Washington, D.C., is known for its rich history, cultural heritage, and thriving business environment. As a result, it attracts people from all over the world looking to settle in this vibrant city, making it an ever-growing real estate market. And there’s nothing better than a beautiful modern home. With sleek lines, open floor plans, smart home technology, and proximity to a major cultural hub, the reasons why this type of home is popular are endless.
It’s no wonder investing in luxury-focused real estate in the D.C. area is an excellent and essential opportunity when it comes to financial planning. Not only can it be a successful path to securing one’s future, but it can also be a lucrative source of income. Keep reading to discover the many benefits of investing in a modern luxury home in Washington, D.C.
Many unique neighborhoods
Not only that, but D.C. faces federal restrictions on the height of buildings, which ensures that no building is taller than the Capitol. This means there’s a limit to how high residential apartment complexes can go, which limits the available space for homes in the city, making established homes even more valuable. This drives up the demand, resulting in a steady increase in property values, making investing in luxury homes in D.C. a lucrative option.
High return on investment
After all, in today’s day and age, comfort and status are of the utmost importance. A modern home that features luxurious, top-notch amenities drives up the value. While historic homes are beautiful, trends show that luxury homebuyers don’t want to see outdated amenities or designs; they want homes that are new, up-to-date, and the pinnacle of comfort. Washington, D.C., luxury homes can provide just that, and as an investor, you’re likely to see your return on investment grow.
Potential for rental income
Additionally, many millennial professionals and executives prefer to rent luxury homes rather than buy them. This is because doing so provides them with an increased level of convenience and flexibility. By catering to this luxury-minded clientele, investors can take advantage of this niche market and earn high rental yields, making investing in modern luxury homes a profitable investment.
Protection against inflation
Less maintenance and less worry
Why does this matter? When a property is built with luxury in mind, it takes much longer to depreciate. You won’t need to immediately deal with hundreds of repairs or address intensive wear and tear. Low-maintenance features, like energy-efficient appliances and smart home technology, can reduce the need for frequent upkeep or replacements. Instead, you can focus on building your own personal wealth and success. And when you are ready to sell, the high-quality materials and finishes are sure to fetch you an incredible resale price.
There are many modern luxury homes in Washington, D.C., awaiting your attention, so if you are interested in investing, listModern is ready to help you find the perfect property for your goals. By teaming up with listModern, you can expect an unwavering commitment to success. Reach out today.
*Header photo courtesy of listModern
Recommended Reading: 3 Things to Look For When Searching for Washington, D.C. Homes