Although it’s a seller’s market in Orange County, California and around the country, the luxury home market is a bit more competitive. If you are getting ready to list your luxury home, you are likely wondering what luxury home sellers do to get the highest price per square foot. Some people compare their homes to the homes listed by friends or neighbors. For example, you might have a friend in the Laguna Beach with a 1,200 square feet beach villa going for $1 million or more than $800 per square foot. Having a home within walking distance to the beach or in another highly sought after location increases the price per square foot. But you can’t do anything about your Orange County luxury home’s location. With the help of an experienced Realtor, you can make last-minute improvements to your home to list as part of the hot summer real estate season. According to an article by azcentral.com, bigger isn’t necessarily better in today’s luxury home market. Upgrades, high-tech feature and energy-efficiency matter as well as designer and custom details.
- Adding privacy with landscaping
Homes in secluded areas command more money. If you have a home that’s on a golf course, remedy the situation by adding a privacy fence that’s allowed by the home owner’s association or landscaping. A beautiful flowering shrub or hedge provides a privacy screen as well as a lovely view.
- Making the most of the outdoors
In addition to the view and privacy factor, the outdoors gives buyers extra living spaces, especially for entertaining. If your home has a courtyard, outdoor kitchen or pool, make sure everything is sparking, clean and fully operational. If your backyard is fairly barren, consider adding a pergola or small water feature with a flower bed.
- Creating a kitchen worth bragging over
Experts say a kitchen becomes the bragging point of a luxury home. If you have good quality kitchen cabinets that just don’t look like high-end cabinets, an easy fix is to add decorative moulding to the top or have them stained and updated with new hardware. Buyers expect commercial grade appliances in luxury homes as well as high-tech features and higher end materials such as marble for countertops and solid hardwood or high-end tile.
Unfortunately, what made a home a high-end, luxury home 20 or 30 years ago isn’t the same today. Experts recommend replacing any outdated windows and appliances that aren’t energy-efficient. Some ways to make your home stand out in the competition include creating designer walls in the living area and customizing rooms so they would work as a yoga room, an office or for storing wine. A guest house on your property appeals to people who want extra space for adult children or aging parents.
If you want to sell your luxury home in Orange County, talk to us at The Feldman Group Real Estate. We help luxury home sellers in Newport Beach, Newport Coast, Dana Point, San Clemente, Mission Viejo, Coto De Caza, Corona del Mar, Laguna Beach, Laguna Niguel, San Juan Capistrano and Nellie Gail Ranch. For more tips on updating your luxury home, please contact us.