For buyers with time and no need for immediate income
Pre-construction in Miami: when it makes sense
Pre-construction fits buyers with time, no need for income during construction, and interest in pricing and units that disappear after launch. In exchange, they accept schedule and market risk plus lower liquidity while the building is being built.
The decision path
1. Confirm your time horizon
Construction schedules can extend; short horizons do not fit this product.
2. Understand the instalment structure
Payments follow construction milestones, with the balance at delivery.
3. Analyse developer and project
Delivery record, quality of previous buildings, project finances and unit inclusions.
4. Assess future supply
How many comparable units are delivered in the same window affects leasing and resale.
5. Plan for delivery day
Final balance, closing costs, furniture, insurance, utilities and management.
Costly mistakes
- Counting on guaranteed appreciation during construction
- Committing all cash to the first instalments
- Ignoring the project's lease rules
- Comparing launch pricing with completed stock without adjusting for time and cost