Owning a luxury home is a dream for many of us. Here’s how to make it a reality.
- Work with a luxury real estate agent
There’s no substitute for professional guidance, especially when it comes to a major purchase like this. The high end of the market requires a specific set of skills, so choose an agent who specializes in luxury real estate.
A qualified agent can provide unbiased advice and help you make the best decision possible. They can also offer valuable insight into Cleveland’s luxury market.
Cici Riley knows the luxury market like the back of her hand. She has been connecting people and properties for over two decades. Call her at (216) 454-7298 or send an email to CiciRiley(at)HowardHanna(dotted)com for assistance.
- Know what you want
No two luxury homes are the same. Each one comes with a unique combination of features. A home’s provenance, or history, may also give it an air of distinction. To narrow down the search, come up with a list of must-haves. This will make it easier for the agent to search for listings.
Find a home that can help you lead the lifestyle you want, whether you’re a fitness buff, a car collector, or an avid golfer.
Keep an eye on trends in luxury real estate. New features are constantly being introduced to the market, from smart home technology to custom closet organization systems.
- Understand the search process
Top-tier sellers value their privacy, and, as such, most luxury properties are off-market listings. This means that you will not always see them being advertised online. That’s why you should find a well-connected luxury real estate agent who can give you access to these listings.
Moreover, top-tier sellers rarely conduct open houses, if at all. These homes can only be viewed by appointment. Your agent can help you set a private home viewing with the seller, with consideration to your own personal schedule.
- View the home
Many top-tier buyers make blind offers on luxury homes, or homes that they have never seen. This is mostly done by property investors. But if you intend to use the home as a primary residence, it is worth taking the time to view the property yourself. This is the only way to know if a home meets your requirements.
- Choose the right neighborhood
Location plays a big role in any real estate purchase. You’re not just moving into a home – you’re also moving into a new neighborhood. So choose one that reflects your values and interests. Most luxury enclaves are quiet and secluded, with few home sites and little to no traffic.
Keep track of any developments that might affect your purchase. For instance, ask about any projects that might block your view or increase traffic in the area. Find out about the local school district, as well as activities that might be of interest to you and your family.
- Have the home inspected
A luxury property may require special inspections that are not routinely covered by a standard home inspection. You may need to have separate inspections conducted for the pool and other amenities on the property.
With these tips in mind, you’ll find the luxury home of your dreams in no time.