Just How Much Will That Luxury Home Cost You?

Even people who are very wealthy can get in over their heads.

It’s not unusual for buyers to purchase real estate without truly understanding what it’s going to cost them, especially when it comes to that drop-dead gorgeous waterfront home they fell in love with at first sight.

Mari Adam spoke with writer Robyn A. Friedman of the Wall Street Journal to share tips – and potential pitfalls – when it comes to shopping for that beautiful vacation home or luxury getaway. Our emotions can often get the better of us, and some homebuyers find it’s too easy to make impulsive decisions without doing their homework or carefully running the numbers. High-end homes in areas like Florida, where we live, can involve substantial annual insurance, tax and maintenance costs, so it’s important to budget properly.

So if you’re in the market for real estate, check out Robyn’s Wall Street Journal article to learn what to look out for before you make an offer you just might regret.

About Mari Adam

Mari Adam, Certified Financial Planner™ has been helping individuals and families chart their financial futures for over twenty-five years. Have a question about your financial situation? Ask Mari!

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One Response to Just How Much Will That Luxury Home Cost You?

  1. Work March 11, 2021 at 2:03 pm #

    LOL – don’t I know it!

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