Factors that Constitute Luxury Real Estate and how it is Evaluated by the Professionals

If you are looking for accommodation in a big city, what would you like to have it as the top feature? There are several factors that are overwhelming for most people looking for a place to live. For example, a mansion is up for sale in New Canaan, Connecticut, USA. One of the features that are advertised is that it has an underground garage that can accommodate at least twenty cars. Just imagine, 20 cars! This feature is more than enough, even for Floyd Mayweather, ex-heavyweight world champion, who has reportedly 8-10 cars including Rolls Royce and Lamborghini.

People looking for luxurious accommodation can look for several aspects like a huge lawn, Olympic-size swimming pool, tennis/basketball court, gym, indoor theatre, etc. This is just the beginning as the list can include several more features according to the type of accommodation. For example, if you go for a penthouse, features can be very different than a huge mansion in the suburbs of the city. That is why features vary according to the geographic location and also the type of accommodation.

Features in a Luxury Condo

The word luxury in real estate is synonymous with extravagant living and features that are not available in most of the other accommodations. When we think about a penthouse that is luxurious in every sense, the location and the prices are two options that come to mind. But these factors only add to the value if the exterior and interior matches the price. Let me give you an example so that you can understand my viewpoint easily.

In the past, there are many scenarios in which we have seen that the price of a luxury condo is estimated at about four million dollars. The listed price was primarily based on the location of the condo. But upon proper inspection from experienced realtors and real estate investors, it turned out that the condo was not worth even three million dollars. What is the reason for this low evaluation of the property and what can an owner do in this concern? Let us analyze.

Evaluation of a Property 

They came to this conclusion after a thorough check of the exterior and interior of the condo and found out that substandard material was used in the construction. The final touches were also given in a hurry so that the experience for anyone was less than expected. For such a huge price tag, one cannot try to deceive people as this is not possible. The marketplace is full of professionals who can evaluate search properties within a few hours. In worst cases, this can make the property value nosedive because it simply does not have the merits to ask for the exorbitant price.

The bottom line is that you cannot fool experienced people in the market. If a real estate property has got the merits, it will list higher even than what you have initially thought. That is why it is a requirement for any luxury property to have the merits and all the facilities/features available so that it can demand a huge sum.

Other Factors like Luxury Kitchen, Bathroom and Living Room

When it comes to the interior of a condo or any luxury property, the kitchen bathroom and to some extent in the living room are enough to evaluate it. One can easily spend thousands of dollars on just the kitchen. The marble flooring, use of expensive tiles and other features can increase the budget manifold. But it does not guarantee that your kitchen will be considered luxurious because it is not just the amount spent on the property but how, as it must look elegant and luxurious.

The aesthetic sense of the designer and the owner of the condo counts a lot. Imagine what would you like to have in such a place when you are spending over two million dollars? It is not just the kitchen but the overall ambiance and feels that can make a place get the nod from the onlookers.

Over to you 

Thinking about adding something to this blog to make it more interesting? Or do you have any questions in mind? For feedback too, please use the comments section below.

You may also like


Learn The Reliable Prediction Method From Volume Profile Trading Course


Trading is complex work where you have to apply a lot of strategies to book high profits. Despite having various parameters for analyzing the market, it seems that the Volume Profile is the most consistent method of assessing the trends of the market. It will soo get clear once you join a good Volume Profile Trading course. You can actually maximize the winning and minimize the losses with the knowledge.

An advanced form of indicator

The Volume Profile is a highly technical charting process and indicator. It will show the traded volume of an asset over a specific period at a definite price level. The basis of the volume profile indicators are

  • Historical data of all successful plans
  • Strategies that had a positive outcome

As a stock trader, you should always be on the lookout for a reversal corresponding to the volume profile.

An advantage of the Volume Profile Trading course

Many traders believe…

Read More

Discover The Advantages Of Renting A Storage Room – AvatiSafeStorage


When you plan to move and are worried about storing your luggage, you can rent a storage room. This space is an excellent remedy for those who wish to keep their effects on the short, medium, or long term. In India, many companies have developed, offering this service to users. This expansion is explained by the fact that furniture storage is ideal for all Indian people who lack space. But what are the real advantages of self-storage?

A reasonably secure storage solution

Before the appearance of the storage room, most Indian people tended to store their luggage in their garage or somewhere else. Thus, they always exposed them to theft caused by burglaries and other break-ins. To provide a solution to this problem, the storage system was invented. Renting a self-storage facility allows you to optimize the security of your belongings. This type of space is equipped with windows that are…

Read More

Things You Need To Know About Technical Analysis Training


Technical analysis is one of the aspects of stock market investments that have continued to intrigue investors for a long. Typically, the studying of price charts and the formation that investors collate from them constitutes technical analysis. A technical analysis training course teaches you about price forecasting methods from analyzing volumes, statistics, cycles, and trends to understanding the statistics.

  • Technical analysis provides the latest information about the price of the assets and an ideal option for short-term or day trading.
  • The investors need not pour over the financial news to understand the reasons for rising or falling prices of the stocks and focus on its current price.
  • When prices of the sticks change or move randomly, the traders often find it hard to make money. Still, technical analysis helps you determine the popularity of a trend and when the situation may turn reverse.

Need for a course:

Technical analysis is of…

Read More

Why You Should Consider Buying Paintings Online – ArtByShree


Nowadays, it is possible to virtually purchase practically anything we want, and art is unquestionably no exception.

With thousands of talented original artists trying to reach their ideal audience online, there are now many great sites showcasing fascinating and beautiful original abstract paintings for sale for anyone looking to make a purchase.

There are always drawbacks to buying online, including that you have to wait before evaluating whether you like it or not.

Here are a few reasons why buying paintings online may be the right way for you to find the perfect piece of art.

Choose according to taste and preference

Buying original abstract art for sale online is an excellent idea because you can find something that appeal to your tastes and preferences, often from an artist you would never usually meet. As with all online shopping, it has become possible to discover things online that are not available in our…

Read More

3 Significant Strategies To Learn From The Options Trading Course


Do you want to go beyond the binds mutual funds, and stocks in your portfolio? Then it is probably the best time to invest in options trading. With the diverse options available, you can gain quickly, although the risks will be higher. To learn the best strategies and make the most of them, you should ideally join a good Options Trading course to understand the complications of the process.

The course can be life-changing

While the rewards are high in options trading, so are the chances of losing. If you want to enjoy the benefits, you should certainly enroll yourself in a course and learn the vital facts and strategies. In this post, you will get a few hints to the most common strategies that you may learn on joining the course.

Strategy #1: Long call

This is one of the best strategies that you will learn from the Options Trading course.

Read More
Business World News

How A Course From A Share Market Training Institute May Help


The stock market investment is not just grasping the number game. There is much more you need to learn to know the intricacies of the stock market. Therefore enrolling, in a stock market training institute lets you learn the market and its various tricks and tactics.

Things to know initially:

Are you planning to enter the stock market to buy and sell stocks? Do you know how to invest in stocks and what is the right time to put in money? Well, experts of a reputed stock market training institute have the answers, but if you are wondering how to access the services of experts, you need to know about the statistics of each stock and the condition of the market.

  • The newcomers trying to invest in the stock market should learn the methods, the framework of trading, and the strategies to prepare before buying and selling stocks.
  • The stock market…
Read More

Original Abstract Paintings for Sale Online – ArtByShree


With millions of worldly pleasures in your wake, the one constant emotion is art. No matter what form it is in, art with its beauty, ambience, creativity, history and culture will always amaze you beyond your imagination. Music, Dance, Painting, Storytelling and many more are different art forms that have evolved over the past years. Today we will talk about one of the most famous art forms- Abstract art.

Abstract art

Abstract art has been in our culture for centuries, where artists from all over the world appreciate the idea of creating a masterpiece that different people interpret in different ways. There has been a decade-long cultural debate over what the traditional meaning of a creative piece is. Abstract art, just as the name suggests, is abstract in its form, i.e., many people will understand the same skill in various ways, and there is no wrong way to scrutinize the piece.


Read More

Tips for Booking a Homestay to Enjoy an Immersive Travel


A homestay offers the optimum blend of an immersive travel experience and travel freedom. Booking a homestay is pretty appealing for adventure travelers looking to shake up their travel routine. When you are a guest at a homestay, you will not only meet the hosts and their families but also their friends and neighbors. That way, you will be able to increase your own social circles and foster the chance to form new friendships.

Curious about why and how to book a homestay? Here are a few tips for booking a homestay to enjoy immersive travel.

Experience foreign family culture

Immerse yourself in the local culture of the destinations you visit as it is a great way to see beyond the guidebook recommendations and must-see attractions. When staying with your host family you will have the opportunity to accompany them to local clubs and societies, as well as social events like…

Read More