Everything You Need to Know About Luxury Homes in Chicago
There’s an Sever-growing increase in the interest in luxury homes throughout the city of Chicago. Even with the often smaller plots and higher prices, residents of Chicago are still gravitating towards such luxurious properties as a result of their layouts, finishes, prime real estate location, unique design, and high-end amenities.
The most popular luxury homes are small and medium-sized boutique condos, the ones that are around 1,800 to 2,100 square feet and usually contain three to five bedrooms. Although their price per square foot is two or even three times more than the traditional condos around, they bring a sense of elegance and luxury that traditional homes fail to offer.
How Do You Define A Luxury Home?
Assuming you wanted to purchase a luxury home in Chicago, how would you go about differentiating it from traditional homes? Luxury condos usually differ from traditional ones in three different areas namely the design or layout, the finishing, and the amenities it contains.
Speaking of design, luxury homes tend to offer a different layout from the standard used by traditional condos and this appeals to a lot of Chicago buyers. They might integrate the living area with the balcony, have intermingled outdoor and indoor spaces, bottom-floor bedrooms with added privacy, or have unique corridors. Luxury homes tend to also come with a marginally higher square footage which is one of the reasons why their price tags are so high.
The finishes in Chicago luxury homes are also another feature that set them apart from the tradition condos in the areas. They utilize top-notch materials to deliver classic, simple and timeless finish that is sure to stand the test of time while also enhancing the aesthetic of the space. A lot of luxury properties make use of sustainable and/or innovative finishes that improve the branding and value of the property. This also helps to cut down on the environmental footprint and energy bills of the property’s residents.
The finishes in Chicago’s luxury condos also set them apart from traditional properties in the area. Timeless, classic and simple, they utilize top-notch materials that enhance the space’s aesthetic, while also standing the test of time. Many luxury condos also utilize innovative or sustainable finishes, which improve the property’s value and branding, as well as cut down on the resident’s energy bills and environmental footprint.
The major difference between traditional homes and luxury homes are the amenities they contain. This is what truly sets them apart for most buyers. Most units come with extra-large master bedrooms, balconies with exquisite view, smart home technology, and rain showers. The buildings that house these luxury condos also have major perks too. You’ll find things like rooftop pools, heated/indoor parking, wine rooms, fitness centers, and 24-hour security.
Who is the Target Market for Chicago Luxury Homes?
Luxury homes are popular with all kinds of buyers. They are particularly favored by those moving into a city after living in a suburban arrangement for a while. Because they are used to a lot of space and tend to have multiple vehicles, they prefer to buy luxury condos.
Couples also buy luxury – especially if it’s in a neighborhood with a great school – in the hopes of raising their kids there. Most luxury home buyers are usually looking for a more permanent living space.