(305)-834-4999

Discover Condo Preconstruction Prices and Advantages

The first time you delve into the real estate market you might be overwhelmed by the wide variety of options available to you. This might be the first time you encounter terms like resale or pre-construction units.

Investing in Eighty Seven Park pre-construction units is very different from investing in a resale unit. The whole process involved is very different and in this article, we will look at this process and what are the advantages of investing in a house that has not it even been constructed.

Advantages of investing in Eighty Seven Park pre-construction

Time flexibility

One of the biggest advantages of investing in a pre-construction unit is that time is on your side unlike the case of a resale unit where the house is already standing and you have to move quickly. A preconstruction unit gives you time to save up and even take some risks.

The commitment time for a resale unit is very fast because once you view the unit and sign up on the papers you’ve already paid off mortgages on a regular basis which might put a serious dent in your finances.

The payment schedule for a pre-construction unit is usually much more flexible and negotiable between you and the developer.

Higher return on investment

The return on investment is dependent on how much you make over and above what you invested in the property. The advantage of a pre-construction property like Eighty Seven Park is that with every development phase, the value of your investment appreciates.

So for individuals investing in Eighty Seven Park with the intention of flipping it over, they have a higher chance of getting higher returns than individuals who invest in a resale unit which has already been occupied before.

Everything is new

Your new home at Eighty Seven Park will come brand-spanking-new from the residence itself to all the equipment that has been installed in the property. Most first-time homeowners will definitely prefer knowing that they’re the first owners their homes and are willing to pay a premium for it.

New facilities tend to give you a longer period of service before they require any kind of maintenance work. The second advantage of new things is that they also come with a warranty that will provide you with adequate protection and replacement within a reasonable amount of time; this reduces the cost of ownership of the property.

A civilized buying process

The process of buying a pre-construction condo at Eighty Seven Park is that it is usually calm and does not involve the heated bidding wars that you typically find when purchasing a resale unit. This is because the house you’re buying has not yet been constructed. So potential owners are not in the same rush as you’d find in the resale market

Pre-construction homes also provide you with a cooling-off period where you can rescind your offer as you think through it and see if it is a good fit for you. So it is definitely to your advantage to invest in Eighty Seven Park pre-construction because you have all the time to review your purchase information with your lawyer, lender, financial advisor, and realtor who will do your due diligence for you.

Better prices than resale units

A home at Eighty Seven Park will be sold at the base price without appreciation costs because it is a pre-construction unit. Resale units are usually subject to Appreciation as is typically the case are home usually appreciate within the first five years so if I invest in a resale house part of the costs will be due to its appreciation.

Basically this means that for the same standard of quality, a preconstruction unit will go for a lower price than an equivalent resale unit.

Customization options

As a homeowner investing in Eighty Seven Park pre-construction, you will be involved in everything from the design phase so you can discuss with a developer and add your inputs on how you want your future home to be. Some of the best options available to you include the layout and the floor plan.

At the design phase, you can agree on other options that you want in your future home. This reduces the future costs associated with renovations usually carried out in a resale unit where the new owner wants a structural adjustment to their home.

Payment options and incentives

The initial cost of ownership of a resale unit is very high because you might be required to put a down payment of as much as up to 20%. Now because the developer wants to clear out as many units as possible they usually provide incentives to attract potential buyers ranging from household appliances to things like additional storage space.

Sales agents of for resale units are rarely motivated to provide incentives to potential buyers.

PLEASE CAREFULLY READ THE FOLLOWING TERMS BEFORE USING THIS WEBSITE. Continued use of the website signifies your acceptance of, and agreement to be bound by, each and every one of the following terms and conditions: This project is being developed by 8701 Collins Development, LLC, a Delaware limited liability company (“Developer"), which has a limited right to use the trademarked names and logos of Terra and Bizzi & Partners Development. Any and all statements, disclosures and/or representations shall be deemed made by Developer and not by Terra and Bizzi Partners & Development and you agree to look solely to Developer (and not to Terra and Bizzi & Partners Development and/or each of their affiliates) with respect to any and all matters relating to the sales and marketing and/or development of the project. This website is provided by Developer for informational purposes and personal use only. Commercial use is strictly prohibited. Access to, and use of, this website is subject to compliance with these terms and all applicable laws. Developer may revise these terms at any time by updating this posting. ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING THE REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. This website is not intended to be an offer to sell, or solicitation to buy, a unit. In no event shall any solicitation, offer or sale be made in, or to residents of, any state or country in which such activity would be unlawful. NOTHING CONTAINED IN THIS WEBSITE IS INTENDED OR SHALL BE DEEMED TO BE AN OFFER TO SELL REAL ESTATE OR REAL ESTATE SECURITIES TO RESIDENTS OF THE STATE OF NEW YORK. IN FURTHERANCE OF THE FOREGOING, DEVELOPER HEREBY DISCLOSES THE FOLLOWING: (A) NEITHER DEVELOPER, NOR ITS PRINCIPAL(S) TAKING PART IN THE PUBLIC OFFERING OR SALE ARE INCORPORATED IN, LOCATED IN, OR RESIDENT IN THE STATE OF NEW YORK, (B) THE OFFERING IS NEITHER MADE IN THE STATE OF NEW YORK NOR MADE TO THE RESIDENTS OF THE STATE OF NEW YORK, (C) THE OFFERING IS NOT DIRECTED TO ANY PERSON OR ENTITY IN THE STATE OF NEW YORK BY, OR ON BEHALF OF, DEVELOPER OR ANYONE ACTING WITH DEVELOPER’S KNOWLEDGE; AND (D) NO OFFERING OR PURCHASE OR SALE OF THE SECURITY OR ANY UNIT SHALL TAKE PLACE AS A RESULT OF THIS OFFERING IN NEW YORK OR WITH A RESIDENT OF THE STATE OF NEW YORK, UNTIL ALL REGISTRATION AND FILING REQUIREMENTS UNDER THE MARTIN ACT AND THE NEW YORK ATTORNEY GENERAL’S REGULATIONS ARE COMPLIED WITH; A WRITTEN EXEMPTION IS OBTAINED PURSUANT TO AN APPLICATION IS GRANTED PURSUANT TO AND IN ACCORDANCE WITH COOPERATIVE POLICY STATEMENTS #1 OR #7; OR A “NO-ACTION” REQUEST IS GRANTED. No real estate broker or salesperson is authorized to make any representations or other statements regarding any Developer project, and no agreements with, deposits paid to or other arrangements made with any real estate broker are or shall be binding on the Developer. All images and designs depicted herein are artist’s conceptual renderings, which are based upon preliminary development plans, and are subject to change without notice. All such materials are not to scale and are shown solely for illustrative purposes. Renderings depict proposed views, which are not identical from each unit. No guarantees or representations whatsoever are made that existing or future views of the project and surrounding areas depicted by artist's conceptual renderings or otherwise described herein, will be provided or, if provided, will be as depicted or described herein. Any view from a unit of from other portions of the property may in the future be limited or eliminated by future development or forces of nature and the Developer in no manner guarantees the continuing existence of any view. Photographs contained on this website may be stock photography or have been taken off-site and are used to depict the spirit of the lifestyle to be achieved rather than any that may exist or that may be proposed, and are merely intended as illustration of the activities and concepts depicted therein. Interior photos shown may depict options and upgrades and are not representative of standard features and may not be available for all model types. All fixtures, furniture and items of finish and decoration of units described herein are for display only and may not to be included with the unit, unless expressly provided in the purchase agreement. All prices, plans, specifications, features, amenities and other descriptions depicted herein are based upon preliminary development plans, and are subject to change without notice. No guarantees or representations whatsoever are made that any plans, features, amenities or facilities will be provided or, if provided, will be of the same type, size, location or nature as depicted or described herein. The sketches, renderings, graphics materials, plans, specifications, terms, conditions and statements contained in this website are proposed only, and the Developer reserves the right to modify, revise or withdraw any or all of the same in its sole discretion and without prior notice. All improvements, designs and construction are subject to first obtaining the appropriate federal, state and local permits and approvals for same. These drawings and depictions are conceptual only and re for the convenience of reference. They should not be relied upon as representations, express or implied, of the final detail of the units. The Developer expressly reserves the right to make modifications, revisions and changes it deeded desirable in its sole and absolute discretion. Stated square footages and dimensions are measured to the exterior boundaries of the exterior walls and the centerline of interior demising walls and in fact vary from the square footage and dimensions that would be determined by using the description and definition of the “Unit” set forth in the Declaration (which generally only includes the interior airspace between the perimeter walls and excludes all interior structural components and other common elements). This method is generally used in sales materials and is provided to allow a prospective buyer to compare the Units with units in other condominium projects that utilize the same method. Measurements of rooms set forth on this floor plan are generally taken at the farthest points of each given room (as if the room were a perfect rectangle), without regard for any cutouts or variations. Accordingly, the area of the actual room will typically be smaller than the product obtained by multiplying the stated length and width. All dimensions are estimates which will vary with actual construction, and all floor plans, specifications and other development plans are subject to change and will not necessarily accurately reflect the final plans and specifications for the development. Prices do not include optional features or premiums for upgraded units. Price changes may occur that are not yet reflected on this website. Buyers should check with the sales center for the most current pricing. The project graphics, renderings and text provided herein are copyrighted works owned by the Developer. All rights reserved. Unauthorized reproduction, display or other dissemination of such materials is strictly prohibited and constitutes copyright infringement. Any dispute arising by virtue of access to or use of this website shall be governed by the laws of the State of Florida without giving effect to any rules of conflicts of law, and shall be subject to the exclusive jurisdiction of the courts of Miami Dade County, Florida, USA. Developer is not responsible for inaccuracies, typographical errors, omissions, product information or advertising contained within this website. Developer reserves the right, at its discretion, to change, modify, add or remove all, or portions of, the website, inclusive of the Disclaimers page, at any time. Continued use of this website indicates acceptance of such rules, changes or modifications. The failure of Terra to exercise or enforce any right or provision of the terms shall not constitute a waiver of such right or provision. If any provision of the terms is found to be invalid by a court of competent jurisdiction, the users of this website (by use) nevertheless agree that the other provisions of the terms shall remain in full force and effect. Any questions regarding these terms should be directed to: info@eightysevenpark.com.