A lot of factors come into play when buying high-end real estate. The market greatly affects your options for luxury homes. For instance, in a secondary market, you can expect prices to start at around $1 million. In primary markets like New York, Los Angeles, and Chicago, prices usually climb higher. This is only one of many things you must consider when luxury home shopping.
According to HGTV’s Luxury Home Buying Guide, there are five steps any luxury real estate seeker should take. These involve searching, evaluating, financing, making an offer, and remembering the details. Marcia Jedd, the author of this guide, states that while many homebuyers will look online for properties, many times luxury properties aren’t listed on the Internet. That’s just one example of how high-end home hunting is different than the norm. You also must remember that any additions or remodeling will take a larger toll than non-luxury houses. There’s a lot to be aware of.
If you’d like to read the complete guide, check it out here.
And if you’d like to check out some luxury homes that are listed online, visit our property search.