Miami Condo Investments | The Importance of Unique Floor Plans

While having lunch with Douglas Elliman colleague Bragi Sigurdsson, we discussed the current condo market and how we noticed that more and more buyers are attracted by the opportunities that exist in the current condo market. As there is lots of inventory at the moment, savvy buyers are looking for great deals. This brought us to the topic of relevancy of investment advice. We discussed what advice we give our clients, what we tell them to focus on and how they should measure condo quality and a good investment.

Watch my video interview with Bragi Sigurdsson on the importance of uniqueness and condo lines / floor plans 

The Importance of Unique Residences and Good Floor Plans

Something both Bragi and me agreed on was the importance of investing in non-generic product! With that I mean that you should focus on unique products and condos that offer something that makes them stand out such as: condos in superb locations, condos that offer unique floor plans or buildings with high-end finishes. For specific units you should focus on  flow-through units, corner units, units with extra high ceilings, large terraces, the best views and penthouses. These units are normally built for and used by end-users or primary residents.

The Miami market has seen a fair share of generic product, mostly bought by investors and intended for the rental market. These units are often characterized by more affordable finishes that might look expensive for those without much experience. We have been able to follow these generic, rental type of units and they have shown to remain at the same price level without much appreciation. Especially in a bearish market, many investors will offload these generic products leading to a large oversupply of basically the same generic product.

Unique, stand out product will appreciate over time, because what is hard to replicate is most desired and scarce! Therefore it is very important to know that even in good condos there are bad floor plans. When buyers ask me whether condo X is a good investment, my standard answer is: “That depends on the floor plan”. A condo may outperform all other condos with certain lines, but if you own the least performing line this doesn’t give you much of a benefit when selling

Contact me today for more information on Miami Condo Investments or to know which condos and which floor plans offers the best resale value
+1.305.508.0899 | David@siddonsgroup.com

The Best Floor Plans for Some of Miami’s Most Desired Condos

We looked at some of Miami’s most desired condos and selected the best floor plans for you. As mentioned above we are looking at units that are most likely to appreciate in value such as waterfacing, which are the east facing (if available) units, corner units, flow-through units, units with extreme large terraces etc. 

These do not include the penthouses as it speaks for itself that these are stand out units, nor does it include very small boutique condos or condos with just one or two floor plans which are easily figured out. If your preferred condo is not mentioned, but you still would like to receive feedback on the best lines; call us at 305.508.0899

Our Best Floor Plan Picks for some of Miami’s Most Desired Condos

This list contains some of Miami’s most desired condos. Please note we did not include boutique condos or condos with just one or two floor plans. If your preferred condo is not in this least then please give us a call at +1.305.508.0899 and we will provide you with the best floor plans and more information on your preferred condo

Miami Condo Investments | The Importance of Unique Floor Plans
Miami Condo Investments | The Importance of Unique Floor Plans
Miami Condo Investments | The Importance of Unique Floor Plans
Miami Condo Investments | The Importance of Unique Floor Plans
Miami Condo Investments | The Importance of Unique Floor Plans
Miami Condo Investments | The Importance of Unique Floor Plans
Miami Condo Investments | The Importance of Unique Floor Plans
Miami Condo Investments | The Importance of Unique Floor Plans

Contact David Siddons today to discuss your Miami Condo Investment

+1.305.508.0899 | David@siddonsgroup.com

David Siddons is a top producing Miami Real Estate agent with nearly $100M in yearly sales. He is known as a market analyst and he is the author of several of Miami’s most influential real estate reports and forecast. 

WHY WORK WITH DAVID? THINGS YOU SHOULD KNOW...

For all our analytics we are agents driving some very unique and advanced tech. We Provide a granular and custom experience that empower our clients with the insight and tools to understand the most complex behaviors of any local markets.

  • Analytical

    Over 100 reports produced to date

  • Knowledgeable

    Over 1800 published articles and counting

  • Experienced

    Over $2 billion in real estate sales

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Akbota YerseitAkbota Yerseit
13:29 03 Jun 22
Excellent leaders!
Cathryne HaladnerCathryne Haladner
12:12 18 Sep 21
We have only superlatives to describe how wonderful Cris Buzolin was throughout the process of selling our townhouse in Coral Gables. We were away in the UK while the transaction was taking place and Cris handled everything-from clearing out our house, selling contents when she could, arranging the moving and storage and dealing with some very difficult problems which arose. Always patient and very willing to help in every way, Cris is a consummate professional who really cares about her clients and worked extremely hard to get the price we had asked for and make things for us as easy as she could. Nothing was too much for her to handle.Cris and Marianela (who provided additional very helpful assistance to us during the transaction) are part of the team that David Siddons has assembled.When we decided to sell our property, we contacted David and he established the framework for the transaction and ensured that everything proceeded smoothly and in accordance with our wishes. In sum, David Siddons and his team are extremely competent and professional and we are totally satisfied with the service they provided. To repeat, Cris Buzolin in particular, went way beyond what one would expect from a real estate agent. The David Siddons Group has our highest recommendation!
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I thank the whole team and especially Cris Buzolin who, in a very professional and competent way, helped me to sell my property safely and in the best market condition.
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Great Service for British Expats looking to move to the States.
Simone GarrettSimone Garrett
17:20 26 Feb 21
Fantastic group of people to work with!! David and Adriana were responsive and professional throughout the entire process. We weren't familiar with South Florida so David took us under his wing and did a fabulous job giving us a tour of select neighborhoods in South Florida and shared a great deal of information about each. We fell in love with the Botaniko community in Weston and closed the deal with Adriana. If you are buying/selling this is the team you want to work with!! Thank you guys for helping us find our dream home.
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