Lottery Winners invest in Real Estate

Play Lotto now and you may be one of the Lucky Lottery Winners

Upon winning the lottery jackpot, most people would immediately think of moving to a more posh neighborhood. Who wants to live in a boring three-bedroom house when you can afford the most luxurious homes this world has to offer, be it a cliff-top beach house in Knysna, South Africa, or a hideously expensive loft apartment in Hyde Park, London. Investing in exclusive real estate seems like a smart move when you have a cash-flushed bank account.

Why Lottery Winners Should Invest in Real Estate

  • It gives you a sense of stability and security for lottery winners, a place to call home in between traveling the world.
  • It is an investment in your future. The super-rich invest wisely in their tomorrows and so should lottery winners; they know money has an uncanny knack of disappearing if one does not take care of it.
  • Real estate is seen ‘as the top alternative-asset class to own this year’, according to Morgan Stanley in an article by Margaret Collins and David M. Levitt on Bloomberg.

Location, Location, Location

Many real estate agents will advise their clients to ‘buy the most economical (read cheapest) house one can find in the best neighborhood one can afford’. However, if you win the lottery jackpot, you can go for gold. There will be no reason for you to look at ‘affordable’ homes. You can splurge on mansions and castles without even looking at the price tags.

Imagine how incredibly satisfying it will be to matter-of-factly inform the snooty estate agent you will take the multi-million dollar mansion and pay… CASH!

Do not forget, buying a house is only half the fun. You want a Ferrari or Porche (or both) in the driveway to complete the ‘I just won the lottery jackpot’-look! You will also want to shop till you drop to fill your new home with gorgeous, custom-designed furniture perfectly befitting your new financial status. How about tastefully decorating your home with aesthetically pleasing artworks collected on your travels abroad?

Lottery winners Invested in Posh Real Estate

  • In 2011, Colin and Christine Weir from Largs, Scotland won an incredible €185,000,000 on the EuroMillions jackpot. They forked out a whopping £3.5million on their dream home.

The Most Expensive Penthouse in the World

Perching on top of a 49-story building in Monaco, the Tour Odeon Penthouse which spans 33,000 square feet and has 6 bedrooms, is scheduled to hit the market this year with a projected asking price of more than $250 million.

REFERENCES

http://www.mirror.co.uk/news/uk-news/euromillions-winners-colin-christine-weir-3142149

http://hiconsumption.com/2013/03/250-million-monaco-mansion-the-worlds-most-expensive-penthouse/

http://www.bloomberg.com/news/2014-02-06/millionaires-see-real-estate-as-top-investment-for-2014.html

This article originally posted on http://play-uk-lottery.com/ and re-posted here with permission.

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