‘Luxury’ is a Much Abused Word in Real Estate

luxury real estateProperty ads urge us to “indulge in opulence” and promise to “pamper you in comfort”. While the glossy brochures and virtual tours may impress you, you often find that the features offered don’t justify the exorbitant price tag of a luxury home.

Luxury is by far the most abused word by residential real estate. As the term is freely used, it becomes important to know the essential features that define luxury.

Living space
Generous living space is a primary requirement of any well-designed home. Luxury homes must offer spacious living rooms,  large gourmet kitchens, well equipped media room and oversized closets  with elaborate systems to organize wardrobes, ample dressing areas and space to pack suitcases.

Attention to detail
In every aspect — from the wood work, to the wall coverings, the hardware, the electric switches, the kind of lighting. Technology is a significant detail with amenities like  home automation systems and electronic surveillance. — A luxury home remains pristine if well maintained.

Exclusivity
While these amenities may be widely available, one key must-have in a luxury home is exclusivity; it must be shared by a small number of people.

Your style
All said, you should see if what you are getting is ‘your’ style. After all, it may turn out that the designer features do not match your personality and definition of lifestyle.

Custom-built
Ideally you may wish to have every aspect — floor plan, materials, features, amenities — designed exclusively for you. Short of full custom, you will definitely want your luxury home to be customized with a high end renovation offering a move-in ready home