How Water Adds Luxury To A Property

A look at a property expert’s views on why living beside a water body adds luxury to a property’s value.We check out why any waterbody adds luxury to a property price — whether it’s a lake, ocean or river. The allure of water and living beside one makes it welcoming to come home. These water bodies definitely add luxury to any domicile.

You will need to inspect the property carefully to make sure the property is up to standard. You should also look for any additional costs and hidden costs. Flood insurance may be necessary. Higher maintenance costs may be expected to keep the property charming and in good shape given the high humidity and salt. What is the history of the shoreline? The environment is subject to change, especially with climate change affecting sea levels.

Waterfront hotel-branded residences took off in Asia in 1988 when Aman launched its first resort in Phuket, The Amanpuri. The private residential villas were originally launched below US$1 million. Today, they are indicatively valued in excess of US$10 million.

in Thailand, Bali in Indonesia, Da Nang and Phu Quoc Island in Vietnam, and Palawan Island in the Philippines.Waterfront hotel-branded residences allow residents to benefit from the use of hotel services, facilities, amenities, and security. They have increasingly become more popular with investors who would like to own a piece of paradise but do not use the property all the time.

Although you can never guarantee your investment, a branded hotel-managed waterfront property is an investment with a view, and that could probably be something worth betting on.

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