Luxury real estate is a term used to describe any property that is considered to be of a high standard, be it location, design, features, or amenities. Properties in this category can encompass everything from high-end apartments and condos to waterfront estates and mansions. When investing in luxury real estate, you are looking for properties that offer unparalleled comfort and convenience. Some of the country's most famous luxury real estate options are Naples, Florida. Naples is a city with a lot to offer, from its many waterfront estates to its vibrant nightlife and stunning beaches.
There are many beautiful luxury homes for sale in Naples, so here are things to look for when investing in luxury real estate:
When looking to invest in luxury real estate, you want to make sure you find a property that offers unique luxury features. Some of the luxury features that you should look for in a property include:
Unique architecture or design
Complimentary services or amenities that only this property offers
Private pools, hot tubs, or beach access
Digital lighting, curtains, and other features
Luxury homes are more than square footage, but the overall grandeur of a home and its appearance. It means high-end details and appliances, an upscale location, and one-of-a-kind qualities. Not all luxury homes are the same. It is essential to find one with the rare combination of luxury features you want without wasting a large amount of space. The home should offer something unique either in the interior or exterior. For example, a private elevator, a heated pool with a tanning bed, or an infinity pool all add to the luxury factor. Look for features and amenities that set a property apart from other luxury real estate.
Different investment options
When looking for a luxury investment property in Naples, it is critical to consider how you intend to use the property. It is a strictly personal investment as a second home or vacation home, a rental property, or a mix of both. The purpose of an investment property can be as simple or complex as you want them to be. You can entertain in style, relax and rejuvenate in your own private oasis, or use the property to generate passive income. There are endless possibilities, so think about what you want to use the property for and find a home that offers the features and amenities to make that happen. If you are going to use the property to generate income as a short-term or long-term rental property, the criteria in your luxury home may be different than if you wanted to use it as a personal home. As a rental investment property, you should look for:
Waterfront location or proximity: Many short-term renters are looking for a beachfront getaway with quick access to the beach. You may not mind a drive to the beach, but property within walking distance to the beach will bring a higher income.
Bedrooms and bathrooms: When guests are staying in a home, they look for space and privacy. Having a desirable number of bedrooms and bathrooms to host families or multiple guests can attract consistent renters.
Maintenance: If you do not live in the area or do not want to be responsible for regular maintenance on the property, you may want to consider a luxury condo or work with a property management company to run your rental when you are not using it.
As you view each luxury property, consider these and look for ways potential renters may want to use the space. Catering to the majority of renters can make your investment more lucrative.
The best luxury real estate agent
Naples real estate is a hot and fast-paced market, but luxury homes work slightly differently. Investors looking for a luxury property should be aware that not all of them are listed on the open market. This is because luxury properties are often owned by prestigious families, celebrities, or athletes and do not list the home for the general public. Off-market listings mean that investors looking for a luxury property may need to do a little more work than those looking for a more affordable property. It is critical to find a luxury real estate agent who is familiar with the types of properties you are looking for and has a network to connect you to available homes. Not all real estate agents are experienced in luxury real estate, which is a vital distinction when determining your criteria for property and an agent.
When investing in Naples luxury real estate, there are professionals that can make your decisions and plans streamlined and straightforward. Look for certified and experienced professionals that can make your investment run smoothly. Financial advisors are a valuable asset when investing in luxury real estate. Not only do they have experience with the types of properties you are looking for, but they can also guide you on how to best use the property and help you to avoid common mistakes. Advisors can also provide insights into how the market has changed and what the future may hold for luxury real estate. Financial advisors can help you make wise investments that protect your goals and assets. A property manager or management company is another partnership that can make your investment more worthwhile.
Property managers are an essential part of any luxury real estate investment. They play a huge role in ensuring that your property is well taken care of and meets your specific needs. When you are looking to buy a luxury property, it is important to find a manager who will work with you to create a plan for the property. A well-managed property can bring in a high amount of income, so it is crucial to find someone who can help you grow the property over time.
Ready to find a luxury investment property in Naples? O’Neill Residential
can help you navigate the Naples real estate market. Start your home search today