Tips for Maximizing Your Luxury Home Investment
Building a custom luxury home is an investment here in Santa Fe, NM—but if you build it and time it right, you could see great returns on that investment. Real estate tends to be a more stable investment than precious metals, stocks and currency, so long as you build a quality home in a good location.
If you’re getting ready to build your own luxury home, read these tips to find out what makes a good luxury home investment, and how to position yourself so you’ll be poised to receive the best returns if you decide to sell.
Location, location, location
Building a million-dollar home in an undesirable location degrades the value of your home, while building close to major attractions, in established or up-and-coming neighborhoods or on large parcels of land can make your home more appealing to potential buyers. Everyone’s ideal location varies depending on their lifestyle, hobbies and budget, so consider your priorities when scouting out potential land. The closer you can build near major infrastructure and amenities, the better.
Make curb appeal your priority
You wouldn’t build a blocky concrete fortress and expect buyers to jump on it, would you? Making sure that the exterior of your luxury home is as beautiful as the inside will maximize your luxury home investment in Santa Fe, NM. Since it’s a custom home, you’re not limited by HOAs or subdivision aesthetics—but before your design gets too creative, remember that for maximum resale value, you should opt for twists on a classic style. Whether that’s ultramodern clean lines, warm and welcoming rustic chic or a pueblo-style home, curb appeal counts for a lot.
Consider your design
The best part about a custom home is that you can build it to your exact whims and desires—which is also the worst part, if you’re the type of person who doesn’t want to rein it in. We suggest talking to your builder about features and amenities that will last for a lifetime and will add resale value—aging in place flexibility, wine cellars, extra storage, media rooms and more can make your home unique, yet still desirable to other buyers.
Don’t forget to take location in mind when you’re designing your home. Take advantage of spectacular views or other natural features of the land to make a truly one-of-a-kind house.
Go green when possible
These days, buyers are all about going green—environmentally-friendly homes that are designed to reduce or eliminate your carbon footprint are more popular than ever. Green homes tend to save money on utilities, which is extremely attractive to home buyers. It’s also smart to capitalize on growing climate consciousness—you can make your home into something you feel good about building and future buyers will be happy to snatch up.
When you’re ready to create your own custom luxury home, the team at Apple Construction LLC is here to help. Call us today to get started enjoying the most possible return on your luxury home investment in Santa Fe, NM.
Categorised in: Custom Homes