Purchasing a luxury house is not a decision to be taken lightly. It is not only a huge financial investment but also a lifestyle choice. These homes offer more than just space and high-end amenities; they often provide a sense of prestige, status, and exclusivity that can help you build a legacy for your family. Luxury homes are known for their luxurious amenities and high-end finishes, including marble, hardwood floors, and Venetian plaster. Additionally, these properties tend to be in coveted locations such as mountaintops, waterfronts, or overlooking the city skyline.
In addition to the aforementioned features, many luxury houses have unique, custom-designed interiors that are a cut above what you might expect to find in standard homes. For example, they might feature open-concept living spaces or master suites with large, spa-like bathrooms. Some even include home theaters or recreation rooms for entertaining guests. The possibilities are limitless, and you can work with a custom home builder to create a luxury home that is uniquely yours.
The specific characteristics of luxury homes can vary greatly based on what a particular market’s upper-end buyers are looking for. For example, the 2021 Coldwell Banker Global Luxury Market Insights report noted that luxury buyers prefer to move to suburbia or exurb areas for greater privacy and the benefits of single-family dwellings. They may also seek out gated communities, golf courses, or recreational facilities.
Luxury houses can also include specialized indoor or outdoor living areas that provide an escape from the everyday and allow residents to get back to nature. For instance, an outdoor oasis might have a private pool, a fire pit, and lounge areas with gorgeous views. Another common feature is a garden with edible produce and herbs. Increasingly, luxury homeowners are pursuing organic living, so you might find homes with installations for organic husbandry, horticulture, or apiculture.
While you might not be able to afford one of these luxury properties right now, it’s worth considering the long-term value and increased resale value. Plus, if you have the right real estate agent by your side, they can help you navigate the luxury property marketplace with ease.
When searching for the perfect luxury home, look for initials that indicate credentials in this rarefied arena, such as the Institute for Luxury Home Marketing’s Certified Luxury Home Marketing Specialist (CLHMS) or the National Association of Realtors’ Luxury Homes Certification (LHC). These designations show that the agent has a deep understanding of this highly specialized segment of the housing market.