September 27, 2012
It is common for most homebuyers to spend time searching for the perfect home that perfectly fits their budget. Today, it is quite possible for every homebuyer to put their dream home under their name because the market a lot of residential options that will be perfect for the needs and wants of every homebuyers.
Actually you do not have to spend too much if you are planning to settle down in a residential property in key Biscayne real estate. This part of Miami offers quality residential properties that will surely catch your attention. Yes it is true that most of the homes that are available in the market have hefty price attached to it, but it is quite possible to get one at a lower price if you know how it is done.
If you are into investing a home in Key Biscayne real estate market, it is important to do a little speculation in the local market. It is always important to check out the figures related to the Miami real estate market in order for you to determine the median price of the home in Key Biscayne as well as the current interest rate of mortgage loans offered by various lenders in the city. You have to look for one that can provide you funds with a low interest rate and payment terms that will be perfect for your budget.
If you want to get a cheap home in Key Biscayne real estate market, you have to consider other important factor such as the type of home that you can purchase in the area. There are condo units that you can check out in Key Biscayne. These real estate properties are the most expensive one in this locale, but you can always go for single-family homes and townhouses to get a quality residence at the lowest possible price.
It is always the dream of every homebuyer to have their dream home at the end of the entire investing process. But of course you can never be too sure to have your dream home if you will just jump into the process without any plans on what to do. The best strategy to get a quality home at Key Biscayne Real Estate is to plan for it ahead of time. You need to do an extensive home search while comparing them out in order to make sure that they present all the basic features you need that will merit a comfortable stay. While you are at it, it is also important that you fix your credit score ahead of time in order to get a good offer on home mortgage loans which involve a low interest rate and affordable payment terms.
September 10, 2012
Over the years, the Key Biscayne real estate market has faced a series of controversies which revolve around the numerous construction projects that have resulted in several hotels and condominiums within the beautiful island community — projects which have essentially triggered a rise in the area’s population.
However, one of the most recent controversies happens to involve an expansion plan which has nothing at all to do with any hotels or condominiums. In fact, the plan has much to do with the need for a local high school which many hope will materialize in the form of the Maritime and Science Technology (MAST) Academy.
The Key Biscayne Community
People who seek an ideal community setting within Florida often come to find Key Biscayne real estate to be a perfect option, especially since it is one of the region’s most exclusive oceanfront communities today.
The community itself is located on an island that goes by the same name. It is situated south of Miami Beach and east of Miami proper which means that people who choose to live within Key Biscayne can easily access both cities with relative ease by taking the Rickenbacker Causeway to the mainland.
In 2010, the area’s population was recorded to be 12,344 which marks an increase of 17.5 percent in a span of just one decade. According to recent statistics, the estimated median household income for the community is $99,796 which is above the average household income for the state of Florida.
The Need for a Local High School
As the population within the community continues to grow, so does the general need for a local high school. As a matter of fact, the community has pledged $18 million in financing which is inclusive of construction contributions of about $9 million in order to see to it that the plan will push through.
In the event that the proposed MAST Academy plan is approved, residents can look forward to two new academies which will offer 1,100 seats which will prioritize Key Biscayne residents. Also mentioned in the proposal is the fact that, once the expansion project has reached completion, the school is set to be renamed to MAST Academy at Virginia Key.
Its Impact on Key Biscayne Real Estate
One of the important aspects that property buyers look into when it comes to their list of options is making sure that they have everything that they need, including schools. In the event that the MAST Academy proposal pushes through with success, it could be a great advantage for the Key Biscayne real estate market as property buyers will be more inclined to live within the community knowing that there is a good school that would be located within close proximity to home.
If you would like to learn about the different options that are currently offered on the Key Biscayne real estate market, you should contact a professional agent for more information.