AFFORDABLE LUXURY HOMES
Is it possible to enjoy luxury real estate without the high price tag? At Benloch Ranch, we believe it is.
We’ve made it our mission to offer luxury alpine homes to more people without a huge price tag because we believe young professionals, families, and other homebuyers deserve to live in comfort and beauty and second home purchasers should have meaningful choices.
What Is a Low-Cost Luxury Home?
It sounds like a contradiction, but affordable luxury homes are possible. These homes are generally lower in price when compared with other luxury homes in the area, but this is relative.
Since every community and state is different, what is considered “reasonably priced” for premium homes in one area may be very different from the definition of affordability somewhere else. Like other homes in this category, reasonable luxury homes may have the same amenities or footprint of higher-priced homes.
What Are Some of Their Common Features?
Low-cost luxury homes are possible because of careful building and planning. In some cases, they are built outside of high-cost areas or in communities where the cost of land is less. In other situations, they may have more square footage but fewer amenities. Some luxury homes with a lower price tag have a smaller footprint or smaller yard. The common feature is that builders have found a way to offer exceptional value and an excellent lifestyle while saving on costs so they can pass these savings onto homebuyers.
What defines a luxury home is also changing. Many millennials who are entering the luxury real estate market are looking less for statement homes, according to research, and are instead placing greater emphasis on sustainability, high-tech features, and an exceptional lifestyle. They are moving away from some traditional high-end home areas like NYC for regions where they can live in comfort.
What Are the Benefits of Low-Cost Luxury Homes?
There’s the obvious one: you spend less on your home and mortgage, so you have more money to spend on travel, furniture, your lifestyle, or adventures. There are other benefits, too, including:
Low-cost luxury homes allow you to live comfortably within your budget.
Affordable luxury properties give you a great place to entertain.
Reasonably priced luxury homes can mean more affordable home insurance and lower related costs, too.
With these homes, you don’t have to put off comfortable and luxurious living until later in life, when you’ve set aside more money.
Luxury properties are a great way to invest part of the time by renting a home out.
Every homeowner has a different reason for shopping for luxury homes. You may want to enjoy the finer things in life while staying within your budget. You may spend considerable time at home and want to enjoy a pleasant environment that enhances your lifestyle. Affordable luxury homes make these options available to more than the very wealthy.
How Does Benloch Ranch Offer Low-Cost Luxury Homes?
When we created Benloch Ranch, we had a vision to create extraordinary spaces with true luxury, but we wanted to make sure that these properties were not reserved for only celebrities and the wealthy. Our community is based outside of Park City, Utah, a location that attracts high net worth individuals who build very expensive estates. Still, we were determined to build a different type of community. We’ve made our community more affordable in a few different ways:
We build outside of Park City, so while we’re 15 minutes from downtown, there is some separation.
Our designers have created thoughtful open space home plans which blend luxury amenities with affordable design, giving our home buyers the best of both worlds.
We created some of our home plans with a smaller footprint, which helps us build sustainable homes as well as homes in more affordable price brackets.
We build off-site, which allows us to reduce waste and control costs while also making our building process more sustainable and less disruptive to the community.
The exciting thing is that Benloch Ranch does not compromise on luxury. We are dedicated to building an exceptional lifestyle, which is why we have invested in amenities and features that are — quite frankly — often not even available in higher-priced communities. Community members at Benloch Ranch will have access to concierge services, shuttle service, shopping, over twenty miles of trails, a convention center, a spa, Fireside Village, a clubhouse, dining, archery, a skeet shooting range, storage, yurts, glamping, backcountry camping, sports rentals and lessons, a boutique fitness center, winter sports, a kids’ camp, a skating pond, and more.
What's Available at Benloch Ranch?
Benloch Ranch has many luxury home plans available, for prices that are lower than other nearby communities. For example, the Summit is a four-bedroom, four-bathroom luxury home with a base price tag starting at $1,029,000, or less than half of the median house price in Park City. The Alpine is a modern twist on classic A-frame mountain homes, with an open concept and an attractive base price of $1,149,000. You can also choose a custom design.
All the homes at Benloch Ranch are made with high-end finishes, beautiful open concept design, thoughtfully placed windows, and a seamless flow between indoor and outdoor spaces for entertaining and outdoor living. All are designed to offer amazing views and space for work, relaxation, and adventure.
The luxury real estate market is growing faster than ever before, with the number of luxury homes sold rising by 244.5% between May 2020 and May 2021 alone. If, like many buyers, you are interested in creating true luxury, not just in terms of the size of your home but also the lifestyle you can live there, browse the options at Benloch Ranch or contact us to find out how we could be part of your future homeownership plans.
