Top 4 Mistakes To Avoid While Seeking Your Luxury Home

The top 4 mistakes to avoid while seeking your first luxury home

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Buying a luxury home takes careful consideration and preparation. Unlike a traditional property, a luxury home is generally a far greater investment – so finding the right residence is essential in avoiding costly mistakes. Being aware of potential pitfalls can save you a ton of money and ensure that you are not stuck with any hassles down the line. Here at Fine & Country South Africa, our specialist knowledge of the upscale property market in the country means that we can help you avoid common issues that first-time property buyers face.

 

  1. Not considering your own future goals

 

Not everyone purchases a luxury home to keep it long-term. Before even doing your homework on what the market has to offer, it is best to assess your future goals. For some, buying a property is done to flip and resell it later – which means factors that affect its resale value must be considered. For example, it is far more cost-effective to renovate features such as countertops than it is to replace an entire floorplan.

 

Some buyers may desire a vacation home, or even a property to rent out to high-end seasonal crowds in holiday hotspots such as the coast. Such a residence will need to appeal to tourists and holiday goers and will boast a different aesthetic to typical suburban homes. If you plan on investing in a legacy property to pass on to family, however, this also takes special consideration. Think about amenities such as security, spaces of recreation and entertainment and the ability the property has of meeting your personal lifestyle needs before you go shopping. In this way, you can ensure that any prospective homes you consider already meet your minimum requirements.

 

  1. Relying on marketing for all your information

 

Staged, professionally produced photographs and videos are designed to accentuate the best a property has to offer. This is where partnering with a reputable agency becomes important. Not only will they assist you with homes within your budget, but they can advise you on which listings have the most to offer you.

 

  1. Buying a luxury home on impulse

 

It is all too easy to get swept up in emotion when viewing a luxury home of grandeur. The general ambience and available features may be so remarkable that some prospective buyers turn a blind eye to red flags on the property. It may also include a few easily fixable faults that leave buyers with a lasting negative impression. No matter the property you view, try to maintain an objective eye as you thoroughly inspect all it has on offer. Objective decision-making means that you will keep a clear head about what the future implications of your purchase entail.

 

  1. Neglecting the assistance of industry experts

 

You will not always find a huge selection of luxury homes listed on the websites of agencies that do not specialise in the upper quartile of the market. Often, such properties are unlisted for several reasons, such as protecting the seller’s privacy. Access to these exclusive residences is therefore only possible with the assistance of independent real estate agencies such as Fine & Country South Africa. We also understand market trends and how to help you get the most for your current budget.

 

The best method of avoiding mistakes and small snags during the buying process is to partner with an agency that can offer you expertise, professionalism and a commitment to your satisfaction. Here at Fine & Country South Africa, you can expect all three. For more information on finding your dream luxury home, be sure to contact us today.

DISCOVER MORE ABOUT FINE & COUNTRY

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MULTI-AWARD WINNING


Our consistent efforts to offer innovative marketing combined with a high level of service have been recognised by the industry for an astounding fifth year in a row, winning Best International Real Estate Agency Marketing at the International Residential Property Awards.

INDEPENDENT EXPERTISE


Every Fine & Country agent is a highly proficient and professional independent estate agent, operating to strict codes of conduct and dedicated to you. They will assist, advise and inform you through each stage of the property transaction.

GLOBAL EXPOSURE


With offices in over 300 locations worldwide we combine the widespread exposure of the international marketplace with national marketing campaigns and local expertise and knowledge of carefully selected independent property professionals.

UNIQUE MARKETING APPROACH


People buy as much into lifestyle of a property and its location as they do the bricks and mortar. We utilize sophisticated, intelligent and creative marketing that provides the type of information buyers would never normally see with other agents.

PARK LANE OFFICE


Access the lucrative London and international investor market from our prestigious Park Lane showrooms at 121 Park Lane, Mayfair. Our showrooms in London are amongst the very best placed in Europe, attracting clients from all over the world.

Our International Network


Connecting offices on over 300 locations worldwide, our referral system combines local knowledge and expertise with an international network to find the right buyer for you wherever they are, at the same time as finding you your ideal next move

Our International Websites

United KingdomFranceHungaryCyprusGermanySpainPortugalMauritiusHong KongThailandNamibiaNigeriaSouth AfricaAustraliaFloridaZimbabwe

SOCIAL MEDIA

We interact with customers on the main social media channels including Facebook, Twitter, YouTube, LinkedIn and Pinterest, giving each property maximum online exposure.

 

Media Centre


MEDIA CENTRE Our internal Media Centre is a team of experienced press relations managers and copy writers dedicated to liaising with newspapers, magazines and other media outlets to gain extensive coverage for our properties in national and local media.

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Fine & Country Foreign Exchange


We have partnered with IFX, one of the world’s leading foreign exchange specialists to provide private and tailored currency services for all of our clients buying and selling luxury property around the world. Find out how we can help »