Luxury always comes with a price but in terms of luxury homes, the price is just one among the many aspects you need to investigate.
For sure, you have come across so many ads on tv, in the newspaper, or in the internet showcasing some of the world’s most stunning luxurious homes but, oftentimes, such advertisements do not give justice to how truly beautiful and exquisite luxury homes are.
So, what exactly defines a luxury home and what should buyers expect in one?
The following are some of the main features that buyers should look out for:
Luxury homes enjoy exceptional locations. We are not just pertaining to a good or safe neighborhood, we are talking about spectacular settings with the most breathtaking views such as right on the beach, atop a mountain, overlooking a bustling cityscape, and even a serene strip of land that shows great potential for a change soon.
An average location doesn’t stay average especially with how developers diversify their real estate portfolio nowadays.
That average location or neighborhood can transform into a hot spot eventually attracting high-end buyers from all over the globe.
Therefore, when scrutinizing a location, choose a place or neighborhood that is not only desirable but has great potential for change.
Superb Quality and World-class Amenities
Luxury homes are built and designed to the highest standards and offer world-class amenities like no other.
These homes benefit from the finest materials, superior finishes, exquisite interior design, tasteful furnishings, gorgeous stone or wood features, and professional-grade appliances and fittings.
Some even house the most outrageous amenities one could only dream of. Some are crafted with a generous cinema room, a fully-equipped gym, a large swimming pool, Jacuzzis, and spa and sauna rooms.
These features make the property unique, attractive, and convenient in every sense rewarding residents with the utmost in comfort and luxury living.
To discerning buyers, privacy is one of the top important things they consider when buying a home, regardless if its just a regular one or a luxury home.
This is one factor that high-end buyers, specifically celebrities, politicians, and those born wealthy take into consideration.
That’s why, most luxury homes are surrounded by vast outdoor spaces, situated in secluded expansive land plots, bounded by high walks and foliage covers, or tightly guarded by security 24/7.
For these buyers, the property should serve as their peaceful refuge away from the everyday noise of the city and prying eyes, ultimately offering complete privacy and exclusivity.
This might not be as important to many but there are some judicious buyers who consider the history of the property itself or its location essential as well.
For them, it adds more value and authenticity to the property.
A great background about the architect who designed and built the home or a noteworthy history about the location make an interesting conversation starter, especially when entertaining and hosting guests.
Additionally, good history also puts more value on the property.
Luxury homes come with a hefty price tag, and most of them cost tens of millions which is highly dependent on how deluxe and plush they are.
Price could go even higher especially when mortgage rates come into play as well.
Statistics show the average starting price for a luxury home is USD 2 million and goes way up depending on the general attributes mentioned above.
Many say the definition of “luxury home” is in the eye of the beholder which is, undoubtedly, true. Depending on who you ask, luxury can mean many things and, most of the time, you rarely get the same answer.
To others, it could mean total privacy and exclusivity, living in a property with a private beach, a home with top-of-the-line home automation system and sweeping city views, or enjoying an island residence in one of the most remote locations.
With all these in mind, homebuyers should put great focus on features they are most keen on to make the most out of their investment. It is best not to easily swoon over luxuries just for the show.
What should matter is finding the right home that best fit their requirements, one that they love, and sees themselves living in for a long period of time.