Upgrades That Add Great Value to Your Commercial Property in South Florida

Responsible commercial property owners need to continue upgrading their units if they desire to benefit from regular rent increases. They need to spend on renovations that add great value to their commercial property without breaking the bank. Some owners spend too much on renovating kitchens and flooring that don’t justify an increase in rental rates. Below are suggested upgrades that today’s renters in South Florida consider top value.

Adding rooftops

For several years now, buyers and renters of homes have become more sensitive to the outdoor space available in a condominium or apartment property. One of the most overlooked types of outdoor spaces is the rooftop. There are many ways to upgrade rooftops such as incorporating sustainable gardens and vegetation that also function as insulation. Creating entertainment and lounging areas on rooftops that showcase chic outdoor furniture is also a great upgrade that justifies the higher price tag. Today’s renters are willing to rent smaller dwelling spaces if the shared outdoor spaces are functional and aesthetically attractive.

Laundry facilities

Recent studies have found that adding laundry facilities to a commercial property boosts rental rates up by $50 to $300 per month. If you don’t have any available budget to purchase and maintain washers and dryers, consider creating a community laundry space your renters can share. Provide dryer hooks and other paraphernalia that make laundry less stressful for them.

Fitness facilities

There has been a move towards healthier living in the past years. It is not surprising to know that a community gym is one of the most highly-demanded amenities in commercial property. Commercial fitness equipment may be expensive, but providing this amenity to your renters justifies a higher rent.

High-speed internet

Nowadays, no one can survive a day without internet. It is no longer considered a luxury, but a basic necessity. In America, as much as 60% of the population either work from home or work remotely. This number is expected to rise in the next few years. If you provide community WiFi in your commercial property, people are more likely to choose your property over others that don’t.

Door upgrades

Believe it or not, door improvements can deliver good return-on-investment options for commercial property investors. Simple upgrades such as painting it another color, replacing hardware, or installing smart locks can add great value in the eyes of your potential renter.

Kitchen and bathroom upgrades

If there are two spaces most frequently used in a home, it’s the kitchen and the bathroom. Kitchen upgrades that commercial property renters consider top value include granite counter tops, tiled kitchen walls, and ample storage spaces. For bathrooms, consider upgrading the vanity and flooring. Keep high quality and style in mind when renovating and designing your bathrooms. Today’s renters are very particular when it comes to bathrooms.

There are numerous ways to upgrade your commercial property in order to generate higher rental income. Remember that in today’s world, both function and style are very important factors to consider when renovating commercial dwelling spaces. As a wise real estate investor, you must maximize your earning potential from each property you own by adding amenities that boost the value of your commercial property.

 

Thanks for reading!Return to home page!

Why Investing in Affordable Housing in South Florida is the Way to Go

Investing in real estate can be a very lucrative endeavor. However, choosing a focus sector when you start your property purchases can spell the difference between average and amazing profits.

One good strategy is to invest in affordable housing with a goal of providing people in a community with nice and cost-effective dwelling spaces. Below are some reasons why investing in affordable housing in South Florida is the way to go.

Lingering income disparity and wealth gap

We continue to observe economies where the gap between the rich and the poor continue to widen. Majority of a country’s income is made by only a minority of the population. This may be a sad fact but it is the truth, and the scenario is seen to stick around in the decades to come.

Some studies have observed that the middle class in America is diminishing, “squashed” either towards the upper class or the poverty line. Unfortunately, more are moving closer towards becoming poor. This trend is seen to benefit the affordable housing segment as more and more people join the population that drives the demand for more economical lodging higher. It would be logical to pour your capital into the affordable housing sector of the real estate industry.

A limited supply of affordable housing in the market

You may not be aware of the fact that affordable housing is in narrow supply, and the future looks bleak when it comes to having more options in this segment. As we know from the simple law of supply and demand, tight supply will naturally drive market prices up.

Properties will naturally appreciate in value under low-supply conditions. Not only will house prices go up, but even rental rates for these dwelling spaces are seen to rise along with it. If you are invested in affordable housing today, you can expect capital growth and increased rental income in the years to come.

In addition, most construction projects you see today involve properties that cater to the grade A/B market class because it gives the best return on investment for construction companies. There are very few affordable housing properties up for grabs, so take advantage of the available supply while it lasts.

Rent demand will continue to stay especially during recessions

Economies and markets follow a cycle, and in that cycle, there is an upswing and a downturn. In times when we experience an economic downturn, the real estate segment that’s most negatively affected is the grade A/B property sector. These are not entry-level houses, and their upkeep requires a good amount of money.

On the other hand, the demand for affordable housing will remain robust even during an economic downturn as a greater number of people switch to cheaper housing options as a response to the slowdown.

In terms of the real estate industry, we can see that investing in the affordable housing sector can become a lucrative venture in the long run. It proves to be a resilient investment even during economic recessions. The advantages are many and demand for it is seen to linger and even grow in the future.

 

Go to my contact form!

The Advantages of South Miami Living

Are you on the hunt for prime South Florida real estate? It is time that you check out one of the best that the state of Florida can offer—go south and discover the pleasant of a location like South Miami. This may be a diminutive community, but it has a charm which made it one of South Florida’s hippest.

South Miami Facts

In the beginning, the rise of the area was on the rather slow side. W.A. Larkin, who founded the area, whelmed a post office and as the community progressed little by little, its distinction as a good location also grew. In 1926, inhabitants of the location voted to make South Miami a city in the Florida state.

One thing about this area is that it comes with rather lopsided limits if you compare it with other cities in the state, even the whole of the country. One reason behind this is that it has been condensed two times. It happened in 1933 then brought about once more in the late 30s. As soon as the city was condensed, lots of residents particularly individuals living in the direction of the city’s northern parts, organized court cases to clear out of the area.

South Miami is tagged as the City of Pleasant Living. This is due to its proximity to the Mexican Bay. The area has a largely tropical climate, and this leads to mostly pleasurable weather. The city is located in Florida and is a part of the Miami-Dade County. It covers a segment of only 2 1/2 square miles. This makes South Miami one of the tiniest city in the state but also all of the US.

South Miami might be small in size however its size was not considered an obstruction in the way of development and progress. When it comes to education, it has a great selection. You can find lots of grades, middle and high schools here. There are also private schools available. The city’s infrastructure has improved immensely at a good rate.

For transportation, the city offers plenty of options for residents, and its quality is equal with any progressive city. Because of the availability of great facilities, the city has acquired thousands of residents. Many love living in the city due to the opportunities it offers, and it has all the good elements that a thriving city presents from excellent school systems, better infrastructure, decent transportation and more.

Investment Highs

Real estate for this area is bouncing back at a high rate. The costs have in fact risen in these times. At present, there are only over 100 properties listed in the area. The standard listing cost begins at $600,000. If you can, look for excellent communities like Sevilla Gardens, Fairglade Park, Davis Highlands, Nuevo Mundo, Gables Edge, Merion Park and Blue Lake.

More and more people are investing in South Miami real estate properties. Consider investing in the area not only today but also think through the future when costs may escalate more. South Miami real estate is thriving and at this time, retains its title as one of the most pleasant places to live in.   

 

Thanks for reading!Return to home page!

The Wonders of South Florida Real Estate

Not a lot of people realize this, but the truth is South Florida has a constant, longstanding flow of revenues which has benefited residents throughout. These days, the economy is booming, and South Florida real estate rates are now considered one of the fast rising in the country.

What Makes South Florida a Great Real Estate Investment?

For those who are not informed, getting involved with South Florida real estate is a great option for owners and investors who want to put forth income for a longstanding period. By making it one of your alternate income resource, South Florida property deals offer a good range of benefits.

One of the most appealing is the tax subsidies which have the power to boost profits. When it comes to income tax deductions, the expenses for insurance, maintenance and screening tenants for the real estate property are brought into it. The expenses for depreciation and mortgage interest are also eligible for the tax deductions.

Real estate property in this area is considered excellent assets. Land, in particular, is believed to be one of the most profitable. If you look at the land rates for the area, these rates are rising every year. This means dual advantages for real estate owners and investors. Firstly, it produces larger quantities of earnings while saving on tax at the same time. This gets done through meeting requirements needed for different tax deductions complying with the government’s taxation conditions.

Secondly, the worth of South Florida real estate market assets, which are definitely rising daily, has a positive influence on the investor’s net worth and this leads to accumulating equity through the years. This also means possessing a property whose rates are constantly rising in value does not cost the owner or investor bigger time investments.

Investing in this Florida location means constant stability because it is not as erratic and changing as the bond or share markets. Even so, there are specific locations which are reasonably consistent. For instance, housing properties whether they are for rent or were bought, are always sought-after. The rising population and a good improvement on the masses’ buying power facilitates them to acquire several real estate properties.

Real estate investors and owners though should be prepared to manage investment for a longstanding period. If they want to understand profits completely, one has to know that it is neither simple to recognize lucrative properties nor to offer them real fast. South Florida real estate investments, just like any other real estate market, needs investors and owners to be patient.

Real estate bids provide individuals the most obvious visions into another individual’s financial investments. You can be assured that a particular investment’s performance will be transparent and exempt from hidden charges.

Lastly, real estate bids give you the most transparent insights into one’s financial investments. One can, therefore, be guaranteed that the performance of such investments will not only be apparent but free from any hidden costs as well.  

 

Go to my contact form!

Three Reasons Why You Should Still Invest in Real Estate in South Florida

Back in the year 2013, purchasing real estate property at a discount was a fairly easy undertaking. Assets were affordable back then, and not many were looking into it. The investment climate has radically changed since then.

Today, throughout the real estate industry, it is typical to stumble over overpriced properties and premium-priced assets that make deal hunting an almost impossible task. Now if you sit and wait for a good deal to be available, you may just have greater chances of winning the lottery.

An investor in real estate cannot successfully predict where the market direction is headed. Although the real estate industry has evolved into what it is today, there are three good reasons why you should still be investing in South Florida.

The importance of creating a consistent discipline and sticking to it

Markets experience peaks and dips, and depending on the scenario, an investor can discern whether he has to be aggressive or defensive. During dips when prices at the bottom of market cycles, investors in real estate should be aggressive. Conversely, when prices are high at market peaks, investors should be defensive. This creates an investment discipline that can benefit any investor in the long run.

It is said that the best investors in real estate do not just sit and wait for the best deal available. Rather, they are smart and regular real property buyers especially during market downturns, disciplined and consistent in their payments, and patient in waiting for the market to reach its peak. They have the ability to create opportunities that others don’t see and profit from it.

Alternative investments are not as simple and reliable as real estate

One of the greatest quotes by Warren Buffet is, “Be fearful when others are greedy, and be greedy when others are fearful.” Industries and markets other than real estate are difficult to predict with accuracy. The stock market, for instance, is a very volatile market. If you’re not well-versed in chart and market analysis, you will be unable to identify the best stocks to purchase, the perfect time to buy them, and the best time to eventually sell them for a profit. Similarly, foreign currency trading also requires some serious education so as not to lose your hard-earned cash because of wild guesses and rumors.

The most recent investment fad is cryptocurrency trading. If you don’t know much about these markets, it would more dangerous for you than profitable. On the other hand, real estate is a fairly direct and simple industry to invest in. Andrew Carnegie once said, “Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in real estate.”

Land is becoming an even scarcer commodity than ever before

We all know that price is driven by supply and demand. Where demand is high, and supply is low, market prices are driven upwards. Since land is a scarce asset/commodity, you can expect its prices to continue to appreciate in time. Mark Twain put it very well when he said, “Buy land, they’re not making it anymore.”

Investing your hard earned money is a serious task, and there is no one way that can guarantee its growth. However, among all available options, the simplest and most reliable means is through real estate.

 

Thanks for reading!Return to home page!

 

Six Things to Consider Before Buying Real Estate Property in South Florida

When someone mentions real estate, what commonly occurs to most of us is something that is of high value, and this value will keep on increasing as time goes by. In real life, it naturally does, but not all the time.

Real estate properties in South Florida vary in value, and they do increase, but depending on the location and other factors, not all of them do. That is why taking a step back to consider a few things is a wise move before jumping into a decision of purchasing a real estate property.

  1. Purpose of the purchase

Is the main purpose of buying the property for personal or business use? Do you intend to use it right away or this is for future use? Asking these questions will help you narrow down your options so that you can save time in choosing the right property based on your need.

  1. Location

Where do you exactly prefer the property to be located? If you have already known about some potential properties, is the location appropriate and accessible for your purpose? Does it meet your requirements for the specific uses that you have in mind?

  1. Price

We always want the best value for our money, and this is a smarter move if I may say. Now that you have established the purpose and preferred location of the property that you are planning to buy, check the price. Does it fit your budget? Is the price reasonable for its location and your purpose?

  1. Condition of the property

If you have found properties that meet your requirements for the purpose, location, and price, do not be too eager to sign that check and part with your money right away. Always bear in mind that there are always flaws in what appears to be a good deal. In most cases, lower prices are associated with the condition of the property.

Make a thorough check if the property is still in good shape when it comes to the quality of its materials and construction. You might think that you have made a good deal in buying a large property at a very low price, but it might turn out to be a large breeding ground for termites instead. You don’t want that. Unless you already planned a general renovation, which would cost extra money of course.

  1. Legal status of the property

Once you are settled and starting to use the property, you won’t like it if there will be other people knocking on your door and claiming the property as theirs too, won’t you? Before signing any documents for the purchase, make sure you have checked the legal status of the property to make sure it is clean and available for purchase.

  1. Future market value

Nobody knows what will happen in the future, that’s for sure. Although you must already have specific plans on how to use the property, it is always possible that you would consider selling it in the future.

Considering its future market value is always a good move so that you will be able to properly plan out in case you are going to place it on the market. It will also help you decide if the property is going to be an asset or will just turn into a liability.

 

Thanks for reading!Return to home page!

Picture-Perfect Projects in South Florida

Imagine that you’re done with the decluttering, cleaning, renovating, beautifying, and everything is set and at the right place. Time for listing, right? Technically, yes. Some homeowners would spend thousands of dollars and hire a professional photographer to take amazing photos of their homes. There’s actually no need for that. Cut your cost and do it yourself! Here are some tips on how to take picture-perfect shots for that winning listing in South Florida.

Camera tricks

A good camera basically does the trick. You don’t need to invest in a professional-grade kit, all you need is a digital camera with at least 10 megapixels. Add in a tripod for steadier and more professional-looking shots. Camera phones are a definite no-no. Although the latest phone models have great cameras, opt for the better output. Save the iPhone shots for selfies for this one.

The secret’s in the styling

Your home may be beautiful, but is it appealing to your target buyers? Charm them with a house that tells a story. Style it in a way that it’s warm and relatable (by adding a few personal knick-knacks and photos of your family in the mix), yet up-to-date and chic (add colors and textures). Time to take out your prized decors and linens from the closet!  

Delight with lighting

Proper lighting is one of the keys to great photos. Believe it or not, it’s not ideal to take photos when the sun is out. An overcast weather is better, with the lights inside turned on. It will give your property that warm, cozy, and homey feel. To avoid overexposing your shots, turn off your camera’s flash.

Find your focus

Does your house have a great view of the sunset or have a roomy kitchen? Make sure that you highlight these features in your photos. Take note that you’re still selling your property, and it’s best to show its strengths through magnificent photos. This will also narrow down your potential buyers, as it will lay out what your house has and doesn’t that fit their requirements.

Edit a bit

Yes, you have the perfect photos, but you can still improve them with a bit of editing. Adjust the color, brightness, or even remove items you think are better to be not included in the shot. There are easy-to-use editing tools available online, or you can ask a friend or family member do it for you.

Show the bigger picture

Do your clients a favor and show them a better view of your home, not just the interiors but also the location. This is one of the biggest considerations when buying a property, and adding this may help you find a new owner. If you have an impressive neighborhood, don’t hesitate to incorporate some shots.

A proper stack of photos can make or break your sale. Just remember that these photos are meant to improve your offer, and your home should back the claims. Let these tips help you get the perfect snaps and score that winning pitch.

 

Go to my contact form!

How to Invest in Real Estate in South Florida When You Have Debt

In America today, the average college graduate often begins his career already burdened with a five-digit student loan debt. Instead of just aiming their focus at establishing their careers, these graduates begin their journey with a financial handicap. Usual student loan amortizations require large monthly payments which linger for many years to come, hindering them from making financial investments such as real estate.

Good Debt vs. Bad Debt

If you are contemplating about real estate investment in South Florida, you should know the difference between “good debt” and “bad debt.” Bad debts are those that incur high-interest rate charges as well as very short payment terms. Examples of bad debts include car loans and credit card debts.

On the other hand, good debts commonly have low-interest rates, long payment terms, and are tax deductible. Investing in real estate may involve debt, but it is “good debt.” This is because you get to deduct your mortgage investment interest from your total tax bill. In addition, you can also gain from the capital growth of the real estate property you purchase, which typically appreciates in value over time.

Robert Kiyosaki once said, “Real estate investing, even on a very small scale, remains a tried and true means of building an individual’s cash flow and wealth.” This said, even if you currently have a debt, you can still invest in real estate. Below are three ways you can do so.

Look out for income-driven repayment schemes.

Existing loans are like red flags that mark your financial resume. The common practice of lenders is they compute your debt-to-income ratio before they lend you any money. Once they see your existing loan, this may automatically disqualify you from a loan, even if it is for the purpose of investing in real estate.

There is such a thing as an income-driven repayment plan where, for a period of time, your monthly payments can be set to $0 per month. During this period of time, you can qualify for a mortgage, despite your existing loan. However, you must ensure that you qualify for this program.

Consider alternative forms of lending.

There are a number of alternative forms of lending you can explore which don’t take your existing loans into account. Some examples are home equity loans, crowdfunding, and private money lenders.

Strategize better ways to deal with your existing debt.

The best way may well be to devise a strategy to proactively pay off your existing loan. Note that if you are only making the minimum monthly payments, it will take you ages before you can make a dent on that loan. Take control of your income and expenses.

Consider being more aggressive in attacking your debt. Work harder, engage in side gigs where you can make an extra buck, and seriously set aside an extra amount of money regularly for the purpose of paying out your loan. The time to save money is NOW.

Remember, “It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” Robert Kiyosaki couldn’t have said it any better. Real estate investment can be one of the best ways to preserve and grow your hard-earned income for generations to come.    

 

Thanks for reading!Return to home page!

South Florida Real Estate is Investment That’s Worth It

People know South Florida as a great party county, but it has other advantageous factors which makes it a go-to location for savvy investors. South Florida is located in the US’ southeastern area. It is referred to as the Tri-County or the Miami Metro area. South Florida is composed of three counties mainly Broward, Miami-Dade, and Palm Beach. These three counties are densely inhabited, with Palm Beach as the smallest. Miami is the biggest city in the area. To date, South Florida’s population totals roughly over 5 million.

South Florida Key Facts

The climate in this area is of the tropical kind—wet and dry. There are also spots which are influenced by damp subtropical climates. Hurricane and set seasons turn up simultaneously due to the area’s location.

In terms of education, South Florida offers one of the best in the state. The area has the Miami-Dade County Public Schools district which comes with its own designated school board. The Superintendent of Schools is primarily responsible for managing the everyday tasks of the school system. There are other school systems in operation as well—the Broward County Public Schools and the School District of Palm Beach County. Meanwhile, higher education is offered by a number of excellent universities and colleges in the area like Florida National University, the University of Miami and the Broward Community College.

South Florida has three airports—the Miami International Airport, the Fort Lauderdale-Hollywood International Airport and the Palm Beach International Airport. For local transportation, the area offers the Metro rail system which spans throughout 22 stations. In addition, the area has five interstate highways which assist the location to sustain excellent assembly with other locations.

The area presents a thriving economy. It now has a good number of public companies with constantly successful operations. The companies offer the most job openings in the area. Roughly a hundred public companies are operating in the area together with 200 private ones. South Florida has lots of companies included in the US’ Fortune 500 list.

An Excellent Real Estate Investment

The area’s real estate is included in the most flourishing in the entire state. Its excellent numbers are not only attributed to the great rise of job opportunities, but the boom is also influenced by the higher rate of external businesses now operating in the location. There is a nice range of real estate that people can check out in the area from residential units, condominiums down to land.

There are currently more than 110,000 properties available in the area. The amount of foreclosures happening in South Florida is high, and it offers owners and investors chances to acquire one. Recent studies show that Broward country was listed second in the country’s foreclosure percentage while Miami-Dade was listed in the fourth position. Palm Beach, in turn, was listed 13th.

If you want to make excellent real estate decisions, now is the time to check out what South Florida has to offer. The area has what it takes for residents to thrive in today’s difficult times—great job opportunities, excellent schooling systems, great weather and prime real estate.

  

 

Thanks for reading!Return to home page!

Five Top Eco-Friendly Features of Today’s Luxury Green Homes

The world needs our help to sustain the environment more than ever. We can’t sit idly by anymore. In just the past few years, the impact of climate change has been so significant that everybody needs to pitch in to prevent more damage. That doesn’t mean you should become an environmental activist. You can do your part at your own home in South Florida.

One of the most effective ways to do so is adding Eco-friendly features if there aren’t any. These have long-term benefits that are sure to support efforts to save the planet. For ideas on how to make your home environment-friendly, here are five of the most popular Eco-friendly features more and more modern luxury green homes have.

  1. Locally sourced, sustainable building materials

Sourcing locally to support sustainability is no longer just a trend among chefs. The real estate industry has been doing it for quite some time now. A lot of construction companies have been using resources that abound in their area. Apart from saving natural resources, it reduces pollution by making supply chains smaller. The shorter the distance builders travel to get raw materials, the smaller their carbon footprint.

  1. Green Hooves

A green roof is basically a roof that has vegetation. It was developed as a way to give high-rises natural beauty while improving their ability to take in carbon dioxide, lessen water runoff, curb heat absorption and serve as habitats for wildlife like birds and insects. It’s now a sustainable living architectural feature of not only many buildings but also a growing number of luxury green homes.    

  1. Geothermal pumps

Installing a geothermal pump at home is a surprisingly effective way to save electricity with virtually no adverse environmental effect. According to the U.S. Department of Energy, geothermal pumps use 25 to as much as 50 percent less electricity than typical water systems. The less the demand for electricity, the less coal or fossil fuel power plants burn to generate it. Geothermal pumps don’t have any outside condensing units, which create emissions, so using one won’t make you produce more air pollution.

  1. Solar panels

Installing some solar panels at home is another great, environment-friendly way to save electricity. A 15-solar panel system can generate three to four kW, which is enough electricity for a single-family home each day. Since it generates virtually no emissions, it will also greatly reduce your carbon footprint in the long run.

  1. Smart home control

Making your home smart isn’t just a cool way to make it more comfortable. It can also make it much more Eco-friendly. For example, you can program its features that can be remotely controlled, like the lighting, the heating or the water, to switch off at certain times of the day. Not using these or leaving them on all day lets you use much less electricity, reducing your impact on the environment.

Windows & Doors

Windows and doors can make a huge difference in heating and cooling costs over the year. This also results in less energy used and a greener home. Our friends over at Impact Windows Fort Lauderdale do an awesome job at installing all types of windows and we give them the highest recommendation. Many of our clients have used them for impact windows and regular windows installation in the area.

With some many ways to make your home green in today’s world, it is a no brainer! It may take an investment upfront, but you will sure get that investment back.

Fighting climate change to save the environment isn’t only measured in press-worthy acts. The efforts to help by average people being done away from the media’s watchful eye give just as much support. It all needs to be a concerted effort for the fight to be truly effective. Play your part by making your home green.

Want to learn more about South Florida?

Go to my contact form!