Florida Luxury Investment Strategy

Building spec homes can be a lucrative investment strategy, however, just like any investment strategy you need to set yourself up for success.Perrone Construction often partners with their clients to build speculative homes. Throughout their forty-one years in business, they have been highly successful honing a formula that equates winning projects.

Perrone Construction often partners with their clients to build speculative homes. Throughout their forty one years in business, they have been highly successful honing a formula that equates winning projects. Even during the great recession in the United States of 2007-2009, they designed and built two homes that each set sales records during one of the most tumultuous markets in the country’s history. Building speculative homes can be a lucrative investment strategy, however, just like any investment you need to do your homework and set yourself up for success. Here are some basic pointers on what have made Perrone Construction’s ventures in the luxury speculative $2-8 million market successful. 

Property: Finding the right property is obvious, but it is imperative to team up with a top real estate agent who understands the neighborhood you are looking at extremely well. Comparative property analysis is integral and if you design beyond what a neighborhood will support price wise you will inevitably be disappointed. Perrone Construction can assist you in realtor recommendations and property acquisition. Combining their intimate knowledge of what makes each Sarasota waterfront neighborhood special with a comprehensive understanding of governmental rules and environmental factors, we are here to help you in securing land that will enhance your investment. 

Design: Savvy buyers tend to gravitate towards timeless high-end design and quality construction. Spend the money on hiring a talented architect and builder. Hiring a builder with a trusted reputation for unrivaled quality can pay dividends by name recognition alone. An experienced builder can quickly help you understand and incorporate the details that are important to your target buyer and increase the value of your spec home. 

Cutting corners: A penny saved is not a penny earned in luxury spec building. This tactic only works in lower end speculative homes. We build our spec homes exactly like we build for our custom home clients. Understand that these buyers are extremely discerning and will pick up on cut corners quickly, which will ultimately lose you the sale or value in the home. To successfully navigate this target market, you must give them what they are looking for, with no material compromises, as they are accustomed to.  

Should you like to learn more about investing in Sarasota Florida’s luxury speculative market, contact Perrone Construction at +1 941 924 6900 or email at pc@perroneconstruction.com  

www.PerroneConstruction.com