Top Tips for Buying Luxury Property

Posted On: 27 06 2019

Purchasing luxury property is always an investment. Whether you are buying a beautiful villa for your family or adding a chic, city penthouse to your property portfolio, the financial commitment is significant and the emphasis on quality is paramount. Luxury property doesn’t just stand out from the crowd in terms of size, it is the opportunity it presents for a more refined quality of life; it is a statement about who you are and what you want from your future. When it comes to finding the right luxury property for you, there are several key factors to consider and to incorporate into your search. Given the history of our brand in luxury property expertise, we wanted to put together a list of top tips that you need whenever you are looking for that dream home.

Preparation is key

The first thing you should do before you start down the rabbit hole of listings and captivating images, is to make sure you have thought properly about what you are looking for. This doesn’t mean that you have to rigidly stick to a defined list, but identifying your priorities and putting them in order will help significantly in the long-run. For instance, you might have several things on that list that are ‘deal-breakers’ and can be shared as such with your real estate agent, but you also might have things that are more ‘nice to haves’ but not essential; knowing the difference can be useful when it comes to how many properties you might have to look at.

Enlist expert advice

In the same way you shouldn’t have to compromise on quality when it comes to your luxury property, you also shouldn’t have to when it comes to your real estate consultant. Make sure you are working with a reputable brand, with a history of high performance. You also need to make sure your real estate agent knows the areas you have selected well and has a strong enough network to know the ins and outs of the market, which properties are due to go on sale and exactly what steps will be included throughout your journey. You should feel confident that they have understood your needs fully and are consistently working on your behalf in order to find you the best home and the best deal.

Location, location, location

It might be a cliché, but it is a universal adage for a very good reason. Your dream home will include a certain type of lifestyle and that will be heavily impacted by the surroundings of the property. From the type of area in which is it situated, to the views it offers, the community demographics to nearby amenities and travel distances to key areas, it is essential that you consider all of these factors when evaluating your luxury property. If you have found a property you like, do try and talk to local residents to find out more about the area and what their feedback is, they will give you a valuable insight that you won’t find anywhere else.

Searching for the right luxury property to buy can seem like a daunting task, but with the right preparation, the right advice and the right checklist, you can find your dream home, anywhere in the world. If you would like to speak to one of our team about your next luxury property purchase, do get in touch via phone +974 4440 8334 or email, or visit our website here to get some inspiration!