Most people assume that luxury is always extravagant and massive. The truth, however, is that luxury is interpreted differently by different people. Hence, when you decide to invest a large sum of money in buying a luxury home in LA, it is only fair to want a place that perfectly fits your interests and desires. This step-by-step buying guide will take you closer to buying your dream luxury home.
Step 1: Understand the Buying Process
The first step entails that before you go on looking for a luxury house, you should equip yourself with some knowledge of the real estate market. In modern times, most luxury home buyers resort to online advertisements to find properties. But you must know that the most fitting home for you may not be available online simply because the owner did not market it for security and privacy reasons. By getting a basic insight into how the real estate functions in or around your area can prevent you from falling for scams.
Step 2: Prioritize Your Needs & Wants
Knowing what you want in a luxury home ahead of time will keep you away from getting distracted. Luxury homes are generally very aesthetically pleasing. So it is very likely that as soon as you step inside the first one, you will feel like that’s the one you want. But you must not forget that not all luxury homes will suit you the same way. If you have kids, for example, a house with too many classy but unprotected stairs will be very dangerous.
So, before you head out, try listing down the amenities you want, those that you don’t want, and then highlight the things that you are willing to compromise on. This way, you will save yourself from tremendous confusion that comes with choosing between two properties and also from making a decision that you regret later on.
A few helpful questions to ask yourself are:
- Does this place offer the quality of life I am looking for?
- Does this place compliment with my interests and the desires of my family?
- Is this luxury home the best choice for us?
Step 3: Consult Real Estate Agents
Finding an ideal luxury home can be extremely easy if you have a reliable Los Angeles luxury real estate agent on-board. The reason consultation is the third step into buying a luxury home is because once you are clear about your priorities and have a little understanding of the real estate market, it will be easier for you to explain your needs and wants to the realtor.
Getting in touch with a reputable real estate company, such as Pezzini Luxury Homes in Los Angeles, CA, can help you network with homeowners who haven’t listed their homes online and get to know more about the neighborhood. When choosing realtors, you should consider:
- Their experience and performance in the past
- The extent of knowledge they have about luxury properties and the neighborhood that you want to buy a home in
- Their availability and accessibility, i.e., are they available online, where are they located, etc.
- The area they have expertise in – for instance, do they perform better selling luxury condos or mansions
- The extent of trustworthiness and credibility (you may have to ask around or look at testimonials to figure this out)
Step 4: Shortlist a Neighborhood
The next step involves narrowing down the location. You should choose a neighborhood with an open mind. Be prepared that, at times, even the most unexpected locations can connect to you. In such situations, go with your gut feeling. Most luxury homes are situated in secure and clean neighborhoods, so think about other factors such as:
- How far is the place from town?
- Are there any good schools nearby?
- Is access to utility stores and other amenities easy?
- Can you afford the commute to and from your workplace?
Step 5: Things to Consider in a Luxury Home
By this time, you will have set your eyes over a few prospective luxury homes. But before you seal the deal consider the following things:
- Insurance costs and any additional costs
- Property taxes on that home
- The type of utilities and amenities available
- Inspection report
- Security measures
This guide will hopefully help you buy a luxury home of your dreams. Finding the perfect luxury home can be tough, and hence, in times of desperation, you will have to hold on to patience. But remember that your efforts will not go in vain!