What Is A Luxury Home?

Defining what a luxury home is when you are selling or buying a house isn't always easy. Here's what you need to know about the luxury home market. 

  • It's Not Just About Price When you're buying a house and see "luxury home" on the listing, your first thought is likely to be that the home is expensive. While luxury homes do tend to have a higher price tag than traditional homes, there's no specific price point that determines whether a home is considered a luxury home. Typically, luxury homes are priced high for their particular market, but with the variety of markets out there, this can mean something with a $500,000 price tag is a luxury home in one market, while in another the price point is $5 million or more.

  • Luxury Homes Embrace a Luxury Lifestyle One of the factors that makes a home a luxury home is the amenities it contains that contribute to a luxury lifestyle. An opulent master bathroom suite with a huge walk-in closet is one of these types of amenities. A swimming pool, a large home theater room, and many custom finishes throughout the home will make it feel more luxurious.

  • Luxury Homes Feature Premier Materials In a luxury home, you won't find run-of-the-mill building materials. You'll find the best possible materials. From rich and exotic hardwoods to state-of-the-art appliances, and extra appliances that aren't found in most homes, these homes have the best of the best. The small details made from superior quality are what make luxury homes stand apart.

  • Luxury Homes Have a Desirable Location Finally, luxury homes are known for having a desirable location. For some markets, this may be a home in the midst of a bustling city. For other markets, this could be a home in a secluded location at the top of a mountain or sitting alongside a body of water. Again, this is a factor that is clearly affected by the market, but there's almost lawyers something uniquely appealing about the location for a luxury home.

As you can see, when buying a house, what defines "luxury" market is going to be different for every buyer. Determining what your goals are, and then shopping for homes that meet those goals, will ensure that you find a home that fits your needs, whether or not it fits the "luxury" category.


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Team Lessard

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JOHN R. WOOD PROPERTIES 3255 TAMIAMI TRAIL N, 

NAPLES, FL 34102

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The success of the firm can be traced to the culture that was first established in 1958, and has evolved with only minimal changes to the guiding principles. The legacy in the luxury real estate market indicates a high probability that your home will be sold in the shortest possible time, at the highest possible price.

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than John R. Wood Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS.

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