November 21, 2022
Effective property management is compulsory for any property, particularly for luxury homes. When it is done properly, it maintains a great market value for the property, which definitely increases over time. These pro tips will guide you to maintain your luxury home without breaking the bank.
Owning a luxury home comes with certain responsibilities. Maintaining the property in pristine condition is essential to preserving its value. This means regularly scheduled professional cleaning, repairs, and landscaping.
It may seem like a lot of work, but the rewards are worth it. A luxury home is a valuable asset that can provide years of enjoyment for its owners. Plus, it’s a great way to impress guests and show off your success!
I know it is exaggerating to even mention cleaning, but trust me, if you do this one job perfectly, consider that 40% of the job is done. Regular dusting, mopping, vacuuming, and decluttering can keep your luxury home tidy and well put.
You can put steam cleaning the carpets and dusting the whole house on the monthly tasks list. The same goes with the outdoors- lawn, patio, swimming pool, and driveway. Make a cleaning schedule for each family member to help you out.
But not just basic house cleaning and organizing would do it, but your property needs several occasional deep cleaning throughout the year.
To maintain a luxury home properly, you should at least deep clean it 2 to 3 times a year, preferably beginning at every changing season. And this will ensure your house is a sparking luxury. Also, you can uphold the monetary value of the house this way.
Improving is part of the maintenance. Improve the landscaping and give your luxury house garden a new look by planting seasonal flowers. Only an exterior makeover can change the whole outlook of your home.
You can also add an artificial fountain or a small pond with some beautiful Japanese koi fish- just giving you some ideas.
Often luxury homes come with a backyard garden and sometimes an orchard. If you don’t want it to become shrubby and ruin the aesthetic outer look of your house, take good care of this part of the house as well. That will pay off the price you paid for your dream home.
Luxury homes feature the latest technology and high-quality fittings indoors and outdoors, which require regular supervision and fixing whenever any damage appears. Neglecting the case often leads to more damage costing you lots of money.
Generally, the average yearly maintenance cost of a luxury home is about 5% of the property price. But prompt fixing and solving the small repair problems right away when they appear can reduce the monthly cost to $5000 only and save you the worry and the money.
Maintain the HVAC system regularly in your home and keep it in good working condition to ensure comfort and safety. Small repairs do not take much time or effort but can add great value to your home. Putting it off might also cause a safety hazard. Repaint the commonly used areas of your luxury home to maintain a fresh new look. And make small changes when you want to refurnish.
Maintaining a lavish home is costly. One effective way to save your money is when you purchase from occasional sales. Whether you want to refurnish or renovate, you need a big budget, and big sales can solve the issue. Look for discounts, year-end sales, deals, and anniversary sales, where you can get the right thing at a lower price.
Apart from that, luxury homeowners like to decorate their homes with antiques and art pieces. Big brands and antique shops offer their regular customers great deals. Make a listing of your required items and take any opportunity you have to keep the budget tight.
Suppose you are not available to maintain the Lavish home by yourself; hire a professional cleaning service. The professionals know very well how to take care of a particular material or fittings. When choosing a cleaning company, make sure they are renowned in the business.
Skilled and experienced home cleaning professionals can take care of your home when you are busy. The best part of hiring professionals is you can customize the plan according to your needs.
To recap: Maintain the regular cleaning rituals in your home, retain the outer look, make small changes at a time, go for discounts and sales when refurbishing, and do timely repair and maintenance.
Luxury homes are often more expensive to maintain than non-luxury homes. This is because luxury homes usually have more square footage, therefore requiring more resources to clean and maintain.
In addition, luxury homes often have high-end finishes and features that require special care and attention. For example, hardwood floors may need to be refinished every few years, and custom cabinets may need to be re-stained or replaced if they become damaged. While the initial cost of a luxury home may be higher than a non-luxury home, the long-term costs of ownership can be similar or even lower.
For example, in Boise, ID if you own a 3,000 square foot home that is 10 years old, you can expect to pay about $1,500 per year in maintenance costs. This includes painting, repairs, and landscaping. If you were to buy a million dollar home that is also 3,000 square feet, you would likely pay closer to $3,000 per year in maintenance costs.
On average, luxury home owners spend 1-2% of their home’s value on maintenance and upkeep each year. This can include things like painting, repairs, landscaping, and swimming pool maintenance. And if you have a historic or one-of-a-kind property, those costs can be even higher.
But it’s not just the monetary costs that you have to consider – it’s also the time commitment. Luxury homes require more time and effort to maintain than a typical home.
We know it is a huge task to properly maintain your lavish home and keep it in its original condition. You can hire a property manager if needed. They can handle it professionally. If you properly maintain the luxury home, you can even earn a good profit from the future flip.
Stay up to date on the latest real estate trends.
January 27, 2023
January 23, 2023
January 9, 2023
December 19, 2022
December 8, 2022
November 28, 2022
November 21, 2022
How to Maintain Luxury Homes: Complete Guide for Homeowners
Alexander Narodny | November 8, 2022
October 11, 2022
By, Lisa Roberts Moving can be a demanding and stressful process. This process involves much time, effort, and money to succeed. It also requires you to prepare yourse…
You’ve got questions and we can’t wait to answer them.