You’re looking to buy your dream home, and you’re not sure where to start. Often times, those who are looking for a luxury home end up building their own home. But what exactly defines a luxury home, and how do you know how to find a builder who is qualified to help you make your dream a reality?
If you need more information about building your luxury dream home in New Jersey (NJ), contact your local NJ homebuilder for more information.
You probably already have an idea in mind of what you want your home to look like, or certain functionalities that you’d like it to have. You have a general style or color palette that you’re trying to adhere to, and you’d like your home to project a luxurious feel while also containing all of the necessary aspects that you desire.
When thinking about building a luxury home in NJ, consider the following aspects that create a luxury home.
Speaking with your luxury home builder beforehand with your ideas already in mind will help you find the right builder. It will also speed up the process of building your home and allow you to have more productive conversations with everyone in the home building process.
So, what defines a luxury home in NJ?
Price Point: How Much Are You Willing to Spend?
It’s sort of an obvious statement that a luxury home is best defined by the price point. More expensive homes are defined by some people as luxurious, but the prices differ. Some realtors define luxury homes as homes over $1 million in value, whereas others pinpoint them in the hundreds of thousands.
When it comes to homeowners, there is no standard for what defines a luxury home. A luxury home can be defined by whatever number is a stretch for that particular person’s budget, or it can be defined by what’s inside the home itself.
Finishes and Amenities: What Will Be Inside?
For many builders, the finish and amenities inside the home are what makes it fall into the ‘luxury’ home category. Updated appliances like washers and dryers, dishwashers, shelving units, hot tubs and pool fixtures along with many other amenities can add to a home’s luxury status.
Finishes also have a large influence on whether or not a home will be defined as a luxury home. Materials like marble, glass and granite are all different price points when decorating and filling your home, and what you choose will add or detract from your home’s value.
Size and Location: How Big Will Your Build Your Home and Where?
The bigger the home, the more likely it will be considered a luxury home. While there is no exact square footage to support a defining characteristic, enlarging your home will generally raise its price point. However, take into consideration location and home type.
For example, a multiple bedroom penthouse in New York City may be considered a luxury home even though it pales in comparison in size to other larger homes built out in the suburbs. Location is a huge factor in defining whether or not a house is a luxury home, and in NJ, depending on where you live, you will find more luxury homes.
An experienced and professional NJ luxury home builder will be able to walk you through your dream luxury home’s defining characteristics and help you best understanding the building process that will eventually make that dream a reality.
D.E.N.J. is a second-generation family operated residential and commercial developer based Monmouth County, New Jersey. For more information on how we can help you build your dream home, contact us today.