Today I’m on 2nd street, right next to the Selby Library in Downtown Sarasota with the boutique condo – The Collection – under construction right behind me.
We have a lot of clients who are itching to own in one of the many new construction projects underway or just completed in Downtown Sarasota. It is interesting to listen to the personal drivers for all this demand.
I want to share the top 5 reasons people continue to come to Downtown Sarasota to scoop up pre-construction opportunities:
People want to simplify their lives, and one way to do this is to lock in their housing 1-4 years in advance. By doing this they know exactly where they’re going to be in the near future and they’re going to have a place that allows them to have a turnkey experience – easy to turn the key to go in and easy to turn the key to leave.
Downtown Sarasota continues to add more and more roundabouts and improve its crosswalk and pedestrian experience. Simultaneously shops, boutiques, restaurants, cafes, and bars continue to raise the bar on their level of quality and service. As such, the offerings to consumers continue to improve. This brings more vitality to Downtown Sarasota and a richer experience for all of us.
3. Concierge Services
People buying luxury condos want a full-service experience and this includes a 24 hour/7 days a week concierge. Epoch, which recently opened, was given feedback early-on in the process that this is what people wanted. And the developer pivoted and added this amenity so that people could have it and it accelerated the buying process.
2. Financial Gain
Everybody wants to have financial gains. And over the past couple of years buying pre-construction has offered a discount to what the actual market value has been on closing day. This proved out recently when somebody had to sell their Ritz-Carlton unit and they received a 35% gain over their pre-construction purchase price.
1. Shiny and New
It’s hard to resist things that are brand new. What we’re seeing with buyers in our market is that condominiums that are about 5 or 6 years old already feel a little dated – the design is a little behind the times in today’s HDTV centric world. Why not buy the latest and greatest design features, smart automation, and technology and then you can have it all?
If you have an interest in getting a comprehensive education about the new construction projects in Downtown Sarasota, please give me a call @ 941.587.0740.