Expanding Living Space
A small building company trying to break into the luxury home market can often wedge a foot into the door by bidding on an addition to an existing luxury home. They may have to cut their costs to the bone to get the job, but expanding living space has become a good market. People now find their home has become an oasis, so it makes sense to expand it. Comfort and convenience are the two reasons often cited by home owners, and they are usually willing to pay the price to ensure their addition is as luxurious as the rest of their living space.
The master bedroom has become a prime target for remodeling, and many older homes need an addition to make this area perfect. Being able to add living space makes the entire house more valuable, and a builder can make a good profit doing the work. If they have experience, clients are likely lined up. Those without luxury home experience may find clients by offering faster service and completion dates for their project. Hitting the market at the right time helps.
The majority of work on luxury homes has little or nothing to do with the luxury market. A builder with a good reputation for work that stands the test of time will have all the skills necessary to do the work. Creating or refurbishing the structure underneath the surfaces is an important part of building an addition or doing remodeling work, so the luxury comes in mostly as the finishing touches and surfaces are added.
Luxury homes are created by professionals with a long history in that particular market, but modern builders do have a way in the door. If they have the ability to upgrade a luxurious addition on an existing building by offering less waiting time before the project can be started and done, it is just one way for them to fit into this profitable niche market.