Many myths pervade the real estate market, particularly in regards to luxury lifestyle homes. For some, luxury implies excess, but that idea is not true. It is important to examine who is buying and what constitutes ‘luxury living’ in order to gain a clear picture of the accessibility of your dream home.
The best part of creating your lifestyle home is that the dream is possible at every age. A common assumption is that young professionals do not want to buy homes and are not entering the market, particularly after the housing crisis. Although millennials may be more cautious to join the ranks of home owners, recent studies show that individuals age 22-34 are in fact more eager than older generations to buy their own homes. However, the market isn’t limited to single professionals. Young families, and even empty-nesters, are searching for the perfect space to make their dreams a reality. Luxury living now means higher expectations and greater access to amenities both inside and outside the home regardless of age or demographic.
Price may seem like the elephant in the room, but the 2013-2014 fiscal year saw growth in earned income, and this trend is expected to continue as the market levels out. Further, luxury homes are built around your long term goals, making them a solid investment. For example, designing a lifestyle home in your 50s may include amenities such as wheelchair accessible showers and handrails. In your late 20s or early 30s? Access to golf courses, scenic trails and a bustling social life are all possible when considering your dream property.
Luxury living is defined differently for every buyer, but the goal is the same: Making your dreams a reality. Regardless of age, a customized home is well within your reach. By working with us here at Green Ridge Builders and creating a feasible financial budget, there is nothing stopping you from living luxury NOW!