Right-Sizing: Luxury without Compromise
An emerging real estate trend has baby-boomers foregoing “down-sizing” in favour of “right-sizing”.
January 23 2019
January 23 2019
An emerging real estate trend has baby-boomers foregoing “down-sizing” in favour of “right-sizing”. Right-sizing is often a lateral move where homeowners choose to give up space or acreage in exchange for increased savings in luxury homes with sought-after features and maintenance free living.
With the growth in the real estate market people are recognizing the significant value of equity they have built up in their homes over the years. Higher home values are encouraging some people to consider how they can take advantage of the equity in their property. In response, developers are creating homes with an attractive value, a smaller footprint, high-quality craftsmanship and resort-like amenities.
The opportunity to experience luxury with a smaller run cost or less maintenance is tempting people to make the move from their family homes and estates to amenity-rich community living. The right-sizing trend is encouraging densification in established neighbourhoods with the construction of multi-family communities that do not compromise on luxury.
Developments such as Paradise Estates offer those that have lived in West Kelowna for years a way to stay in the neighbourhood while offering a manageable, luxurious waterfront community to call home. Each home in Paradise Estates offers over 3800 sq. ft of thoughtfully designed living, a private elevator, wine cellar, rooftop patio and high-quality craftsmanship. The waterfront community offers a pool, putting green, sandy beach and even a private marina. Paradise Estates is the epitome of “luxury without compromise” and defines exactly what it means to Right-Size.