A luxury home is much more than just a property that costs $1 million or more. The $1 million only represents the fact that the place has much more to offer than a regular home. There is something special about the property and every home will have its own features that make it stand out from the rest.
In some cases it can be the location. If you have a home that is situated beside a lake, the value of the home will skyrocket due to the view offered and the luxury of being able to boat or swim. If you have a Calgary home with a view of the mountains, this can also raise the price of the property.
Many luxury properties consist of large homes with large sprawling lots. Sometimes just the sheer size of the home can make it qualify as a luxury dwelling
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