The U.S. luxury real estate market remains stable in the past years, with almost half of the wealthy segment of the market considering buying a mansion within the year, according to a survey of affluent consumers in the United States. The more interesting fact is that majority or eight out of 10 of the survey respondents are younger consumers, specifically those who are under 35 years old.
Why is there are growing interest in buying high-end homes in America? Contrary to popular belief, the reasons go beyond just prestige and status. Neither does it indicate that wealthy home buyers have too much money to spend.
Here are the top reasons why people invest in mansions:
What sets mansions apart from other types of residential properties is that they feature top-grade security in terms of systems and equipment, personnel, and location. They are located in close proximity to hospitals and healthcare providers.
Real estate investment
Investing in the real estate is one of the top ways to grow your money. The value of premium properties rises over time, so if you start investing at a younger age, you’ll reap the returns on your investment earlier than you would if you bought a mansion at a later age.
Comfortable living, next to security, is the biggest advantage of choosing a mansion over other types of residential properties. Nowadays, high-end homes come with electronic security, gyms, gardens, swimming pools, spas, hot tubs, entertainment features, and more.
Modern, technologically driven lifestyle
Hand in hand with comfort, another solid reason that draws the market to luxury homes is the technology it employs for an overall modern living experience.
Therefore, if you’re financially capable of investing in a luxury home, do it as soon as you can to maximize the gains you’re going to reap from it.