Bathrooms add great value to Highlands NC real estate. Luxury homes in particular gain great appeal from updated bathrooms that offer amenities that are highly sought after. From multiple shower heads to heated floors and everything in between, there are upgrades you can make to the bathrooms in your home that can add value and make an impact on potential buyers.
Low rates make jumbo home loans appealing for buyers and owners of Highlands real estate. Cash buying is great when it can save money but utilizing a home loan can keep you cash where it should be, making more money. While it is expected that rates will start to increase by the end of summer or early fall, right now these rates are low and extremely attractive to buyers of luxury homes in Highlands NC and around the nation.
A low down payment could mean a higher interest rate when buying luxury homes in Highlands NC. The financing of luxury homes typically involves a jumbo loan and these types of loans are private, which means the lender can charge a higher interest rate and most likely will. The plus side is that a worthy borrower can purchase a luxury home in Highlands and not have to use up all of his capital to do so, freeing up some cash to invest in other things.
Prepare for a jumbo loan prior to buying luxury homes in Highlands NC. Rates ended the year quite low but where they will go in 2015 is unknown. Likewise it is uncertain how easy jumbo loans will be to secure in the New Year. If you are considering purchasing a vacation home in Highlands NC this year considering getting your ducks in a row now.
Buyers of luxury homes in Highlands NC are looking for comfort and convenience. A home with everything in it makes vacation a breeze, not to mention more enjoyable. From a full service kitchen to comfortable entertaining spaces and everything in between, the more relaxed a home appears and the easier life looks to be in the home the more appealing it will be to a luxury buyer.
An uptick in luxury home sales across the nation is great news for Highlands real estate. The luxury home market is seeing recovery, due in large part to a loosening of lending and more readily available jumbo loans. Going hand in hand with economic recovery is a return to vacation home sales as well. All of this is great news for sales of vacation homes in Highlands NC.
Luxury homes in Highlands benefit from a variety of jumbo lenders. While many buyers and owners who are refinancing may choose a large bank, others choose smaller companies. An improving economy has more lenders jumping into the market, attracted to the luxury market for a sounder investment. Buyers of luxury homes typically have a more solid debt to income ratio as well as more collateral.
This week’s Highlands real estate spotlight is on 2203 Falcon Ridge. This elegant home is located in the Highlands Falls Country Club, a gated community with a great deal to offer its residents. Spread out over three floors, this home offers four bedrooms and four and a half bathrooms on a lot that is just over an acre in size. Offering privacy and views this Highlands home is a must-see.
If you have been considering buying Highlands NC real estate take a look at this stunning mountain home for sale. 615 North Big Bearpen Mountain Road offers five bedrooms, six and a half bathrooms and 5,001 square foot of living space in a home situated on a 1.12 acre lot. This stunning luxury home is located at the top of Highlands Falls Country Club, offering commanding mountain views of both Whiteside and Shortoff mountains. The home is both sophisticated and modern with attention to detail at every turn while taking into account the stunning scenery both inside and out.
Buyers of luxury homes in Highlands NC see kitchens and views as a priority. These are two items that draw appeal and add to the long term investment as well as the enjoyment of a property. The view is, after all, what draws people to Highlands North Carolina in the first place, the desire to enjoy the exquisite beauty of the Southern Blue Ridge Mountains, and the kitchen has always been the most popular room in any home.