What Makes a House a Luxury Home?
A luxury home is the epitome of grandeur and opulence. The images that come to mind are extravagant rooms, breathtaking views, and larger-than-life spaces that ooze sophistication and elegance. However, just because a home is expensive does not automatically mean it is a luxury home.Verify my mortgage eligibility (Feb 28th, 2024)
Keep reading to find out what makes a high end or luxury home truly worth the status.
The price of a luxury home is definitely a factor.
It is a known fact that luxurious features come with an equally luxurious price tag. High end homes can range from a few millions to tens of millions of dollars, depending on the location and features. However, a hefty price tag does not necessarily guarantee that a home is a luxury home.Verify my mortgage eligibility (Feb 28th, 2024)
It also does not mean that a high priced luxury home takes it beyond the availability of a first-time home buyers loan. If you meet all the requirements of a lender, there is no stopping you from availing financing for first-time homebuyers. You will even get a favourable home finance interest rate to buy a luxury home.
Other factors come into play to determine whether a home is truly luxurious.
Size is another factor that sets high end homes apart from regular homes.
Most luxury homes are incredibly spacious and have open floor plans that lend an air of grandeur to the overall design. The number of rooms in a luxury home is also a lot more than in a traditional home. A luxurious home would typically feature several bedrooms, a sprawling master suite, staff quarters, a library, an entertainment room, and so on. More square footage allows for more customization and features that are not typically found in a regular home.Verify my mortgage eligibility (Feb 28th, 2024)
Location also plays a vital role in determining whether a home is high end or not.
Luxury homes are often located in prime areas that offer breath-taking views and surround the home with natural elements like scenic views, beaches, mountains, or sprawling gardens. The location also provides seclusion, sanctuary and privacy that most regular homes cannot offer. When it comes to luxury homes, location is king.
Luxury homes also offer exquisite finishes and features that set them apart from regular homes.
From imported marble floors to custom-design chandeliers, infinity pools, and outdoor entertainment spaces, luxury homes have the ability to dazzle and impress. Anything from exotic materials to extensive custom carpentry with attention to detail can make a house luxurious.Verify my mortgage eligibility (Feb 28th, 2024)
You won’t just find a standard kitchen, master bedroom, and living room. High-end homes often boast lavish features such as a full-size theater, staff quarters, tennis courts, basketball courts, and even bowling alleys. And with modern technology at their fingertips, luxury homeowners can automate just about anything they need in their home. From built-in vacuum systems to top-of-the-line security systems, these homes have it all.
a luxury home should be filled with grandeur, opulence, and extravagance. However, not all expensive homes meet the high end criteria. A luxury home requires a lot more than just an exorbitant price tag. Square footage, location, finishes, and features are just some of the factors that make a high end home stand out from the rest. If you're looking into high end home buying, consider all of these factors before diving in and enjoy the luxurious life.Show me today's rates (Feb 28th, 2024)