Real Estate September 13, 2022

Buy or rent a property in Miami?

Buy or rent a property in Miami? If you’re weighing the pros and cons of owning a property or renting in Miami, consider what amenities you can get as a renter and where you might be able to live. Here are some things to keep in mind when deciding the best option in the Magic City.

Pros to rent a property in Miami

Test the waters

Renting a property or an appartement in Miami is a safe bet if you want to explore the Magic City without having to commit to owning a home. Moreover, you’ll have fewer living expenses and more freedom to move, before you consider settling down for good. Also, most landlords offer flexible lease options (12-month, 6-month, or even month to month).

Renting market is very large

Miami is home to plenty of luxury apartment rentals or condos that are great alternatives to buying a new home in the heart of the city.

Whether you’re looking to live in South Miami, Coconut Grove, Coral Gables or Miami Beach, you find fully furnished apartments in all these neighborhoods, complete with top appliances, 24/24 valet, fitness centers or huge swimming pools.

Little maintenance

But when you’re renting a property in Miami, the landlord is responsible for everything. Indeed,  from spraying for pests, to maintaining the AC, to fixing anything that leaks or creaks, that is not for you! Tenant will be responsible for minor maintenance like… replacing light bulbs!

 

Pros to buy real estate in Miami

Builds equity

Buying real estate in Miami allows you to build home equity. Putting equity into your home will provide you with many financial benefits.

Great ROI (Return on Investment)

Miami welcomes more than 24 million tourists every year. All this people need a place to stay. Owning a vacation property in Miami gives you a strong source of passive income through vacation-goers searching for places to stay with traditional rentals or on platforms like Airbnb.

Enjoy more room

Miami properties typically offer more space than Miami apartments. Indeed, the average size of an apartment in Miami is around 887 square feet, while the median square footage of a home in Miami is around 1,389.

Bottom line

Buy or rent a property in Miami depends on a few factors like the amount of money you have, the neighborhood you want to live in, your job security, and most importantly, your personality. To find the option that fits you the best, check on this list of properties

Disclaimer: Agency One Properties and Laure Deltin Angeletti do not provide any kind of tax, legal, financial or accounting advice. This material has been prepared for informational purposes only.
Neighborhoods September 6, 2022

5 things to do in Coconut Grove

Welcome to The Grove! Born in 1825,  it is Miami’s oldest continually inhabited hood. Between the independent book shops and locally owned cafes, there are also newer developments here. For ex, CocoWalk an open-air mall recently totally face-lifted, luxury high-rise condos and a couple of modern hotels (like Mr. C Coconut Grove a 2019 luxury boutique hotel of 100 rooms, each with a terrace). Here are 5 things to do in Coconut Grove.

Viscaya Museum and Gardens

This 20th-century estate includes Italian Renaissance gardens, natural woodlands, and even a historic village. The Villa also includes a museum featuring antique furnishings, most from the 1400s to 1800s.

For whom? Art lovers, architecture buffs, history fans, garden amateurs.

Peacock Park

One of the greatest family friendly place in The Grove. The park features a boardwalk bridge with expansive views of Biscayne Bay. Plus, it is the site of annual events. Coconut Grove Arts Festival is one of hem, in February of each year. Then, The nine-acre park  offers lots of indoor and outdoor sports, from soccer to softball, football to ping pong.

For whom? Families and sport lovers.

Shopping time at CocoWalk

Shopping is definitely one of the 5 things to do in Coconut Grove! Luxury shopping is a must in The Grove and the commercial complex spread over three floors, houses cinemas, great shops, cafes and a restaurant for every foodie. Don’t miss Gas Bijoux, a jewelry store that was founded in St. Tropez, France. Here, you’ll find stunning handcrafted baubles made in their Marseille workshop and a lot of accessories. You deserve it.

For whom? Fashionistas.

Coconut Grove Cemetery

The cemetery, purchased for $140 in 1913, was initially for Bahamian settlers. It is an essential piece of Miami’s Black history and Bahamian community.

Fun fact: You may recognize this cemetery as the place where the graveyard scenes of Michael Jackson’s Thriller video

For whom? Everyone.

Coconut Grove Farmer’s Market

This market has everything! The variety of organic fresh fruits, vegetables, grains, seeds, and raw vegan foods offered under their tents is extensive. Then, one can find fresh mushrooms, tropical fruits, cactus, vegan meals, sushis, ice cream and so much more. The place to be on Saturday morning.

For whom? Families and pets.

And…

Housing market in this area is booming. Wether it is for rent or for buy, check out all the living in the Grove options here