Modern and classic luxury home designs have their special characteristics making each elegant in their way. Classic designs offer a rustic look or even an elegant wooden finish. But modern designs tread along the sleek and simple path. For Luxury Homes, Interior Design tends to work more with less. The answer to modern luxury lies in colour symmetry, simplicity, and minimalist features in terms of furniture and decoration. The modern look transforms the overall mood within the house and emits a feeling of ‘smart living’ among the inhabitants.
As any top interior designer in Hyderabad would say, the best way to keep a modern luxury house charming is to limit the crowding of furniture. A sophisticated look would depend upon the materials you use to spruce up your interiors. Always make sure you trust in a brand that is not only reputed but is recognized to provide the best quality of materials and services. Decorative accessories can make your interiors come alive and turn your home into a modern work of art. All that matters is, making sure your designs spell ‘luxury’ in the eyes of your guests and yourself.
Many high-end properties are shifting to the more modern interior design approach because it suits the automation era and the look. It brings a modern approach to Luxury Homes Interior Design Design elegance and innovation and provides more space for customization of the house according to the resident.
While designing the interiors, it is important to pay close attention to detail. For example, it could be a glass wall or textural paintwork between a consistent colour on the walls. Residential interior designers in Hyderabad have a lot to consider while turning the interiors of a home into a luxurious den for clients.
Antiques can bring out the room’s beauty where the focus on the item is given prime importance. This sets a theme in the room while adding a glamorous appearance to the entire space. Lighting also plays a very important part in interior design. Shadows around an object can set a very modernistic ambience for the residents, which enhances the look of the object and the room collectively. All these aspects are just the basics before heading to furniture, colours, and placement of objects for decoration within the home.
Adding more green to the house can always lighten the mood because plants are always an addition to the house’s beauty. In addition, a designer vase to match the room can boost the look of the entire surrounding and complement other objects depending upon the theme of colours.
Ways to Make Your Home Look Elegant on a Budget
Having a high-end looking home can be difficult, especially if you have a tight decorating budget. Fortunately, there are ways – even on a budget – that you can get the high-end look you dream of. Interior designers have shared a few secrets over the years that have given homeowners some insight on how they can make their home look elegant without breaking the bank. These are simple solutions you need to know about, from adding pillows and a fresh coat of paint to window treatments and hardwood floors. Here, you will discover 10 of the simplest and least expensive ways to make your home look elegant. So take the time to keep reading – you just might be surprised at these simple tricks to fooling your guests into thinking you live a high-end life.
Crown Molding – Details Matter
It’s all in the details. When it comes to decorating your home to look high-end and custom-made, details are key. In this instance, the detail is crown moulding. Crown moulding has a way of making a room look complete or finished; it brings the ceiling and the walls together, giving them an elegant appearance. Without this finishing touch, rooms tend to look cheap or unfinished. Fortunately, crown moulding is relatively inexpensive (especially the plastic, paintable versions), making it affordable on almost any budget. There are many widths to choose from, but choose the widest trim that your budget will allow if you want a greater impact. For the ultimate in glamour, try adding all types of moulding to your home, i.e. crown, high baseboard, ceiling beams, columns, ceiling medallions, chair rails etc.
Paint – Color Matters
Paint colour is perhaps one of the most difficult decisions to make when decorating a room, especially when the remaining décor will be based on the colour palette. However, if elegance is what you are after, certain colours add instant glamour to your home. Choose one of these two colour options—bold and dramatic OR soft, understated hues. These hues allow you to add instant elegance to your home. It simply depends on your colour personality in terms of which option you choose. Painting interior doors black is another great idea. It automatically creates an expensive feeling without causing much damage to your wallet. However, if you choose this option, be sure to add some black accessories to the space to tie the overall design together.
Pillows – Comfort & Elegance
Pillows throughout your home serve two purposes. One, if they are chosen correctly, they can really punch up the elegance factor. Two, they provide your guests with a little extra comfort on the couch and offer a cozy, layered feeling to your rooms. The comfort aspect speaks for itself if you choose pillows that are large enough to rest on and soft. Speaking of size, you want to avoid the standard 12 to 18 inches for a throw pillow. Instead, choose something larger, such as a 22-inch pillow cover stuffed with 24-inch inserts. Large, overstuffed pillows create a very plush, elegant appearance—and don’t skimp on the pillow inserts, down-filled is the only way to go.
Window Treatments – A Must-Have Accessory
It’s simple—a home without window treatments will look unfinished and cheap. Fortunately, window treatments are one of the most budget-friendly ways to add some elegance to your home, as well as much-needed privacy. When selecting window treatments, you want to make smart choices. For instance, choosing unlined flimsy materials look terribly cheap, even if they are the least expensive option. In addition, it is recommended that you avoid see-through materials. This does not mean that you can’t buy off-the-rack curtains. Many chain stores offer lined draperies that appear elegant and expensive —even though the price is right. When it comes to window treatments, stick with elegant materials such as natural silk, linen, and cotton (polyester or man-made fabrics usually look cheap). If draperies are not for you, then try woven bamboo shades or wood blinds. Just be sure to dress your windows—they ensure your home looks elegant and well-designed.
Hardware Finishes – Opt for Unique
You can indeed walk into a home improvement store and be faced with an entire wall of drawer pulls and knobs. However, that is the exact moment that you should turn and walk out the door. These bulk hardware pieces are inexpensive, but they are also poor quality and cheap-looking. For a few more dollars – although not enough to break the bank – you can get elegant, more expensive-looking pieces elsewhere. Smaller hardware stores, flea markets, and antique shops are the best places to look. You can find heavy-duty, expensive-looking drawer knobs and pulls at a much more affordable price, giving your home the elegant and unique look you desire.
Lighting Makes a Difference
Most contractors will choose standard lighting fixtures, which are probably the same they have used repeatedly in all the homes they have built. However, designer light fixtures will add more elegance to your home than the traditional chandelier. Fortunately, you can use a few tricks to get a high-end look without the high-end price. Start by looking at flea markets and secondhand stores. You will get a unique piece at a budget-friendly price. Or try this bloggers trick of adding a drum shade around an old chandelier to get the custom look everyone is craving right now. Some pieces may require a little buffing or a new paint job but can look like a million dollars for just a few bucks. In addition, be sure to have several different light sources, including table lamps and floor lamps, throughout the home to increase the elegant feeling.
Hardwood is Preferred Over Carpet
It is true that wall-to-wall carpeting in a home is warm and soft, but it does not equal the same elegance factor as solid, gleaming hardwood floors. Hardwood provides a classic, elegant appearance and can be found at an affordable price. Purchasing hardwood for your home will be an investment, but it is a wise one. Hardwood lasts a long time and provides a nice return on investment, especially if you ever resell your home. Laminate is another option, but be sure to buy the best laminate on the market to ensure lasting quality. If it is a choice between laminate or plush carpeting, we say choose the plush carpet. To get the most for your money, you will want to look at different types of wood, as some are more expensive than others. For example, birch and oak are usually less expensive than cherry. Also, consider choosing a dark colour for a more luxurious appearance, but be sure to add a few area rugs to tie the room’s overall design together from floor to ceiling.
Accessorize Your Home
Most average homes lack the necessary accessories to really bring that elegant touch to the space. While many may use the excuse that accessorizing would over-extend their budget, the exact opposite is true. There are many affordable ways to accessorize your home while staying within your budget, especially if you think gold. Gold is associated with wealth and riches and can instantly create an elegant feeling, as long as there is not too much gold in one space. Accessorize with gold picture frames, gold mirrors, or one of the new, modern gold-legged tables appearing in designer showrooms.
Furniture Can Be Affordable
While many people feel that investing in expensive couches is not within their budget, buying cheaper furniture could cost you more in the end. They tend to look cheap and be put together poorly, which means they fall apart quicker. If you want to have an elegant piece of furniture in your home, check out secondhand stores, estate sales, and consignment shops for quality pieces at a more affordable price. In addition, you may want to have the furniture reupholstered to match your décor. The furniture savings still allow you room in the budget to get the items reupholstered, giving you a high-end designer look at a fraction of the cost.
Housekeeping— A Clean, Uncluttered Home is a Must
Surprisingly, one of the most affordable ways to make your home look elegant on a budget is actually free. All you need to do is clean and declutter your home. First, weekly dusting and vacuuming can actually make your home feel high-end. Secondly, cleaning allows you to quickly take care of stains and spots on area rugs, keeping them from being damaged and shabby-looking. The same is true for your furniture. Clean your windows, too—it allows natural light to readily fill the room, making it appear bright and welcoming. Lastly, regular cleaning allows you to avoid clutter in your home. Not only do you feel better about your home, but it allows the other elements – pillows, accessories, paint, lighting, and flooring – to really stand out.
As you have discovered, there are several ways you can make your home look elegant on a budget. Choosing the right paint colours, avoiding cheap, poor quality items, and shopping wisely is the best tricks interior designers use to create high-end designs. Take the time to create a budget for each section of your home, thinking about the savings you can find by shopping at smaller stores, such as secondhand shops, consignment shops, and even flea markets. You may be surprised at what you will find and how easy it is for you to create an elegant looking feeling home even on a tight budget.
How Should I Price My Luxury Home For Sale?
Real estate pricing is one of those areas where it is not an exact science whereby a homeowner can point to certain aspects that a home has and then, on that basis, determine an accurate price. For instance, a luxury home that has five bedrooms with each bedroom having its bathroom, a four-car garage, two kitchens, a pool, sauna and more could very well be priced lower than a three-bedroom, two full bathroom home that is located in a downtown area of a large urban city. On the other hand, due to space limitations and location exclusivity, a smaller living space in New York could very well be priced higher than a larger, more spacious home in Cincinnati, Ohio. Therefore, location is critical in pricing a luxury home as well as the features and amenities of the luxury home. This article explores some different pricing strategies luxury homeowners may face when listing their homes for sale.
Overpricing A Luxury Home As A Strategy
Some homeowners and real estate agents believe that by overpricing their home for sale, they are leaving themselves room to negotiate down towards the asking price. This rarely is the case, and often, by overpricing a home, homeowners are preventing buyers who can afford the home from discovering it and coming to visit. Homebuyers search for home prices based on a number of criteria. The primary criteria for homebuyers are location, price, bedroom and bathroom count, usually in that order. If location is not as big of a concern, then the price is still always one of the top search criteria for homebuyers.
A majority of luxury home buyers are looking to purchase a home with the use of a mortgage. Mortgage lenders generally give a pre-approval amount that represents the maximum amount a homebuyer can borrow to purchase a home. However, depending on how much the homebuyer plans on putting down, they do have some flexibility to buy a home for a little bit more than their maximum pre-approved amount. What that means is homebuyers are searching for homes on the internet based on a maximum price and are rarely seeing homes outside of that price range. As a result, if a luxury home’s true market value is $900,000.00 yet the homeowner decides to price at $1,000,000.00 in order to have some room to negotiate down a buyer who is only searching for homes at $910,000.00 and below will never come woman surprised at overpriced luxury homes across that home due to it being priced higher than where it should be.
A buyer approved for a $900,000.00 mortgage is rarely if ever, going to search for $1,000,000.00 plus homes since it is a waste of time due to it being outside of their budget range. They may be curious about an occasional home at the $1,000,000 plus range but will not want to see very many as it will not be very productive. Home sellers who overprice their home are hoping for two things 1) that someone who can afford their home will discover it and 2) that the same buyer will make an offer that leaves room for negotiation. Most luxury homebuyers are financially savvy and are not looking to engage in long and hard negotiations over price. Instead, luxury homebuyers will shop within their budget and purchase the house that offers the most value for them.
Underpricing A Luxury Home As A Strategy
Depending on whether a real estate market is predominantly a Seller’s Market whereby there are not enough homes to go around to the buyers who want them or a Buyer’s Market where there are more homes for sale than actual buyers, this strategy may or may not be advisable. Underpricing a home as a selling strategy works best in a Seller’s Market and may not work as well or not work at all in a Buyer’s Market.
With this strategy, the homeowner intentionally sets the home price below market value in order to generate a buyer frenzy of interest and multiple offers as a result. In a multiple offer situation, the homeowner can take the best offer already on the table, or they can let all the buyers making an offer know there is a multiple offer situation, and each party should make their best and final offer within a certain timeframe. In a multiple offer situation, it is hoped that after asking for the best and final offers, the buyers will come up in their offer pricing to the home’s true market value. Of course, sometimes, after a request for the best and final offer, some buyers may stick with their original offer, and some may choose to walk away. There is no accurate way to predict how buyers will respond to the best and final offer request.
As noted above, the underpricing strategy works in a Seller’s Market. However, in a Buyer’s Market, underpricing may result in only one offer at the below market price with no other offers to push the final price upwards and, as a result, is not recommended for Buyer’s Markets. In general, with luxury homes, the underpricing strategy is often not recommended because fewer people are able to afford the higher prices these homes command. However, suppose a luxury homeowner does want to try this strategy. In that case, it is best to work with an expert and knowledgeable luxury Realtor who knows the local market well in order to get the best guidance and suggestion on whether this strategy would work for a particular luxury home.
Proper Luxury Home Pricing
The best way to price a luxury home is to price it at its true market value, and that is done by looking at recent sales of similar homes in a similar location for comparative market analysis. In order to arrive at a price for a luxury home, most real estate agents will need to look at the home and evaluate it for condition, amenities, features and more and then will use that information to find similar homes that are for sale or have recently sold. Generally, for the average priced home, real estate agents look back no further than six months. In luxury homes, the agent may have to go farther back or look at different locations to obtain accurate pricing. This is mainly due to the fact that with fewer buyers for luxury homes, there may be fewer luxury home sales to compare within any given area. sold luxury home
As luxury homes tend to be more unique than other homes, homeowners need to be flexible with their pricing based on the feedback received during showings or because no showings are scheduled. Most luxury homebuyers know the value of homes and know the values of homes in particular neighbourhoods. Therefore if a particular luxury home is not getting any visits from buyers during a 30-60 day time period, this could indicate that the price needs reducing to attract more buyers. As homes go up higher in price, the time frame needed for periods of no scheduled showing activity also increases since fewer buyers are looking for a home in that price range. The time frame between showings also depends on the location, as in an area where other homes at the same price are getting showings more frequently. The home without the showings has some condition or pricing issues that need to be addressed to attract more buyers.