Are you looking to invest in a residential real estate property to use as an Airbnb rental? Pre-construction condos offer great prices and opportunities, but it can take time to make the right choice.
With so many developments coming onto the market, how do you know the best investment for your needs? Don’t worry – we’re here with five of my top picks!
Read on for Josh’s list of the top 5 most promising pre-construction condos for those interested in investing wisely!
In this blog post, we’ll walk you through each project, examine potential returns on your investments, and share why these pre-construction condo projects are excellent options for generating rental income.
5 Benefits of Investing In an Airbnb Rental Property
Miami has always been a popular destination for tourists and investors alike. Investing in an Airbnb rental property, especially a pre-construction condo, has unique benefits you should consider before making final decisions. The main benefits include:
Long-term financial stability
Unlike traditional rentals, Airbnb rental properties can offer a steady income stream. With pre-construction condos, you can purchase multiple units and rent them as single or multiple bedrooms. This provides a more stable long-term financial return on your investment.
And since pre-construction condos are known for their low risk and steady appreciation, investing in one will yield a greater return on investment over time.
Flexible pricing
Airbnb rental properties allow you to set your rate. This will enable you to adjust the rent when necessary to maximize profits quickly.
With pre-construction condos, you can also benefit from discounted prices that developers offer during the pre-construction phase.
What’s more, Airbnb rental properties don’t require you to sign long-term leases with tenants, allowing you to make adjustments as necessary.
Minimal maintenance and overhead costs
Pre-construction condos require minimal maintenance and overhead costs. Since the building is built from the ground up, fewer repairs or upgrades are necessary. And without tenants to worry about, you can focus more on the property’s upkeep instead of tenant management.
Plus, since traditional renters often live in a property for extended periods, they may be more likely to cause damage or require repairs that can rack up costs.
Tax benefits
Investing in an Airbnb rental property could also provide you with additional tax benefits. Since the IRS classifies these properties as investments, you can write off certain expenses like home office deductions and depreciation.
Additionally, if you’re renting out multiple bedrooms in the pre-construction condo, each bedroom can be considered its rental property, which gives you more opportunities to maximize tax savings.
Diverse neighborhood
Finally, Airbnb rental properties benefit from being located in diverse neighborhoods. This is especially important if you’re investing in a pre-construction condo since these tend to be in growing areas with plenty of tourist attractions and new residents.
With Airbnb rental properties, you can find yourself in the heart of the action, with access to trendy restaurants, shops, parks, and other attractions that draw visitors to your rental property.
These five benefits make pre-construction condos an excellent choice for investing in an Airbnb rental property. Now let’s take a closer look at Josh’s top 5 picks!
5 Airbnb Friendly Pre-Construction Condos In Miami
Miami will always be a great place to invest in real estate, and pre-construction condos are a great way to capitalize on it. Here are 5 of Josh’s top picks for the best pre-construction condominiums in Miami that can be used for Airbnb rental purposes:
1. 600 Miami Worldcenter
Located in the heart of rising Downtown Miami, 600 World Center offers a rich urban lifestyle experience. This towering 32-story residence provides stunningly appointed 579 apartments with a rental capacity that unlocks Airbnb potential – perfect for those seeking both luxurious living and creative investing!
With no rental restrictions, your fully-furnished and equipped unit will be just steps away from Brightline station, FTX Arena, and minutes from Miami’s international airport and port. Choose between studios or one to two-bedroom places with prices starting as low as USD 400,000 – an unbeatable deal for such a location amidst all the local attractions.
Take advantage of a dedicated coworking space, resident lounge, and entertaining areas. You can also cook out in the summer kitchen or take an evening dip on your rooftop swimming pool, then enjoy resort seating among friends while taking in views that seem too perfect to be real!
Stay fit year-round with 600 Miami’s world-class state-of-the-art fitness center by Homage Fitness, including an outdoor private training area – all steps away from you.
2. Vida Edgewater
In Edgewater is a rising condo building called Vida. This beautiful property is a sight to behold, with its modern aesthetic and impressive architecture.
Located in a contemporary 9-story building along Biscayne Bay, this lifestyle oasis offers 121 residences with amenities including an onsite fitness center and spa, rooftop terrace, and BBQ grills perfect for entertaining friends while enjoying amazing views.
Enjoy fully finished studios and one to four-bedroom residences boasting 9-foot ceilings, private balconies with every home, custom flooring solutions, and gourmet kitchens with Euro-style appliances. Relax under the rain showers of your primary bathroom while admiring the customized vanity, or use your created-out closets while enjoying a contemporary lighting package. And remember – all apartments are also prepped for smart home systems so you can be tech-savvy and style conscious, plus boast keyless entry for added security measures!
Vida Edgewater is a great investment opportunity, with prices starting at USD 415,000. You can make a return on your investment through Airbnb rentals, so act before it’s too late.
3. West Eleventh
Invest in the future and enjoy what South Florida offers with West Eleventh Downtown. This super-luxury condo tower features studios through one bedrooms configurations backed by world-renowned rental provider AirBnB, located conveniently within the rapidly expanding E11even Entertainment District just outside Miami’s city center. With a starting price of USD 510,000, this is a fantastic opportunity not to be missed!
These residences provide a luxurious living experience, both inside and out. No detail has been overlooked, from the sophisticated flooring selections chosen by Cotofana Designs to custom shades for optimal home comfort.
Enjoy the convenience of having fully built-out closets in master bedrooms with shelving and drawers pre-installed. Kitchens are complete with high-end appliances like an undermount sink and stylish countertops with backsplash designs – all making your everyday life stress-free! Stay connected with PMG’s smart technology system that allows you to customize options at the touch of a button! Each residence has recessed lighting fixtures, dimmers, multiple phone lines & cable, and French balconies (in select units).
4. Artist Townhomes in Hollywood, Florida
Artist Townhomes presents a unique chance to purchase a property in Hollywood, Florida, that is like a piece of paradise. In addition to the spacious garage and outdoor balconies, and backyard, this architect-designed development is perfect for anyone looking to make it their home away from home. The product has eight townhouses with three bedrooms and 2.5 bathrooms, offering 1,600 square feet of living space.
The housing complex is located just 8 minutes away from the airport and within walking distance of the trendy Artist Circle, where you can enjoy delicious restaurants, lively nightlife, and stunning art galleries. The complex offers elegant Italian cabinetry, luxurious quartz countertops, and state-of-the-art stainless steel appliances in each of the spacious townhomes. Prices start at USD 599,000, making this a sound investment opportunity.
Experience the best of Florida living with a short drive to the beautiful beaches, parks, and the famous Hollywood Boardwalk. Your Airbnb guests will love the convenience and charm of this location. Don’t miss out on this rare opportunity to invest in one of the most desirable areas in South Florida.
5. Eco Suites Brickell
Eco Suites Brickell is an innovative pre-construction condo project, offering a sustainable and eco-friendly living experience in the heart of Brickell. This building is designed with 96 fully furnished and equipped units, perfect for Airbnb rentals.
Prices start at USD 450,000, and units come in various sizes and layouts, including studios, one-bedroom, and two-bedroom configurations. The stunning rooftop pool and sun deck offer breathtaking views of the Miami skyline and ocean, making it an attractive destination for Airbnb guests.
These energy-efficient units come with a variety of features such as solar panels, rainwater harvesting systems, and natural ventilation. The building also offers a range of amenities, including a fitness center, clubroom, business center, and secure parking. Residents will appreciate the convenience of having a grocery store, restaurants, and shopping centers nearby.
Eco Suites Brickell is not only an excellent investment opportunity but also a chance to promote sustainable living and reduce your carbon footprint. Don’t wait too long to secure your spot in this environmentally-friendly project!
Conclusion
Investing in a pre-construction condo for Airbnb purposes is a smart choice for those who want to make the most of the booming tourism industry in Miami. The five pre-construction condo projects mentioned above are excellent options for investors looking for long-term financial stability, flexible pricing, minimal maintenance costs, tax benefits, and a diverse neighborhood.
Act now to secure your investment in one of these top-notch projects and enjoy the benefits of owning an Airbnb rental property in Miami. Don’t miss out on these exciting opportunities to invest in Miami’s vibrant and growing real estate market!
AirBnB Pre-construction Condos FAQ
What are the benefits of investing in a pre-construction condo for Airbnb rentals?
The main benefits of investing in a pre-construction condo for Airbnb rentals include long-term financial stability, flexible pricing, minimal maintenance and overhead costs, tax benefits, and a diverse neighborhood.
How do pre-construction condos offer long-term financial stability for Airbnb investors?
Pre-construction condos provide long-term financial stability by offering a steady income stream through Airbnb rentals, along with low risk and steady appreciation of the property value over time.
Can I adjust the rental rates for my Airbnb property easily?
Yes, Airbnb rental properties allow you to set your own rates, enabling you to adjust the rent when necessary to maximize profits quickly.
Are there tax benefits associated with investing in an Airbnb rental property?
Yes, investing in an Airbnb rental property could provide you with additional tax benefits. The IRS classifies these properties as investments, so you can write off certain expenses like home office deductions and depreciation.
What makes a diverse neighborhood beneficial for an Airbnb rental property?
A diverse neighborhood is beneficial for an Airbnb rental property as it tends to be located in growing areas with plenty of tourist attractions and new residents, providing easy access to restaurants, shops, parks, and other attractions that draw visitors to your rental property.
