Today’s luxury condo communities are offering more amenities than ever before in hopes of enticing and exciting buyers with a dreamy lifestyle full of grandeur, but when it comes to re-sale will these niceties really be important?
Here are some things to focus on when purchasing a luxury condo property that will help to retain the most value and give you a better ROI should you want to sell in the future.
Unobstructed Views and Natural Light
A property that has a great view of the outdoors and large enough windows or an outdoor space to enjoy will hold its value. If you find a great view condo make sure that you know the zoning allowances for the land around the building to be sure that your view will not be obstructed by more land development.
Natural light brightens and lifts the mood and is a known seller of any property. Natural light is especially valuable in condo properties because you have shared walls and limited windows.
Ceiling Height
High ceilings are a huge feature in a luxury condo because they make spaces feel much larger and they are rare. The higher the ceiling the better unless it is higher than 14 feet. Think cubic feet with luxury condos not just square footage.
Architecture
Good and interesting architecture retains its value over time. Homes built by famous architects or well known luxury builders always draw interest. Look for buildings that are popular today built with interesting yet practical architecture by someone with a great reputation. This should help you sell easily later down the road.
Read more: How to Sell a Luxury Property
Floor Plan
If you are purchasing a luxury property there is no doubt you plan to invite guests over to your lovely home. Give thought to the layout of your home. Is it open and does it allow for functions or a dinner party? If you have a family is there room for each of you to move around and function? Do you like to throw parties? You may want to consider a floor plan that separates personal space from social/living space. Homes with practical plans are appealing to you and will be appealing to the next buyers.
Windows
A large player in your energy bills as they are responsible for much of the heating and cooling loss in your home especially if you have large windows. To save money windows should be double pained and insulated to protect against weather and noise. Here in Orlando it is good to be in a building with hurricane windows.
Related: Tips on buying new construction luxury
In Unit Laundry
The ability to do laundry without lugging loads of clothes up and down stairs or having things sent out is never out of style.
Building Rep.
This may sound superficial but a building that everyone wants to live in is a building where properties sell. A building with a good reputation retains its value.
You are spending more money to live in a property with more perks and higher quality finishes and materials. You want to make sure that your investment dollars are well spent on a property that will retain its value.
For more information on purchasing luxury Palm Desert condos please feel free to browse our website or contact us at anytime.
Comments (1)Subscribe to CommentsComment