Month: March 2023

Arizona is a state that is renowned for its breathtaking scenery and vibrant culture. Arizona’s most sought-after luxury communities include Scottsdale, Paradise Valley, and Fountain Hills. These communities offer residents world-class golf courses, shopping, dining, and outdoor recreation opportunities.

The real estate market in Arizona has seen significant growth in recent years, and the luxury housing market is no exception. The average sale price of luxury homes in Arizona has been steadily increasing, and demand for these homes remains strong.

Arizona’s luxury housing market is predicted to grow despite economic concerns. The state’s warm climate, rich terrain, and strong economy will certainly draw more luxury homebuyers. Whether you’re looking for a full-time residence or a second home, Arizona offers a wide range of luxury housing options to suit your needs.

Here is our comprehensive guide to purchasing a luxury property in Arizona.

What Is a Luxury Home in Real Estate in Arizona?

In real estate, luxury homes in Arizona are typically defined as high-end properties with a high price tag and a long list of high-end features and amenities. However, there is no definition for a luxury home, as the definition can vary depending on local real estate markets and personal preferences.

However, some standard features of luxury homes in Arizona may include the following:

• Large living spaces with spacious rooms and high ceilings
• Gourmet kitchens with top-of-the-line appliances and finishes
• Master suites with spa-like bathrooms and walk-in closets
• Outdoor living spaces such as patios, pools, and gardens
• High-end finishes such as hardwood floors, crown molding, and custom lighting
• Energy-efficient systems and innovative home technology
• Privacy and seclusion, often on large lots in upscale neighborhoods

In Arizona, luxury homes typically start at a price point of $1 million or more. However, this is just a general guideline, and the actual definition of a luxury home can vary depending on the specific market and location.

1. Know Your Budget

The first step in the process of buying a luxury home is to know what you can afford. Next, determine your budget, considering your income, savings, and debt, and remember that owning a luxury home typically comes with additional expenses, such as property taxes, insurance, and maintenance costs.

2. Work With a Reputable Real Estate Agent

Working with a reputable real estate agent with experience and expertise in the luxury real estate market can make buying a luxury home much smoother. An agent will have access to a range of properties, including those not listed on the market, and can help you negotiate the best possible price.

3. Consider Your Lifestyle and Priorities

Before you search for a luxury home, take some time to reflect on your lifestyle and priorities. Consider factors such as the home’s proximity to local amenities, the type of property you are looking for, and the size of the house. This will help you find a perfect home for you and your family.

4. Research the Local Area

Before making a purchase, it is essential to research the local area where you are interested in buying a home. This includes learning about the local economy, schools, and transportation options, as well as the quality of life in the area.

5. Check the Condition of the Home

When viewing luxury homes, paying close attention to the property’s condition is essential. Look for signs of damage, wear, and tear, and any other issues that may affect the property’s value. If you have concerns about the condition of a property, consider hiring a home inspector to conduct a thorough inspection.

6. Negotiate the Price

Once you have found the luxury home you are interested in purchasing, it is time to negotiate the price. Work with your real estate agent to make a fair and reasonable offer, considering the current market conditions and the property’s value.

7. Get a Home Inspection

Getting a home inspection is a crucial step in buying a luxury home. A home inspector will assess the property’s condition, including its structure, systems, and appliances, and provide you with a report that will help you make an informed decision about your purchase.

8. Review the Closing Costs

Closing costs can add up quickly when buying a luxury home, so it is essential to review the costs associated with the purchase before you sign on the dotted line. This may include title insurance, closing fees, and property taxes, so factor these costs into your budget.

9. Consider the Long-Term Value of the Property

When buying a luxury home, it is important to consider its long-term value. This includes factors such as the location, the home’s condition, and the quality of the local schools and amenities. Considering these factors, you can help ensure that your luxury home retains its value over time.

10. Seek the Advice of a Financial Advisor

Before buying a luxury home in Paradise Valley or Scottsdale, Arizona, it is wise to seek the advice of a financial advisor. A financial advisor can help you determine your budget for a luxury home and guide you on the best financing options for your situation. They can also help you plan for the long-term costs of owning a luxury home, such as property taxes, insurance, and maintenance.

A financial advisor can help you make a better decision and avoid possible financial pitfalls. They can provide an objective perspective on your financial situation and help you understand the real cost of owning a luxury home. Working with a financial advisor ensures that you are making a smart investment and that you can enjoy your new luxury home for years to come.

Experience the Prestige of Owning a Piece of Luxury in Arizona

Unlock the door to your dream luxury home in Arizona today! With stunning views, world-class amenities, and a thriving real estate market, now is the time to invest in your future. But don’t wait; work with a local expert to find the perfect luxury home for you and start living the life you deserve.

Ready to find your dream luxury property in Arizona? Explore the available options by county here!

Homes in Arizona can cost over $450,000. Regardless of the rising housing costs, Scottsdale, Arizona is a great place to relocate to or purchase an investment property. However, not anybody understands what they need to about the best neighborhoods in Scottsdale.

We’ve put together a brief guide that outlines everything you should know before you purchase houses in Scottsdale. Let’s take a closer look.

Silverleaf Village

This high-end area of Scottsdale is one of the most luxurious neighborhoods in the city. It features extensive amenities and stunning mountain views, making it an ideal place for those looking for a high-end investment property or a luxurious new home.

As time goes on, it will become a much more attractive option to new homeowners. So, you can be sure that you will get a substantial return on your investment if you choose to sell your property later.

DC Ranch

Located near Silverleaf Village, this upscale community was designed to provide its residents with a similarly luxurious lifestyle. With its stunning golf courses, walking trails, and lush greenery, DC Ranch is a great place to purchase a property.

The choice between these two locations is a personal preference. DC Ranch, though, is a bit more rural for those who for this type of environment.

Echo Canyon

With breathtaking views of the nearby mountains, Echo Canyon offers spectacular scenery and plenty of outdoor activities for all ages.

There are also plenty of trails for hiking and mountain biking. Those who enjoy the outdoors should keep this in mind when making their decision. It’s also a great place to raise a family due to the number of activities available in the immediate area.

Desert Mountain

This large, gated community offers plenty of amenities for its residents. Desert Mountain is the perfect place if you’re looking for an upscale lifestyle with top-notch features due to its golf courses and tennis courts.

As the name suggests, it also offers amazing desert views that add plenty of beauty to the neighborhood.

Central Scottsdale

Central Scottsdale is perfect for those looking for a more urban lifestyle. This neighborhood offers residents the convenience of city life with easy access to the surrounding desert beauty.

There are also many shopping, dining, and entertainment options. For those who are looking to live in a busier, livelier area, this is a great choice.

McCormick Ranch

Great schools, shopping centers, and plenty of recreational activities make McCormick Ranch an ideal place to purchase a home or investment property.

Its stunning lake views are second to none.

This area is perfect for those looking for a suburban lifestyle without sacrificing the beauty of nature. For this reason, many people find it to be one of the most “balanced” neighborhoods in Scottsdale, AZ.

Arcadia

One of the most desirable neighborhoods in Scottsdale, Arcadia is known for its stunning homes and upscale lifestyle.

Arcadia is ideal for purchasing a beautiful home or investment property that has a high-quality surrounding environment. Of course, you can expect to pay a bit more in this neighborhood than you would in others.

The price is worth it, though — the luxury it offers is top-tier.

Paradise Valley

As the name suggests, Paradise Valley is an oasis of beauty.

More specifically, it offers its residents the best of both worlds: suburban living with easy access to downtown Scottsdale.

This allows people to enjoy the tranquility of living in the suburbs while providing the opportunity to get to a busy area of Scottsdale.

How Do I Find the Right Realtor For Me?

When searching for the right realtor to work with, look for someone who has experience in the area you are looking in and someone who specializes in the type of property you want to purchase.

Good realtors will be able to provide insight into different neighborhoods and help you choose a home that fits your lifestyle.

It is also important to find a realtor that you feel comfortable working with and can trust. Word of mouth is a great way to find a realtor, as well as online reviews.

When checking on feedback, there are certain criteria you need to consider. For instance, imagine if the realtor had a large number of negative reviews about the level of service they provide. Chances are that you will experience something similar if you chose to work with them.

In contrast, a realtor that has a large amount of positive feedback is generally somebody that you can trust. You should also keep an eye out for reviews that do not seem legitimate. These often sound more like advertisements or sales pitches than actual reviews.

The same can be said about reviews that are overly negative. Sometimes, someone will have a negative experience that is an isolated incident not indicative of the realtor’s professionalism. They might then leave a review out of spite.

With the right realtor on your side, you can make an informed decision about purchasing a house in Scottsdale. Take a look at their past feedback and ask questions to ensure you get the best advice and service.

Finding the Best Neighborhoods in Scottsdale Is Easier Than It Seems

At first, choosing the right best neighborhoods in Scottsdale can seem overwhelming. The above guidelines will help ensure that you avoid problems you may have otherwise dealt with.

Looking for more information on what we can do? Reach out to us today to see how we can help.

Reports show that the purchase of luxury homes went down 28% in 2022. Despite this dip, people are still on the hunt for the best luxury homes out there.

There will always be a demand for luxury homes in Scottsdale since they have so many features. If you want a home with character, this is the type of home to look for.

There are several key features that make luxury homes stand out. These are things that should be on your list that you absolutely must have when purchasing a home.

Keep reading to find out what features to look for in luxury homes in Scottsdale.

A Good View

One of the most important features of a luxury home is the view. Many luxury homes have earned this title because of where they’re located within the city.

Luxury homes are usually on a large piece of property, giving you plenty of landscape. The home may be on a hill where you are able to overlook other homes.

The view is going to depend entirely on where the home’s located. It also depends on the type of you you enjoy, some people enjoy looking at an expanse of trees in their backyard.

Others may prefer a bird’s eye view of the rest of the city. You should also have a good view from the front and the back of the home.

This is important since you will be spending time in both areas and you want a view that will impress.

Smart Home Technology

The majority of luxury homes include a key feature that you definitely want to have. This is smart home technology that enables your home to be more convenient and efficient.

A luxury home should be equipped with cutting-edge technology for the entire home. This usually includes things like controlled appliances, thermostats, and lighting.

You should be able to hook these things up to your phone and control them no matter where you are. This is very effective, especially for large luxury homes where efficiency is important.

This gives you the freedom to control how your home is functioning, even when you aren’t there. It also provides top-quality security from smoke detection to break-in detection.

You will be able to get notifications about these issues straight to your phone. It is important for luxury homes to have great security systems to prevent theft.

Outdoor Elements

Buying a luxury home in Scottsdale is a big investment, and you want it to pay off. One way to do this is to look for outdoor elements that fit your lifestyle.

The majority of luxury homes have a variety of outdoor elements that make them more valuable. The most common option that you will see is outdoor pools and saunas.

These are very common and allow you to enjoy a dip in the pool right in your backyard. Outdoor kitchen and dining areas are also very common so you can enjoy the summer months.

Outdoor fire pits and changing cabanas are also some things you may want to look for. You can always make changes and add elements after buying the home, but it’s easier to find these homes as is.

Privacy

Luxury homes are often designed to have privacy features for the entire property. This is important if you want to remain anonymous and avoid attracting a bunch of attention.

This adds value to the property and helps to create more security for your home. Most luxury homes are far away from other homes and are not located right on the street.

They often have different kinds of fencing that span the entire property. It may even have an automatic security fence that keeps intruders out.

Many homes also have a type of privacy screen from trees. This creates an eye-appealing landscape while still providing privacy for your home.

How much privacy you want is going to depend on where the home’s located. If the property is very large, you may not need as much privacy since your home is not in plain view.

High-End Kitchen

A very common luxury home feature that you will find is a high-end kitchen. You want the kitchen to have all of the modern features to make cooking and hosting meals easy.

Many luxury kitchens have warming drawers, wine fridges, and restaurant-quality appliances. Walk-in pantries are also very common for effective storage.

You may also want a kitchen that has a double fridge or one that is extra large. The kitchen should be much larger than the average kitchen with an island to keep the space efficient.

Walk-in Closets

One feature that you definitely need to look for is a walk-in closet. These are extra large closets that are pretty much a small bedroom within a normal bedroom.

They are much larger than the average closet, allowing you to use them as a changing room as well. The majority of the bedrooms in the home should have walk-in closets.

But it is especially important that this is a part of the master bedroom. If you are really going for fancy home features, you can look for homes that have dressing rooms as well.

Open Plan Bathrooms

A spa bathroom is part of the design of many luxury homes. This is an open planet bathroom that is much larger than the average bathroom with spa-like features.

Luxury homes in Scottsdale should have several bathrooms, many being of this design. They should include things like walk-in showers, bathtubs, and multiple sinks.

Some extra features include things like towel warmers, a Jacuzzi, and radiant heating floors. Many people specifically look for spa bathrooms that have a lot of marble features.

Specialty Rooms

Something that makes a high-end home stand out is specialty rooms. The average home has a few bedrooms, a kitchen, bathrooms, and a living room and that is all.

A luxury home should have more options, such as a game or theater room. These are also entertainment rooms that allow you to really elevate your home and create the perfect space.

This is ideal for families so that they can spend time together in their homes. Some homes even have indoor pools, sports bars, or indoor basketball courts.

If you do any work at home, a home office is also very important. Some people may also want an exercise room where they can keep all of their workout gear.

Open Floor Plan

One element that you will likely see and the majority of luxury homes is an open floor plan. The majority of high-end homes are large and open to create an expensive feeling atmosphere.

This modern type of plan highlights tall ceilings, grand foyers, and architectural designs. This also helps to highlight the expanse of windows that most luxury homes have.

This type of layout also creates more curb appeal. These homes look good from the inside and the outside, and this layout has many functional benefits too.

An open plan allows your family to interact more freely with each other. The house will not be boxed off like most homes, helping it to feel larger and more intentional.

This also allows you to invest in larger decor pieces like statues or fountains.

What Makes a Luxury Home?

Many people have heard of luxury homes but do not know what they are exactly. A luxury home is an individual property that is considered to have more unique features.

Most homes are considered to be luxury homes if they have a median threshold price of $912,500. They are also situated in prime locations with a more unique architectural design.

Some people consider buying a luxury home because they want the statement of it. Others may make this purchase because they want all of the features that are included.

Luxury homes are considered to be a great investment since you often get a lot for what you pay for. They also have a high resell value if the market is good.

Luxury Homes in Scottsdale

If you are looking for luxury homes in Scottsdale, you may not know what to look for. The term luxury home is quite vague since there is no definitive definition to describe what this is.

The good news is that most luxury homes can be identified by the high-end features they are designed with.

Do you want to buy a luxury home with all of these special features? Contact us today at Segovia Property Group for the best luxury home options in Scottsdale.