One thing that is definitely true for the home buyer today is that you have a lot of choices when it comes to the perfect piece of real estate. Miami Florida is proof of this. As a large city, Miami has a full range of homes, from single bedroom stand alone houses in some suburbs to towering penthouse suites in the heart of the downtown core. In this article, we are going to take a look at some Miami real estate alternatives which are popular from Houston to Oakville; condos and townhomes.
The coming of age of the condominium
Without doubt, we are living in a real estate era when the concept of condominium living has finally hit its stride. Not too long ago, condos were looked at as rental units and nothing more; a small step on the way up the real estate ladder.
Well, that is certainly not the case anymore. From Yorkville Toronto to Palm Beach, there has been a revolution in the condominium market. Old factories and other types of skyscrapers are being converted into ultra trendy loft units. New developments which are tributes to modern architectural ingenuity are being erected in big cities across the globe, and Miami is no exception. Condos are no longer seen as a stepping stone, but as the epitome of life in the big city.
Why?
The main reason behind the growth in popularity of the condo and townhouse unit, and the linked growth of the condo developments, is a change in our social outlook. With busier lifestyles and more social freedom, a lot of people are choosing to have families later in life if at all. The need for more living space in a home is no longer there. Thus, as any Brantford realty expert will tell you, there has been a whole new demand for smaller property in places such as Miami.
In the heart of the city
One of the biggest reasons for the growth of the condo unit's popularity is the sheer convenience afforded by the location of the typical condo development. That smaller, easier to take care of property is hard to find, at good value, in any big city. However, the condominium unit offers great value and state of the art living options as well. You don't have to worry about keeping up a yard or extra rooms, and you don't have to pay the outrageous prices commanded by stand alone houses in the downtown areas of most large cities.
Convenient locations, of course, mean that condo owners can count on spending a much smaller portion of their day on travel. A home in the suburbs in a city such as Miami means counting on hours each day just in travel, through the heavy traffic. Whether you are going to work or going out for some entertainment, Miami traffic experiences the same problem as that on Yonge and Eglinton in Toronto; sometimes it just doesn't seem to move. A condo in the city lets you skip all that traffic and walk or take public transportation to your location.
One of the most overlooked options on the real estate market are townhomes. Toronto, Miami, New York, and other large cities don't just have multi unit developments built up, they also have them built out. Like condos, townhomes offer more affordable living spaces within a city, but are more suited to families of a larger size than condo units would be.
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