Buying new developments in Miami gives you a unique opportunity to secure a brand-new home at early pricing—before the rest of the market catches up. You get to choose your layout, finishes, and even views. Plus, developers often offer favorable deposit structures and incentives.
Unlike resale, new developments allows you to grow equity over time while skipping costly renovations and special assessments.
Compare New Developements vs. Resale:
| New Developments | Resale | |
|---|---|---|
| Price Advantage | Early access pricing | Market value pricing |
| Customization | Select finishes, layout | As-is, with potential renovation |
| Condition | Brand new, modern design | May show wear; older systems |
| Equity Growth | Appreciates during construction | Slower long-term growth |
| Assessments | None when new | Risk of 30, 40, 50-year recertifications |
| Amenities | State-of-the-art facilities | May lack updated features |
Step-by-Step Buying Process:
- Tour or Virtual Presentation – Get familiar with the building, finishes, and pricing.
- Reserve Your Unit – Typically with a refundable 10% deposit.
- Contract Review – Your attorney reviews and finalizes the agreement.
- Secure with Additional Deposits – At stages during construction.
- Close Upon Completion – Take ownership and move in or rent out.
Tips for Choosing the Right Development:
- Identify your goal: Is this for living, renting, or investment?
- Research the developer: Experience and past project delivery matter.
- Review HOA fees, rental rules, estimated delivery date, and cancellation policies.
- Evaluate the location not just for today—but for what’s projected in the future.
Have questions? Call Adi Zilberberg at (305) 209-5017
We’re here to help you find the perfect new development for your lifestyle or investment goals.