Avoid These Pitfalls When Buying a Luxury Home

You’ve saved and planned and are ready to buy your #luxury real estate. You’ve found some possible winners and checked out all their beautiful amenities. What could go wrong?

Plenty, at least if you don’t do your homework before putting in that offer. According to this recent article in Business Insider, there are three common pitfalls facing unwary luxury home buyers.

Overpaying – Be sure to consider the future resale value of your dream home. While you may love it today, you may want to sell it in the future. Overpaying is a sure way to keep you stuck in a home that you may no longer love down the road.

Going Extreme – Sure that edgy feature seems cool today, but will it stand the test of time? There’s a reason older homes become classics – they incorporate timeless amenities that don’t point to a specific trend or era. Unorthodox design elements that seem cool today, might seem like an albatross in a few years.

Not Considering the Future – While the contemporary structure with the floating staircase might appeal to a younger couple, what happens if they decide to start a family? Suddenly, a handrail-less feature doesn’t really work any longer. Look for homes with flexibility and growth potential.

If you’re in the market for upscale real estate in Jacksonville and the greater Florida area, please visit our website to find out more about our personalized service. We’ll help you close on your new luxury residence, vacation home or investment property.