Rents are simply getting out of hand in Miami-Dade County and throughout South Florida, which makes purchasing the best option for your short-term budget needs and long-term potential. Why pay your landlord’s mortgage when you can pay your own and build wealth through real estate ownership? A new report from The Real Deal details how monthly rents are jumping by up to 24% at different South Florida apartment communities. “That has left tenants who get a 10% uptick feeling lucky,” the article states. The Real Deal cites a Florida International University study that concluded Miami-Dade had record absorption of 11,000 apartment units over the past year. Another report, from The Next Miami, notes that as of Aug. 25, no one-bedroom apartments are available in Brickell for under $2,000. The publication believes this is a first in the history of the city’s financial district.
Other reasons why purchasing at Merrick Manor makes significantly more sense than renting include:
· Not having to deal with a landlord
· Certainty of knowing where you’ll be living for the long term, as opposed to signing a one-year lease and restarting the process a year later
· Avoiding annual rental rate increases that are at the discretion of the owner
Located at 301 Altara Avenue, the 10-story, 227-residence Merrick Manor’s pet-friendly amenities and lifestyle truly cannot be beat. Merrick Manor also has a Zillow Walk Score of 77, making it “very walkable.”
Berkshire Hathaway HomeServices EWM Realty is the exclusive residential sales and marketing representative for Merrick Manor.
For more information about the residences at Merrick Manor, visit the Sales Gallery on the ground floor of the building at 301 Altara Ave., Coral Gables, FL 33146 – or contact the Berkshire Hathaway HomeServices EWM Realty team by calling (305) 779-6870. The Sales Gallery is open from 10 a.m. to 6 p.m. on Monday through Friday and from 11 a.m. to 5 p.m. on Saturday and Sunday