COVID-19 and Real Estate

Posted by Thomas Echea on Wednesday, December 23rd, 2020 at 10:36am.

"The best time of the year" is officially around the corner. 

Christmas lights are hung, holiday music is on the radio, it's time to analyze the passing year and to set your new goals for 2021. The year of 2020 has been a real roller coaster for a lot of people. We're being called on to think about what changes we need to make in our personal lives, businesses and communities. Now that hundreds of millions of people have gotten a new taste of how important "home" actually is - as a safe haven, a schoolhouse, a remote office- the spaces we live in, and more importantly what we demand of them. 

COVID-19 has re-ordered virtually every industry in the world. 

Over the past decade, South Florida's forward-thinking  developers have pioneered many of real estate's most boundary-bending amenities including: the high-rise car elevator (Porsche Design Tower), the flying car port (Paramount Miami Worldcenter), the private soccer pitch (Paramount Miami Worldcenter, again), in-unit aromatherapy and Circadian rthythm lightning(Muse Residences), the indoor ice skating rink (Estates At Acqualina), ad private rooftop helipads (1000 Museum). 

In response to the COVID-19 pandemic, projects under construction are being re-designed on the fly. Buyers domestic and foreign all of the sudden seem vastly more interested in things like privacy, virtual, distanced, and mine. Health and wellness will now  be at the top of buyers' wish lists. 

Miami recently completed Paramount Worldcenter bills itself as America's second largest master-planned development, and the most amenitized building in the world. Within the project's 30 acres and 700' towering feet an elevated, full-sized soccer field, am indoor basetball court, tennis and racquetball courts, a golf simulator, conservatory, observatory, recording studio, jogging path, dog park, tai chi deck, yoga studio, two game rooms, five pools, a sky port for flying cars (when they come), and over five-hundred uber luxury residences with private elevators and foyers. 

"Air purification, cleaning protocols, aromatherapies, lighting, and water filtration have been becoming brand standards for us for a while, and we're continuing to innovate in this area . "says Dan Kodsi, Paramount Maimi's developer. 

Touchless "proptech" is next on developers' mission -critical lists, especially where it relates to minimizing co-mingled surface contact. 

As we can see, the pandemic has shifted the way of living; buying requirements and selling motivations. Health is now the new wealth. 

Feeling overwhelmed at the thought of selling your home during the busy holiday season? Contact Us today, and one of our agents can take some of that weight off your shoulders. 

Please find more information at Forbes articles

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