The real estate market is very dynamic and seems to change with market trends. If you are looking to invest in luxury real estate, the following tips will help you make a successful investment and give your business a cutting edge.
1. Location.
In order to make your investment worthwhile, ensure that all your luxury homes have easy access to local amenities. The luxury tag means that prospective buyers have access to the best of everything. Ensure that your property is located in a place with breathtaking views. This is a non-negotiable. It is what will set you apart from competitors. As a property developer, ensure that this is part of your package with every building or room in the luxury property designed in a way to allow extensive views of various scenic areas.
2. Branding.
Develop a brand that helps you stand out from other luxury developers. This is where you put into use what you have acquired from other developers in the market. As a developer, look for ways to improve so as to beat your competition. What can you offer that they are not offering? What extra services can you offer to make you more desirable?
3. Remember in order to make a buck you have to spend it.
As long as you are in the luxury market, you have to part with your frugal ways. Make sure your marketing budget is in order to allow you spend the kind of money that you need in so as to bring your brand to par with other properties in the market. In this business, you cannot skimp on anything related to this business such as business cards, websites and so on.
4. Be particular about building materials.
The privileged clientele is very conscious of this aspect. They prefer eco -friendly, energy saving materials as a common aspect of their homes. In addition, invest in hi-tech monitoring systems to monitor lighting, heating and cooling throughout the real estate. The security system should also be supported by the latest technology within the building as well as outside.
5. Invest in the latest and high quality fittings.
The luxury home should allow the buyers to enjoy an unparalleled level of convenience and comfort. Ensure you invest in bathroom and kitchen accessories. The bathroom accessory market has taken things to a new level and so you should not be left behind. Features like saunas, garden tubs, spas, heated marble floors and so on should be a part of your real estate. On the other hand, gourmet kitchens incorporating smart appliances, work islands, hidden storage in the cabinets and large space for entertainment should also be featured. In addition, ensure your luxury homes come with an exceptional standard of finish.
Following the above tips will go a long way in ensuring that your luxury property satisfies even the most demanding buyer.
Contact Yuliya Kachko with ONE Sotheby's International Realty for more information about luxury Miami Beach, Bal Harbour and Sunny Isles Beach real estate.
Yuliya Kachko
Luxury Estate Broker Associate
ONE Sotheby's International Realty
c. 305-310-9305
Yuliya Kachko ONE Sotheby's International Realty Specialties Include: Sunny Isles Condominiums, Bal Harbour Condominiums, Miami Beach Condominiums, South Beach Condominiums, Hallandale Beach Condominiums, Hollywood FL Condominiums, Fisher Island Condominiums and waterfront single family home communities including Miami Beach Homes, Star Island Homes, Palm Island Homes, Indian Creek Homes, Sunset Islands Homes, Venetian Islands Homes, Pinetree Drive Homes, La Gorce Island Homes, Allison Island Homes, Golden Beach Homes, Hollywood FL Homes, Bal Harbour Homes.
Miami and South Florida Best Developments
Yuliya Kachko ONE Sotheby’s International Realty presents the latest best oceanfront projects in Miami, penthouses for sale Miami, preconstruction condos in Miami and South Florida. See below some of the best oceanfront real estate developments in Miami.
- Prive Aventura - Expected completion 2017.
- Marina Palms – Expected completion 2016.
- Bellini Williams Island - Completed January 2014.
- Echo Aventura – Completed January 2016.
Oceana Bal Harbour – Expected completion 2017.
St Regis Bal Harbour – Recently Completed in 2012.
- ONE Bal Habour - Recently renovated. Completed in 2007.
- Majestic Tower Bal Harbour - Completed 1998.
- Bellini Bal Harbour - Completed 2005.
- Park Grove – Expected Completion 2018.
Grove at Grand Bay – Recently Completed 2016.
- Grovenor House Coconut Grove - Recently Complete 2016.
- Palazzo del Sol – Recently completed 2016.
- Palazzo della Luna - Broke Ground summer 2016
- Trump Hollywood - Completed in 2009.
- Diplomat Hollywood - Completed in 2006.
- Hyde Beach – Expected completion 2017.
One Thousand Museum – Expected completion in 2018.
Missoni Baia – Expected completion 2018.
One River – Expected completion 2019.
- Aston Martin Residences - Expected completion 2021.
- Eighty Seven Park - Expected completion 2017.
- Ritz-Carlton Residences Miami Beach - Expected completion 2016.
- L'Atelier Miami Beach - Expected completion 3rd quarter 2017.
- Faena House – Recently Completed 2016.
- Setai Miami - Completed 2004.
- Fasano Shore Club Miami Beach - Expected completion 2018.
- 1 Hotel & Homes – Recently Completed 2016.
- Edition Residences – Recently Completed 2016.
- Beach House 8 – Recently Completed 2016.
- Bath Club - Completed 2005.
- Carillon Miami Beach - Completed 2007.
- W Miami Beach - Completed 2007.
- Glass Miami Beach -Completed 2016.
- Continuum Miami Beach - Completed 2002.
- Apogee Miami Beach - Completed 2008.
- Murano Grande - Completed 2003.
- Icon Souh Beach - Completed 2005.
- Portofino Tower - Completed 1997.
- Murano at Portofino - Completed 2002.
- Il Villaggio - Completed 1999.
- Regalia Miami - Opened June 2014.
- Acqualina - Completed 2006.
- Mansions at Acqualina - Opened January 2016.
- Porsche Design Tower - Expected completion 2016.
- Chateau Beach Residences – Recently completed in 2016.
- 400 Sunny Isles - Opened early 2016.
- Jade Signature - Expected completion 2017.
- MUSE - Expected completion 2017.
- Turnberry Ocean Club - Expected completion 2018.
- Armani Residences - Expected completion late 2017.
- Estates at Acqualina - Expected completion in 2020 Phase A.
- Ritz-Carlton Residences Sunny Isles Beach - Expected completion 2018.
- Aurora Sunny Isles – Expected completion 2019.
- Parque Towers – Expected completion 2017.
- Jade Beach - Completed 2008.
- Jade Ocean - Completed 2009.
- Turnberry Ocean Colony - Completed 2007.
- Trump Royale - Completed 2008.
- Trump Palace - Completed 2006.
- FENDI Chateau Residences - Opening late 2016.
- Four Seasons Surf Club - Opening 2017.
- Arte Surfside - Expected completion 2018.
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