How far can your $1 million go in today’s real estate market? Well, it depends on what you’re looking for and WHERE you’re looking at.
The price range of $1 million market is where affordability and luxury living meets. There are places where your $1 million bucks can already give you a mansion, but there are also some that could only get you a decent moderate home. So it’s all about location, location, and location.
Either residential or commercial properties, there are countless choices in Dubai. This city is infamous for its real estate properties built on man made islands that were all sold out even before its launching.
In Dubai, you could rent a sophisticated 3 bedroom A Type apartment with stunning views of Dubai Marina skyline for only 29,166.00 AED per month (approximately 7,000 USD). This elegant apartment is fully furnished with branded appliances and world class furniture. This is one of the rarely available residential properties where the next lucky owner can also get to enjoy the different amenities such as infinity pool, health club, and many more.
This residence provides you a country side style of living all over again. Green grass everywhere, trees all over, and flowers in bloom. No significant landmark of modernized and polluted city.
Unlike other real estate markets, your $800,000 to $900,000 can give you more than 200 plus choices if you go property hopping in this area. Each home is fully furnished, has 3 to 4 bedrooms and bathrooms, and each are build with distinct amenities such as swimming pool, putting green, tennis courts, and club houses.
Boca Raton, Florida
Boca Raton is the home of the most grandest, luxurious, and expensive country clubs and residential estates in the entire United States that some are even on the Forbes List. This side of Florida really defines what comfort and lavish living is. But if you’re observant, you don’t need to have over $6 million just to be a part of this residence.
Your $700,000.00 can give you fully furnished Mediterranean styled houses with 4 bedrooms, 4 bathrooms, swimming pool, and to top it of, it’s waterfront properties. But if you can still stretch your budget up $900,000.00 then you could get yourself a resort style residential property haven.
The real estate economy of Denver in particular is in soaring condition. Almost 73% of homes that are more than $1 million are sold. But despite the success in that price range, your $1 million dollar can still give you a luxury waterfront property in Denver.
Single family homes in Denver starts at $100,000 that has 2 bedrooms and 1 bathroom. Most properties that start at this price range already have community pool, maintenance facilities, snow removal, trash removal, and water sewer. These properties are already a good catch to couples who are about to start a family.
On the other hand, there are lots of hot selling fully equipped and luxurious water front properties with own private swimming pool that you can only purchase for $999,000.
Just always remember persistency and patience is the key ingredient in finding your dream luxurious property. Gather all your options into one list and start narrowing it down until you came into a decision. The hustles and bustles of this entire home buying process can be lessened if you coordinated with a credible real estate team or reading real estate tips.