5 Keys to Buying Downtown Miami Real Estate

by Isaac Benmergui, Esq on May 9, 2013

Sunset skylineYou want to be close to the shopping, the fine dining and the nightlife of downtown Miami. You want an ocean view. A condo in the sky. But what do you need to know before you buy such a property in the downtown Miami market?

  1. Find out when the property was built. Although there are many new properties going up in the downtown skyline, many are also older. Knowing the age can give you a clue as to the types of materials used in construction.
  2. Make certain the building is up to code. Wires, plumbing and roofing materials could be hazardous if the property was built before certain safety restrictions were adopted.
  3. Downtown offers an exciting venue with plenty to do at all hours of the day and night. For all of the advantages constant activities offers, downtown can become noisy and crowded during tourist season and special events. Is that something you thrive upon because you want to be part of the action? If you need a balance between noise and serenity, carefully consider the downtown location.
  4. Miami’s location makes it susceptible to hurricanes and other big storms, which may become a consideration if you need to move further inland and abandon your home.
  5. Costs are always a factor and homeowner’s associations can have high fees. Make certain the amenities you’re offered match your interests and use of the facilities.

While this list in not inclusive, it gives you a basic starting point for narrowing your new home choices. Before you sign any contracts; however, call the law offices of Isaac Benmergui to review your closing documents. Attorney Benmergui can help you with your legal real estate needs; call 780-800-2510 or email Isaac@benmerguilaw.com for more information or to set up an appointment today.


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