What is Classified as “Luxury Property”?

There are certain areas in which luxury homes are of considerable importance, or in this case, the luxury apartment and condominium buildings located near and around Boston. These fairly new developments have contrasted the “historical Boston” many people reside with. Yet, these new buildings create plenty of new homes for those around the city. The underlying question remains: what requirements does a property need to be classified as luxury? Continue reading this blog post to discover what it entails.

The Requirements.

To be considered as a luxurious building, the property itself must include several of the following:

Located in a Wealthy Area.

The property’s location must reside in an area with a designated high average level of income. In neighborhoods near and around Boston, this includes the Seaport district, Newton, Wellesley, and more. In addition to the area itself, features such as ocean views and skyline sunsets can increase the luxury factor of your home.

Built With Stellar Materials.

Another critical factor in classifying “luxurious” is that the property is built with high-quality materials. Not only are these materials that are expensive and hard to obtain, but the exterior of the home and its finish must be in perfect condition.

Distinctive & Featured Amenities.

The exclusivity of a property can be determined by a distinctive and featured item or amenity. These can be found in both apartments and homes, including features like a pool, private gym, movie theater, and more. 

High Level of Privacy.

Last but certainly not least, providing a high level of privacy is one of the top characteristics for determining how luxurious your property is. Being in an area where you are secluded from traffic or have an entire floor of an apartment complex to yourself increases the luxury factor of your home. 

Contact Us Today

If you’re looking for luxurious properties near and around Boston, Blackstone Williams has the featured listings for you. You can view some of these properties on our website, or you can give us a call at 617-421-4400 to learn more. We look forward to assisting you in finding the perfect luxurious property.