Tag: luxury property renovation

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How a Luxury Community Serves You – Pros and Cons of Luxury Gated Communities  

 

We all have our expectations of how our living spaces will be once we decide to purchase property. Savvy home buyers are more meticulous in their search and expect the highest standards without compromising on their needs. However, within any living space, there are challenges to be expected amidst all the advantages. Today we will be sharing the Pros and Cons of Luxury Gated Communities.

 

Pros of Luxury Gated Communities

 

Convenience

A luxury gated community is built with the intention of providing necessary and premium amenities. They typically offer gyms, swimming pools and a wide range of recreational spaces. Gated communities are also often centrally located and well-connected to nearby cities. This makes them accessible to the best schools, hospitals, offices, restaurants and shopping centres.

 

Property Maintenance

With a purchase of a Bessa property, you have access to quality property maintenance all year round for all your amenities and landscaping needs. Overseas? No problem. At Bessa, we ensure that the common areas of your property are well taken care of and maintained. This is a significant benefit for homeowners in gated communities as opposed to those who purchase stand-alone homes who have the personal responsibility of maintaining their properties. Additionally, within a gated community, costs to perform property maintenance are usually shared among all residents within the community, so your expenses are significantly reduced.

 

Safety and Security

Luxury gated communities are facilitated with 24-hour security and surveillance. You can avoid unwanted visitors, and intruders can be kept away at the gate as security is expected to do the necessary checks with you before allowing anyone inside. These communities also contain CCTV cameras, electronic fences and  intercom systems available on the premises for your protection.

 

Controlled Access

Luxury gated communities consist of strict gate policies to regulate the entry and exit of each individual. With only residents and invited guests allowed through the gates, the likelihood of encountering crime or unwelcomed behavior within the community is greatly reduced. Gated communities don’t completely stop crime, but they do deter it, particularly if there is a security guard at the gate rather than just a keypad entry.

 

Cons of Luxury Gated Communities

 

Expensive Costs

Living in a luxury gated community can be pricey. You may be required to pay homeowners association fees which can come with a hefty price tag as you are paying extra for the maintenance and security fees. However, as aforementioned, costs are shared by residents within the community as opposed to living in a non-gated community where you will be solely burdened with all maintenance costs. Therefore, although expensive, costs are shared and ultimately reduced.

 

Restrictive Rules

Many private communities consist of specific rules that residents are required to follow. This could include what colours to paint your house or even how high the grass in your lawn is allowed to grow. Ensure that these rules are compatible with your lifestyle before making an offer to purchase. These rules often ensure a consistent look and feel of common areas within a community, and establish the type of behaviour expected of residents and their guests. This oftentimes assists in the maintenance of property value.  If you’re big on individuality and self expression, or you have a much more laid back approach, it is possible that you might struggle with these restrictions.

 

Gatehouse Frustrations

It can be very appealing to have restricted access into the community since it may deter unwelcome visitors. However, it can be frustrating when you have to go through those gates every day. You may have to wait in a line just to get in or out depending on what times you tend to come and go. Also, each time you’re having guests over, you will have to inform the guard so that they can gain entrance, which can become frustrating.

 

Overall, living in a luxury gated community has significant benefits that will allow residents to attain greater means of security while still accessing important resources. They also have access to quality property maintenance at reduced costs as opposed to standalone homes or those in non-gated communities. However, all living spaces have their share of challenges and that’s why it’s important for potential homeowners to make strategic decisions regarding what elements they are looking for when purchasing property.

 

For more information on Bessa Properties, click the link below.

http://bessaliving.com/our-properties/  

 

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How To Choose the Right Investment Property

An investment property is a solid investment option with the ability to grow your wealth long-term. It can be an attractive option for those seeking passive income or an additional financial security during retirement. To help you move forward on your investment journey, here are a few factors to consider when choosing the right property.

1. Look for Growth Areas

It is important to stay abreast with factors such as population growth, the state of the economy or the development of local infrastructure. All these factors contribute to the appreciation of your property’s value overtime. Oracabessa, St Mary for example, is seeing a major growth in infrastructure and will only get better in the future. It’s always great to get in “before the get-in gets expensive”.

2. Choose Low-maintenance Properties

Look for a property that is ready to be moved into or rented out immediately (unless you have big plans to add value through renovating). Choose one with little to no maintenance, as properties with pools and large gardens need time and care. A similar property on a smaller block with a pool or garden for all the residents to enjoy will be easier to maintain, as there will be a designated caretaker.

3. Figure Out What People Want 

Be sure to choose a property type which appeals to your target market. A small unit may be more affordable than a house, but if the local market consists of  large families, your investment property won’t appeal. A Bessa Investment Property will attract individuals who are looking for a vacation property near the beach and away from a crowded city. Factors such as off-street parking or proximity to public transport are also important to consider. 

4. What are the Future Plans of the Area

It is important to learn what plans are in place for an area’s development when investing. This will help you decide if the area is the right fit for your property. Development and council websites provide information on upcoming infrastructure projects. Consider any residential developments going up near amenities, such as schools and shopping hubs. At Bessa, the nearest shopping district is in Ocho Rios which is a few minutes away. This means you may need some form of transportation or plan to spend money on transportation.

5. Getting What You Want

The most important thing when choosing the right Investment Property is getting what you want!  Be sure to do the necessary checks on the property to ensure that all amenities are working effectively. Ensure that the electricity is set up correctly, no leaks in the pipes and a proper sewage system. These are the simple things that people often overlook that can cause the most damage. If there is an extra cost to check that things are up to code, add it to your budget. Choosing the right investment property requires adequate research, so garner the facts from as many sources as you can.

For more information on Bessa Properties, click the link below

https://bessaliving.com/our-properties/

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Bessa’s Ultimate Guide to Luxury Property Renovation

The renovation of a property is a huge undertaking and can even be stressful for most people. However, there is a true reward that comes from owning a property and even a greater reward when you can customise the space to your liking. Renovating your luxury property is a great way to elevate the space and increase its value.  

If you’re considering the renovation of your new property, then read on for all you need to know on how to complete the project to a high standard. 

Pricing the Renovation

Before committing to renovating your property, It is important to decide if you will be renovating the entire house all at once, or doing select rooms in stages. In this same breath, start looking for Interiors Designers and discuss with them your vision for your property; how do you want it to look and feel? After discussing your vision with them, request a quote, as this will give you a clear understanding of all the expenses for the project.  

Reconfiguring the Space

There are some properties, especially strata developments that will have limitations on how you can reconfigure the building. Reach out to the builder or a surveyor to find out the rules that apply when changing the outside of the property. You can then adapt accordingly to ensure you get a final result that you’re happy with but also aligns with strata regulations.

Use the Original Features to your Advantage

The great thing about BESSA, is the modern decor style and open-layout plan within our properties. This includes high ceilings with wooden panels, french windows and basic furniture. If you desire to modernise aspects of the home, such as the decor, you can do this whilst ensuring that the more modern touches fit neatly alongside the original features of the property. This will bring out the beauty of the existing architectural design. 

Decoration

Once the structural changes are in place, it’s time to take things up a notch by decorating your property. This is all about your personality and creative vision coming together within your space. With the help of your interior designer, begin gathering inspiration of various design styles, themes and colour palettes that align with your aesthetics. At BESSA our design style is described as “Tropical Caribbean Luxury”, which is an elevated take on contemporary meets beach house chic. We have played on using modern features and mixing them with interesting pieces like a light-fixture made of wicker, that we’ve used in our Living Room space. It is important to know what you are taking on, how much it will cost and what changes are legally possible for you to make to the property should you wish to. Once you have the relevant facts, renovating the property can be a rich and joyful experience for you and your guests.

If you are interested in purchasing a property overseas, click the link below to learn more. https://bessaliving.com/our-properties/