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Bidadari Estate Development - Homes to die for!
Luxury property is determined by a great number of factors. Obviously, luxury property is more spacious than the average home or condominium in the marketplace. Luxury properties are governed by the laws of supply and demand -- the amount is restricted and depending upon the positioning, the demand could be tremendous.
mount vernon condo - However, take into account that there are other characteristics which make luxury properties luxurious such as marble countertops and floors, granite sidewalks around the property, track lighting, indirect lighting, spot lighting, outdoor and indoor swimming pools, multiple car garages, bedrooms with saunas and large bathrooms, huge walk-in closets, remote-controlled film projectors, TVs, curtains, doors, and security systems, etc... Quite simply, there's simply far more living space and more square feet on the luxury property.
Needless to say, from the market perspective, luxury property could be everything from a penthouse condominium or even a beach property with a 20,000 foot mansion on 2 to 3 acres of land. A property over a mountain may be based on the master as luxurious or extremely upscale when it is filled up with the previously mentioned amenities.
mount vernon condo - Therefore, how can any luxury buyer or investor determine if he or she is buying a bona fide luxury property? Well, the dictionary defines the word "luxury" as sumptuous, elegant, or refined living. Luxury is an aspect of life that a lot of people seek as a want, although not as a necessity. This sounds accurate in my experience. Any idea what?
Many times, luxury property may be based on the individual tastes of the buyer? As we say, "luxury (or beauty) is incorporated in the eye of the beholder." For many, a palatial estate may be construed as you with all the product or service benefits aforementioned plus the right building colors, design, landscaping, and first-class construction materials.
mount vernon condo - So in essence, what am I attempting to convey to you personally? Simply that, luxury real-estate is driven through the personal needs and wants with the buyer. Clearly, price escalates through the limited availability of luxury real estate that meets the specifications from the few who are able to afford to get yourself a dvd properties. The luxurious property companies are a distinct segment which has very demanding clientele, who (rightfully) expect the largest bang for your price tag that accompanies these properties. Thus, the ultimate definition of luxury property may be and can continue to be dictated by the purchasing power and whims of the people seeking luxury property.