If you are an active buyer or even a new buyer just getting started with the home shopping experience then you have sure run into the term Luxury Homes. But what really is a Luxury Home? What does it consist of? Is the flooring better? Is the paint job better? What about the lawn and landscaping?
Well, sometimes yes and sometimes no. In today’s real estate atmosphere a home once considered to be a luxury home may well sell for hundreds of thousands of dollars less than what was initially paid for it. So does that reduction in price remove it from Luxury home status? I don’t think so.
So what exactly is a luxury home then? I don’t think that luxury necessarily means it has to be expensive or a mansion either. I think that even a home with a modest floor plan and average size lot can in fact be considered a luxury home.
I think a lot of it comes down to the amenities. Does the home have a nice size master bedroom and master bath? What about the countertops in the kitchen? Are the appliances up to date? Is there a garage for actual parking of a car? Is there an office/den space or a bonus room of some kind. Is there a nice dining space and living spaces present? What about outside? Is there a nice patio or finished deck? Is the lawn well maintained? I think that even an average home priced competitively can be in some ways considered a “Luxury Home”. I think that if a home is well maintained with updated countertops and flooring, a fresh layout with color and style and internal systems that are updated, then I think it is very possible for a average home to be considered a Luxury home for some people.
Now i know that things like square footage and of course the neighborhood and location plays a major role in this process as well, as neighborhood status helps to determines value and reputation of the area. But in a general sense, I think luxury home is in a lot of ways in the eye of the beholder.
Tim Brown
Owner/Broker, Realtor®, ABR,CRS,CDPE®
Auctioneer NCAL#8560
Hines & Associates Realty
TeamHeidi
Direct Line: 704-619-1008
Client Care Line: 704-815-3208
www.CarolinaHomes4Sale.com
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