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.