I
ceberg homes, a trend that's taking the world by storm, involve creating luxurious underground spaces in what was once considered dead space. Celebrities like Travis Kelce and Taylor Swift's beau are jumping on this bandwagon, transforming basements into lavish areas for relaxation, entertainment, or even wellness centers. These hidden gems can include pools, gyms, wine cellars, private theaters, and more.
Travis Kelce is reportedly building an iceberg home in Leawood, Kansas, expanding his $6 million mansion with a 396-square-foot underground section featuring space for an indoor golf simulator. The project is expected to be completed by December 2024. This trend may be gaining traction in the US, but it's been popular in London for over a decade, where thousands of basement expansions have been done.
Iceberg homes can also generate extra income when leased out as rentals. However, there are risks involved, including complex construction projects that may not increase a home's appraised value and environmental concerns due to concrete-heavy construction contributing to carbon emissions.
realestate
Travis Kelce's unique abode: Exploring iceberg homes in luxury real estate
Rich and Famous Flock to ICEBERG Houses, a New Real Estate Trend.
Read More - realestate
realestate
Bay Area Real Estate Executives Sentenced for $55 Million Scam
Tax evasion scheme ran from 2018-2022 using falsified income reports.
Read More - realestate
realestate
Kushner brother tapped for French diplomatic post
Charles Kushner, founder and chairman of Kushner Companies, tapped by Trump for US Ambassador to France.
Read More
realestate
Trump Nominates Pardoned Business Associate Charles Kushner for French Ambassadorship
Trump appoints Charles Kushner as French ambassador, despite past crimes and family ties.