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Real Estate Advice
Real Estate Advice

Friday, April 25, 2014

Luxury buyers are becoming increasingly investment savvy according to a recent report released by Realtor.com. The most important items overwhelmingly reported by luxury home owners in buying another home were resale value and proximity to water. Of all features of a luxury home the luxury buyer is chiefly interested in the view of the home, a chef’s kitchen, and a luxury pool. Notably, 40% of luxury buyers are willing to go over budget for their perfect home. In the Fort Lauderdale luxury market I notice these trends specifically since Fort Lauderdale luxury condominiums have views, offer open kitchens, and have incredible amenities. Many of my buyers are interested in the financial stability of a building as well, considering the rental market in Fort Lauderdale is booming and buyers are looking for investment properties. Below are the findings from Realtor.com and if you are interested in purchasing a luxury Fort Lauderdale condominium or selling a condominium, contact me today.

· 30% Current Luxury homeowners that would purchase a primary home

· 23% Current luxury homeowners who would purchase a vacation home

· 40% Current luxury homeowners who would go over budget

· 73% Current luxury homeowners feel resale value is important

· Most Desired location of Current Luxury Homeowners: waterfro

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Friday, April 18, 2014

Sellers often make the mistake of undergoing renovations in hopes that it will increase the value of their home before selling. Common renovations include new roofs, new kitchens, and new baths. Here is the fallacy in this reasoning and it is two fold. Firstly, a prospective buyer may not share your taste in finishes, even if you feel they are neutral, and secondly, the value of your home on the market will not increase proportionately to the amount spent on the renovations. The buyers will expect a discount if the renovations do not meet their expectations.

There are however some small upgrades that do make the grade. Below are several low cost tips that will give your home a competitive edge in the market.
1. Remove Popcorn From Ceiling: A smooth ceiling makes rooms appear larger and also is a quick update for an apartment or home.
2. Remove Mirrored Walls: While Feng Shui dictates that mirrors open a space, they are dated and are distracting to buyers.
3. Replacing Carpets: Replacing dirty carpets with inexpensive carpet is an excellent and inexpensive upgrade.
4. Fresh Paint: Once mirrored walls are removed, popcorn is paved over, a fresh coat of paint is always recommended, in a neutral color.

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Wednesday, April 9, 2014

Rock the Ocean’s Tortuga Music Festival is back. This weekend April 12 and 13, Fort Lauderdale Beach Park will host this large music festival with the special focuses on Sea Turtle Rescue, Saving Sharks, and Coral Reef Rehabilitation. Tortuga is a family friendly event and there will be a wide variety of food and events occurring during the two day festival. This year’s musical headliners are Luke Bryan and Eric Church. Other bands playing will be Hank Williams Jr, Train, Dierks Bentley, Brantley Gilbert, Slightly Stoopid, Ziggy Marley, 38 Special, Sheryl Crow, and many more. Passes are available in single day and two day passes and also in VIP and Super VIP packages. Parking is free at Galleria Mall and a shuttle will run from 10am-11:30 pm on the days of the festival. Advance purchase may be made here www.tortugamusicfestival.com. This is a wonderful annual event benefitting charities of the sea. Enjoy

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Friday, April 4, 2014

Fort Lauderdale is known as the Venice of America and has some of the most incredible yachting in the world and with this natural appointment, it is no surprise that the real estate in Fort Lauderdale is similarly grand with stunning waterfront views and access to water. The real estate market in Fort Lauderdale is comprised of a series of isles that have lavish waterfront estates and high rise condominiums. Outside of outdoor pursuits, Fort Lauderdale has wonderful shopping and dining with easy international access.

This Friday I am pleased to feature the prestigious Award Winning Sapphire Condominium Fort Lauderdale located at 2821-2831 N. Ocean Boulevard. This property was built in 2009 by critically acclaimed Miami based architects Kobi Karp and it consists of twin towers, each standing 12 stories tall with a combined total of 172 residences. These luxury residences are equipped with European cabinetry, stainless steel appliances, granite countertops, with open floor plans and floor to ceiling windows. This highly sought after contemporary complex offer 5 star resort style amenities including a state of the art fitness center, spa, private cabanas, 6,000 square foot infinity pool, 24 hour Concierge and valet and membership to the Harbor Beach Marriot Resort. Currently, there are 8 properties for sale and 5 properties for rent. Sapphire condos for sale start at $429,000 and go up to $685,000. Located on the west side of State Road A1A,between the Intracoastal Waterway and the Atlantic Ocean, the Sapphire condominiums are some of the most desirable condominiums in Fort Lauderdale, for more information, contact me today!

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