Sandy beaches, perfect weather, or a diverse culture; Miami has it all. It’s one of America’s most popular travel destinations and given all the perks, it also makes it one of the best spots to invest in.
The real estate industry in Miami has been growing consistently for several years now. In fact, over the past ten years, its real estate appreciation rate has been above average and if you pull up any property reports, you’ll see a great +30% increase in the last 5 years.
Almost 70% of demographics are residents. This means you get a great return on investment, regardless of if you choose to rent or just hold and sell. Moreover, the city is extremely landlord-friendly with no caps on security deposits, laws on rent control, and more, which allows you to remain safe and secure.
Considering Where to Invest
The best way to find out the best location for you is to get in touch with an expert who knows the area well and has the knowledge and experience to assist you best. However, sometimes, before you even go to a realtor, you may want to look at a few spots and areas on your own, get a feel for what it has to offer, and then reach out to an agent so you’re able to make a more informed decision.
Some of the best areas in Miami are Sunny Isles, Downtown Miami, Design District, Key Biscayne, and Coral Gables. These have the best and highest appreciating rates so if you’re looking to maximize profits, any out of the above areas are the best to start looking into.
But it’s not easy figuring out the real estate market. You can start with finalizing your target audience, see if you have enough investment capital and the properties that suit your budget, and finally, decide how you’re going to manage your property – on your own, through a property manager, or another route that fits you better.
That being said, your best bet is to get in touch with a realtor who’s reliable and knows the area well. One such expert is Yaima Lamela.
Get In Touch with Yaima
An MBA from the Florida International University, years of experience in the Miami area, and even running her brokerage firm, Prestige Empire Realty, Yaima Lamela is a realtor you can’t pass on. She’s one of the most sought-after in the Miami area and has spent over two decades building up that reputation. With a team of professionals on her side, and numerous projects lined up, Lamela is sure to find you properties that cost you as little as possible while still maximizing your profits. For her, it’s all about listening to her clients and providing them with tailored solutions.
Simply get in touch with her today at www.yaimalamela.com and you’ll have the right expertise to guide you through this whole process!