When it comes to investing in Incline Village, NV real estate you may be wondering what you will profit more from: Luxury Incline Village, NV real estate or budget single family homes. First, let us establish what the difference between the two is, aside from the obvious of course.
Budget properties are single family homes for sale in Incline Village, NV that are targeted towards the middle and lower class income bracket buyers. These are generally your average “starter” homes, and while more affordable, don’t have the top of the line finishes, square footage and sometimes desirable location that say a luxury Incline Village, NV real estate features. However, a budget property takes less capital which is appealing for the small time investor that is looking to purchase a home for sale in Incline Village, NV.
A Luxury home for sale in Incline Village, NV specifically caters to investors that have bigger budgets and want first class amenities, top of the line finishes and are located in a desirable area, usually with water frontage or Lake Tahoe views. Really, these investors are looking for exclusivity that only a handful of homes can afford.
Both buyers have the same goal in terms of the bottom line, although the specifics will vary. Luxury homes for sale in Incline Village, NV obviously cost a lot more than a budget home for sale in Incline Village, NV. But does purchasing luxury real estate for sale in Incline Village, NV make more investment sense compared to the cheaper options? It depends on who you talk to.
Market statistics suggest that the number of wealthy home buyers in Incline Village, NV, and Lake Tahoe real estate in general, are on the rise. With so many of our buyers coming from the Bay Area with money to spend, it makes sense that they would want to purchase a larger home that can accommodate more people and that could potentially be used as an extra source of income by renting out to vacationers. Also, these buyers usually have the cash and enough wealth to make the purchases outright and forgo the home loan.
It is safe to say that when it comes to purchasing a home for sale in Incline Village, NV, both types of properties make sense. It is important though to have your Incline Village, NV Realtor run a market analysis before making a purchase. This way, you know which areas are considered of high value and therefore you can gauge your success when it comes to resale. For more information on buying luxury real estate in Incline Village, NV, feel free to give us a call. We’d be happy to help.