Luxury properties come in all shapes and sizes. Whether you’re looking for a nice condo or a mansion, there are a bunch of things you need to think about first. The tips in this guide will help give you some perspective, so you can choose your luxury property from the plethora of choices out there. Take a look and see if they help you.
Be Smart With The Search Process
As you can imagine, selling a luxury property can be tough for the owner. Many of them want to sell their properties privately, and keep their identity safe. This means that the search process is a little different to looking for a standard property. You’ll need to check more than just the biggest search engines to find exactly what’s available to you out there.
Understand The Buying Process
Understanding the buying process as well as the search process is essential too. This will make the difference between you being happy with your home for years to come, and having a case of buyer’s remorse later on. Make sure you know exactly what you’re looking for in a high end house. Discuss your priorities, and even make a list. You’ll save yourself a lot of hassle this way. Here is a list of a few things you might add to your list:
- Beautiful gardens.
- Incredible views.
- Smart home appliances.
- Privacy.
- Entertainment.
Of course this will vary from buyer to buyer. You might want a swimming pool while another buyer wants a tennis court. Being in any doubt about what it is you want from your home will always leave you making hasty decisions.
Location, Location, Location
As with searching for any property, getting the perfect location is essential. After all, you might find the perfect property, but the one thing you can never change about it is the location. Do lots of research on where you want to buy. Visit at different times of day to ensure that there isn’t anything you need to worry about, such as neighbours throwing noisy garden parties each night. You can get an idea of what to look for on a site like www.home-hunts.com.
Look Past The Pictures
Looking past the pictures online is an important step to finding the right luxury property. There are so many homes out there that look gorgeous in real life, but you just don’t get the same vibe from the pictures. This is because larger homes are more difficult to photograph. Make sure you look past the pictures and go and see something in person if it has a lot of the specs you’re looking for in a home.
Views And Light
You probably know that letting lots of natural light into a home boosts your resale value, along with you mood. Looking for a home with a high resale value is important. This will mean you can recover your money should something happen and you need to sell up. Make a note of what properties overlook too, whether it’s a bridge or a skyline. You’ll want to be sure that these views are protected so you don’t lose them later on.
Find A Good Agent
A good agent will make a massive difference to how you view properties. Finding someone who knows the area you’re buying in is crucial. Luxury properties are usually more controlled, so you have to make appointments to see them. You won’t find many open house viewings if you want the best property out there.
Architecture
The architecture of your luxury home will make a big difference to the way you live. You could go about this by researching architects and looking at those with a good portfolio. At the very least, you need to make sure your property has a good structure. Alongside that it’s a good idea to look for unique features and high grade materials. Then you’ll have a beautiful home that stands the test of time. Always consider how this home will be looked upon in a few years!
Choose The Right Bank
When buying a luxury property, it’ll make the process so much easier if you choose the right bank. This is a bank that you already have a great relationship with. They already have your portfolio and will best be able to assess what they can do for you. Knowing exactly what you qualify for is important. How much will you put down on your home? Make sure you are happy with the terms you’re agreeing to.
Consider The Future
Make sure you look into any construction contracts in the area. Are there any building projects planned around you? If you ignore this, you might find a building even larger than yours being built near by. This can cause delays, and of course might just change your opinion on where you want to live.
Avoid Space Wasting Properties
A property with long hallways and stairwells usually waste a lot of space. It’s crucial you go for a practical lay out too. Do you really want people to only be able to use the bathroom by walking through your private bedroom? If you have lots of friends, having somewhere that gives you enough space to live, enjoy your property and still keep your privacy is important.
The Windows
The windows are going to make a difference to how you regulate the temperature in your home. They can make it cool when needed, and keep the heat in. Make sure they are high quality and double paned. This way you know they’ll last.
How Much Storage Do You Need?
If you’re looking for a luxury property, chances are you’re going to need lots of storage. Does the property have an ample basement? If not, does it have the space to convert and create your own storage if you need to?
The points in this guide give you exactly what you need to think about before you decide to put your money down on a luxury property. Make sure you’re prepared to take your time and exercise your patience to find the right place for you!