Luxury Real Estate Properties
What defines luxury real estate properties differ among countries. However, location always impacts the property's value, especially with respect to its views (particularly, waterfront ones) or amenities such as proximity to golf courses, school districts, and the downtown district. Therefore a 1000-square-foot waterfront home with less than 1-acre of property is likely worth more than a 10,000-square-foot mansion with 10 acres of property somewhere inland in farm country.
Luxury real estate is usually defined as having an appraised value of over $1 million, yet this varies depending on location. The price takes into account surrounding homes, amenities, views, waterfronts, absence of crime-rate, industrialization or unwanted commercialization, customizations of the home, and historical or architectural significance.
WATERFRONT:
A shore or shoreline is being on the edge of a body of water, such as an ocean, sea, or lake.
AMENITIES:
In real estate property the amenities are tangible or intangible benefits of a property, especially those that increase its attractiveness or value or that contribute to its occupant's comfort or convenience. Tangible amenities include attractive an living room, dining room, large master bedroom suite, comfortable guest bedrooms, modern kitchen appliances, modern bathroom fixtures. Other amenities relate to the general features of the home like modern heating and cooling systems, attractive and well-insulated windows and doors, included swimming pool, insulated garage for multiple automobiles, multi-media home theater room, convenient laundry facilities, dressing room, multiple closets, etc.
Intangible amenities include views, noise and crime-free neighborhoods, nearby activities, good schools, a low crime rate, adding to the desirability of a property.
