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What Makes a Home a Luxury Home—3 Features to Look For

When you think of a “luxury home,” the first thing that probably comes to mind is the price. Multi-million-dollar properties with lavish finishes might seem like luxury enough, but there are actually several main criteria that make a home qualify as “luxury” in the eyes of a realtor.

High-end buyers have certain expectations for the property they invest in, which means it’s important to make sure you are getting the most for your money when you’re perusing the market for a luxury home. Here are three factors to consider that will help you make the best purchase.

The Best Location

Whether you’re eyeing up beachfront properties in Waikiki or looking for a mountain getaway in Denver, a luxury home will be situated in the best neighborhood in its location. Keep your eye on developing areas as well; urbanization is on the rise, so ask your realtor about what neighborhoods are seeing the most growth. Many buyers can land a great deal on luxury single family homes in communities that are still being developed.

The Best Amenities

Luxury homes always have something extra to offer—this could be an in-ground pool, rain shower, home movie theater, gym or gourmet kitchen. It all depends on what your personal definition of luxury is, but keep an eye out for amenities that aren’t par for the course and aren’t found in most middle-income homes.

Quality and Integrity

A luxury home will be crafted from the highest quality materials; if it’s a historical property, it will be restored to its former glory while incorporating modern conveniences and luxuries that don’t sacrifice its contextual charm.

Just because a home is historical does not mean its luxury, nor does a house qualify as luxury simply because it’s built with top-of-the-line materials and costs a lot. Property, square footage and price have to all come together and create a space that combines the perfect union of fine living and architectural mastery to be considered luxury.

Make sure that you purchase a home based off how it makes you feel, not how it’s described by a realtor. The most important thing to consider when buying a luxury home is whether it’s a space that feels livable and open to growth. The ultimate luxury home will have everything you need and desire along with plenty of potential to expand and accommodate you in the future.

Tim Esterdahl

Tim Esterdahl is the editor of IFCS blog. He is a married father of three and enjoys golf in his spare time.
Tim Esterdahl

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