If you’re in the market for a new home, the variations of styles and features can seem endless.
For those buyers looking for a high-end property, how do you differentiate which homes are truly higher in quality?
This helpful guide explains some of the key distinctive differences so you can make an informed decision on your next home purchase.
Prestige and Location
Everyone knows the old saying “location, location, location” when it comes to real estate, and this is especially true for high-end properties. Consider where the home is located and if it’s thought of as a top-notch neighborhood. Another great way to tell if a home is in a prime location is to take a look at the local schools.
If you’re not sure about the home’s location in terms of value and quality, do some comparisons of other homes nearby. Between interior photos, price points, and realtor comments, you should be able to gauge if the area is on the higher end of the scale.
And you can’t forget prestige when considering luxury homes. A good example of a prestigious home is one that is designed by a premier architect. Custom homes often earn the label of being prestigious since a lot of effort, time, and money is invested in this type of property.
Finishes in High-End Property
A key differentiating factor between traditional and high-end homes are the finishes used to build it. Everything from the wainscotting and trim to the countertop material should be considered carefully.
Material like quartz or granite indicates a much better quality than counters made of wood or laminate. Tile flooring, high-end light fixtures, and quality appliances are a few other giveaways. Pay attention to the fireplace to see how well it’s constructed and if it has a quality finish around the surround and hearth.
Ideally, a high-end home should have excellent finishes that make the home unique. Extra features like balconies, decks, pools, or a hot tub are other important factors that distinguish luxury properties from the rest.
Does Price Matter?
The price you pay for a home is really just an indication of what you personally think it’s worth. However, price does play a big role in finding high-end properties.
Homes that sell for over $1M may be common in areas like New York City or San Francisco, while in smaller cities, this is considered expensive. The location of the home is essential to determining the value and quality.
If you’re not sure how to gauge price versus quality, take a look at the price per square foot and compare it to other homes in the area. The home’s size, number of bedrooms, and the view can also help you determine if the home justifies a higher price.
Live in Luxury
A great location, gorgeous finishes, and higher price points are all good indicators of high-end property. Choose a professional real estate agent who can help you find the perfect home with a list of all your wants and needs.
If you’re in the San Diego area, contact us today for your real estate needs, and visit our website for some helpful home care tips and a whole lot more.