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The New Luxury Buyer, Investing Matters
The New Luxury Buyer, Investing Matters

 
Friday, April 25, 2014
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Luxury buyers are becoming increasingly investment savvy according to a recent report released by Realtor.com. The most important items overwhelmingly reported by luxury home owners in buying another home were resale value and proximity to water. Of all features of a luxury home the luxury buyer is chiefly interested in the view of the home, a chef’s kitchen, and a luxury pool. Notably, 40% of luxury buyers are willing to go over budget for their perfect home. In the Fort Lauderdale luxury market I notice these trends specifically since Fort Lauderdale luxury condominiums have views, offer open kitchens, and have incredible amenities. Many of my buyers are interested in the financial stability of a building as well, considering the rental market in Fort Lauderdale is booming and buyers are looking for investment properties. Below are the findings from Realtor.com and if you are interested in purchasing a luxury Fort Lauderdale condominium or selling a condominium, contact me today.

 

·         30% Current Luxury homeowners that would purchase a primary home

·         23% Current luxury homeowners who would purchase a vacation home

·         40% Current luxury homeowners who would go over budget

·         73% Current luxury homeowners feel resale value is important

·         Most Desired location of Current Luxury Homeowners: waterfro

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