Monday, August 21, 2017

There’s No Better Place for Millennials than Miami

Miami has always been one of America’s most famous vacation spots. The beaches, the weather, the many fun things to do, the Caribbean atmosphere, and most of all, the people make it a great place to spend a summer (or any holiday) and a particularly amazing place to live. Apart from this, since the beginnings of the 21st century, it has also become a very attractive place to invest, especially in Real Estate, and the economic growth of the entire city is remarkable. Currently, a very large percentage of the investors in Miami are Millennials, and how could it not be? There’s no better place for these young generations to live, work, settle down and grow!

The term “Millennial” is all over the internet, television, printed media, and basically in our daily vocabulary. Many argue about its definition, although it is very simple: people who reached their adulthood in the first 2-3 decades of this century; to be more specific, everyone born, approximately, between 1980 and 2000. This is quite a wide range, and this generation has some peculiarities that everyone should take into consideration if one is planning on working with them, especially if you want to sell them something (anything!). Of course, this applies to the Real Estate business too, and in this article, we are going to talk, from our experience, about which type of properties they are interested in and which is their target when it comes to investments.

In a city where the median individual income is about $23,000 a year, many people (particularly Millennials) decide to rent instead of buying, but that’s not the only reason. Every year, more and more new buildings are constructed, and one thing most of them have in common are the many amenities they offer. Gyms, pools, electric car charging ports, common rooms with flat screens, conference rooms, Wi-Fi everywhere, recreation rooms, valet parking, and other things are great features everyone enjoys, especially younger generations, and usually this type of buildings are quite expensive. Rents, on the other hand, are reasonable and affordable.

Another reason why Millennials would rather rent is because of the flexibility. Normally, buying a new home automatically “binds you” to it, and these generations, with a lot on their plates, don’t seem to want to make definitive decisions like that for the moment. A rental is much easier to leave behind, and that’s a very popular feature we now see more and more often. Another thing to take into consideration is the maintenance costs when you own a property, something you don’t have to worry about if you rent. Millennials usually have very active lifestyles, and the less they have to do around the house, the better for them, this means: smaller apartments. Studio apartments, single apartments, single-space apartments and lofts are the usual choice for these young investors, and the most common place where you can find them is Downtown. Location is also an important thing for Millennials because they are usually quite involved with their community, and this means frequenting restaurants, bars, lounges, malls, or any space where they can engage in social interaction, places usually found in the center of the cities.
Anyhow, in Miami there’s a place for everyone, and this city can meet everyone’s expectations, but Millennials are taking over the investing world and they have put their eyes on this beautiful corner of America. If you would like to invest here, contact Miami Riches and we will guide you and help you find the perfect place!


Wednesday, August 9, 2017

Miami Riches makes alliances with Altius Triathlon Team

Recently, Miami Riches began sponsoring the Altius triathlon team, coached by the outstanding Cuban athlete, Boris Fernandez, who has been living in Miami for several years.

This idea comes after Carlos Rojas, director of Miami Riches and friend of Fernandez, began training with the team a year ago. Currently, Altius is made up of approximately 35 members competing in the Elite and Age Group categories. Although all are professionals in different areas and come from different parts of the world, they share a common passion: sports. 

With great pride, the Miami Riches logo now shows on the team’s backpacks and uniforms. This sponsorship has emerged spontaneously; with it, the brand is going for a new form of marketing to have greater exposure, in addition to supporting a group of good friends and promote a practice as healthy and rewarding as triathlon.

 Without a doubt, teamwork, continuous learning, discipline and perseverance are the keys to success in both sports and the real estate business. That is why Miami Riches will keep including initiatives like this one in their marketing plans

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