What is a Luxury Home and What Makes it Luxury?
Whenever you read a property listing and come across the word "luxury" home for sale, you must have thought, "This is something extraordinary". But what exactly makes it luxury? Is it just the price, location, or magical combination of expensive things? Remember, luxury is not strictly related to how much cash you spend on home but it is more subjective to what high end buyers expect from this particular property.
If you are planning to buy a luxury home or thinking whether to describe your home as a luxury property or not – here are few qualities that you can expect to find in a luxury home.
Definitely, a "luxury" home price tag depends upon where the property is located. A billion-rupee home in a shantytown may not be considered luxury but a similarly priced home in a better locality such as Model Town, or Defence would be one of the priciest and most luxurious homes in town.
No matter, which state, city or country is it – luxury homes are the ones that are constructed on the most coveted locations, whether they are on mountain, on sandy, sun-kissed beach, or overlooking the sparkling lights of the city. If you want to buy a luxury home, you must look for a prime location. And such areas are constantly evolving: just look around you and you will see trendy restaurants and new shopping malls turning an average area into a hot spot and most attractive area for the high-end buyers.
The construction materials, finishes, appliances, furnishings, architecture and design must be a cut above what is considered standard. Marble, hardwood, crystal, wood and high quality appliances have all become common components of luxury homes.
From movie theatres to bowling alleys, from arcade rooms to temperature controlled swimming pools and from decontamination showers to manicured lawn – luxury home incorporate the most exquisite amenities and facilities.
This may be a surprising factor but ultra rich and luxury home buyers are not necessarily looking for flashy mansions but they give extra points if their ultimate asset has some kind of story or history associated. For instance, whether the home is built by a renowned architect or located at a noteworthy location – the value goes up.
And last but not the least important point is that the definition of a luxury home is in the eye of beholder. Luxury can mean several things – so instead of swooning over certain home featuring above-mentioned qualities, focus on features you are keen to have in a home that you will love.