Condos for sale in toronto under 250k . Parking luxury cars and putting designer handbags. A mansion may just be an ordinary house. House prices in the Toronto area have more than doubled in the last 10 years, and a “luxury house” with a price tag of one million may just be an ordinary house. Some people in the real estate industry pointed out that as prospective buyers still have certain “luxury” expectations and requirements for homes sold for more than one million yuan, it has become more and more important for owners to add some luxury decorations to their houses for sale.
According to Statistics Canada, the average house price in most areas has reached 806000 yuan. Some real estate experts say that sellers’ luxurious furnishings and designs for their houses do help to convince buyers that the high prices they pay are “good value for money”.
The so-called “luxury layout” includes parking famous cars such as BMW or Porsche in the driveway of the house, or filling the house with flowers.
John Pasalis, president of real estate agency Realosophy, said that although there are many undecorated houses with good value on the market, if sellers are willing to add a “sense of luxury” to the house, it will still help attract more buyers because people are always trying to find their dream home.
In some pictures of houses sold on the house search network, the seller specially put brand-name handbags in the wardrobe to create a “sense of luxury”.
Nancy Worth, an assistant professor at the University of Waterloo (University of Waterloo), specializes in how young people buy houses. She points out that when buyers think of a house worth more than one million yuan, they always think that it should be a “luxury house”, but in fact, in the city center, a house selling for one million yuan may be very ordinary, because the land price in the area is very high. therefore, the seller has to find a way to convince the buyer that the house is indeed a “luxury house”.
However, Shea Warrington, a real estate agent, believes sellers should strike the right balance between luxury decor and “affordability” so that prospective buyers do not find it unaffordable.
Warrington says she once bought a house at a low price and renovated it with lighting and high-end furniture. She also pointed out that owners sometimes overlook the fact that emotion and perception are often important factors when property buyers make purchase decisions.
