Many potential homebuyers peruse the newspaper and online ads when searching for a home in North Texas. When you come across a description that includes “luxury,” what does it actually mean? Is a luxury home defined by size, amenities, location, or even price? It’s a hard question to answer, as luxury is really in the eye of the beholder. In other words, what may be considered a luxury home to one person may not be viewed in the same light by another prospective home buyer.
Below we’ve revealed a few qualities that do bring the word “luxury” to the minds of most people.
Is the home sitting on a beach, or perched high on a mountain? Sometimes a home located in a prime spot is considered a luxury home. As always with real estate, it truly IS about location, location, location.
Exquisite amenities. Think spa, a home movie theater or game room, even a wine cellar, huge walk-in closet, or a sports/juice bar. Those features you don’t ordinarily find in a home are what set luxury homes apart.
Quality of finishes, materials, etc. Hardwood floors can be found in a lot of homes today, along with high-dollar appliances and exquisite finishes. Common materials found in luxury homes today include crystal, Miele appliances, marble, and other design features or materials considered by most to be a cut above standard.
A home priced substantially higher than the norm for the area. That fact that a home costs $1 million doesn’t necessarily make it a luxury home; what would make it a luxury home is if the home is situated among other homes valued at far less, for example $300,000 or $400,000.
For most people, the term “luxury” really isn’t that important when searching for a home. What most families want is a home that meets their own needs in terms of space, design, layout, comfort, location, and aesthetic appeal. At Team Nelson our Flower Mound real estate agents are ready to help you find your perfect dream home in the Dallas area, whether luxury is important to you or not! Give us a call, you’ll be glad you did.