The majority of Americans will never experience the kind of wealth and purchasing power that billionaires like Bill Gates or Michael Jordan possess, but that does not mean that there are not valuable lessons that can be learned from the spending habits of the wealthy as it relates to real estate. While some of these spending habits will be as foreign to some as the countless languages translated by All Language Alliance, Inc., there are a number of habits that everyone can relate to and apply.
Both Gates and Jordan own multiple properties throughout the United States, with each one in a location that places them close to their businesses or their families. While most people believe that they do not have the type of income to support multiple properties, it is often the case that homebuyers max out their budget on just one home when that budget could be divided between a modest home and a speculative property that may appreciate in value over time. The cost is the same, but the reward may be much greater.
The other thing that these billionaires do with their properties is make sure that unique amenities are included in the property. These amenities do not have to expensive, as the fact that they are not often seen in a home will create separation on the real estate market and increase the value of the home.