH-END REAL ESTATE

There isn’t one specific investment strategy that leads buyers to purchase a high-end home. It could be a strategy to pass wealth down to the next generation, a source of rental income or a purchase in hopes of selling later at a higher price. If you’re thinking about investing in high-end real estate but not quite sure if you should take the plunge, these questions can bring clarity to the decision.

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Miami, state to partner on 30-acre park under I-395

signature bridge

The City of Miami is preparing to partner with the Florida Department of Transportation (FDOT) in the development of the space under I-395 in Downtown Miami.

Legislation to approve the first agreement is scheduled for today’s (2/28) city commission meeting.

Last fall, FDOT’s James Wolfe met with commissioners and announced the start of construction on the long-awaited I-395/SR 836/I-95 project, including a “signature bridge” near the Adrienne Arsht Center.

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Yet Another Section Of Beachwalk Now Open In Miami Beach, With More Coming In Months

Miami Beach is one step closer to its goal of a continuous pedestrian path spanning the entire length of the city, after another section of beachwalk opened last week in South Beach.

For now, the beachwalk spans from South Pointe Park to 46th street, with the city opening a new section from 3rd to 5th street (part of that path is a wooden boardwalk).

Earlier this year, the city opened 11 new blocks of beachwalk at 53rd Street. That path now runs from 53rd to 79th Street.

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Brickell 2007 Vs. Brickell 2018 – See How Fast The Skyline Has Transformed

In 2007, Google sent their Street View car to photograph Brickell, which was nearing the end of a construction boom.

Those photographs show what appeared to be a somewhat sleepy area being transformed. High rises were sprouting across the landscape, including two at 500 Brickell, and three at Icon Brickell across the street. Also under construction were three towers at the Riverfront complex – Wind, Mint, and Ivy, with recently completed developments including the twin-tower Plaza at Brickell complex, the twin-tower Brickell on the River, twin towers at the 1060 Brickell complex, and the Four Seasons tower (completed four years earlier in 2003).

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FHA loan limits increased for 2019

WASHINGTON – Dec. 17, 2018 – The Federal Housing Administration (FHA) announced the agency’s new schedule of loan limits for 2019, with most areas in the country to experience an increase in loan limits in the coming year. These loan limits are effective for FHA case numbers assigned on or after Jan. 1, 2019 and mirror earlier limits announced by the Federal Housing Finance Administration (FHFA).

In high-cost areas of the country, FHA’s loan limit ceiling will increase to $726,525 from $679,650. FHA will also increase its floor to $314,827 from $294,515.

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