When looking for a fabulous new home, what makes it the one? Is it the amenities, the details, the neighbors or the location? Today we’ll look at five areas to consider when breaking into the luxury home market.
One of the most important topics to consider when looking at a luxury home is what will be built around it in the future? Your home is an investment, and you don’t want to make a bad investment by choosing a home that is a great deal today because it’s at the end of the runway for an airport tomorrow.
Think about the relatively recent housing bubble; when it popped, many families who had bought into the luxury home dream found themselves owning less than expected and a huge mortgage payment every month.
Across the board, luxury homes tend to have a higher quality and quantity of details. From beautiful, hand scraped hardwood floors to granite countertops and all the right touches in between, these are the details that scream, “I’m worth it!”
A luxury home may mean a steam shower, whirlpool tub and amazing cabinetry in a bathroom, designer dream kitchens and build-in infrastructure for security systems, home automation and networking capabilities.
When you’re shopping for a new luxury home, what amenities should you shop for? According to a recent survey by the Luxury Institute for Coldwell Bankers, it depends!
Choices on amenities seem to vary based on personal taste, and your idea of a dream home may be very different than someone else’s, so keep shopping if that two-acre monstrosity with the tennis court out back is so not your thing!
It’s About Who You Know
With networking giving birth to social media marketing, you may want to find out who else is in the neighborhood. After all, endless conversations with the man who made the town famous for its gasket plant may not have much in common with a social marketing manager.
Location, Location, Location
Once upon a time, you wanted to live near enough to avoid a terrible commute to work, but the Internet, telecommuting and virtual offices are making that a thing of the past.
So consider instead the same things you would with any home: school reputations, local amenities, services available and nearby shopping.