Realize Your Dream of Owning a Luxury Home

When we walk around an elite neighborhood comprising of country estates, elegant mansions, and chic penthouse condominiums, the dream of owning one such real estate is rekindled at the bottom of our minds. Like me, you must also have asked a question to your mind - who are the people who buy these stylish homes? What are their income and lifestyle profiles? Let us explore all these questions in this article, and provide you some useful tips for buying a luxury home in case you decide to buy one.

The profile of a luxury home buyer, as discovered by a survey conducted by a banker is as follows:

• 31% pay full cash at the time of purchasing the house. • The predominant buyers of luxury homes are top executives of big corporate houses. • 67% of the buyers belong to the "baby boom" generation (between ages 35 and 55) • 88% of the luxury home owners are married. • If you think about luxury home amenities, then designer kitchens come up as the first priority area. • 89% of the luxury home buyers want their dream home to contain a minimum of four to five rooms. • Nearly half of the luxury homes sold have an area between 4000 to 6000 square feet.

Let me now provide you some useful tips that might come to your help if you plan to buy your own luxury home.

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