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Behind the Scenes: Another Build-Out at Oceana Bal Harbour Has Been Delivered

SPACiO Design Build is happy to announce that another build-out project at Oceana Bal Harbour has been completed. The unit looks spectacular and blends well with the design of the unit, which features a complete flow-through floor plan and unobstructed views. Oceana Bal Harbour is one of the most luxurious development projects in South Florida.

The unit we recently completed arrived decorator-ready, so our work included installing interior hardwood flooring, tile on the large balcony, dropping the ceiling for additional lighting, installing pocket doors and audiovisual equipment, and more. As promised, we delivered the unit in four to six weeks but every unit is different depending on the scope of work.

Working at Oceana is an incredible experience. With floor-to-ceiling windows and extra-deep balconies, the unit boasts some of the most breathtaking views available in Miami. Oceana Bal Harbour’s spacious homes and balconies are designed to offer spectacular views of the Atlantic Ocean to the east, Biscayne Bay and the Bal Harbour Marina to the west and Miami’s skyline to the South.

It took effort not to be distracted by the remarkable views of golden sunlight reflecting on the blue ocean. Now, we move forward to our next build-out project in this incredible building.

Q&A Guest Contributor: Michael Internoscia Talks About Marina Palms Yacht Club and What Makes It Different

What advice would you give condo sellers seeking to re-sell their newly purchased units in such a competitive condo market?

I would suggest finishing out their condo with flooring, baseboards, paint and build-out closets to show off the unit. It is easier to show an apartment with finishes when the competition has only concrete floors and primer on the walls. Most buyers want to occupy the unit or rent it out right away instead of waiting weeks or months to build-out the space. This strategy can give sellers a competitive edge.

What makes Marina Palms Yacht Club & Residences stand out from many of the other new condo developments in South Florida?

Clearly our marina. We offer amenities for boaters and watersport fans that are hard to find in many other luxury projects in South Florida. Marina Palms offers 40-foot to 100-foot boat slips and plenty of aquatic activities, including jet skis, kayaks, water skiing, windsurfing and snorkeling. We have it all and everything is fully managed. By the way, the 112-slip private marina provides open ocean access for boaters via Haulover Inlet just 20 minutes away. Another unique feature of Marina Palms is the size of the units. The condos are either two or three bedrooms and range in size from 1,821 to 2,500 square feet, providing a mix of luxury and value.

How would you describe the profile of Marina Palms buyers?

Our buyers come from different regions of the world, including South America, Canada and the US. What they all have in common is an affinity for water-based activates and the boating lifestyle.

Tips for Getting Your Newly Built Condo Ready for Rent

Many of the buyers closing on units in recently completed luxury towers across South Florida are investors. Some are domestic and some are foreigners. They all share the same plan: renting the units out until the time arrives to execute an exit strategy. But renting a new condo can be a challenge for two reasons:

1. Hundreds of new condos are hitting the rental market simultaneously.

2. Hundreds of new luxury rental units are either nearing completion or under construction.

This is creating intense competition among future landlords. Here are some tips to help investors rent their units faster and generate income sooner rather than later:

1- If the newly-built unit comes ‘decorator ready’ – which means the floor, walls, closets, etc. are not finished – you will need to paint the walls, add flooring and build-out the closets. A solution: weeks before the closing date, recruit a general contractor to start planning the build-out of the unit. This way, the GC will start work as soon as the unit becomes yours, saving you weeks of ‘waiting time’ and placing a tenant in the unit much faster.

2 – For the walls, stick to neutral colors. Stay away from bold or ‘white,’ which will make your unit seem dull and potentially scare away tenants who may not have the creativity to envision the unit as their home.

3 – Basic Standard Materials: if your unit requires a build-out, do not use the same type of materials that you would install in your own home. Your tenants are not going to treat it with the same quality of care, so don’t overspend. For flooring, we recommend porcelain tiles because they are stylish, durable and low maintenance. They also work well in balconies and blend with the interior flooring.

4 – Invest in a practical built in closet system throughout the unit.

5 – Most new units come with the kitchen and bathrooms already finished. But if you plan to upgrade the kitchen, avoid white cabinets. Earth tones are ‘in’. Also consider upgrading fixtures such as door handles, faucets, etc.

6 – Open floor plans: if the unit seems small, consider knocking down walls to open up the floor plan, which usually involves combining the kitchen, dining and living areas into one large space. This will increase the natural light and create the perception of increased square footage.

For more ideas, give us a call. We have some great concepts to build out new condos and modernize older units.

Getting Up Close and Personal with The Jills

Source: South Florida Business Journal

It is almost impossible to talk about Miami’s luxury real estate market without mentioning Realtors Jill Hertzberg and Jill Eber. Mansions Global recently got up close and personal with the two Coldwell Banker agents and SPACiO couldn’t pass the opportunity to share some of their insights with you. As a general contractor of luxury custom homes and condos, we recognize the hard work and commitment these brokers have made to reach the top of their profession.

Mansion Global: Describe your dream property.

Jill Hertzberg: My dream property would be in an amazing location—it would be on Miami Beach on the wide-open bay or Golden Beach directly on the ocean. I love rooms that have views of gardens or water, a smart home that makes everyday life easy, furniture that is comfortable and somewhere that you feel you are living in a true treasure.

MG: Do you have a real estate property that got away?

Jill Eber: Sure, we have those in our shopping cart. You cannot get them all. But there is plenty for everyone so you love the one you’re with!

MG: What does luxury mean to you?

JH: Luxury is a feeling. It is a combination of multiple factors, which include high-end brands, quality material and finishes and décor that really stand out and make the total look and feel very high end.

Whether it is jewelry, a car, a property or even clothing, the attention to detail and materials is readily apparent.

MG: What area do you think is the next hub for luxury properties?

JE: Fort Lauderdale is really coming on strong for both affordability and lifestyle. With so much water from the intercostal to the ocean, it gives a lot of opportunity for upgrading existing housing and taking advantage of the beautiful views.

MG: What’s the biggest surprise in the luxury real estate market now?

JH: Luxury real estate keeps evolving; from condos with private pools to custom items on the property such as a sound studio or off-the-charts media rooms. As properties continue to have smart home elements incorporated and possible “bots” that can perform duties, there is really no limit to what an owner may choose to add to their homes.

MG: Where are the best luxury homes in the world and why?

JE: The best homes are here in Miami Beach. I have traveled around the world and constantly get amazed at beautiful properties with breathtaking views and unbelievable amenities. But I always return home with an appreciation for all we have here on the Beach. It’s not just the grand estate and palatial amenities that make the area so special, it is the “you can have it all” splendor of our area. We have culture, dining, sports, entertainment, celebrity, fashion, world class events, boating and the list goes on. Very often, it is within walking distance or a short hop from where you live. We truly have it all.

MG: What is your favorite part of your home?

JE: It has to be the outdoor living. We seamlessly combine our indoor space with our outdoor space and the balcony of my condo on Fisher Island is just a tropical extension of my property. I never tire of the beautiful water, open sky and the healthy ocean air steps from every room in my home.

MG: What best describes the theme to your home and why?

JE: I love finishes and have the most extraordinary stone in various places in my home. In addition, I have high-quality personally crafted furnishings that were done by my father. I think you can describe my property as personal elegance. It has a private personal feel surrounded by wonderful finishings and loving memories of my dad.

MG: What’s the most valuable thing in your home?

JE: Well…that would be my husband and my two doggies! Aside from them, it is the personal crafted furniture that was created and built by my father.

MG: What’s the most valuable amenity to have in a home right now?

JH: Bathrooms and kitchens are always the key. You can have a beautiful foyer, grand entrance and staircase, upscale finishes but lose the interest with a buyer due to outdated bathrooms and kitchen.

MG: What’s your best piece of real estate advice?

JH: Make sure your real estate professional demonstrates their expertise and knowledge of the local market. Nothing replaces knowing everything that has sold, did not sell, sold years ago, been updated/renovated and the movement in the neighborhood. It’s not just about the house itself; it is also important to know everything that has gone on or will be going on around the property. You cannot underestimate the value of a realtor who knows the inventory extremely well, both on and off the market. If you’re a buyer, you don’t want to find out you missed the best property and if you are a seller, you want to get the best price obtainable.

MG: What’s going on in the news that will have the biggest impact on the luxury real estate market?

JE: The new administration in the White House, of course. Policies that are made can affect real estate: the stock market (which affects real estate), immigration, foreign investment, EB-5’s and the list goes on. Everything in the U.S. is affected by real estate and so much that goes on that impacts consumer outlook affects our business.

What area currently has the best resale value?

JH: Waterfront is always your best bet. Some views are just priceless and if you can get one of those on a good piece of land, you will always be in a good position.

BRAVO’S MILLION DOLLAR LISTING BROKER CHAD CARROLL DISCUSSES 2017 TRENDS AND TIPS ON FIXER UPPERS

Chad Carroll Broker

Guest contributor broker Chad Carroll, who starred on Bravo’s Million Dollar Listing Miami and is one of Douglas Elliman’s Top Producing Agents in South Florida, sat down with SPACiO for a Q&A on trends we will see in the luxury residential market in 2017 and tips on fixer-upper homes in exclusive neighborhoods.

How do you expect buyers to react to the economic environment as it shapes up for 2017?

Buyers are going to be more cautious with their purchases. Interest rates are on the rise and a slowdown of foreign capital will definitely affect pricing. Sellers are going to have to adjust their prices to the new market conditions. Inventory levels are high and demand is relatively low compared to a year or 2 ago.

In terms of home decorating and renovation, what are some of the interior design trends your high-end clients are gravitating towards?

While they continue to prefer the modern interior design, they are increasingly introducing a touch of ‘home’ by incorporating different shades of warmer colors and finishes. Before, it was all about glass and white throughout the house but that style can feel a little stark. Now, I am seeing a lot more woods / artificial woods used alongside fabrics to soften everything up. Many of my high-end clients want their houses/condos to be a combination of ‘art’ and ‘home’.

Based on your years of experience selling homes in Coral Gables, the Brickell area and Miami Beach, what tips can you give us about buying a fixer upper?

Buyers need to be cautious that the house doesn’t have structural or roof issues. Often buyers don’t look into those things well enough and after closing problems appear and dip into their profit. Buyers also need to hire architects and general contractors who have experience working with similar types of properties. A house is not just a house. There are many types of construction and each requires a specific set of skills. Doing due diligence is key to the success of the project.