Verano, Vicenza are junk. I went and looked that these places this afternoon. The remodel job is so badly done. Paint job on the old doors are smudgy! The pool fences are rusting through the paint that was quickly applied on! The workmanship is real shoddy.
I also looked at Regents (a much nicer project). They want $380,000-$400,000 for a 1-bedroom condo. They are also renting out the same units for $1500 per month. I would rather rent and save the difference.
Vicenza are leasing and selling at the same time. There are so many for rent signs on the project. I called some of the numbers and those investors want $1,300 for their 1 bedroom units. I had a feel that those rents are somewhat negotiable.
The saleswoman at a Verano even told me that prices will only go up so I need to jump in now! Give me a break!
The more I think about it, the more I feel that $150,000 to $180,000 for a 1-bedroom condo in UTC is more like it.
I for one hope for a big real estate crash to get the greed out of the market.
PS: I swear I hate the Hollywood regency style with the crown moulding.
