3 Things To Consider When Buying A Luxury Home

By on January 14, 2015

If you are entering the luxury real estate market for the first time, you will quickly see this is not like purchasing a ‘regular’ home by any means. There are unique considerations, and considering the amount of dough you will be dropping on your new abode, you want to educate yourself as best you can on the process. Here are just a few of the more important points to keep in mind.

Get a Real Estate Agent who Knows Her Stuff

This is not the time to just pick any agent who may have dabbled in this market. You want someone who has lots of experience with helping place people in their dream luxury homes. Because of privacy concerns, many of these types of homes are not even listed, and a well-connected real estate agent will know about such homes, as well as know about any homes for sale before they officially get listed. This head start can make all the difference in finding your ideal home. Experienced agents will also have a better idea of the true value of the home, which is important for any negotiating efforts. This is also an important consideration because valuing these types of properties is not as easy as standard homes due to their unique nature.

3 Things To Consider When Buying A Luxury Home

What Do You Really Want and Need?

While you have more money to work with, and will not be as limited as people looking for ‘regular’ homes, you do want to give some thought to what you truly want and need in a home to ensure maximum satisfaction. Do you want something really isolated from others or are you cool with having neighbors? Do you want something in a more urban area or suburban? How close do you need to be to certain amenities? If you really love the idea of soaking up the lifestyle of Miami, but would like to be in a quieter, more suburban setting, for example, you might want to explore condos for sale in Aventura, a planned community in the county. What sort of architecture is most appealing to you? What amenities do you want in the house? How big do you want it?

Do Your Due Diligence

It is easy to think that a high-end luxury home is all set to go, and is in good working order in all respects. But, this is not a good assumption to make. Just like a standard house, you want to inspect all elements very carefully. Many of the amenities may requires a specialized inspector, such as pools, spas, fountains, ponds, lawn irrigation systems, exterior fireplaces, automatic awning and screen systems, central vacuum systems, advanced security monitoring systems and landscape lighting.

This is just a sampling of important considerations, but three that are particularly important. Excitement can run high with this type of purchase, but don’ let emotions get in the way of education, smart decision making and exercising patience.

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