For decades, real estate has been widely considered to be a safe avenue for investment. Investors usually flip, rent, or own spaces that appreciate in value. Investing in real estate is a smart way to diversify your portfolio, form a buffer for uncertainties, and earn great returns in the long term.
And in recent times, there has been a lot of limelight on investing in luxury real estate. If you have the means, you might consider investing in such properties, because of the lucrative ROIs that they provide.
But before you go ahead and start buying properties in every city, there are some factors that you should keep in mind.
But aren’t all luxurious properties the same?
Definitely not. That’s why it is important to learn about the features that will help you categorise a property as “luxurious”. Before you invest in luxurious real estate, know that there is much more to luxury than a price tag.
So, what are these factors that add value to a property?
It is important to choose a property that has the right location. People are likely to advise you to buy a property in a ‘good’ neighbourhood and stay away from the ‘bad’ neighbourhoods.
But, if you really want your property to appreciate substantially in value, it is more complicated than just good or bad neighbourhoods.
But, just like everything else, neighbourhoods change.
So, what you want to do is research the market and determine a neighbourhood that is on the verge of being the ‘next best’. As an early entrant in the market, you are more likely to earn impressive returns as the neighbourhood thrives in the future.
It is well-known that amenities tend to increase the desirability of residential apartments. These facilities upgrade the kind of lifestyle that a property offers to its occupants.
A well-equipped gymnasium lets occupants sweat it out in the comfort of privacy, an indoor gaming zone is great for children on rainy days.
In fact, you should expect amenities like a swimming pool, a children’s play area, a multi-purpose hall, and a walking track from a luxurious property.
This is one of the most overlooked features of a building. Especially when it comes to a luxurious property, it is important to look into the level of attention to detail paid by the developer.
These details might seem minute to you, but they make a world of difference in the long run.
With this in mind, you should focus on considering factors such as the brand of bath fittings and the quality of tiles used for flooring when making your decision. These play both functional and aesthetic roles in adding to the luxury of your property.
Not to mention that a feature like earthquake resistance is sure to be of value.
Luxury is defined by exclusivity. As a result, you should determine the amount of privacy your property offers.
One way to ensure privacy to the point of seclusion is through security features. These days, luxurious properties have features such as 24*7 CCTV surveillance and provision for intercom in each home.
Great. Is there anything else that I should keep in mind?
When investing in luxury real estate, remember that you are in for the long haul. Hence, you should focus on details that will make sure that the property will age gracefully.
In an era when day-old news becomes obsolete, it is an incredible feat to own a property that can be passed down through generations.
All in all, it is very crucial to deliberate upon those aspects of a property that cannot be changed. For instance, you cannot change the wind direction, the direction from which the sun rises, or even if your property is on the flight path for large aeroplanes.
These are factors that you should research and take note of as well as make sure you’re fine with them. If you don’t like the colour of your bedroom walls, on the other hand, you can easily change it.
Gone are the days when a home was just a roof over your head, a place to shelter your family. The homes of today are much more than just brick and mortar structures.
Especially in the post-pandemic era, our homes have almost become our world. They have become a space where we can work, thrive, and grow. And at the same time, where we can relax, indulge, and celebrate.
If you are looking to invest in luxury real estate in Ahmedabad, you’ve ended up at the right place. The August by Lionarc has all the space, amenities, community, and privacy of an impressive luxurious home. And of course, it has all the details that make it a great investment for luxurious investors.