A real estate development is a comprehensive construction project, which includes housing units, amenities, services, and everything you need to live a unique lifestyle.

If you want to invest in a property to live in, rent or sell, it is key to understand the processes that are carried out to materialize it. From the work in plans, to the financing methods and possible profitability: what to consider before investing in construction projects?

What to look for in a real estate development

Real estate development

Are you looking for a new condo with exclusive apartments or homes? Keep this information in mind to make a smart investment:

Location & Services

If you are going to buy blank you need to verify the location of the land and the level of urbanization it offers. This is key to determining the capital gain of the property in the medium and long term.

It is also important to check the urban infrastructure and its development potential. For example, the state of Florida is home to smart cities such as Doral and Miami, which use high technologies to improve the quality of life of their inhabitants.

Architectural & Design Features

A well-designed home is comfortable and attractive. When looking for a real estate project, check the quality of the units: size, number of rooms, orientation and finishes. In addition, it is key to know the amenities it offers, such as a swimming pool, gardens and SUM.

On the Miami-Dade County website, you can find detailed information about properties in the area. Browse online plans, construction diagrams and key features of the building you are interested in.

Permits & Documentation

The United States is one of the favorite investment destinations for Latin Americans. Among other reasons, it offers a great deal of legal certainty, which helps to reduce risks. However, it is important that you verify that the project you are interested in has the corresponding certifications, such as:

  • Building licenses for new projects, remodeling, or electrical, plumbing, or mechanical works.
  • Approved construction plans.
  • Approved inspections.
  • Title deed to the land.

Real Estate Development in Miami: Estimated Profitability

Projects located in this city can achieve up to 14% annual profitability in dollars (Infobae, 2023). This profit margin is much more than what other assets such as stock markets offer.

While it is not possible to calculate the ROI of a property in advance, you can analyze the trends of the real estate market in the area to estimate the returns to be obtained.

Tips for recognising a good real estate development

A real estate investment requires a significant capital outlay. For this reason, it is essential to take into account some criteria to recognize suitable projects in real estate:

  • First: it makes different financial instruments available to investors: loans from the construction company, crowdfunding, real estate investment funds.
  • Second: with the exception of blank works, the development has a pilot unit to visit.
  • Thirdly, the company in charge of the project provides you with a personalised advisory service.

Are you looking for a real estate development to maximize your capital? Discover the latest projects from PFS Realty and invest in homes for sale in Miami for a safe long-term asset.

References

Infobae. (2023, November 6). Properties in the USA, the investment that gives returns of up to 14%. https://www.infobae.com/mexico/2023/11/06/propiedades-en-usa-la-inversion-que-da-retornos-de-hasta-14/

Square metre. (2022, March 16). 5 recommendations for a smart real estate investment. https://www.metrocuadrado.com/noticias/actualidad/5-recomendaciones-para-una-inversion-inmobiliaria-inteligente-4493/