Home Staging & Real Estate

Considerations When Buying a Luxury Home

Everyone has different priorities when looking for an ideal home. It’s easy to have written preferences for your dream home before you start looking. Unfortunately, the research and buying process is lengthy and tedious – you may end up settling for less or give up all the same.

Before you go into the price, understanding some essential features of a house you would wish to spend your days in will simplify the home selection and buying method. Let’s review some of the top factors you need to consider. Note that, these may differ from person to person based on preferences, priorities, and family structure.

luxury home

Special Features to Consider When House Hunting

Below are some of the top priority features you should consider during house hunting.

The Location

When purchasing a home, look for one that gives you easy access to your most frequented places, such as the shopping malls, schools, places of worship, and your workplace. In addition, consider the exact location. For example, some people prefer to live near main roads, while others prefer to be away from high traffic areas and further away from main roads. 

The Style, Age, and Condition of the Home Appliances.

Home appliances are expensive to replace. Therefore, take your time to check the condition of each machine, such as the air conditioner, stove, refrigerator, washer, and dryer. For instance, you might enjoy cooking using a gas stove, or you may prefer a house with an indoor gas fireplace or a modern gas fireplace. Whatever your preference, ensure to talk with your realtor to get a home that matches your desires.

Also, take a look at the property’s listing and see if the mechanical systems and appliances are up to date– as you need to be aware of the parts replacement cost.

The Home Curb Appeal

Choose a home that reflects your lifestyle and personality. According to NCBI, your environment and genetics greatly influence your growing personality traits from childhood into adulthood. Therefore, at a glance, someone can pass judgment depending on the interior and exterior appearance of your home. For example, if you want a luxurious and bespoke home, consider a Tudor-style home or a formal victorian type of home.

However, you can consider a condominium or a single/multi-family home if you prefer a contemporary and simple house.

The size of the House

Most people looking for a home don’t give much thought to the size of the land the house sits on. However, this can prove helpful depending on how you want to use the compound and the available space. Therefore, you should have a full view of the home’s space usage to determine if it fits your current and future plans.

Looking at a controlled neighborhood, you will get a clear picture of the type of house to expect, as most of the buildings are relatively similar. Some homes sit on irregular, rectangular, square, or pie-shaped lots. So, you will choose a home depending on your privacy preference.

The Purchase Price

Buying a house is a huge investment, so ensure you settle on a home that’s within your budget. Before signing the deal, have a price range and have the funds to pay for the property. The payment source can be savings, a loan, or a mortgage. Additionally, consider how your decision will affect your finances.

Unless you are purchasing bare land to build your home from scratch, it’s advisable to have mental or written preferences of your potential home to avoid dissatisfaction or conflicts. Being firm on what you want in your home will help you find the right house. There are also housing professionals and real estate brokers you can consult. 

The following two tabs change content below.
Canadian Home Trends magazine gives you a personal tour of the most stunning homes and condos across Canada. You'll be inspired by a selection of accessible home décor products, trend reports, simple yet stylish DIY projects, and much more. In each issue, you are given the tools to recreate designer spaces you've always dreamt of having at home, in-depth renovation and design advice, colour palette and furniture pairings, and Canada's best places to shop.