Andrew Ragusa, Ceo/ Broker Tips On Selling Your Home In the Hamptons – Metropolitan Magazine

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“I think Condos and luxury rentals are going to be the next in-demand real estate products. Buyers are starting to be more service-oriented and the maintenance that comes with homeownership is not for everyone. Luxury rentals that include amenities and services will be a big hit soon.

Rentals are positioned to boom over the next 5 years as prices keep going up and the consumer looks for convenience more than they value long-term investing. People can take the money they would use for a down payment and to maintain a property and invest it into other wealth-building resources while they rent. There is a lower cost to live with rentals since no renovations are done by the tenant, no mortgage interest is accrued, and no wear and tear maintenance is performed by the tenant. A flat fee for living with amenities is going to be the next big thing.” 

Website: remiagency.com/

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