Real Estate Agent in East York - Better Homes And Gardens Real Estate

Keep These 5 Things in Mind When Building a Luxury Home

28 March 2018
Kevin Hartley

We all know the saying: "There's no place like home." And this is even truer if you invest in a luxury home. This truth is because if you buy a house that someone else has already lived in, there's usually at least one thing that you wish you could change. But if you're getting a custom luxury home, every inch of that house is made to your liking. There will be no place like home for you. So, below are five things you should consider when making such an investment.

1) The First Rule of Real Estate

The first rule of real estate is all about location.

The location of your home will affect how much you can sell it for in the future, how convenient it is to live there, and how much you'll enjoy it overall.

Be sure to consider how far you'll be commuting to work, the schools that are close by, and what your neighbors and overall community will be like.

2) Amenities are Limitless

If you're getting a luxury home, you have the option to include any amenity you can think of.

But make sure to choose ones that make sense for you to save money and space.

For example, don't waste a big part of the property on a basketball court if you'd use a movie theatre more.

3) Your Home is Not a Museum

Some people design a home so precisely that they never even enjoy it. Everything has to look untouched like it's some museum.

Remember that this is your home, and it's for your enjoyment. Design it with coziness and functionality so that you enjoy it as much as possible.

Make your home a place where your kids want to hang outand where they want their friends to come hang out. It is always easier to keep your kids safe in your home. A game room, playset, basketball court or some other available activity will make your kids enjoy your luxury home.

4) Choose a Quality Builder

You'll have an endless list of contractors who would like to take on your project. And while your builder won't be moving in, you’ll be living with their craftsmanship for years to come.

To make sure you choose the best one, consider:

  • Their previous projects; do you like what you see?
  • How customizable (flexible/creative) they are
  • Communication skills; do they listen, are they argumentative, do you mesh - will you trust and enjoy having them in your home during the project?

Another essential element to look at is the reviews left by prior clients. Be sure to read the reviews with an open mind. Some customers may be satisfied while others might be disappointed. But, just because someone isn't satisfied, doesn't mean the contractor isn't good at what they do; there are at least two sides to every story or review. Ask if there are cleints you can actually speak with directly.

5) Use Fireproof Materials

If you're investing in having a custom, luxury home - you should protect the luxury home with fireproof materials. Not only will this keep your home safe, but it could help with your insurance rates in case an unexpected disaster happens. Either way, it isbest to protect your home and your familyas much as you can.

There are options when it comes to siding, roofing, window glass - even carpeting. Using these materials is the best way to protect your investment.

Investing in a security system that includes smoke and fire sensors is always an excellent investment to make. Using fireproof materials is essential especially if you are living in a high-risk environment. If you live in potential fire-hazard location (i.e. distant fromt he nearest firs station, near a dry or wooded area), be sure to ask your contractor about materials that will limit the fire damage done to your home in the face of a disaster.

By keeping these five things in mind, you're on the fast-track to living in a customized, luxury space and there will be no place enjoy and call home.

Thanks for reading. Questions or ideas for a future blog? Feel free to contact me here.

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Kevin Hartley, Broker is a Toronto based real estate Broker with Better Homes & Gardens Real Estate | Signature Service, Brokerage. @Home is his lifestyle blog, an expression of his passion for home keeping though MAKING (Recipes), DOING (DIY), BEING (Health/Wellness) and DWELLING (Home Ownership, Sales & Maintenance).  Content not intended to solicit clients under contract.

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