Investing in South Florida Preconstruction real estate

Investing in South Florida preconstruction condos, homes and town houses is not only popular among Americans but also among European real estate investors. Thousands of people move to South Florida each month for a variety of reasons. They may be drawn by employment opportunities. Others like the ocean and the beaches and a resort atmosphere. Many senior citizens retire to Florida to enjoy the warm weather, golf resorts and recreation activities and good healthcare services. All these factors make South Florida a safe place for pre-construction investors both from the short term and long term perspective.

For the last 15-20 years, demand for housing has been strong and steady in South Florida. Demand for new homes, condos and town houses have been even stronger. First time homebuyers, vacation home buyers as well as buy and hold investors want to buy new construction. New construction is preferred because of low maintenance, higher energy efficiency, modern design, and fewer problems caused by weather and insects. In addition, the state of Florida require builders to warranty their work so home buyers feel more safe buying a new home rather than an old one.

South Florida preconstruction investors tend to be more active in Miami, Fort Lauderdale, Miami Beach, Brickell, Bal Harbor, Hollywood and West Palm Beach. However, small towns along I-95 are becoming increasingly popular because families with kids prefer safe areas away from city life. Most of the investors are going for pre-construction condos, town houses or single family homes since the demand is strongest for these types of real estate.