Points to Keep in Mind when Buying and Searching For Your New Luxury Home
Go Above and Beyond the Large Search Engines
To protect sellers’ privacy, many of the best listings are only listed through realtors or on smaller search engines. Go above and beyond search engines and call several relators to find out about homes that might not be listed at all. We talked with Breckenridge Real Estate Group who said, “Get a really good realtor based upon the luxury homes you ARE seeing in the smaller luxury sites. They’ll have even more listings like this that are being kept quiet. You’ll want a realtor both working in the area you’re seeking to move and selling the kinds of homes you want to buy.”
Have All Your Documentation and Financials on Hand
High end home sales are going to require all kinds of financial info. See your banker to have an update on your portfolios and financials.
Don’t Jump to Make an Offer – Research, Research, Research First
You may be so excited about the house that you’re not comparing like homes and making sure the price is right. Take your time. You’ll want to examine every detail and have the home inspected and appraised by others before making an investment like this.
Research the Area as Well
Certain neighborhoods, no matter how nice they are, can have a streak of crime from time to time, especially from thefts and break-ins. Once a criminal gets away with one break in, they’ll be tempted to try another in the same neighborhood. So research your neighborhood.
If you have children, you’ll want to find out everything you can about their public schools if your children will be attending school locally. What kind of transportation options will your children have home from school if you both work? Do they have good, reliable bus drivers or do you need other arrangements?
The Things You Might Forget to Look At
Do you shun light? Make sure your bedroom won’t be bathed in screaming light then during your times of sleep. Look at the street and other neighbors’ windows—will people be able to see into area of your home or would you have to invest in dark blinds you may not want destroying the look of your windows. If you’re a super-private person, you won’t want a see through glass house or ceiling to floor windows. Although they might be beautiful, think about comfort ultimately.
How Old is The Building?
Old buildings and southern-style mansions might have a lot of charm but do they have all the amenities you need and will you be in need of repairs very soon within buying it? Again, an inspector is crucial, especially for an older home. He will be able to check, if you are purchasing an older home, for dangers such as asbestos, lead paint, or faulty wiring. You’ll need to know everything that is wrong before the negotiating, to hedge on the price. Inspect before you negotiate – always.
Examine the Room Plans and Diagram Furniture in Them
If you like a lot of furniture, sometimes it is easier to diagram this out than just look at the room and picture your favorite fixtures in them. Sometimes you don’t know exactly how little room you have in the place until you really examine the square footage of the room and the dimensions of your furniture. You may have already picked exactly which room of this luxury home will be your master bath and the idea of this is spurring on the purchase of the house. But will you be able to put your favorite old cedar bedroom suit in the master bedroom? Will it accommodate your other necessities such as your favorite bookcase? You need to know now not later.
Conclusion
In short, before committing to buying a luxury home, do all the background work possible before making a lifetime commitment to a home you’ll only have to resell. Exhaust yourself now, so you can enjoy your life and your home now. The perfect luxury home can lead to a happy, luxurious life.
Links
http://www.forbes.com/sites/vanessagrout/2013/10/23/10-things-besides-location-luxury-real-estate-buyers-should-obsess-over/
http://www.forbes.com/sites/trulia/2013/10/31/home-luxuries/
