Exclusive Properties and Luxury Living – The Real Estate Glamour
When Jon and I are invited to tour luxurious properties, we never turn them down. As a cash home buying business, it is crucial to diversify your portfolio. Exclusive properties are hard to come by in the home flipping business, but when it does, you hold on to them.
Jon is more experienced with exclusive properties and has an eye for them. He categorizes them into physical and aesthetic attributes. “When I first saw Wicker Manor, it was unlike any luxury property I had ever seen. The architecture was spectacular, the aura grand, and my mind was amazed.”
What Are The Types of Luxurious Properties?
When it comes to luxury properties, the options are vast. From penthouses to mansions, exclusive properties offer grandeur.
1. Estate Homes
I would call estate homes the “epitome of opulence”. Estate homes offer privacy and breathtaking views. These are generally located in prime locations, adding to the beauty and luxury.
One of our friends, David, and his family invested in an estate home in Pennsylvania. David plans to pass down the estate to his children and hopes that it will last in their family for generations.
2. Penthouse Apartments
Penthouses are different from estate homes. What estate homes offer in opulence, penthouses offer in spectacular views of the city. Generally, penthouses will feature private rooftops for entertaining.
A client of ours invited us to his penthouse in San Diego. He wanted to renovate the property to make it more exclusive. I hardly paid attention to the business conversation he and Jon were having, as my eyes were glued to the city lights and views.
3. Waterfront Properties
Waterfront properties are another exclusive choice. Their advantage is the serenity the water offers. Many waterfront properties feature private docks for boating and fishing.
If your property is near the water, ensure that it can withstand storms and bad weather. A drawback of the waterfront exclusive properties is the need for full-coverage insurance against wind and water damage.
4. Gated Community Homes
Gated communities offer more security and exclusivity. These properties are located in private, secure neighborhoods, with access controlled by gates and security personnel. The homes in these communities are often large and luxurious.
In Philadelphia, a gated community home currently lists for a median of $300,000.
5. Luxury Investment Properties
For those interested in a luxury investment property, many options are available on the market. Luxury properties are generally located in prime areas and offer potential for consistent rental income.
What Should I Consider When Buying A Luxury Property?
When it comes to buying a luxury property, it’s important to consider a few key factors.
- Location of the property
- Size of the property
- Number of bedrooms
- Amenities
Find a Luxury Property Today
We buy homes for cash, including exclusive properties. Brotherly Love Real Estate has had its fair share of luxury properties, and we would be more than happy to share our experience with you.
