By: Alison North, The Avenue Group: Realtor and Team Lead

 

Whether you're new to the luxury market or purchased luxury homes in the past there’s one thing that may surprise you about luxury homes in Springfield, Ohio: they’re affordable! Centrally located between Dayton and Columbus, and with proximity to Wright-Patterson Air Force Base, Springfield has a lot to offer in terms of reasonably-priced real estate. Simply put, you get more “bang for your buck.”

 

If you’re considering buying a luxury home in Springfield, Ohio, here are a few things to consider:

 

  1. Location: Springfield boasts several luxury neighborhoods with something for every buyer. Because “luxury” is not a one-size fits all” description, it’s important to determine your values regarding location. For some, that may be a luxury home close to amenities, shopping, fine dining, private schools, and country clubs. For others, luxury means a little extra land with some space to stretch out; privacy, bigger garages with room for toys, a pool, or other water features. 

  2. Learn the search process: Many luxury homes are not listed in the MLS. Luxury sellers often desire privacy and confidentiality and their properties are often not found on the major search sites, but rather through a realtor’s connections. 

  3. Look beyond the photos: Many luxury homes are not the most photogenic. It can be difficult to ascertain the size of the home by the front elevation picture alone. If possible, have your agent schedule a private showing or a virtual tour.

  4. Work with a local expert: If you are searching for homes on typical home sites, never click “contact agent.” You’ll immediately be redirected to a third-party verification system that will match you with an agent who pays for your lead. More often than not, these agents are not local to the Springfield area and thus, are not familiar with local neighborhoods or market trends. 

  5. Consider the future: unfortunately, we can’t predict the future, but you can ask some clarifying questions such as, what is the general timeframe you plan to stay in the house? Purchasing a 5 or 7-year home might have different requirements than purchasing a “forever” home of 20+ years. The school district may or may not be a factor. Health concerns or physical limitations may also be a future concern. 

  6. Consider maintenance and upkeep: Though this is something to consider with every home purchase, it is essential with luxury homes, both inside and outside the home. The larger the home, the greater the cost to heat and cool the home. Mechanical efficiency is vital. Consider the age of the HVAC, as well as the roof, as these replacements can be expensive. Landscaping may be another expense to consider. 

  7. Financing vs Cash: When financing, it’s beneficial to work with a bank you already have a history with. Your loan officer will issue a pre-qualification letter to present along with your offer. Paying cash? Be prepared to offer a Proof of Funds letter along with your offer to the seller. 

  8. Hire a smart and reliable realtor who values communication and organization: Purchasing a luxury home is a major transaction. You want to be positive your agent has your best interest in mind and will make sure you’re taken care of. 

  9. Hire a home inspector: every home has defects, but there are typically some defects you can’t see for yourself. Your home inspector will perform a detailed inspection of the home, including any outbuildings. He will provide you and your agent with a detailed report of his findings. Recommended repairs can be negotiated with the seller. 

  10. Perform a title search: The title company will search back 42 years to make sure there are no rightful heirs to the property. They will also search for any unpaid taxes and liens. You will be able to purchase title insurance, which is highly recommended. 

 


Whatever your wishes and desires are for your luxury home, The Avenue Group will work diligently to make your dream home a reality. With over 20 years of combined experience, The Avenue Group offers exceptional service and knowledge of our local, luxury real estate market. Combined with the incredible network and resources of Gallery Homes Real Estate, we offer our clientele an energetic work ethic with a detail-oriented approach. Call or text The Avenue Group luxury real estate agents Alison North 937-206-2273, Dara Errett 937-244-4136, or Maegan Benne 706-840-2466 or visit AvenueOhio to get started.