Luxury real estate is more than just a beautiful home – it’s a life-changing investment. Here’s why you’ll want to invest in a luxury home.
- Appreciation
According to Neighborhood Scout, New Jersey home values increased by 1.76% in Q1-Q2 of this year. The high end of the market, which includes homes worth $1,100,000 and above, saw home prices go up by 2.6%.NJ continues to be a desirable place to live, attracting top-tier buyers who want to come home to a quiet, suburban environment. Reputable school districts and an abundance of recreational opportunities make the Central New Jersey region in particular ideal for families with children.
- Resale value
Luxury homes have a high resale value, due to appreciation and the area’s overall desirability. Central Jersey’s proximity to Manhattan has long made it a huge draw for high-income professionals who want to get away from the frenzy of the Big Apple. This means that you won’t have a hard time finding a qualified buyer when the time comes. - Potential rental income
Even if you don’t sell, a luxury home can pull in rental income. An increasing number of high net worth individuals are opting to rent instead of buy – they want to enjoy all the trappings of luxury without being tied down to any property. - Favorable market conditions
When it comes to luxury real estate, Central Jersey is a fairly balanced market. An abundant supply of homes means that there’s a wide selection of properties to choose from. At the same time, many homeowners aren’t in a hurry to sell — quite a few who’ve placed their properties on the market are willing to wait a while to find a buyer who’s worthy of their prized investment.While you’ll have plenty of options, it’s best to work with a Realtor who can give you access to the most coveted listings in the area. Pagnotta Homes will be happy to assist you. Call 908.436.7947 or send an email to Info@PagnottaHomes.com.
- Privacy
Only a luxury home can give you the privacy you need. Luxury properties can often be found in enclaves where there’s minimal traffic and 24-hour security. They also feature high-end security systems that allow you to monitor the grounds, and alert you to any trespassers.Situated on spacious lots, such homes also offer peace and seclusion – no nosy neighbors, and you can go about your daily business free of intrusions.
- Better living
What truly sets luxury homes apart is the lifestyle they offer. These properties come with a unique combination of features that help you enjoy life to the full. Whether you’re an avid tennis player, a wine enthusiast, or a car collector, you’ll find that unique property that can accommodate your personal interests. - Emotional value
Investing in luxury real estate also comes with intangible benefits. Nothing says “you’ve made it” like a gorgeous home. There is a sense of fulfillment that comes with owning a coveted piece of property – and in one of the most in-demand markets in the nation no less. There’s also no substitute for the stability that comes with homeownership.
Reap the benefits of owning high-end property. Start your search for NJ luxury real estate today.
For more information about Bridgewater and Basking Ridge, NJ real estate, get in touch with me today at info@pagnottahomes.com or 908.436.7947.