Thomas Murphy - Pine Shores Real Estate



Posted by Thomas Murphy on 3/14/2021

Image by skeeze from Pixabay

When looking for a luxury home, you can look for the most expensive neighborhood in the United States, or you can choose a luxury neighborhood in the part of the country you want to live in. Before you move to a different state, be sure you'll like the part of the country you choose.

Luxury Home Price Variances

Depending on where you choose to live, the cost of luxury varies — and it varies widely. You’ll find luxurious neighborhoods in Rapid City, South Dakota for a median price of $242,200. The most expensive luxury neighborhood is in zip code 94027 — Atherton, California. This luxury neighborhood has a median home price of $7,313,400.

Other luxury neighborhoods include:

  • 96821 — Honolulu, Hawaii, with a median price of $1,370,900;

  • 85253 — Paradise Valley, Arizona, with a median price of $1,588,200;

  • 60610 — Chicago, Illinois, with a median price of $1,885,900;

  • 06830 — Greenwich, Connecticut, with a median price of $2,056,900;

  • 33921 — Palm Beach, Florida, with a median price of $4,394,000; and

  • 81611 — Aspen, Colorado, with a median price of $4,869,200.

  • You can live in a luxury neighborhood for less money if you choose a state with a lower luxury median price. You’ll find that the cost of living is also less in those states. However, make sure the area you choose has the amenities you want. If you are expecting to have theme parks, upscale shopping and other amenities, you might want to choose a larger city, even though the median luxury price is much higher.

    What to Look For in a Luxury Home

    In some cases, luxury costs under $300,000 – and in other cases, it’s not luxury until you hit several million dollars. Regardless of the median luxury home price, always check what prices homes sold for in the neighborhood and the quality of the materials used to build the home. Other items to check include:

  • Are the appliances upgraded?

  • Did the builder use high-quality fixtures, including faucets and toilets?

  • Are the cabinets real wood?

  • Is the flooring top quality tile, wood or some other covering?

  • Is the carpet high-quality or “builder’s quality?”

  • What kind of windows are in the house? Are they at least double-pane windows?

  • Is the trim in the house made of real wood, stone or some other quality material?

  • Is the yard well-maintained?

  • Does the house have large bedrooms and closets?

  • Does the house have extras, such as a pantry, bonus rooms or a pool?

  • When you check for comparables, don’t forget to allow for those extras. The home you are looking at might not have the same amenities as another home in the neighborhood that is going for the same price. This leaves things open for negotiations if not having something, such as a pool, is not a deal-breaker.




    Tags: neighborhood   luxury   Buyers  
    Categories: Uncategorized  


    Posted by Thomas Murphy on 8/26/2018

    ???Robert Frost's poem, Mending Wall, poses an interesting question about whether "good fences make good neighbors."

    On one hand, there are several advantages to having your property surrounded by a fence, especially if you or your neighbors have dogs or small children running around.

    If you happen to have a vegetable garden or fruit trees in your backyard, a well-constructed fence can also help keep out ravenous deer, rabbits, raccoons, skunks, foxes, and other wildlife.

    There's no doubt that fences can serve a variety of useful purposes, ranging from privacy and safety to wildlife control and home security. While it can be beneficial to mark off your property boundaries and keep your backyard private, a question to consider is whether a large fence -- especially a new one -- sends the wrong message to your neighbors.  Striking the perfect balance between privacy and friendly neighbor relations can be tricky at times, but there are compelling reasons to stay on good terms.

    1. Security reasons: If you take the time to chat with your neighbors every now and then, they'll have more of a tendency to keep an eye on your property when you're on vacation or just away for the day -- especially if you ask them.  People tend to be more helpful, observant, and protective of others with whom they share a bond or have a sense of community. In contrast to that, if they don't even know your name and haven't exchanged more than a few words with you in years, they'll be less inclined to pay attention to who's on your property and whether they belong there or not.
    2. Sharing resources: Keeping the lines of communication open with your neighbors is beneficial on many levels. When you have a friendly, ongoing relationship, you won't feel reluctant to ask them for help when your car battery's dead and you're running late for work. Trusted neighbors can also provide you with valuable information, such the names of dependable home improvement contractors or how to arrange a free pickup of household clutter that you want to donate to the Salvation Army.
    3. Quality of life: When you're regularly greeted by friendly neighbors, your neighborhood will feel like more of a welcoming and upbeat place to live. It may be necessary for you to set the example or make the first move, but once a friendly atmosphere has been created in a neighborhood, it's relatively easy to keep it going.

    So while you may not want your neighbors to get in the habit of stopping by your home to chew the fat, every day, it can be worth your while to greet them by name, offer help whenever possible, and be the kind of good neighbor you'd like them to be. Setting a positive example may be all that's needed to establish a cooperative relationship and possibly even a life-long friendship. And, if all else fails, keep in mind the words of Benjamin Franklin: "Love thy neighbor, but don't pull down your hedge!"