Based on a recent review of a listing for a luxury property in the Arcadia area, here are some indicators of what a luxury property will include:
15 Signs of a Luxury Home
Arcadia, Paradise Valley, Silver Leaf – These are all highly sought after areas.
2. Size/ Square Footage
Luxury properties are usually 4,000 sq.ft and larger.
3. Lot Size
Depending on the area, luxury properties have a lot size at least ⅓ acre or larger.
4. Custom Built/ Personally Designed
Luxury homes are not track homes. You will not see another home exactly like it. Luxury = Unique.
5. Curb Appeal
Anything from the finish on the outside of the home (Stucco, facade), landscaping, fountain, how the drive-way is paved, brick or stone. etc. that says “I am unique.” from the curbside.
6. Custom Floors
Stone instead of tile, premium 5” hand scraped hardwood, very unique and expensive.
7. Windows and Doors
The windows may be wood but with aluminum exterior for durability. Aluminum windows may run approximately $25,000 without wood. Aluminum and wood windows cost approximately $80,000.00, for example.
8. Kitchen Appliances
Brands/Makes/Models matter: Viking, Wolf, Monogram. Why are they more costly? What is the difference? They cook faster, are more convenient to use, and look nicer. Boiling a pot of water on a good range doesn’t get vapors around the pot, the hood actually works. Luxury fridges do not give food freezer burn, and food stays fresher longer.
9. Interior Door Hardware
Hardware for track home doors may cost $6-$7 each, luxury home doors may be $30-$50 each. The main difference is touch, feel, and appearance.
Solid wood doors are $350-$500 a piece, vs. a track home door is hollow and may cost $60-$70 each.
11. Luxury doors lock in three places (Top, bottom and center)
They cost $380 without installation and require a more intensive install.
12. Home Theater
Home Theaters require special wiring, sound and screen equipment and take up a large amount of space.
13. Smart Home System
Regulates temperature, lights, music, intercom, locks, etc.
14. Rear and Roof Elevations
Luxury homes will look just as good from the back as it does from the curb. Roof elevation- dressed up roof with nice tiles (clay mission, for example, vs. cheaper concrete tiles). Nice roofing tile is 3 times more expensive than a concrete tile.
15. Garage Doors
Luxury homes will have upgraded wood and aluminum doors vs. all aluminum. Price difference may be $4500 vs $1200.
How do you define luxury? Let us know!