They said that when hen you repeat a word enough times, it loses its meaning. Using the appropriate phrases is especially important in real estate, where the right description can attract buyers to a home on the market. As a result, when half of the properties on the market are suddenly advertised as “luxury,” the term’s definition begins to blur. In recent years, the term “luxury” has become overused. While listing descriptions for properties around the country may brag of luxury features, home purchasers will frequently discover that these homes lack the actual richness that one would expect from a luxury home. You can type “luxury real estate in Bali” and the search result will vary from the actual luxurious, big oceanfront mansion with two pools to old house with two bedrooms.
Let’s be real. The word luxury is a bit overused, and it takes special skill to spot a true luxurious house that worth million dollars. It takes special skills to understand how luxury is defined in your location use that knowledge to effectively articulate your homebuyer expectations. This is how.
What is Luxury Real Estate in Bali?
A luxury home is one that is valued in the top 10% of the local real estate market. Luxury homes are typically large, in prime locations, built and completed with high-end materials, and planned with unique architectural characteristics and luxurious facilities. While the characteristics of these homes are highly sought after, they are more uncommon in the market, adding to their opulence.
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What Makes A House Sits in Luxury Market
You cannot just label any two-story house as a high-end property. High-end structures are referred to as luxury residences. These residences often have seven key traits that revolve on their location, price, size, materials, design, amenities, and prestigious history to be deemed high-end. Although many qualities are typical among upscale residences, hotels, and villas in Bali, there is no criteria for categorizing a property as luxury. A luxury building’s features include a prime location, high-end interior finishes such as marble countertops, professional-quality kitchen appliances, and customized closets, as well as hotel-like amenities such as concierge services, a top-of-the-line fitness center, and a spa center.
However, usually a high-end house is determined by at least five factors; location, materials, architecture and interior design, and prestige.
Location of the Luxury Real Estate Bali
High-end luxury homes and villas in Bali are built in the most enviable of all sites. Thus, location is one of the most important factors of property value. These luxury real estate Bali may be found in ideal settings across the island, whether they’re high in the mountains of Ubud, by the waterfront of Jimbaran, or in the heart of bustling beachtown like Seminyak.
Materials of the House
Quality is just as crucial as quantity in high-end residences. It doesn’t matter how many rooms a property has if it isn’t built and completed with high-quality materials throughout.
Wooden herringbone floors, Italian marble worktops, ornate granite mantlepieces, and top-of-the-line stainless steel equipment are all seen in luxury homes.
Luxury Amenities of Bali Luxury Real Estate
Imagine walking into secluded super-villas that celebrities often booked for their Bali holiday. The amenities provided by these high-end residences range from traditional conveniences such as swimming pools and tennis courts to more ridiculous attractions such as indoor rock-climbing walls and shooting ranges. If you can imagine it, there’s a good chance it’s already in a luxury home somewhere.
Prestige of the House
The historical significance of a home might also lead to it being classified as a luxury property. Homes with prominent stories to tell, whether created in a historical style, built by a well-respected starchitect, or formerly lived in by a celebrity, are considered as more high-end. However, putting a price on status is difficult. Just because a home is well-known does not guarantee that purchasers will be prepared to pay more for it.
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Striking Architectural Designs
Homes that stand out are valued more than the cookie-cutter homes found in many suburban projects. As a result, high-end residences exist in a variety of sizes and styles, as grandeur implies various things to different people. Often, it is the home’s distinctive designs – which are based on the unique goals of the person for whom it was created – that confer the luxury moniker on the house.