A luxury home is more than a place to live—it's an investment. As such, when you are shopping for the perfect luxury home, you not only want to find one that will suit your needs, but you'll also want one that will hold its value in case you decide to sell it in the future. Here are five features and amenities that help a luxury home hold its value.
A Great Location
If part of the home's appeal is its location, then it stands a better chance of holding its value. For example, you'll be more likely to get a good price for a luxury home located 10 minutes from a resort town than for one located in a small farming community in the rural countryside. Even if the location is not overly important to you, buying a home in an in-demand location is a smarter investment since location is important to most people.
Open Floor Plan
Open floor plans are really in demand now, and they are not likely to go anywhere. Especially in a luxury home, people want to entertain, and that is a lot easier to do with an open floor plan. Steer clear of a home with too many closed-off rooms if you want it to retain its value.
Outdoor Living Amenities
When people pay for a luxury home, they want a space where they can enjoy both the indoors and the outdoors. As such, a home with some sort of outdoor amenities is more likely to hold its value. People often assume this means a pool, but that's not necessarily the case. A tennis court, large garden, outdoor kitchen, and baseball diamond are all other outdoor amenities that can add value to a home.
A Home Gym
Few people want to work out in their living room or bedroom, especially if they've just purchased a luxury home. A house with a home gym will be more in-demand, even if that gym just has some basic equipment like a treadmill and free weights.
An In-Suite Guest Bathroom
In addition to the master suite having its own bathroom, you'll want the home to have at least one guest bedroom with an in-suite bathroom. This makes hosting guests so much easier. Potential buyers will see more value in the home since it will feel more posh to any friends or relatives that they have stay overnight.
The more of the above features a luxury home has, the better it will retain its value over time.
For more information on luxury homes, contact a realtor.Share