If you’ve ever perused real estate listings and seen an advertisement for a “luxury home,” you might have assumed that it must be something special. But what, exactly, constitutes a luxury residence? Is it influenced by the cost, the area, the square footage, or some special mix of all of these factors? To begin with, “luxury” doesn’t always refer to how much money you spend on a purchase. It’s much more arbitrary and subject to change depending on what high-end buyers in a given area have learned to anticipate. While it can be challenging to pinpoint a precise definition that captures this air of wealth, luxury homes frequently share a few characteristics. Consequently, here are some general characteristics you can anticipate finding in a luxury home, whether you’re looking to buy a posh place or wondering if you can describe your current digs in such opulent terms. A “luxury” price obviously varies depending on where you live. A million-dollar home in Studio City, California might not be acceptable, but a home with a similar price in Hemet, California, just two hours away, would be among the most expensive and opulent homes in the area. Luxury homes are the ones with the most sought-after locations, whether they’re atop a mountain, directly on the beach, or looking out over the glittering city lights far below, regardless of the city, state, or country. However, these fields are always growing and changing: An ordinary neighborhood can become a hotspot that draws high-end buyers with the addition of a new strip of hip bars and eateries. The building’s construction materials, finishes, appliances, and design must all be superior to what is regarded as the norm. Luxury homes now frequently feature marble, hardwood, Venetian plaster, crystal, and Miele appliances.