Real estate investment experts across North America seem to be shouting from the rooftops about the incredible opportunities available for potential homebuyers. With the amount of foreclosed homes over the last few years, the real estate market is certainly favoring buyers. These foreclosed homes in areas ranging from slums to affluent neighborhoods and everywhere in-between, are keeping home values from rising as much as we had come to expect over the years.
If you are someone who has been waiting for the right time to upgrade to a luxury home, there is no better time than now. Luxury home investing is one of the most popular areas of investment across North America. The reason? Luxury homes are not immune to economic downturns, and the same goes for their owners. Prices per square foot of luxury homes are currently at incredible values and owners who may be in a rough financial situation are more willing to bend on negotiations due to the immediacy of their needs. Luxury homes, regardless of location, have also proven to be a reliable long-term investment, for those able to ride out the ups and downs of the economy over the years.
What should you look for when purchasing a luxury home?
We think that it is very important to first know exactly why you want to own a luxury home. Are you looking for the perfect