cta5Luxury homes have been around for thousands of years. They’ve been called villas, estates, palaces, mansions, castles…all depending on the time and purpose they served.

But what is the definition of a luxury home today? Well, as you might have guessed, it varies depending on many different factors.

Price: A luxury home is expensive. But it’s very difficult to put a number on it, because location plays a key role. A million dollar house in Aspen isn’t a luxury home because most property around it is worth at least that much. On the opposite end, a 4000 square foot house in the middle of Texas with 50 acres might only set you back $400,000. While both houses might be nice, neither are really luxury.

That million dollars here on the front range of Northern Colorado? That can certainly make for a nice luxury home.

Space: Whether it’s space indoors or outdoors, chances are a luxury home will have more. This includes rooms that you might not need but that you definitely want, such as a wine cellar, playrooms, dens, and home theater rooms. Oh, and let’s not forget about the size of the garage. It will become a place where you can not only store your vehicles but also work on your projects.

Amenities: Being on a lake facing the mountains, living on a golf course, living in the right school district, and being close to city amenities all factor into what makes a luxury home.

So the definition of luxury homes can be a bit tricky, but you know what? You’ll know one when you see one! And when you want to see one, call a real estate agent who can find the exact one you want.