Sale Luxury in Hidepark they depend on your information source, you will get a different answer to the question of what can be classified as a luxury home. The greatest difference in definitions is between towns; however, there seems to be agreement regarding the upper end of homes.
Homes that are unquestionably luxurious, are worth tens of millions of dollars or more. They have incredible amenities, professional landscaping and property planning, and are generally massive in size with ten or more bedrooms. These homes are advertised nationally and internationally. Real estate agents for these properties have additional responsibilities involving trusts, attorneys, and anonymity issues.
No one seems to question that these homes, often owned by extremely wealthy and usually famous people, are luxurious. In fact, these homes in Hidepark should be called “super luxury” homes to differentiate them from other high end homes.
In an entirely different class, the other group of luxury homes, are advertised locally. Property in the US that is valued at over a million dollars is usually considered luxury real estate. Consumers in high socio-economic groups are the target for these properties.
This second group of homes may have features such as wet bars, designer kitchens, wine cellars, theatre seating, in-ground pools, security systems, professional landscaping, heated floors, and tennis courts. These homes are generally larger than average with good locations, amenities, property entries, and entertainment capabilities.
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Luxury homes tend to have entertainment rooms with features such as built in seating and high end, up-to-date technology for the best movie watching experiences. Designer kitchens are also very trendy in high end homes with features such as custom paneling for appliances, extra under-the-counter refrigerators or beverage centers, and wine bars that fit among the kitchen pantry and other storage cabinets. Designer kitchens also include granite countertops, high end fixtures, customized storage drawers, and pullout pantries.
There’s no question that this second group of homes are also desirable homes to live in. However, are they really in the same class as homes in Hidepark which are also called luxury homes?
In both groups of homes, location, amenities, property entry, entertainment capability, and landscaping are considered. Most luxury homes offer a combination of desirable natural elements such as ocean proximity, views, or climate, and professionally designed landscaping and architecture. But really, if a 1.2 million dollar, lakefront home with a dock and a swimming pool is a luxury home, then Mariah Carey’s home must be a “super luxury” home.
If you are unsure how to categorize your home, your best bet is to talk to an Accredited Luxury Home Specialist (ALHS). Real estate agents with this specialty are knowledgeable about national luxury home trends, luxury buyer and seller needs, and the development of unique high level services.
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Most people don’t buy or sell real estate very often, so lots of myths have grown up around the processes and people involved. Here’s an examination of the top 10 myths about real estate.
Myths about Real Estate Agents
1) All real estate agents are the same
Totally false. Commissions, working practices and success rates vary vastly across agents. Do a little research to find the right person to work with.
2) All estate agents make a fortune
False. The commission may seem like a big chunk, but most agents only get paid when a deal goes through. Many houses are marketed by multiple agents.who may put in lots of work for no return on some houses.
3) Estate agents will do and say anything to make a sale
Almost always false. Sure there are dishonest estate agents out there, but most rely on client satisfaction and recommendations to thrive, so it’s in their interest to be honest.
Myths about Selling Houses
4) You don’t need to prepare a house for sale
So false it could cost you thousands! Most buyers want a ready to move into house, and don’t have a lot of imagination. General cleaning, minor repairs, and tidiness make a real difference to the chances of selling a property quickly and for the best price.
5) You’ll make more if you market the property yourself
Generally false. You won’t pay commission, but the agent will reach a far larger audience than you can, and they have the expertise to make sure the deal goes smoothly.
6) You should price high so you can come down
True, to a limited extent. There’s no harm in putting your hoped-for price up as a starting point, but you need to be realistic. Potential buyers won’t even look at a place that’s totally outside their price range.
7) If a property doesn’t sell in the first month, it won’t sell at all
Generally true! Potential buyers will look with suspicion at anything that’s been on the market for a while. This is the major reason why getting the price right and preparing the property for sale are important.
8) Spring is always the best time to market a property
Often true…But some properties have special circumstances. A beach house will sell better in high tourist season, while a ski chalet might do better if marketed in the winter.
Myths about Buying
9) You don’t need to worry about the finances until you’ve found the right house
False. Having your financial arrangements in place before you find your dream property means you can move quickly. This could make the difference between securing the deal or getting pipped at the post.
10) You can’t go wrong by investing in property
Mostly true…in the UK. The ups and downs in the property market over the years have left people with negative equity for a time, but the chronic housing shortage in the UK generally makes property a safe investment. Still things can go wrong, surveys and searches help reduce the risk of this.
If you’re buying property out of the UK things, become more complicated You really need an agent who’s familiar with the local regulations and market conditions, such as Saas-Fee real estate which offers properties in Switzerland.
Most other countries don’t suffer from the chronic property shortage which keeps UK prices high, so you need advice to make sure your investment is sound. Also the rules and regulations are different in different countries, again an agent that understands the local requirements will make sure you’re fully legal and protected.
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Hyderabad is one of the cities in India where the real estate prices are the lowest. In terms of buying and renting, this city ranks top as the most affordable in the country. The recent studies show that even those with an annual income of Rs. 10 lakh can afford to buy residential property in Hyderabad. The average property price in the city is less than Rs. 50 lakh and the average monthly rent is Rs. 12,000. The EMI on home loans and average monthly rent tend to be almost equal, making buying a better option. Even a luxury housing facility is available for better rates in Hyderabad. The trick is to identify the best luxury property at a prime location to get the maximum benefits say experts at Sulekha Properties.
The builders you choose can add to the value of luxury. Always look for the high quality developers that deliver only top-class projects. The tier-1 developers promise value for money for the investment you make.
Areas for buying
Those who are planning to buy luxury home in Hyderabad need to look for areas that have the best infrastructure and facilities. It is not enough that a housing project falls into the luxury category. The area where it is located also must qualify for luxury living. Access to good roads, facilities for leisure and entertainment, and excellent connectivity are some of the features that make a place an ideal choice for luxury housing. Locations like Banjara Hills, Jubilee Hills, Kondapur, Hitech City offer quality living and facilities to the buyers.
One of the mistakes that a luxury home buyer makes is to be lured by the premium amenities advertised by the builders. Many frivolous facilities that made you buy the house may remain unused after months of living as the initial novelty fades. Always look for only those features and facilities that you will be using on a regular basis. Another consideration is the level of security offered. Many luxury projects offer multi-level security systems involving innovative technological devices and trained manpower. Make sure that the promises and offers are delivered efficiently.
As important as the builder and the location is the kind of neighbours you have in the chosen luxury housing project. If a major part of the owners in a villa or apartment project are investors who let out their property to tenants, there is going to be lesser concern towards the maintenance and longevity of the building or society. Always look for projects where the owners form the majority of residents.
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