Purchasing a home is hard enough with good credit, but buying a home with bad credit might seem virtually impossible. After all, a bad rating influences your creditworthiness in numerous ways. Every lender, particularly one who lends you money for a home purchase, reviews your credit score to establish your diligence in paying bills and the amount you owe currently.

A lender’s major concern is the possibility of default and your capacity to repay the loan. As such, lenders use your report to help establish these factors. If you’re looking to invest in Eighty Seven Park condos for sale but are worried about your credit, here’s a list of tips to help you achieve your goal.

Consider a cosigner

If one of your family members is ready to go in on the property with you, they can cosign on the loan to fund the purchase of Eighty Seven Park Miami. Essentially, the cosigner will vouch for your credibility, and in the event that you don’t fulfill the mortgage payments, they’ll be liable for them.

Once you find a cosigner, the lender will examine their credit too. If the credit is good enough, it might be possible to secure a loan that you wouldn’t otherwise have qualified for on your own. You shouldn’t get a cosigner if you doubt your capacity to fulfill the payments.

In case you fall behind payments, you’ll put a financial strain on the cosigner and could possibly destroy your relationship. Before you consider a loan application, it’s imperative you have a sit-down with the cosigner and discuss the agreement’s terms and what would occur in the event that you were unable to make the payments.

Save for a Bigger Down Payment

At times, your credit is part of the issue. What could make it more difficult are the rules regarding the debt-to-income ratio? Lenders want to ensure you use less than 43% of your revenue for all debt repayment. That comprises your credit card debt and any others you might have.

Therefore, you’re better off paying your debts first. In the event that the mortgage payment still surpasses 43%, you should start saving. With a bigger down payment, you’ll have to borrow less; this will reduce your loan payments and could give lenders more grounds to look positively on your loan.

You should aim for at least 20% down payment if you’re looking to invest in Eighty Seven Park pre-construction. This won’t just give you a better opportunity of securing a mortgage. You could avoid paying for private mortgage insurance, hence decreasing your payments further.

Shop Around

The meaning of poor credit is rather arbitrary. A number of lenders might define bad credit as any score below 630 while others might apply the label to anybody with a score below 650. For this reason, you should shop around and see whether other lenders are ready to give you a better deal.

It’s imperative you submit all your applications as close as possible. Every application generates a hard inquiry on your report, which decreases your score by a couple of points. Nevertheless, scoring models usually count all inquiries that occur in a 45-day period as one inquiry. Therefore, loan shopping won’t affect you as much.

Obtain an FHA Loan

FHA loans usually have looser credit prerequisites and they need smaller down payments than conventional mortgage loans. If your score is more than 580, you can put down as little as 3.5% at closing.

You could still secure an FHA loan if you a score as low as 500. However, you must have 10% down payment if the score is below 580. Your lender might also cover closing expenses on an FHA loan. However, you’ll typically incur a higher interest rate over the mortgage’s lifetime. Additionally, you’ll need to pay private mortgage insurance if you have less than 20% down payment.

Confirm with your credit union or local bank whether it issues FHA loans and inquire about the amount you can expect to pay monthly and at closing.

Improve Your Credit Score

Enhancing your score is an obvious means of securing a low-credit mortgage, but it doesn’t imply it’s unimportant. Actually, upgrading your score is crucial. Moreover, it could increase your chances of securing a good mortgage deal considerably.

Consequently, it’s advisable to examine your credit score with the three major bureaus before you start your mortgage search. Six months will give you sufficient time to improve and have a stronger score. Once you obtain your report, we recommend you scan and watch for any mistakes and report any discrepancies to the reporting bureau that has provided the information. Make sure you find areas for growth opportunities such as paying the new debt and handling old debt.

If you’re looking to invest in Eighty Seven Park but are concerned about your credit score, there’s hope. Various options exist when it comes to purchasing a home with a bad score.

There’s no denying that buying a condo is a good investment. Whether you’re looking for a new home for yourself, or somewhere to rent out to others, a good condo will give you the best return for your money. How do you find a condo that will be a good investment for you? Here’s how to spot the right homes.

Location, Location, Location

Where is the condo located? It may be perfect, but if the home isn’t in just the right spot, then it’s not the right home for you. The perfect location very much depends upon you and your needs. You may need to be near good schools for your children, or you may want to be right in the heart of the city, in the middle of everything. Only you know what you need.

If you’re looking to rent out a condo, then think about the tenants you’re hoping to attract. If you’re looking for professional couples, then a condo right near good nightlife and restaurants is a must. If you’re looking for families, then you’ll want a home near nature and areas where children can play. For example, the Eighty Seven Park condos for sale are right on the waterfront, making them perfect for anyone who loves the water.

Rental Caps

If you’re looking at buying a condo for rent, you need to know that some complexes have a rental cap. That means that only so many of the units can be bought to be rented out. In some cases, complexes will not allow their units to be rented out at all. Before you think about buying a place, you need to find out if this is true for this complex.

Long Term Value

As a general rule of thumb, a condo will appreciate in value slower than a regular home. This needs to be taken into consideration when you’re buying a condo. Are you planning on living in the condo for a long time? If you are, then you can enjoy the home while you wait for it to appreciate. If you’re looking for a home you can buy and then sell on fairly quickly for a profit, then this may not be the investment you want to make.

Amenities On Offer

These days, what gives a condo complex its value is the amenities it has on offer. A regular apartment complex has the swimming pool and maybe a gym, but that’s probably it. A condo development, on the other hand, will have more. Developers are looking to outdo each other in terms of luxury and style, so all sorts of things are being offered. This includes, but is not limited to, fitness classes, home working centers, and even bars and retail stores on property.

Again, let’s take Eighty Seven Park as an example. A small list of their available amenities includes botanical exhibitions, a butler service, a wine bar, a full-service spa, and more. These are unique features that you won’t find at any other complex. If these are things that interest you, then a condo here will be a good investment for you.

An Active HOA

Most condo complexes will have an HOA, which takes care of maintenance issues and the day to day care of the development as a whole. When you’re looking at potential complexes, make sure you’re looking at how active the HOA is. Are they active in addressing problems as they arise? What’s their budget like for improvements? You can find this out by checking out documents like the HOA board minutes, which you can get if you request them.

Purchase Costs

You’ll need to consider the costs involved in buying your condo, to see if it’s a good investment. You don’t want to pour all your money into the home, only to find that you won’t get it back when its time to sell. Also, if you pay out too much for a rental property, you may find that rental rates won’t cover what you’re paying on the home loan.

There are a few ways to check the value of a condo before you buy it. The right condo is an excellent investment, whether you’re looking to live in it or rent it out. Take your time when you’re looking, and you’ll spot the one that’s right for you.

So you decided to make the move from a single-family unit to a condo as thousands of Americans do every single year. But the move seems overwhelming and confusing because your new house not only doesn’t have its own lot but is actually on top of another one. You have a different floor plan to contend with and that large front yard and the backyard no longer existent.

Eighty Seven Park condos are indeed very spacious but the orientation of your new condo may mean that you cannot carry everything with you to your new house. You will definitely have to contend with a smaller space because you will no longer need nor be able to store your drivable lawnmower.

This may not be the only problem your face so in this article we have discussed a number of tips that will assist you to downsize in your move from a family unit to an Eighty Seven Park condo.

Consider the floor plan of your Eighty Seven Park condo

At Eighty Seven Park condominiums, our floor plans are available for the examination of our future homeowners. The orientation and nature of the floor plan whether it is open or closed will affect the layout of your new condominium. You can use this floor plan and renderings to map out where the items of your home will go.

And by the way, this is something that you do in your old house so don’t carry your old furniture before making sure that you can fit in your new condominium. The dimensions of the apartment will be on the plan so you can reference them against the actual measurements of your old furniture.

If your old furniture does not fit you should find alternative storage for it rather than carrying it to Eighty Seven Park condo only to find that it doesn’t fit.

Go through your possessions

You will need to go through all your possessions from your family unit before transferring them to your condo. Make a list of the items that you need and then prioritize these items on which ones have to go and which ones would have to stay. Condominiums are generally limited in space so you may not carry all your dressers and have to select one only and leave the other just as an example.

One useful way of prioritizing your possessions is by looking at the number of times you’ve used it in the past couple of months. If you haven’t used it in a long duration then it is clear that it is not a priority and you don’t need to carry it to Eighty Seven Park.

Declutter

The appearance of your new condo is highly dependent on your organization. Trying to fit in everything into a new home will lead to clutter. You may think about your son’s art projects that he did when he was in fourth grade and he is now done with college is something you need to carry, you’re wrong.  It only has sentimental value to you and not to him, such things you should leave behind.

Confirm if they will fit

To avoid the inconvenience and delays in trying to figure out where to take an oversized item then use the plan of the condo to find a similar room in your house and see if the item will be a good fit. This is also important to give you a good visualization of how well item will look good in your new Eighty Seven Park home.

Disposal

It is important to have a plan on how you will dispose of items that you did not intend to carry to your Eighty Seven Park home. You can sell off items to give you a head start of hundreds or maybe thousands of dollars. This money may help you start up and even contribute to your condo fees.

What is available in your condo

Your new home may come equipped with certain facilities already built-in. You may not need to carry your treadmill and other large gym equipment if these are already available at the communal gym because you may use the valuable space at your new home to store items you do not need.

It can be overwhelming letting go of items you grown attached to over the years but taking this step will lead to a better quality of life in your new condominium.

Senior people living at Eighty Seven Park continue to enjoy the same independent living they could when they were much younger and living in single-family units. These housing changes are necessary because condominiums are more ideal than single-family units as one gets along in age.

A well-designed condominium like Eighty Seven Park let’s healthy, active seniors reside and stay in the condominiums for the rest of their lives even as their mobility reduces as they get along in age.

Why the Housing change?

Before we look at how innovation and technology to help seniors living in condos, the fundamental reason why it is better to live in a condo than a single-family unit for an elderly individual is that condominiums are inherently less maintenance intensive than single-family units.

A lot of the exterior maintenance work of a complex like Eighty Seven Park is carried out by the management company. The major part of all the chores and renovation work and carried out by individuals living in single-family units would be done by a management company.

Secondly, most condominiums are a single story unit, making it easier for the elderly with reduced mobility to still move freely within their home.

Innovations that assist the elderly living in condos

In house Renovations

Modifications can be carried out on elderly housing to help the resident stay in their home longer. Open floor plans with wide spaces make it easier for an individual confined to a wheelchair to still navigate within their home. For the Eighty Seven Park condominium, the expansive space of the residence allows wheelchair mobility.

Elderly residents with inhibited mobility can request the renovation of the home to include facilities such as grab bars on both sides of the toilet and showers to assist them while using these facilities. And innovation like walk-in showers can also be modified to allow rolling in on wheelchairs. Another modification includes a fold-down seat in the chair to assist an individual to take a shower while seated.

Wearable Technologies

Technology has evolved to a point where advanced systems can be incorporated into a small device like a smart-watch or an app on a smartphone. These devices and applications include programmable reminders to alert the elderly on important tasks that they would normally forget.

Reminders might include doctor’s appointments, medication, and other common tasks. The smart systems include vitals monitoring which tracks parameters like blood pressure and alert first responders when these parameters are at a critical level.

Voice activation and smart homes

With reduced mobility, one thing the elderly will definitely appreciate is getting things done without having to physically move. Devices that can be commanded with sound reduce the need for an individual to move from where they are. An example of voice-activated technology is Alexa, which can be used to control lights, appliances, door locks, and other devices in a smart home.

Assistive Technologies

This is a term used to refer to technologies that assist people who are unable to carry out daily activities. They assist individuals with mobility impairments, visual impairments, hearing impairments, and Cognitive Impairments. And also include personal emergency response systems, accessibility software.

There are a lot of devices out there that still allow the elderly to be very independent and carry out their daily activities without the assistance of other people.

With a lot of information now being stored on digital devices, even individuals with impaired vision can access this information through screen readers that convert the displayed information into audio that individual can now consume.

Assistive technologies are also available to enhance the vision of the visually impaired. Technology such as NuEyes allows the elderly to wear a headset that projects an enhanced image of their surroundings.

Mobility impairment is no longer a deterrent for the elderly. Battery technology has improved so much over the years that compact battery systems can be placed in highly sophisticated wheelchairs which are also equipped with obstacle sensors and highly sensitive navigation systems. So provided that the residence has wide spaces like the Eighty Seven Park, then assisted mobility on a wheelchair should not be an issue.

Finally, condominium management software that keeps track and stores information pertaining to the condominium management can be linked to these Technologies notifying the elderly of pertinent information. So life for the elderly in a modern condominium is now of a higher quality thanks to innovation.

Eighty-Seven Park is a luxurious condo-establishment designed by Renzo Piano. As a world-renowned architect and builder, Piano envisioned a complex with elements of air, light and contemporary design intertwined with modern amenities. The result is a vibrant, energetic mid-rise with estate-quality units and plenty of high-end features. Eighty-Seven Park pre-construction condos feature exquisite apartment features blended with traditional home living benefits. From spacious rooms and hardwood flooring to large windows with natural light, there is so much to do and enjoy at Eighty Seven Park.

Why Pre-Construction Condos are Popular?

There are several benefits of investing in pre-construction condos. For one, you can save money on condo investments instead of paying out for larger, expensive homes. Pre-construction condos allow you to design and decorate your units as desired. However, there are certain rules and guidelines established by the HOA that must be followed. Still, these restrictions are not as rigid as deed-restricted communities which give you the ultimate freedom to enhance your units as needed. Here are some more financial benefits of buying pre-construction condos at Eighty Seven Park:

• You choose the floor plan and floor you would like to live on. This is one of the main benefits of purchasing a pre-construction unit.

• Pre-construction condos are brand new and never have been lived in. This means you and yours get brand new flooring, appliances, and convenient amenities at every turn.

• You also get to design and decorate your interiors as needed. Your HOA fees also go towards property upkeep, landscaping, waste removal, and repairs.

• Warranties are available for your structures and equipment in the new condo. The same also goes for appliances to help you and yours live worry-free.

• Pre-construction units provide flexible ways to secure ownership. This includes cost-affordable deposits (usually every 6 months) until occupancy. This gives you the freedom to move in when everything is set and ready.

• Your property will also see appreciation within 1-2 years of purchase. This is a strong benefit of buying pre-construction before all units are built and the complex is ready for move in.

Life at Eighty Seven Park

Eighty-Seven Park is a unique high-rise with 18 stories of unsurpassed beauty and convenience. With picturesque backdrops and scenic imagery, this amazing complex captures the allure and essence of the nautical-aquatic environment below. With 70 estate-quality condos, you get the latest in smart kitchens and appliances.

Similarly, the building is perfect for domestic – international investors, families, and business-minded professionals. It is equally great for those seeking second homes due to traveling and work. With a great range of amenities and Mother Nature at her finest, there is so much to see and explore at Eighty Seven Park.

Here are some of the amenities for those that call Eighty-Seven Park home:

• Two oceanfront swimming pools – perfect for nautical activities or R&R after work or play.

• Poolside cabanas – great for lounging around and enjoying tropical – exotic poolside drinks and appetizers.

• Soul Center – a full-service spa with treatments that will revitalize and rejuvenate the mind, body, and spirit.

• Cutting-Edge Fitness Center – stick to your daily workout and fitness regimens with state-of-the-art equipment and accessories. Personal training available upon request.

• Spectacular Art Collections – Curated art collection within the magnificent lobby and garden areas; modern and contemporary art selections, showcases, sculptures and more for all art enthusiast and aficionados.

• Botanical Exhibitions – enjoy the natural flora and breathtaking scenery that truly accentuates Eighty Seven Park in Miami Beach as a whole. An on-site botanist is available for condo owners that need floral arrangements for all occasions.

• Library Gallery – enjoy your favorite reads as you sip the finest wines and snacks courtesy of the Enoteca Wine Bar.

• Fugo Bar – specializing in cold-pressed juices and organic foods for health-minded individuals and family members. The perfect way to wind down after work or workouts at the on-site fitness center.

• Business SMART Center – Wi-Fi, computers, printers, faxes, data-ports and everything you need for your daily business errands.

• Private Picnic Park – designated for condo owners only.

For more information on Eighty Seven Park Pre-construction condos, simply contact us today or visit our website.

Eighty-Seven Park is truly where the park meets the ocean. As one of Miami’s most impressive residential establishments to date, our mid-rise condo features estate-quality units with the latest in green and digital amenities. Explore true living with beautifully-crafted condos fitted with modern, elegant and contemporary décor. Each unit showcases large windows that illuminate each corner with natural sunlight and rays. As a Renzo Piano Building Workshop, Eighty-Seven Park is home to growing families, business-minded individuals, and professionals that want to experience the beauty and culture of Miami Beach.

Why Make Eighty-Seven Park your New Home?

Eighty-Seven Park in Miami captures the vibrant community of Miami Beach at every turn. With exquisite interiors, lavish exteriors and elements of contemporary architecture, this magnificent residence eloquently captures the allure and essence of the area. With a blend of nautical, aquatic and social activities, residents experience the best life has to offer. From pool lounging areas to first-class concierge services in the Lobby, this charming abode was meticulously designed by Renzo Piano – a prize-winning and reputable architect.

Here are some of the reasons to consider Eighty-Seven Park as your new home:

• Beautiful Lobby with high-end acoustics and plenty of cozy seating areas. Grab a drink at Enoteca Bar and chat with your neighbors or catch up on the news of the day.

• The Pool is the perfect way to wind down after a long day of work or school. Enjoy poolside cabana drinks while soaking up the summer rays. There is plenty of room for pool exercises or just to take a refreshing and rejuvenating swim.

• The Fugo Bar serves up the freshest juices and beverages with mouth-watering snacks. Meet your fellow neighbors over a nice glass of Chardonnay or ice-cold beer. The Bar also provides snacks for room service deliveries; the perfect way to enjoy great food and drinks without ever leaving your condo.

• The Gym & Spa feature personalized training sessions for all residents. With the latest in exercise equipment, you can stay in shape or enhance your daily fitness regimen. There are also lavish spa treatments, Jacuzzi, steam rooms and much for the fitness enthusiast and novice.

The Building

Eighty-Seven Park features 70 villas with uniformity and consistency in design. In fact, you will love the impressive curated art collection that drapes the Lobby and hallways. With fluidity in design, this enchanting establishment captures its natural landscapes and scenery to a tee. Residents will love the amazing views of Miami Beach and Biscayne Bay and have access to a myriad of onsite amenities and benefits.

The residence is also blanketed by lush landscapes and tranquil private green areas. These sections are always maintained to protect the natural beauty and attractiveness of the area. As part of your HOA fees, you get property upkeep with timely repairs, waste removal, and recycling for environmental protection. Similarly, pre-construction condos at Eighty Seven Park give you the freedom to design your interiors as designed. With the best of the modern apartment and down-home traditional living, there is simply no better place to work, live and raise a family in than Eighty Seven Park.

Start Living Today at Eighty Seven Park in Miami

From three bedrooms and three bathrooms to powder rooms, we offer a range of floor plans at Eighty Seven Park. This is accentuated by spacious closets, rooms, and interiors decked out with finely finished floors and large windows. Enjoy barbecues or soothing beach breezes on the balconies that overlook the splendor of Miami Beach and Biscayne Bay. If you are tired of your current residence or planning on moving to a new home, we offer spectacular units that will achieve all your desired results.

For more information on making Eighty Seven Park your new home, simply contact us today at:

info@EightySevenPark.com

305.834.4999

You can also visit our website to explore the floor plans we offer, as well as take virtual tours of the property.

An assignment sale is the sale of an agreement to buy a pre-construction condominium. Typically, it means the building hasn’t been registered yet, so nobody can take the unit’s ownership. Once the building’s registration takes place, you can sell the property and transfer the title ownership.

The contract’s assignment clause comes in handy when you’ve purchased Eighty Seven Park pre-construction but need to sell it before the construction’s completion because of reasons such as relocation. Here’s a list of tips to consider when buying Eighty-Seven Park condominiums on sale.

1) The Closing Date

When buying Eighty-Seven Park Miami you must consider these dates:

Closing date of assignment

When the transaction of the assignment sale is complete

Closing date for occupancy

The initial closing date when the buyer obtains the condo’s key from the builder

Final closing date

This is when the property’s title transfers to the buyer’s name

2) Builder’s Consent is necessary

The builder’s approval is necessary to complete the assignment sales transaction. In some cases, they might disagree if the assignment sale’s date is near the final closing date. That’s because the builder would want to ensure confusions don’t arise when it comes to the final name on the agreement.

3) Consider the Condo’s Rules

Ensure the condo’s rules suit your lifestyle. This means understanding how condos work. Don’t depend on a real estate agent or lawyer to inform you of this. Make sure you read the corporation’s declaration and status certificate yourself. Policies banning pets, or pets bigger than a particular size, catch numerous owners by surprise. As such, the condo’s community, not merely the unit itself must be a good match.

4) The status certificate

Don’t be deceived by a status certificate that indicates that the unit lacks arrears. You can only guarantee the certificate when it’s prepared. Most certificates indicate that charges are covered except for those that the bank doesn’t honor. We recommend you confirm with the condominium corporation whether any returned cheques occurred after the write up of the certificate.

5) Financial Status of the condominium corporation

Make sure the condominium corporation is in a healthy monetary position. A reserve fund of 1 million dollars doesn’t guarantee it’s healthy, especially if necessary repairs cost 1 ½ million dollars. Inquire from the corporation if they have planned any major assessments or repairs such as lobby renovations. It’s also imperative you inquire whether the condominium corporation is presently involved in any lawsuits.

6) Mortgage Approval

For the builder to support the transaction, you should offer evidence of adequate funds to signify that you can afford the purchase of Eighty-Seven Park condominiums.

Benefits of Buying Condos on Assignment Sales

Higher Negotiating Power

The sale or purchase of condo assignments can take place at any stage before registration. Therefore, even a condo that’s ready for move-in has some elements that require finishing. There’s a chance that some of the amenities won’t operate properly, mutual spaces will be unfinished, and elevators might be grounded. As a buyer, these become great factors when it comes to price negotiation.

Purchasers have the upper hand

After construction, it isn’t unusual for misguided investors to sell before they assume possession. This produces a massive inventory. This implies that buyers have more options when the building is still being worked on.

Moreover, investors are driven to negotiate since they want out of their contract before the registration date of the condominium, particularly if lots of inventory exists. The inventory surge gives purchasers an upper hand, reducing the offer process and saving you money.

Equity

One of the reasons why purchasing a pre-construction condominium is appealing is the capacity to build equity during the condo’s construction. When somebody sells a unit before closing, they typically leave some of the equity the condominium has earned on the table for you.

Purchase a new condominium for less

As a buyer, you can buy a product that’s usually sold-out for a cost that’s probably no longer available. Ideally, the cost per square foot should be less than today’s pre-construction costs. You’ll not only secure a new condominium but obtain it for a cost that doesn’t exist in today’s market.

Whether you’re the seller or buyer, it’s imperative you collaborate with an experienced lawyer and realtor who will protect your interests.

Miami has one of the most active real estate markets in the United States, with exciting new condo developments breaking ground every year. Eighty-Seven Park condos epitomize what’s available today, with luxurious spaces and amenities for professionals and families.

Living in a condo can be a big change if you’re used to the suburbs or even a detached home within a large development. Condo life comes with its advantages, as well as some compromises that you will need to consider.

Before you decide to invest in Eighty Seven Park or any other condo development, make sure you consider the following.

1. Does the Developer Have a Strong Reputation?

Not every condominium developer can boast a history of successful projects. Researching the developer of any potential condo investment will be one of the most important things you do. You should be able to see a record of successful developments, no safety or ethical concerns, and a strong leadership team that can give you confidence in the project.

Take Eighty Seven Park Miami as a prime example.

This condo development is being led by Terra Group Miami, one of the most respected developers in the United States. Tera is responsible for some of the most compelling projects of today, including Eighty-Seven Park, Botaniko, Park Grove, Modern Doral, and 900 Biscayne Bay.

Tera is deeply embedded in the South Florida community, and the family-led business has been operating since 2001.

2. What are the Credentials of the Architect?

Architects work closely with developers to bring innovative structures to the market. Architecture is more than just aesthetic. It’s a highly technical discipline that brings countless factors together to result in livable spaces that are inspiring, functional, comfortable, and beautiful.

Any condominium you consider should come with some strong architectural pedigree.

Eighty-Seven Park condominiums for sale were designed by the Renzo Piano Building Workshop. Renzo designed notable structures like the Whitney Museum of American Art in New York, the Shard in London, and the Centre Georges Pompidou in Paris. Through his architecture firm, Mr. Piano has led more than 120 individual projects around the world.

At Eighty-Seven Park, the firm has designed spacious condominiums that maximize natural light, breathtaking views, and indoor/outdoor living flow. The spaces are modern and functional while carrying an upmarket aesthetic that will remain relevant for decades to come.

3. Is the Location Suited to Your Lifestyle?

What is it that you love to do, and where does your work take you? The place you choose to live is all about location. Sure, it’s somewhat of a cliché, but it remains true. The most beautiful and functional building would never live up to its potential if it wasn’t in the right location.

It’s clear at first inspection that Eighty Seven Miami Park has potential, but is it in the right location?

If you enjoy an active lifestyle with exercise, strolls along the beach, or an afternoon in the park, then this is one development that will meet and exceed all your expectations. It’s close to great restaurants and shopping spots, placed right on the beach, and there’s a beautiful park right next to the private grounds. You can access all that Miami has to offer without being in the bustle of the downtown district.

You can head into the city for business and be home in time to see the sunset from your luxury condominium. Locations like this don’t come often. Eighty-Seven Park truly is a once in a lifetime opportunity, and Miami developments like this will not be around forever.

Make a Real Investment with Exclusive Eighty-Seven Park Condos for Sale

This development doesn’t just tick all the right boxes… it redefines what they are! This is a truly unique project and one of the best live-in or investment opportunities on the South Florida real estate market.

Don’t settle when it comes to your happiness today and the security of your future. Eighty-Seven Park pre-construction condos for sale will not remain on the market for long.

What’s the most important thing you’re looking for when you’re house hunting? For many people, it’s plenty of space. No one wants to buy a home that’s cramped and small, so you’re looking for floor plans that allow for lots of extra space and room to grow. Here are 4 floorplans that will give you all the space you need in your new home.

1. Open Plan Living Space

Firstly, let’s look at open-plan homes. These offer a large living space that encompasses the kitchen, living, and dining areas of your home. They’re more popular than they’ve ever been, although the idea is older than you’d think.

They’re popular because they’re so versatile, and they offer lots of space to those who have them. Taking down the walls between the areas makes the space larger, and makes it feel so much airier for those who live there. They offer lots of other benefits too, such as helping you watch your children wherever they are in the home, as well as making it easier for you to entertain if that’s your thing.

Lots of new developments, such as the Eighty Seven Park pre construction condos for sale, are offering open plan homes, so take advantage of that.

2. Full Sun Deck And Patio

Plenty of new developments are building their condos in places with amazing views. It could be a view of the beach or any body of water, of parkland, or even of the city itself. Wherever they are, you’ll have fantastic views to wake up to every day.

Developments are making the most of this by adding in sun decks that allow you to enjoy the view to its fullest. Again, take the Eighty Seven Park condos as an example. Some homes come with a sun deck that wraps all the way around the front of the home. No matter where you are in the home, you can step outside to see the view and take in some fresh air. Add in some outdoor furniture and you’ve got an extra living space that really comes into its own when the weather is good.

3. Bathrooms For Every Bedroom

Something that many homeowners are looking for is plenty of bathrooms. It’s so important, especially when you have a family. With everyone trying to get ready at once in the morning, you just need more space.

Homes with multiple bathrooms are a must. There are more with bathrooms for every bedroom now, making it easier than ever to get ready in the morning. In master bathrooms, double vanities are now commonplace, so you and your partner can get ready for the day. Bathrooms with a separate, enclosed toilet are also common too, which is even more helpful. Take a look for these when you’re house hunting.

4. Plenty Of Storage

Finally, when looking at floorplans, see what kind of storage is available to you. When you move home, it’s amazing just how much stuff you bring with you. Even when you methodically clear out anything you won’t need in your new home, you’ll find more of it once you’re settled. That’s why good storage is a must.

You’re looking for good closet space that you can put to the test. The Eighty Seven Park condos have plenty of closet space for you to put to the test. Use them for clothes, children’s toys, sporting equipment, whatever needs to be put away. Having all that built-in space is a lifesaver when you’re trying to find a home for everything.

Don’t forget the kitchen and living spaces too. Kitchens with lots of built-in cabinet space is a must, especially if they come with kitchen islands. You’ll be surprised at how much difference that makes in terms of storage in your home.

These are four floorplans that new homeowners are on the lookout for. They all give you more space than you’ve ever wanted, so you’ll have a home that’s spacious and comfortable. Look for open floor plans, lots of storage, multiple bathrooms, and sun decks that function as an extra room. You’ll have a home that will be the envy of all your friends.

Investing in real estate is a great way to diversify your investment portfolio. Real estate is a tangible solid asset that is a great addition to your other Investments which might include stocks.

So let’s look at some of the reasons why you should invest in real estate today

Rental property

Purchasing a condo at Eighty Seven Park as an investment could provide you with some much-needed income streams if you convert it to a rental property. In this case, you buy it and rent it out in its entirety. Your break-even point will be calculated by adding the monthly mortgage expense, the condo fees, taxes, and your markup and then setting this figure as the rent.

So your tenant gets to live in a luxurious condo at Eighty Seven Park, and the rent they pay you offsets the expenses due for that property and leaves you with a profit.

So unlike a case where you are renting out a single housing unit, renting out a condo at Eighty Seven Park has the advantages that all the exterior maintenance work is carried out by the Homeowners Association. So you will not have to put on a tool belt and do repairs for your tenant.

As far as interior repairs, you can always get a professional management company to deal with that.

Flipping property

An alternative to purchasing new condos like Eighty Seven Park is buying an underpriced home that needs renovation before it’s occupation, carrying out the required renovation and then flipping it in the market. If the market is in demand for housing then flipping is a great idea, contrary to that you might run into cash-flow problems because you need to keep on making mortgage payments and yet the house is not occupied.

So flipping of houses requires individuals who have a lot of experience in this field and who also have enough capital to keep up with mortgage payments without running into cash flow problems.

Renting out rooms

The condo units at Eighty Seven Park have multiple bedrooms. So if you’re testing out investing in real estate you can rent part of your home. You don’t necessarily need to have a long-term arrangement with the renter. We advise that you go through a site like Airbnb that will pre-screen potential renters and guarantee against damages.

Real estate provides high Returns

With the population increase on the up-and-up, there will always be demand for good housing. High-end properties like Eighty Seven Park are always in great demand and are way easier to sell than the mid-tier or low-tier houses because the well-funded potential buyers for these properties know exactly what they want and are willing to pay for it.

Real estate always has a value

Unlike stocks, the value of an investment in real estate can never plunge to zero. If the housing market dips as it did in 2007, the patient investor can simply hold onto the housing and wait for the market to pick up again. So investing in Eighty Seven Park will provide you with high-value tangible assets that will always have a significant amount of equity attached to it.

Real estate always appreciate in value over time

If you study real estate data over a long period of time, you will cumulatively conclude that its value appreciates the longer you hold on to it. Some buyers might be put off by fluctuations like the one in 2007. But the real estate market is very resilient and always bounces back. So what you pay for a condo Eighty Seven Park today will be way less than what you can sell it for years to come. So you will get your profit.

Tax deductions from investing in Real Estate

Mortgage interest is considered a deductible expense from your taxes other expenses include the condo fees, property taxes, and insurance. All of these expenses reduce the amount of money you owe the government as taxes.

You can generate passive income for your Golden Years

Rental properties will provide you with passive income with only minor deductions for things like maintenance expenses. So you can have money coming in without having to actively work for it. So by purchasing a condo at Eighty Seven Park, you’ll get a great rental property that will provide you with this income.