3 Key Factors That Make a Property Luxury
#1 Location
Real estate is always all about location and more so with luxury homes. The better the location, the higher the value a property yields. If the property is in a pristine location, it could be a studio and still be considered luxury due to it’s geographic position. An example is a studio or condo on the beach, steps to the sand. A renovated condo in downtown Nashville, given the right neighborhood can also be considered luxury.
There are two variables for location that come into play. The first being the actual location of the property and the second being the view points a property holds. People are for the most part extremely visual. If a property holds special scenic views or multiple scenic views then it’s value increases. Less so if it does not. The only exception to this is if a certain property holds value due to it’s privacy features. Many times a property that has privacy will also have views that retain the privacy but give the home owner a breath taking vantage point which is the best case scenario when it comes to location.
There are different categories of luxury. Single executive luxury is vastly different then a luxury property that is designed for hosting events for example. Which brings us to the next feature of luxury properties.
#2 Social Accommodation Features
In many instances luxury buyers make decisions based on what appeals to others. They are very typically others orientated whether that be for purely social reasons or for business networking opportunities which typically blends for the luxury property owner.
Many luxury properties have features that are not only geared to please the owner but guests. The vast majority of luxury property owners hold a high priority on hosting various events; not only at commercial venues but more intimate gatherings at their private residence. This makes for a great way to further network and connect, discuss business in a relaxed environment, build trust and get tax write offs.
#3 Private Accommodation Features
Luxury buyers aren’t completely others centered. They often travel frequently and so have experienced what the world has to offer when it comes to luxury hotel style living. They prefer to integrate their favorite features from these global trotting expeditions into their own private property. Features that are often sought after by luxury buyers include the following;
Master bedroom; views that awe, apparel store style closets, spa type bathrooms and of course a general resort style look and feel.
Private wine cellar; wine cellars may also contain a secret vault and/or panic room with a security system. They are typically closely accompanied by an entertainment room of some form whether it be a private theater or gaming room.
Longevity; health and wellness features are often built in such as a personal training room, sauna, steam shower, spa pool, massage room and more. As science discoveries progress features such as a cryogenic bed, hydroponic massage chair or bed and other equipment are more common.
Nashville Luxury Homes
If you’re looking for the perfect Nashville home that meets your luxury criteria, contact us today. We have a variety of properties, some that are not yet on the market, that may be the perfect fit for what you are looking for.
If you’re looking to sell your luxury property, we have a unique process for selling luxury properties. Your type of property requires an approach that is different then selling the average home. We understand what those special requirements are and cater this process to your specific needs. Contact us today!
