Are you ready to buy a home? The benefits of buying a luxury home reach farther than exquisite landscapes and interior design, especially for young people. Along with cutting-edge technology and floor plans that seamlessly balance work, relaxation, wellness, and entertainment, a new luxury home also offers a host of long-term advantages over an older home or a rental. Here, Segal & Morel explores a few of the main benefits young people have found in buying a new luxury home.
If you work remotely, the layout and comfort features of your home can make all the difference in your day. With more and more young people making their home office their primary office, having a comfortable, dedicated place to work is a top priority. Luxury homes offer spacious indoor settings where work feels most comfortable for you. Luxury indoor spaces and lush outdoor amenities encourage wellness and seamless routines that don’t include a long commute.
Room for Growth
Aside from a dedicated workspace where you can grow as a professional, luxury homes offer ample room to grow your familial and/or social circles. A luxury home lets you create a sense of community on your terms. Spacious floor plans provide plenty of room to separate work and play spaces, and private properties allow you to gather and park free of the typical landlord restrictions. From ensuring your future kids have access to plenty of space to plan and maintain a healthy social life, your new home can provide plenty of room to expand in all the ways that make life feel fulfilling for you.
Equity and Resale Value
As a young homebuyer, think of your aspirations for the future. If you consider your new home as an investment, the long-term advantages of building your own luxury home outweigh the short-term conveniences of renting a luxury condo. The more money you pay into your mortgage, the more your equity grows. Plus, you can borrow against the equity in your home to finance future additions and improvements or for other life needs. While it’s important to consult your financial advisor before borrowing against your home’s equity, many homeowners have found it to be beneficial. Should life take you elsewhere, any improvements you make can help boost the resale value of your home down the road.
A move-in-ready home with new appliances, HVAC systems, plumbing, and other critical components can put off the cost of repair for years and save valuable resources. According to the National Association for Home Builders, more and more young people are opting for greener homes. Saving more than just money on your utility bill, an energy-efficient home is better for the environment. From the exterior design to the overall operation of a home, several features can minimize environmental impact, including:
- Water heating
- Indoor air quality
- And more…
At Segal & Morel, we proudly offer luxury homes that are compliant with Energy Star. Building an Energy Star home can give you access to national Energy Star mortgage programs and other benefits aside from the peace of mind that comes with knowing your home is Mother Nature approved and certified to be more efficent. For more information about the construction advantages of building a new luxury home in NJ and PA, contact us today.