Monthly Archives: April 2020

What You Can Expect From A Luxury Home

Most people define luxury majorly in terms of price but there is so much more to luxury than just the amount of money you spend. It is very hard to define luxury homes in an exact way because this is something made up of several factors. If you are looking for a posh home to buy, there are some general qualities expected within it and they are what together create the luxury that is the home. Below are some of the features that such homes tend to have in common.

Prime location

Luxury homes tend to in coveted locations like on the beach or overlooking a sea for that matter. Others are in secluded mountainous areas or atop one while others may be overlooking a beautiful city. It all depends on whether you wish to have your home in the city or the country but generally they will be prime located attracting high end buyers for that reason.

High price

Like mentioned earlier price does interpret luxury and most homes under this category will be highly priced. Different areas attract different prices but you cannot expect to pay anything lower than half a million when looking for a luxurious home to and the prices can go way up into tens of millions depending on the magnitude of the property.

Exquisite amenities

Luxury home carry the most exquisite amenities in that you can conduct your life right from your home without needing other services out of it. Most will have a gym, spa, swimming pool, Jacuzzis, arcade rooms, movie theaters and even decontamination rooms. Some luxury homes come with outrageous amenities and they are what attract the buyers because they make the property unique, self-sufficient and convenient in every sense. They are some of the factors commanding prices apart from location.

Premier quality

Luxury homes have everything selected with care from the appliances, finishes, design and even materials used for construction and décor. They are all cut above standards so you the buyer can have something to pride yourself in. Hardwoods, marbles, crystals and Venetian plasters among others are common components in the homes.

Exclusivity

High end buyers including high profile individuals and celebrities treat their homes as serene refuges hence privacy is given center stage in luxury homes. If the home is not located in a secluded land large in size, then privacy will be achieved using foliage covers, high walls and tightly gated entrances sometimes complete with guards to keep the peace.

Luxury homes without doubt have so much to offer to buyers; as long as you can buy it, you can enjoy it. Some buyers actually look for homes that have interesting stories or histories behind them to give them that edge that everyone yearns for. Whatever the choice you make, you can definitely expect much more from a luxury property than a standard normal home. The choices are numerous so finding your ideal luxury home should not be too much of a task.

Property Investment Loans and the Luxury Home Market Still Suffering

Both the luxury homes and the investment property market are still feeling the pinch of the credit crisis, with loans hard to come by and substantial excess inventory. The process of arranging loans to buy property has been drastically affected since the Lehman Brothers crash, and most lenders have increased their lending criteria by a substantial margin.

It is unlikely that a borrower will be able to arrange financing without at least a 25% deposit available. When one takes into consideration the increases in charges and fees to arrange a loan, realistically this needs to be closer to 30%. Until such times as the commercial property losses accrued and coming due over the next 18 months have been declared, lending is going to remain restricted and the markets will continue to devalue.

Some markets may recover sooner than others, but the problem of overbuilding – particularly in the “luxury” segment is likely to continue to cause a problem for some time. With the end of the 125% “jumbo loans,” and a return to rational lending, one has to wonder how much of the current inventory is going to be unsalable.

It is hard to accurately predict where the turn around point will be – and there will be one, but many are calling that point and have been calling it almost since the downturn began. But – I feel this problem is still unresolved and this one is too big to “hype,” our way out of. The underlying fundamentals: lack of credit, upcoming banking losses in the commercial property sector, and rising unemployment have not changed.

Apartment for Rent in Edmonton – Two Simple Tips for You

Most people come to Edmonton for business or political purposes. One of the things to consider when you come to Edmonton is accommodation; in fact the problem is not the difficulty of finding temporary shelter, but how to choose the best one among the hundreds of residences provided.

Choosing temporary shelter during dealings with several clients and business partners is not easy. Although there are many decent dwellings in this city, you still need a guide to rent a place to stay. There are many residences to choose from, whether you want a luxury home, a condominium or apartments in Edmonton. Depending on your budget, you can choose any accommodation according to the needs in this city.

If the apartment is your first choice, then it is the perfect decision. Renting an apartment is a recommended residence when you come to a city abroad for business, politics or education. The apartment can be a second home because it provides various facilities like your own home, such as internet connection, laundry service, secure parking location, refrigerator, in-room storage, laminate flooring, landscaping property, stove, window coverings, pet friendly, department store, public transit, etc. There are two ways when people come to Edmonton to rent the best apartment; they are to go to an online directory and local realtor or agent.

There are several online directories that provide listings of apartments in Edmonton or other region like apartments in regina. This directory will help all tenants, whether they are business people, politicians, or students. This service provides an opportunity for all people to get a reasonable offer. Each tenant can see the appearance of the apartment in a transparent manner through detail pictures and videos. The directory home page also displays important information such as, facilities, rental rates, location, rental incentives, and property information. Apartments in Edmonton and Regina also provide special services for students affected by Covid-19. Students who leave and are unsure of moving their furniture because of the uncertainty of Covid-19, they will get storage services for the short term.

If you don’t have time hunting apartments for rent through cyberspace, then you can work with a local real estate agent or realtor. Local agents are highly recommended because they understand the true condition of the location around the apartment. The services of local agents are very useful so that you don’t bother to make choices as needed. For example, you are a new student, and then you can ask how far the apartment is from the university. If the distance is too far, then you can ask for recommendations about the closest apartment to the campus. The agent will give you a solution quickly because they have an updated list of apartments for rent. Tenants from outside Edmonton will feel the extraordinary benefits from the agents because the rental rules for property in each country are different. The agent will also be responsible until you get the appropriate apartment. So, where do we get reliable agent data? There are many sources, but the most recommended is through the agent’s email list.

5 Features Your Luxury Home Should Have

For those with a larger budget to spend on their property, investing in a luxury home can be a highly attractive option. Featuring amenities that other properties simply do not have, living in one of these houses or condos can provide an unbeatable level of peace, comfort and total indulgence.

When looking for a property that fits the “luxury” label, however, there are some specific features and qualities that you should look out for. These will ensure that you get the most out of your budget and find a home that you will love spending time in.

Firstly, any home with a “luxury” tag should come with great views; this is non-negotiable. Although many regular properties will have nice views of parks, gardens or even the sea or a lake, many also find themselves vi’s-à-vis neighbouring properties, busy roads, car parks and other not-so-pleasant scenery.

It goes without saying, therefore, that if you are paying a premium for luxury homes, there should be a vista to match. Many property developers will ensure that this is part of your package, with every building in the luxury property designed for extensive views over a variety of scenic areas – without looking into your neighbours’ windows.

A second feature that all luxury homes should have is easy access to local amenities. Again, the luxury label should mean that you are getting the best of everything, and this is why these condos or houses come at a premium. Do not settle, therefore, on a so-called luxury property which is inconvenient for you in any way, shape or form.

It is indeed possible to find these kinds of properties in downtown areas, near major parks, near quality schools and universities and within easy reach of public transport. When you are searching for top-of-the-range property, you should expect that what you are investing in is prime real estate in one of the best and most convenient areas of town.

Thirdly, your new home should offer you an excellent level of security. This can be in the form of an integrated security system throughout the property, or even a manned security post in the building, in order to ensure that residents feel safe and protected at all times. Security should not only extend to the condos or house, however.

If you have a vehicle, ensure that the luxury homes you are looking at offer secure – and preferably underground or enclosed – parking, as this will offer optimal protection of your vehicles. As luxury properties are potentially a target for crime, high levels of security are essential.

A fourth thing that you should demand from your home is all the latest and highest quality fittings, including triple-glazed windows, electrics, plumbing, heating and insulation. If you are splurging on buying your new home, the last thing you want is to end up spending on fixing faulty wiring or heating in a property that always seems to be cold.

As well as the looks of your home, it should also be highly functional. Make sure that the property developer has put everything in place so you can enjoy an unparalleled level of comfort and convenience in your new condo or house.

Lastly, all luxury homes should come with an exceptional standard of finish, whether this is in tiling,painting, parquet flooring, bathroom and kitchen furnishings or light fittings. For a property to truly deserve its luxury label, property developers should not have skimped in any of these areas, instead only choosing the most gorgeous and highly functional fittings.

When thinking of buying such a home, check with the property developer or seller who designed the home, which fittings were chosen and why, and where they were bought from. In new builds, you may also have the opportunity to add your own selection of finishes during construction, which is certainly one alternative way of getting a luxury finish that you are sure to love.

All You Need to Know About Luxury Homes

When we talk about luxury homes, what strikes our mind? Lavishness, magnificent, grandeur and of course pricey. Owning a luxury home is not just a status symbol, it’s about enjoying the comforts of one’s life you could think of at your own space called home. Often the term “Luxury Homes” in India is used to lure people into buying projects that are of course not so luxurious. Offering just more than the basic amenities does not come under the term luxury. Luxury homes have a whole lot of special features that highly distinguishes itself from other properties. So before you fall into the trap of the real estate agents, suggest you look into some of the major features that highly speak of luxury and luxurious homes.

SPACE

This is the very first thing that defines a home luxurious. For a housing property to be termed as luxurious it should be at least a 3BHK with attached washrooms and balconies. Ample of space is required to accommodate life’s luxurious amenities. So a huge hall, a lavish dining space, and an expansive kitchen form an integral part of the entire luxury property definition. Don’t forget to look for an attached servant’s room to the residential unit you are looking to add as a luxurious property to your status.

LOCATION IS THE KEY

Believe it or not, location does play a very important role in defining how luxurious your property is. Look for a location that has good connectivity, is marked as safe, is riot and crime free zone, has excellent infrastructure around the property in terms of wider roads, less traffic, more greenery, highly clean etc.

Read – Important Aspects That Define A Luxury Home

FLOOR-TO-CEILING HEIGHT

Luxurious homes are also about beautiful ceiling art and accessories. For the ceiling to hold lavish chandeliers and lights, the height of the floor to ceiling should be more to accommodate the luxuries. For a home to be termed as luxurious, it should meet the standard floor-to-ceiling height i.e. 12 feet or more. Agree or not, if this criterion is not meet then your property does not fall under the luxury tag.

ELEVATOR

Big and spacious elevators with good carrying capacity is an added feature of a luxurious property.

HIGH SECURITY AT YOUR PROPERTY

In today’s not so safe and unstable environment, one must consider making your home as much secured and safe as possible. See whether the property offers inbuilt and enhanced state-of-the-art modern security facilities pre-installed in the house. The house should also be guarded with human guards around the clock with cameras and other surveillance units installed at every corner of the property for enhanced security.

The above-mentioned points are some of the key features of a luxury home. So, the next time you go to look for a luxury home, keep these features in mind so that you are clearly not tricked by the agent to buy a mediocre property in the name of luxury amenities.

With the rise in the economy and exponential growth of wealth among the people, demand for luxurious houses and properties is on the rise. So to fare well in this competitive market, real estate developers are constantly innovating in the architecture and incorporating high-end technologies and innovations to build projects that are capable of attracting niche buyers. Thus the market for such luxurious houses is expected to grow further in the year 2017.