Luxury real estate may seem like an abstract concept. After all, who gets to decide if something is luxurious or not? What makes real estate luxurious?
The answer may be simpler than you think. These are some of the things that make a home a luxury property and not simply a house.
Luxury living is not all about location, but location can certainly play a role in making a home luxurious. A home with a view of a lake or a condo with a gorgeous window overlooking the city will provide you with a sense of luxury.
Plus, a home may be more luxurious if it is close to specific locales, like hiking trails or the beach. Crime rates and local schools can also impact luxury. For example, a luxury home might be in a "good" neighborhood with a nightly neighborhood patrol officer.
Space & Size
While luxury homes do not always offer an open floor plan, many of the modern options do. The goal of many luxury homes is to offer a lot of open space, a space where people can gather or take in a beautiful view. Luxury homes are not typically closed in and stuffy.
Luxury homes tend to offer a lot of privacy. You might notice that many of these homes still offer amazing views while also offering gated driveways, modest exteriors, greenery, and other little ways to hide the home and any windows from public view.
The quality of the materials in the home also makes it luxurious. For example, a luxury home is more likely to have hardwood floors, crystal, and marble. Fixtures and appliances tend to be on the higher end. Things are not just functional: they are built to last and built to look good while they do.
Ready to Move-In
One of the most important features to know about a luxury home is that these homes are ready to move into right away. The buyer does not need to do much, if anything at all, to make the house a home. They don't have to make any repairs or fix anything. They can settle in.
Hire a Real Estate Agent Who Understands Luxury Properties
A real estate agent can help you identify the luxury aspects of a property, whether you are buying or selling your home. Understanding the worth of these amenities is important so that you can make smart decisions for your finances moving forward.
To learn more information about luxury real estate, reach out to a professional near you.