Miami Beach is a location that is often frequented by tourists and celebrities, but it is also location where houses for sale often sell at a premium because many of them offer ocean views. Many sellers often place a high dollar value just on the view and location of the property and may try to resell the house at an overpriced value. In addition, there are several features of the property that you should also take into consideration before deciding if the houses for sale that you are taking a look at have the potential for good resale value.
To avoid paying too much money for a house that has a pleasant view or in close proximity to the beach, take a look at what other properties are selling for in the area. If the sales prices of the other houses do not match your offer, you may want to renegotiate with the seller for lower price and use your research as justification for the offer.
Landscaping and Lot
When taking a look at the lot, if possible, you want to make sure that it is as level and rectangular in shape. It is best to avoid oddly situated or oddly shaped lots. There should also be a decent front yard and backyard with plenty of space. Although yards seem to be smaller these days we should not choose a yard that is obstructed by overgrown trees, a huge fountain, or any oversized feature.
Garages, Closets, and Laundry
When inspecting a house, make a point to remember that garages add to the resale value. As a rule of thumb, make sure that any property you look at has at least a two-car or three-car garage. The laundry facilities should be located in a convenient place. It is important to consider whether laundry will be carried up and down stairs when carrying loads of laundry if that is a concern for you. For the master bedroom, walk-in closets are extremely popular and all other closets in the house should have plenty of space.
Since much of the activity in the house for families centers around the kitchen, the larger the better. Kitchen should also be included with modern appliances with a dining room and breakfast area located adjacent to the kitchen. It should also be conveniently located to the backyard to provide access for outdoor entertainment and barbecues. The kitchen should also be near the garage so that bringing in groceries is not a chore.
If you are considering buying a home with good resale value then you should not buy a home with a pool already installed. If you intend to resell the house later, some of your potential buyers may be families with small children. Since swimming pools can be a safety hazard, you have the potential to lose many homebuyers and may find it difficult to resell the property. In addition, as a general rule, you will never get a good return on your investment for buying or installing a swimming pool.
Miami Beach has some of the most fantastic homes with good investment potential. Contact us today so we can show you how to find the best deals and get the most out of your Miami Beach investment.