You might be flipping through a property magazine or perusing some property listings when you come across some luxury properties. The quality amenities and beautiful appearance may draw you in, but is that all that describes a luxury home?
There are important key elements that define a luxury home.
In this article, I will help you to detail these crucial factors which may help you if you decide to purchase one in the future.
If you have some experience in the property industry, this factor should not come as much of a surprise. The demand and value for a property is a factor of its location. A property's environment and surrounding amenities are crucial to consider.
A luxury residence will be located in close proximity to parks and green spaces. Some luxury homes might offer easy accessibility to highways or the interstate, but they are not too close. This is because highways can interfere with the serene environment and be very noisy.
In terms of amenities, one of the key factors to consider is schools. A luxury home will have access to quality institutions. Students in elementary or high school can be dropped off easily by their parents as they proceed on to work.
You might find some luxury homes are located in closed-off gated communities, which increases their allure.
Square Footage per Unit
Another key element that describes a luxury home is the size of the home. My high-end clients always look out for residences that offer ample space. Most of them tend to have acquisitions in the form of furniture and equipment that they would want to arrange and display in the house.
Spacious living rooms, a den, sizeable kitchens with pantries, game rooms, theatres, and a verandah where friends and family can be invited over for a barbeque are all signs of a luxury home.
Open Floor Plans
The high-end clients that I have dealt with in the past prefer open-floor plans, linking the entryway to an expansive living room or kitchen. This gives the residence an airy feel and also makes the home feel larger.
Quality Construction Materials
The quality of construction materials makes an instant impression on a client. It sets the high-end, upscale properties apart from the mundane homes.
Some of the notable construction materials include granite countertops, kitchen equipment and appliances, and marble or wooden flooring.
Also consider exclusive amenities and features. A luxury home may offer an elegant centerpiece in the foyer or an infinity pool at the back.
The design of luxury homes also incorporates technology, offering convenience to the household and their guests.
Another important aspect you should look into is the construction company that has put up the development. Boutique construction companies exist that have established themselves as the go-to firms for such developments. Their workmanship is top notch and guarantee that your home (should you choose to purchase) will remain standing for years to come.
Bedrooms were meant to be personal and private. That's why luxury homes make it standard for each bedroom to have its ensuite bathroom. Ensuite bathrooms ensure that you no longer have to share bathrooms with your young ones or guests.
Each bathroom should have a shower cubicle, water closet, mirror, wash hand basin, and bathtub. It goes without saying that all of this should be quality. There should also be extra storage spaces where one can store their toiletries.
Value and Price
With all the amenities and features described above, you must by now have an inkling on the matter of price. Luxury homes always tend to have unique features or elements that separate them from the average home. This comes at a price that such clients are willing to incur.
Most, if not all, luxury homes are priced above the national average median for a home or similar property with equal footage. Since these are premium developments, luxury homes can be priced at $500,000 and higher.
From my experience in the industry, some properties are considered upscale or luxury because they were developed by an expert architect or have some unique history.
What is considered luxurious in a particular part of the country might be different from another. Luxury could be defined as having breathtaking views of the city or it could mean having frontage access to a private beach.
Most of the clients who are able to afford luxury homes are celebrities, musicians, politicians, and A-list names. Due to their position and influence, they would want their homes secure and away from the prying eyes of the public.
Luxury homes should include security features that provide homeowners that peace of mind. Some of the common features in luxury homes include cameras, smart locks, and safety alarms for floods and fires.
Are you looking to upscale from your current neighborhood into a luxury home in Regina? If so, you should look out for the above factors.
Regina has several options for you to choose from. But to make the right decision, you will the expertise of an experienced and reliable professional in the local property industry.
I am an experienced and dependable realtor with years of experience in the Regina property industry. My previous clients all over the area can identify the brand 'Jennica George' with accountability, transparency, and expert services.
You can expect a comprehensive property solution from me as I help you move into your new luxury home.
Get in touch with me today and receive a quote for my property solutions.