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Benefits of Owning a Luxury Property in Cleveland

lake side living room 3d render

A luxury home is more than just a status symbol. As you’ll learn, it offers many benefits that make it a truly worthwhile investment. Below are just a few of them:

Deluxe features

More than the size of a home, it’s the features that make it truly luxurious. Resort-like pools, chef’s kitchens, spa bathrooms, and home theaters are par for course in such properties. Moreover, many luxury homes are also custom-built so they have features that suit the owners’ unique interests or lifestyle. For instance, wine connoisseurs can have a wine cellar built in, while fitness enthusiasts might commission a home gym.

Top-notch locations

As the old adage goes, real estate is all about location, location, location. And luxury properties are often situated in the most coveted parcels of lands. There are sought-after Cleveland luxury homes on the banks of Lake Erie, for example. Such a home allows you to enjoy lakeside views, go fishing, and kayak to your heart’s content. In many ways, it’s like enjoying a holiday every day.

A good investment

While there are many investment vehicles out there, real estate remains one of the best. To begin with, it’s one of the few assets that you can enjoy right now; in contrast, financial instruments often take years before one can reap their rewards. Real estate properties also tend to see greater valuation because land is a finite resource.

Excellent amenities

Luxury homes are also often located within exclusive gated communities. Such neighborhoods often have clubhouses where residents can enjoy spa treatments, play sports or hold special occasions. Other amenities may also include luxurious pools, golf courses, and nature trails among others. These communities promote a well-balanced and enjoyable lifestyle in a peaceful neighborhood.

Promotes a healthier lifestyle

The ideal location and excellent amenities that come with luxury homes also promote a more active lifestyle. Lakeside properties make it easier to go swimming or take relaxing walks along the beach. Exercise amenities like tennis courts, lap pools, and gyms give you numerous exercise activities to choose from. Staying active is one of the best ways to fight stress, and a luxury home grants easy access to exercise facilities and the great outdoors.

Additional income

Many people use their luxury property as a vacation home. As they only use it a few weeks or months in a year, this means they can rent out the place in the interim and generate additional income from it. This extra income can then help in paying off the house. As a bonus, you can deduct the cost of operating the rental property from your income taxes.

From an improved quality of life to financial perks, luxury home offers many advantages indeed. And here in Cleveland, there are several deluxe properties to choose from in the market.

If you’re thinking of investing in one, let Cici Riley be your partner in your home search. With her years of experience in the luxury market, she can help you find a property that suits your needs, tastes, and budget.

Call 216-831-9310 or send an e-mail to ciciriley(at)howardhanna(dotted)com today to get started.