What Makes a Million Dollar Home?

What Makes a Million Dollar Home?

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A home is an exceptional long-term investment. Whether you are building your dream home or have found the perfect home to renovate and make your own, the goal is to improve on your initial investment. There are lots of ways to increase the overall value of your home while making it a functional, beautiful, and  comfortable place for you and your family to live and enjoy. Let’s explore a few tips on how you can enhance your home’s value and make it a million-dollar home.

A Luxury Kitchen

Starting inside your home, investing in a luxurious and efficient kitchen is always a great place to start. Today’s kitchens are no longer tucked away places reserved for food preparation, but the heart of the home, a focal point, where families come together to prepare and enjoy meals, but also entertain family and friends. With a luxury kitchen as your home’s centerpiece, you immediately increase your homes’ value and thus your investment. What should you include in your million-dollar home kitchen? Well, an open and efficient layout is a must, with high-end appliances, as well as premium finishes and fixtures is the place to begin. Whether building new or remodeling, the kitchen budget should be a large portion of your project.

The Owner’s Suite

The Owner’s Suite, sometimes called the Master Suite, is equally important to create a million-dollar property. For creating the most value, the owner’s suite should be situated in a private area of the home if possible. For new builds this is more easily done, while in remodel projects it can present more of a challenge. The owner’s suite should include an expansive bedroom space, with walk-in closets, and a luxurious ensuite bathroom with spa accoutrements and premium finishes. If your budget allows, consider adding at least one guest’s suite as well with similar features to add even more value to your investment.

Home Entertainment

For million-dollar homes, entertaining space in an important part of the package. Homes designed with open floor plans make it easy for guests to mingle at your next gathering and fully enjoy one another’s company. Some homeowners like to include entertaining space as well as a home theatre for both family and friends to enjoy. Home entertainment spaces should be flexible enough to grow as your family grows and have the ability to adapt to changing entertainment styles. A home theater, when included, should feature comfy chairs, as well as adjustable lighting, and even a small kitchen for easy access to movie night or gameday snacks and beverages.

The Outdoor Living Space

Here in South Florida, outdoor living space is a must have for million-dollar homes, but it is also a key feature around the country, where these spaces can be customized to both climate and lifestyle as needed. You’ll want to include lush landscaping as well as a comfortable and functional space to relax or entertain family and friends. To provide the greatest enhancement to the value of home, be sure to include a fully equipped outdoor kitchen, as well as a pool, hot tub, or other water feature, as well as spacious areas where everyone can sit and relax.

Let Paterson Project Management Help Create Your Million Dollar Home

The award-winning team at Paterson Project Management brings more than 20 years of experience to help you build or renovate your home into the million-dollar property of your dreams. They are ready to provide premium quality new home construction or renovation with the latest timeless features, on point style trends, and expert knowledge of specialized local features for your South Florida million-dollar dream home.