What is a Luxury Home?

What is a Luxury Home?

Kurt Yapı
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If you’ve ever looked at real estate listings and come across an ad for a “luxury home”, you might have thought, “Wow, this house must be special!” But what exactly defines a luxury home? Is it determined by price, location, square meters or a combination of all of these?

“Luxury is a fundamental refusal to limit one’s life to survival”, in fact this dream of life is found in the real estate environment by maximizing the potential of properties, in particular by offering excellent comfort, a certain prestige and a rarity that the client cannot find anywhere else. Thus, the client will be able to benefit on a daily basis from a spacious and sumptuous living space that will allow him to achieve a comfortable lifestyle. So what are the characteristics of a high-end building?

The following factors play a large part in determining whether a home is considered luxury or not:

What are the Highlights of a Luxury Home?

A luxury home is a home that has many of the features that are considered luxury. These features are largely determined by the location of the property. Some features may be classified as luxury in one area and not in another. However, there are some features that are important in determining whether a house is classified as luxury or not.

Good location

No matter the city or country, luxury homes have the most coveted locations, whether they are on top of a mountain, on the beach or overlooking the glittering lights of the city. But these areas are constantly expanding and evolving: A new street of trendy bars and restaurants can transform an average neighborhood into a hotspot attracting high-end buyers.

Premium quality materials

Building materials, finishes, appliances and design must exceed what is considered standard. Italian marble, high-quality parquet, Venetian plaster, crystal and electrical appliances have become common components of luxury homes.

Luxury amenities

Among the most popular and prominent features of a luxury home are a swimming pool, a home theater or gym, a jacuzzi and an outdoor kitchen.

Is a luxury home a good investment?

A luxury home is considered an investment because it can provide a return on the initial investment. This return can be in the form of rental income, capital appreciation or both. It is also an investment because most luxury homes are located in prime locations, so they usually increase in value over time.

What are the different types of homes in the luxury market?

The luxury market is a type of housing that is considered high-end. There is a wide range of homes on the market, from mansions to condominiums. There are three main types of luxury homes:

Why is a luxury house more expensive than a normal house?

There are many reasons why a luxury home is more expensive than a normal home. For starters, luxury homes usually have more space and amenities than a normal home. They also have better materials and finishes than regular homes. Luxury homes also usually have higher quality appliances, fixtures and fittings.

Luxury is the quality of the construction, the location of the house, the size of the property, but it is also very personal. For some, luxury is privacy with expansive city views, for others it is living on a private beach on the ocean. Some might define ‘luxury’ as a smart home equipped with all kinds of high-tech gadgets, while others might interpret ‘luxury’ as an architecturally significant Mid-Century Modern home.