When people say “luxury” it’s often associated with rarity; pieces that are limitedly created that only a number of people own. Affluent individuals with great influence. It’s also associated with a hefty amount of money that can sustain the entire average village.
And when people say “luxury home” it’s a whole new category of richness and affluence that makes people do a double take when looking at the prices, amenities, and home interior.
We’re talking about villas, mansions, grand staircases, swimming pools, a vast dedicated parking lot for their automobile collection, sport courts indoors and outdoors, and room sizes that can already fit an ordinary home.
Moreover, the location also plays a notable role. Imagine grand mansions the size of fairytale castles built in hills, mountains, lakes, beaches, cities with rich economies, and world-famous tourist attractions.
However, just because you have all these in your home it’s automatically considered as a luxury property. To belong in the luxury section of real estate, homeowners have the utmost security, privacy, convenience, and quite the obvious one: bragging rights.
What Makes a Luxury Property
Aside from having an impressive home address, living in a prestigious house should have everything you need to live comfortably.
Security
It’s no secret that when it comes to the affluent market, their belongings most likely cost a kidney for the average person. The people belonging to this market are powerful and influential. Either they’re one of the top dogs in a big company or they own the company. Business tycoons, high-ranking government officials, A-list celebrities, and opulent families with generational wealth generally make up the group.
So when there's a rich person, it’s quite obvious there are different kinds of assets that should be protected. A luxury property should be located in a community that puts security at the top of their priority list.
The high-end community has the facilities such as perimeter fences, gated and guarded entrance gates, electric fences, roving security personnel, high-quality 24/7 CCTV cameras, and alarm systems around the neighborhood.
When wealthy families want their peace of mind, they’d even have their own set of security forces such as bodyguards and undercover agents roaming about their estates.
Privacy
Security and privacy often go hand in hand, but for luxury real estate? Privacy is different for the rich. For regular folks, privacy is as simple as buying a set of curtains and setting up an alarm system. For the crazy rich, however, it’s having a home address so private that even Google Maps respects your privacy and decides not to show it to the public eye.
A few luxury properties even have an underground section of the house for private parties and activities. They’d even have perimeter walls so high, you’d probably see a glimpse of the vast estate.
Convenience
Convenience, whether it's a simple house or a grand mansion, you should always prioritize living conveniently. Luxury real estate such as condominiums have prime locations such within bustling cities. Luxury homes are often located in a secure area but have the perfect distance to the central business district, airport, and elite entertainment hubs.
Ultimate Bragging Rights
Luxury properties are known for their interior design and architecture. Wealthy investors love to show off their lavish lifestyle and home. When you buy or sell luxury properties, make sure that the home is good enough to brag about.
From the little details such as the material of the kitchen countertops to having a smart home that can be controlled by voice or sensory activation, people love to boast about these details to their friends.
Yes, high-end properties do have a certain style and aesthetic that makes it look expensive. And one might think that those physical attributes are what makes a luxury property. Beyond the grand gates of the sprawling estate, however, resides a family living not only in style but also highly protected and conveniently close to their other affluent connections.
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This is very insightful. And if you want to know the reasons why people are investing in a luxury real estate is to secure that luscious life in the near future!