Tips for Buying or Building Your Luxury Home

Make your luxury dream home a reality in Park City, Utah.

Park City Luxury Real Estate If you’ve been to Park City, Utah, you know that Park City luxury real estate is one of the most glamorous aspects of this enchanting city. The stunning homes and spectacular views will take your breath away. When it comes to real estate in Park City, there’s not much that wouldn’t be qualified as exquisite and awe-inspiring. What exactly is luxury real estate? Park City property must have certain qualities to be labeled as luxurious.

First, it must be property that has an appraised value of over $1 million in the United States. Location is also an important factor because it largely defines the property’s value.

Luxury Real Estate must also have the following:○ Amenities (golf courses, swimming pools, gym facilities, sports recreation)

○ Views

○ Waterfronts

○ Absence of crime-rate

○ Home customizations

Luxury real estate Park City, Utah, offers must also have downtown districts and school districts that are in close proximity to the community or property. While luxury real estate for sale near Park City can be expensive, sales of luxury homes in the last year across the United States have been hitting records. It’s no wonder luxury homes near Park City are as attractive and appealing as ever.

Tips for Buying or Building Your Luxury Home. Buying or building luxury homes for sale Park City offers is exciting and a little nerve-racking. However, if you follow these tips, you won’t need to be nervous in the least bit:

1. Choose your luxury community.Pick the luxury community in or near Park City that appeals most to you. Find the one that you feel most comfortable at home in. Make sure it has the amenities and scenery you’re looking for. Then check your real estate options.

2. Obtain financing early on.The loan process for luxury homes takes longer because the mortgages are larger. It can take up to 60 days to approve a loan, so it’s best to get your financing approval early on in the process.

3. Purchase your estate homesite.Once you find the property or home you’re interested in buying, purchase it so that you can make plans to start building (if you choose to build your luxury home).

4. Find a qualified real estate agent or architect.A qualified real estate agent or architect who knows the luxury market and how to build luxury homes will be your best bet for finding properties or communities that are for sale. You want an agent that has the inside information about listings, and you want an architect that has years of experience building beautiful luxury homes.

5. Review your luxury community’s architectural guidelines.

If you’re building a home in your luxury community, make sure you know what the specific building guidelines for luxury homes are within that community. Every luxury community has architectural guidelines, so make sure you know what they are.

6. Obtain bids from a reputable builder. Getting bids from a reputable builder will help you get an estimate of how much the entire home-

building process is going to cost you. The bid estimate should cover all the things you want completed

so that you know exactly what to expect when it comes to the final price.

7. Obtain city permits. You must get a city permit before you start building your home. It’s required when building a new

home because it ensures your new home will be inspected during construction and after completion to

show compliance with national, regional, and local building codes.

8. Make sure it’s move in ready for you.

If you’re buying a luxury mountain home

instead of building one, make sure it’s

ready for you. High-end renovations that

are done well can take large amounts of

time and money. That’s why you want to

make sure these renovations are

completely done before you move in.

Don’t buy a time-consuming, fixer-upper

luxury home even if it may cost a little

less. The price you pay for a move-in

ready home is definitely worth it.

Contact Red Ledges to Become a Part of Our Luxury Community Today.

If you’re interested in purchasing Park City luxury real estate, call Red Ledges today. Red Ledges is a private luxury community that offers the best amenities and breathtaking views. It’s hard to find homes that are comparable to our homes for sale. Contact us today by calling (877) 733-5334 or by visiting www.redledges.com to learn why Red Ledges is Park City, Utah’s premier luxury private community.