Finding land in Weston, Fort Lauderdale, Miami or Palm Beach to build your custom luxury dream home has become much more difficult over the years in South Florida, as the real estate market shows no signs of slowing down, despite a downturn in most nation wide markets.
FT. LAUDERDALE, Fla. - Feb. 8, 2023 - PRLog -- Following multiple Fed rate hikes, financing high-end multi-million dollars luxury, or ultra luxury custom dream homes in Palm Beach, Broward and Miami-Dade counties is costing the Stars, Professional Athletes and the Rich & Famous more of their earnings as well, which has usually meant paying interest rates far in excess of what similar projects would have fetched months ago. The difference between a $50,000 monthly mortgage payment last year to a $70,000 monthly mortgage payment today is significant.
The long term trend for the US dollar remains upwards. This trend will likely continue as long as the war in Ukraine rages, as confidence in the US dollar as a refuge currency keeps steady. Despite lower gasPrices, inflation is still affecting everyone's home buying budget.
"But the Rich and Famous don't want to hear it," says Thomas, "all their lives, they have dreamt of building the ultimate place to call Home, a reflection of their hard work and success. Market conditions are not stopping the wealthy home buyers in South Florida, the demand is still strong for new construction homes."
"They tell our designers and architects what they want, and we execute! Every Client, from Music Producers to athletes and Wealthy International Business Persons want the best there is, from the quality of the rarest materials to the craftsmanship, they want the most qualified builder to build their dream. The wealthy home buyers want the best of everything at every level."
"From the custom theater to the hair salon, some have no limits, but the size of their wallets. Everything is custom designed to their most infinite tastes, everything they want, can be materialized. It may be a spectacular mansion in Weston, or a waterfront stunner on the beach or inter-coastal, the rich and famous usually know exactly what they want. If they can dream it, it can be built says Thomas, custom home builder."
Major factors to consider when financing or refinancing a jumbo loan; whether you are paying over 5% interest annually, how much collateral is required, do you already own the land, or do what to Purchase an already build spec home?
About Thomas Homes
Thomas Homes is a private Custom Home Builder that specializes in new construction homes. The South Florida Home Builder specializes in home constructions between $3 million USD to $50 million USD and above.
Luxury Home Builder
2830 W State Rd 84, Suite 112
Fort Lauderdale, FL 33312
Luxury Home Builder
Photos: (Click photo to enlarge)
Read Full Story - Saturated Market Creates Golden Opportunity for Florida Luxury Custom Home Builder to the Stars! | More news from this source
Press release distribution by PRLog