Searching for luxury real estate can be complex, as exclusivity is a marker of high-end property options. Although the definition of luxury may be up to personal taste, there are a few common factors among all properties considered luxury. To make your search worth the while, here are six things you need to look for when investing in Chappell Hill luxury homes. But first, here’s a look into the local real estate market.
Chappell Hill is a small Texas town located southeast of Washington County. This town is full of history, and its prime location near rolling hills, historic landmarks, and calm lakes make properties in this area some of the most expensive in the state. Chappell Hill is a seller’s market, as the median list price is rising and the average days on the market are fewer than last year. With this in mind, here’s what to know when searching for luxury real estate.
1. Defining luxury
Luxury can be challenging to define, as it’s different for everybody searching it out. Typically, luxury homes are within the top 10% of properties on the market. And although national and international buyers highly seek them, they’re also rare and sometimes uncommon in their locations. As well as being exclusive and expensive, luxury properties are one of a kind, offering amenities or views that nothing else in the area can provide.
Defining luxury also depends on what a buyer values and how much they’re willing to pay for what they deem luxurious. Other factors used to define whether a property is or isn’t luxury include its size, location, amenities, design, prestige, and investment quality. These factors also must be balanced against the context of the property’s city or town, as a luxury property in New York will look much different than one in Chappell Hill.
2. Its location
Another aspect of the location to consider is the neighborhood. Beyond what the area looks like, investigate who your neighbors would be and what the location could provide, all of which can make or break luxury real estate. For example, country communities in Chappell Hill, like Timber Bridge, Chappell Creek, Chappell Grove, and Meadows of Chappell Hill, provide a luxury experience in their stunning wooded views and private living on large acreages.
3. The property’s specs
Its design should also be one-of-a-kind or unique in some way, whether custom-built or markedly different from nearby suburbs made up of identical homes. A home may also be lifted into luxury status if a famous architect designed it or a celebrity lived there.
4. The property’s amenities
The amenities a luxury property offers buyers is another thing to look for in the home search process. When it comes to these properties, a homeowner’s imagination is the limit for what can and can’t be added to a home. Amenities like energy-efficient and state-of-the-art appliances, indoor gyms, personal theaters, wine cellars, and more all make a home luxury.
Developed outdoor spaces are also crucial to a luxury home, especially in areas like Chappell Hill, where surrounding nature is part of what makes a home exclusive. Areas like fully equipped outdoor kitchens, a pool, a hot tub, or multi-use courts can make a property high-end. A sprawling property can also be considered luxury real estate if beautifully maintained.
5. A good investment
6. A luxury real estate agent,
Additionally, a luxury agent will be very familiar with Chappell Hill and can tell you about the amenities that different communities in the area offer residents. They’ll know how to find listings that match your wants and needs and can help you make an offer on a home when you’re sure about a property.
Ready to search for homes in Chappell Hill?
*Header photo courtesy of Shutterstock