Three Things To Look For When Purchasing Luxury Real Estate
In 2013, real estate agents sold more than 5.3 existing home units — and that number is only growing. What’s more, luxury real estate continues to make up a larger portion of housing sales each and every year. If you are considering joining the ranks of U.S. men and women who own luxury property, here are a few things to think about first.
Carefully Think About Lighting
One of the top concerns many have when purchasing luxury homes is privacy. While there isn’t anything necessarily wrong about that, don’t sacrifice one perk for another. In other words, make sure to carefully think about lighting, too. While a home tucked into a private grove may seem ideal, open all windows and blinds to make certain that it gets enough natural light.
Don’t Forget About Maintenance And Upkeep Costs
For just about everyone, the dream involves living on the water (or as close to it as humanly possible). As long as your mortgage, property taxes, and related expenses fall below 43% of your income, you should be able to make it happen. If you are looking at Florida homes or California homes (or a beachfront home of any kind), factor in the added insurance and maintenance costs associated with damages and corrosion from salt water.
It’s All About Amenities
Whether you visit homes in person or start your search off on the internet (like 96% of all Americans), have a general idea of what you’re looking for — and that includes amenities. Right now, many buyers are favoring homes with smart appliances and fixtures. In other words, homeowners are explicitly looking for luxury homes all over the U.S., including New York and Florida homes, that can be managed or manipulated using a tablet or a smartphone.
Think carefully about these home buying tips before purchasing your new luxury home. Remember to consider all costs, including upkeep, find a home with a great location and adequate lighting, and a home that has all of the features you want, even if these features include appliances you can turn on and off using a cellphone. Continue reading here.