Things To Consider When Buying A Luxury Home
by Arina Smith Real Estate 19 March 2020
A person’s luxury home is his or her castle. It’s where you go at the end of each day to relax, unwind, spend time with your significant other or family, and perhaps even entertain. And if you’re a successful entrepreneur, corporate leader, or just someone who appreciates the finer things in life, you likely either own your dream home or are looking to acquire it.
For some, the allure lies in rural living, which can provide a quiet oasis in a remote location with big skies and lots of lands. Some like the suburbs, with their leafy lanes and proximity to family-friendly activities and attractions.
But an increasing number of others are drawn to big cities, where excitement, bustle, and a cosmopolitan ambiance combine to provide the opportunity to live in the center of it all.
However, no matter what kind of living area you go for-rural or urban, you need to take into consideration important factors like security. Experts suggest that given that the home is likely to have a lot of possessions that are valuable, homeowners should invest in a good house alarm to keep prying eyes and potential burglaries at bay.
Things To Consider When Buying A Luxury Home
In recent years, many urban centers have experienced an influx of new residents. In part, it’s attributable to the newest generation of business leaders, many of them young entrepreneurs who want to be where the action is. This is good news for the cities because this trend is keeping them viable and vibrant.
As successful people flood the world’s major cities, developers continue to find new ways to accommodate them.
One example is Toronto real estate development firm Mizrahi Developments, led by Sam Mizrahi, which is building The One, a supertall residential and commercial use skyscraper in the heart of the city.
The supertower will offer 416 luxury residential units for discriminating clientele. Known for their attention to even the smallest details while accommodating residents who demand a high standard of living, Mizrahi Developments is creating residences that residents will be proud to call home.
So what makes a Luxury Home?
According to the experts
“When you’re looking for a luxury home, you’re looking for ‘WOW’ factor,” according to the website of Tarvin Realtors, a firm located in Ridgewood, NJ. “When you step into the entryway of a home, it should leave you breathless as you gaze upon exquisite details. This feeling should carry on as you enter each room of your home. Look for high ceilings and large picture windows that create an airy atmosphere with soft natural lighting.”
Not surprisingly, technology is now playing a huge role in defining a home’s attractiveness. The current trend of smart homes, which are equipped with a range of technology-based amenities, is setting new standards in the luxury home marketplace.
“Literally, with a touch of a button on your iPhone, you can now lock your doors, control your home’s climate. It also controls lights and controls your alarm system all from the other side of the country,” writes Shelly Little. “These are the built-in features that today’s luxury homebuyers are looking for.”
In contrast to the techno-features, Little adds that there’s a “growing trend for reclaimed materials. Homeowners are increasingly becoming aware of their environmental imprint. They are looking for homes that use old reclaimed materials such as wood beams, wood flooring, and doors.”
How luxury home changes life
For millennial luxury homebuyers, one of the things that makes a dwelling attractive isn’t even something inside the home. It’s what the home is near. Residences like Mizrahi Developments’ The One have taken this into consideration. Today’s millennials are active, and many of them thrive in a centrally located neighborhood. It offers access to everything they want and need.
“Primarily, millennials are focused on location as the main selling feature,” says southern California real estate agent Sally Forster Jones. “Whether they are looking for views or a home with walkability to local shops and/or their job. The location plays a major part in the decision-making process.”
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