5 FAQ’s When Buying a Luxury Home in Calgary
- May 25, 2016
- By Cody Battershill
5 Frequency Asked Questions by Luxury Buyers (& Advice)...
Many people dream of owning that premier estate mansion, inner city infill or other high end luxury property at some point in their lives. For some, it could be lots a massive house with lots of land outside of city limits, or, perhaps a chic riverside penthouse condominium.
Regardless of whichever the type of property that may be, truth is that acquiring that dream may take some time as the typical cost for a Calgary luxury home is two to three times higher than a middle-class residence of the same type.
When the time is right - and because of the cost - getting the most out of your luxury home purchase is a must. That includes finding the right Calgary real estate agent with experience in luxury home sales, as well as answering all the questions you may have before signing on the dotted line.
Here are five of the most frequently asked questions luxury home buyers have and will want to answer before making any moved.
#1 - What are the rules and guidelines for the community / building?
Are you thinking of buying a single-family home in a gated community? Maybe its a penthouse condominium in downtown Calgary?
A factor in maintaining the exclusive status of most affluent communities is to uphold strict rules and guidelines set forth by the local home owner association or condominium corporation.
For condominiums, you will want to know exactly what bylaws are in place just in case you do have pets or are planning on having some in the near future, for example.
Make sure you know exactly what these rules and regulations are before moving into your new luxury home. Your real estate agent will be happy to assist you in obtaining this information.
#2 - Is this a good investment?
Buying a luxury home may be one of the largest purchases you'll ever make. With that in mind, evaluating any potential factors that could appreciate or depreciate its value in one, two five, or even ten years into the future is a wise decision.
For example, plans to build a new recreational centre and middle school nearby in a few years could potentially appreciate your homes value.
On the other hand, a new condominium project built in a few years that is taller than your penthouse level could hinder its view upon completion and create unwanted noise during construction which could work against your favour.
Using a renowned real estate agent who is familiar with city zoning and other future plans for the area is always key to help you find the best luxury property and substantiate a good investment.
#3 - Is the home located where I want it to be?
Location is one of the most important aspects of any home purchase. With luxury homes, it is especially important to buy in a desirable area that will fit your wants, needs and lifestyle best.
- Do you work downtown and want to live close to the city centre in a community like Mount Royal?
- Are the river pathways close to a Mission penthouse condo something that you want to use on a weekly, if not daily basis?
- Maybe you would prefer a suburban luxury neighbourhood on the edge of Calgary with easy access to the mountains like Aspen Woods?
These are all important considerations to make sure you are completely satisfied with your luxury home purchase.
#4 - What features do I want in my luxury home?
Luxury home owners have specific wants and needs, therefore their homes most often than not are highly customized to tend to their desires.
If you are thinking of buying a luxury home, knowing exactly what features you want in your home is key and having the assistance of a real estate agent who knows these kinds of properties to help along the way is recommended.
Also see these 8 Things Any Luxury Home Buyer Should Look For for additional features today.
#5 - Are there any problems on the street or floor to be aware of?
Talking to a few residents living in the prospective community / building is always a good idea. They may have some information on a noisy neighbour or other characteristic of the area important to know about.
It never hurts to see if there are any problems you should be aware of before purchasing that dream luxury home you’ve always wanted.
Also see these 5 Tips for Buying a Luxury Home in Calgary today.
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Questions about Calgary Luxury Homes?
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Call me anytime at 403-370-4180 or message me below. I am looking forward to helping you accomplish your real estate plans!
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