Top Features Of Luxury Homes

The real estate scene is ever moving. It changes with seasons and shifts with the market. However, the need for luxury homes never runs low. If there was a definition for such a home, it would be homes valued in the top 10% of the properties on the current market. But is this all that makes a home a luxurious one? Read on to learn more!

Location

Like most businesses, the location highly determines the real estate value. For instance, prime locations like Palm Beach, Malibu, and high-end regions of California are some of the best locations for high-end homes. They provide the clientele needed for such homes, as most of the population here feature the who-is-who in the entertainment and business industries.

Also, it is a fact that the location dictates how desirable a home will be. In this case, the availability of amenities such as schools, restaurants, entertainment, and so on will determine the location of the high-end home. A high-end home built in a location with such amenities is desirable and considered a worthy investment.

Acreage

A luxury home would not be a luxury if it did not have the square footage to prove it. Most high-end homes cover at least 100,000 square feet. The Biltmore Estate in Asheville, North Carolina covers 178, 926 square feet, while the Mar-a-Lago in Palm Beach, FL, covers 110,000 square feet.

The size of the home determines how many amenities can be fit into the property. The more features in the property, the more luxurious it appears. This could also work to raise the price of the home.

Pricing

The price of a home also determines how much of a luxury home it is. It is possible to have two homes that cover the same amount of property but have a big price difference. Besides the size, factors like the location of the home, the architecture, and even the features in the home come into play when determining its pricing.

In some areas, the age of the home also determines its price. Most luxury homes for sale hold some history and beautiful architecture. These hikes up their market price, making them the perfect cut for a high-end home.

As part of the architecture, most high-end homes have features that regular homes do not. These include indoor pools, home gyms, and wine cellars. Some rare features include walk-in libraries, a sports court, and in some cases, a bowling alley. For more information about properties, or if you are a home seller, contact a real estate agent.