What’s Your Taste For Luxury?
Depend on the paradigm really -and the budget set aside for lavishness. How much are you willing to spend and how much have you saved?
By compiling data from several sources, it was shown that the top most in the list of luxury options is car, followed close by private pools. And you know it’s easy to deduce the train of thoughts that resolve into the judgment made.
First of all, luxury car buyers wouldn’t be bothered by meticulous plans, details and designs and (worst aspect of all) the construction time. You go to the dealer, sign a few papers then you drive home with the car. You see immediately the fruit of your luxury option choice. You can’t say that with private pools. You have to design, you have to detail, and you have to wait. A good sized pool can take around 3 - 6 weeks to complete. There’s just no waiting time with expensive cars as luxury options.
However, you might not know it, but luxury cars tend to end up being more costly over time. plus its tapering with regards to value over time means you won’t be selling it to its somewhat original price by the time you want to sell it. And yes, there would also be those phantom costs, those maintenance fees, gas fees that may not be apparent the first time you buy it.
Let’s take for instance luxury car that cost around $15,000. That will be the price you will pay if it is cash up front. If it is loan, then you have to pay it slightly higher –plus interest which will ultimately give you $20,000 more or less. Would you also get insurance for it? Of course you would, since it is a luxury item. Then let’s add $4,000 for the next 6 months. Do you use the car often? Then add around $2,500 for the gasoline. Subwoofers, chillers, DVD, add maybe $1000. Totaling it all, you expend around $27,500, for just this luxury option alone.
You’d be surprised how less than that amount you’ll get to spend if you were to choose a private swimming pool for your luxury options, even indoor pools and luxury pools. Here’s my comparative analysis.
Again it depends on the size, the materials used and the cost of labor, material costs, complexity of the designs, and the number of professionals employed...even the prices and value of things on your region. But this should roughly represent your actual cost, more or less.
Because in-ground swimming pools may require extensive restructuring of your property, it could be, for concrete with gunite as the sealant is $17,000 to $45,000; molded fiberglass Shell from $15,000 to $25,000; and vinyl should be somewhere $7,000 to $16,000. For above-ground swimming pool, being the most trouble free it starts at $1,500 to $5,000.
So that means, the mean expense for luxury pools is around $20,000. Adding monthly costs of supplies and bills, let’s say $22,000. Compare it to the 27,500 you have to spend on cars.
One of the best things about private pools is that they also raise property value of your homes. Unlike luxury cars, luxury options such as swimming pools don’t degrade in value – in fact they GROW in value as the place gets populated and industrialized more.
In several affluent regions in United States, especially in warm regions, luxury villa with pools is very prevalent. In South Florida and Orlando, in the Keys, the islands of the Caribbean where the wealthy resides, luxury villa pool is so widespread that it has become so trite. Even vacation houses in these parts feature swimming pools as one of the accommodation benefits.
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