Luxury homes have many different definitions and for each definition it all comes down to the perception of the buyer and seller in the market the home is located in.
Luxury homes in Bryan – College Station are not necessarily defined by price or size but rather by the perceived lifestyle the home represents to an individual in that area.
As an example, a 1,000 square foot apartment in Times Square, New York may be smaller but cost more than a 5,000 square foot home waterfront property on 4 acres in Wyoming.
Similarily, a 5,000 square foot home on 2 acres outside the city limits of Bryan and College Station may cost less than a 4,000 square foot home on a 1/4 acre lot inside the city limits.
So excluding the location of the property, the size of it and the market value of the home what constitutes Luxury Property for this market?
In our next post, we will provide a list of possible features to look for that evokes the label ‘Luxury Home’.
What is the prime deciding factor for the cost of a home is its location. For Bryan and College Station homes outside city you may need to cost high like those inside the city limits and this is how you can have luxurious residence within limits.