"In a world where anyone with money can build a flashy mansion, iceberg homes present a modest exterior while concealing lavish, expansive interiors below ground," says Justin M. Riordan, founder of Spade and Archer Design Agency in Portland, OR. "The hidden opulence of iceberg homes reflects a modern understanding that true wealth is about the quality of life inside, not how much of it is on display."
"With home prices rising, buyers want to maximize their investment, and a basement gives them a lot more space to play with - without needing to add on," says real estate investor Ron Myers, of Wellington, FL.
"Lower-level finishes now include bowling alleys, wine cellars, tasting rooms, bathrooms, and spas," said an anonymous participant at a September meeting, highlighting the extravagant features often found in iceberg homes.
"It's time to count some of these improvements to offset the space you can have above ground," stated Rogers, suggesting that basements should be factored into a home's total value.
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