Your Guide To Building A Luxury Home
Building a luxury home is an exciting time because you get to press play on the dream home that you’ve always wanted. It might seem overwhelming because you want it to be a place that you love, but Riken is here to help you through every step of the process.
The luxury home trend is on the rise as the past year has changed how individuals spend their time at work and home. According to Redfin, “U.S. luxury home sales surged 60.7% year over year during the three months ending Nov. 30, the biggest jump since at least 2013. That nearly quadrupled the growth seen during the three months ending Feb. 29, and also far outpaced the 14.8% increase in sales of mid-priced homes and the 6.8% uptick in sales of affordable homes.”
Another attributing factor to the rise in luxury builds is that many affluent homeowners are now working from home. Therefore, having a space that they can differentiate as an office has been essential in recent home builds.
According to Anne Miller, RE/MAX Vice President, “McMansions” are making a comeback. “In past years, clients were looking for convenience. They wanted walkable areas and communities built around outdoor spaces, dining, and downtowns. In 2020, we saw affluent clients going back to wanting more space. The more space they have, the more opportunity and flexibility to create the exact home they want.”
Nevertheless, the experience of building a luxury home can be enjoyable if you work with a reputable builder like Riken Construction.
First Step to Building a Luxury Home
The first step is to find a creditable builder. Riken has years of experience planning and executing custom luxury home construction. Riken’s mission is to provide the highest standards of excellence in home design, craftsmanship, and client satisfaction.
Riken excels at taking a vision or plan and putting it into action. We will assist you every step of the way and help design your custom, luxury home. We will make sure those areas that are important to you are constructed to exceed your expectations.
Location, Location, Location
Deciding the perfect location for your luxury home is just as important as planning out the build. Start by putting what matters to you most first. Whether that be having easy access to shopping centers or schools, or maybe being out in a secluded area is more what you’re looking for, deciding these things ahead of time will help with construction.
Another aspect to consider is the resale factor (if that should ever present itself.) Even though you’re building a custom forever home, you never know what could happen in the future.
Formulating a Budget
Coming up with a budget is almost as important as the construction of your luxury home. Yes – sticking to a budget during a luxury home build can be challenging. However, this will allow you to think through what’s important to you in the construction of your home.
Making a list of must-haves will prevent you from depleting your budget. What’s more, it will keep everyone on the same page.
Put Function at the Forefront
As mentioned above, homeowners are spending more time at home now more than ever. Make a plan to talk to your builder about what matters most to you.
It is essential to convey that message to your contractor, whether it be a space to work, a home gym, or a family area. This will, in turn, help you plan out your home details.
Another function aspect to consider is security. Now, more than ever, it’s easy to incorporate various security measures into your home using technology. Talking to your contractor about these options will ensure that you’re getting the most out of your luxury home.
Now, onto the fun part! One of the most talked-about aspects of planning a home is deciding what you want your master bedroom to look like, or maybe you’ve always dreamed about an open-concept kitchen. Now is the time to make those dreams come true.
Also, consider what your family enjoys doing together. Whether it be a swimming pool, a basketball court, or a movie room, thinking through these options is another way to get the most out of your home.
Luxury Home Floor Plan
Your lifestyle and personal style should also factor in deciding which area of the home will help meet your needs. Adding room that will enhance how you live in your luxury home will help you decide on a custom floor plan.
Take some of these rooms, for example:
- A large dining room
- A must-have if you love entertaining
- A well-planned pantry
- The perfect idea for larger families
- A sunroom
- Not only do these rooms allow you to enjoy the warmth from the sunshine, but it’s also a way to take in amazing views.
- A walk-in closet/dressing room
- A fantastic idea if your wardrobe is continually growing
- A game room
- A great hang-out space and another amazing opportunity for entertaining
- A home gym
- Health and wellness are at the forefront of many people’s minds, and having a home gym is a great way to stay fit at home.
All in all, Riken’s mission is to help breathe life into your vision. Contact us today to get started on your luxury home.