Location remains the top consideration for real estate. Location determines property value. More than that, location determines the quality of your life.
Gilbert, Arizona should be on top of your shortlist if you’re in the market for a luxury home in the Grand Canyon State. Read on to find out why:
AT A GLANCE
Why choose Gilbert, AZ
Gilbert is one of the most up-and-coming suburbs in the whole of Arizona. Nestled between Santan Freeway of the Arizona State Route 202 and the U.S. Route 60 Superstition Freeway, this community is the perfect union of history and natural wonder.
Residents of Gilbert, AZ, enjoy wide, open spaces, a plethora of exciting outdoor activities, and the amenities of metropolitan living just a stone’s throw away. It’s just a 10-minute drive southeast to Phoenix-Mesa Gateway Airport and 23 minutes northwest to Phoenix Sky Harbor International Airport.
Moreover, Gilbert, AZ has a unique charm and allure that most buyers won’t find elsewhere. Located 22 miles southeast of Phoenix, Gilbert is one of the fastest-growing municipalities in the United States. Over the last 10 years, it’s seen its population rise by 26%, from 208,453 in 2010 to 262,866 in 2020.
Gilbert, AZ has also received every award and recognition you can think of, from the Most Prosperous Large City in 2020 [Economic Innovation Group] to the Number 1 Best City for Remote Workers in 2021 [Overall WFH score: 91%; Community & Safety: 95%; Health & Weather: 92.7%]. See more accolades here.
- How Gilbert, AZ became the best
Gilbert, AZ was named after William “Bobby” Gilbert, who owned most of the land Gilbert now sits on. The town grew when the Arizona Eastern Rail connected Phoenix and Florence.
When Gilbert was incorporated on July 6, 1920, its economy was grounded on farming and agriculture. And, as if to foreshadow its penchant for being the best at what it does, Gilbert eventually earned the reputation as the “Hay Capital of the World” until the late 1920s.
In 1970, Gilbert annexed 53 square miles of land from the county even if its population was less than 2,000. It was positioning itself for future growth and, true enough, Gilbert saw its stock rise in the 1980s, just 10 years later. Today, Gilbert describes itself as a “young, affluent community.” It employs the most people in industries like health care & social assistance, retail trade, and educational services.
One of the top-ranking specialized industries in Gilbert, AZ is real estate and rental and leasing.
- Real estate in Gilbert, AZ
Gilbert, AZ, is home to several neighborhoods that are popular choices for homebuyers and tourists alike:
- Cooley Station
- Finley Farms
- Layton Lakes
- Power Ranch
- Morrison Ranch
- Val Vista Lakes
On average, homes in Gilbert, AZ begin at $500,000. Luxury homes start at $700,000.
5 considerations when buying a luxury home for sale in Gilbert, AZ
Gilbert, AZ is no stranger to luxury property offerings
There are several things buyers need to consider when vetting a luxury home. These factors determine whether a property is a good investment:
Location is arguably the most critical factor to consider when buying a luxury home. Not only does location affect resale value, but it also plays a role in the lifestyle and comfort the home provides its owner. In general, it is best to consider properties that are centrally located. All an owner deems important should be within a 15-minute drive.
Similar to location, the community is equally important. Buyers have different priorities when it comes to the type of lifestyle they want to lead in their new homes. Often, younger buyers want a community with a thriving nightlife . On the other hand, buyers with families desire quiet, slow-paced living.
Amenities play a key role in deciding to buy a luxury property. These “extras” are often the reason for the high price tag. Today, luxury buyers want:
There are several things buyers need to consider when vetting a luxury home. These factors determine whether a property is a good investment:
- Privacy and security
- A decked-out home office
- Old-school amenities such as pools and home gyms
- Recreational options like sports courts and home theaters
- Gourmet kitchens
- More distinct living spaces rather than an open-concept great room
- Sustainable materials
- Outdoor space and proximity to nature
However, buyers must consider the amenities that are important to them. Every buyer is different. When it comes to amenities, there is no one-size-fits-all.
Among the considerations of luxury homebuyers, privacy and security ranked at the top. In Gilbert, AZ, you’ll find homes located in gated communities that offer a level of protection most other neighborhoods don’t have.
Some neighborhoods offer CCTV cameras and round-the-clock security personnel as an amenity to their residents.
Luxury buyers consider their real estate purchases as additions to their investment portfolio. Therefore, a home must not only be the pinnacle of comfort, it should also possess the qualities that enhance its resale value. When it comes to assessing the real estate value of a home, all the factors discussed above come into play. Moreover, when it comes to upgrades, it pays to consider their value to future homebuyers if you decide to sell in the future. It’s one way to maintain or increase the home’s market value.
How to purchase a luxury home for sale in Gilbert, AZ
The process of buying a luxury home is similar to buying a standard three-bedroom – except for the larger price tag. That said, every step of the home buying process must be approached with greater deliberation and scrutiny. Your comfort as a homeowner and your investment are on the line – more so if you’re a first-time luxury homebuyer. It’s easy to make real estate investing mistakes, especially without the right real estate team by your side.
Below are a few tips that can help steer the decision-making process towards the right path:
- Research the search process
Unlike shopping for traditional homes, luxury properties are slim pickings on MLS or multiple listing service. A few properties are featured on the aggregator; however, a buyer’s search should not end online. Limiting the vetting process to the properties on MLS significantly reduces the number of choices a buyer has.
Luxury properties are marketed differently. Some homes aren’t listed online to protect the seller’s identity and limit the number of people wanting to visit the property just out of curiosity. The property is often marketed by word of mouth or through private channels. When it comes to luxury properties, it pays to be connected to people with the right connections. This brings us to –
- Enlist the right real estate professionals
Because most luxury homes go unlisted, it is crucial to work with real estate agents that have the right connections. It is vital to work with a professional that has prior experience with the luxury real estate market. Luxury properties, after all, are a league of their own. An agent’s expertise in mid-range properties does not necessarily translate to luxury home sales. Likewise, a local Gilbert, AZ real estate agent knows the lay of the land much better than anyone else. The fact that they work within the community means they have cultivated enough connections and expanded their network to include unlisted properties for sale. A buyer can then benefit from access to broader choices.
- Go beyond photos
Sure, a picture is worth a thousand words – but buying a luxury home requires more than admiring pretty images.
While well-photographed images do establish a sense of the property’s breadth and appointments, pictures can’t compare to the real thing. There’s more to a luxury home than its looks – there’s the environment or neighborhood the house is in, the feel within its walls (Airy? Cozy? Grand? Welcoming?), the proportion, etc. None can be captured by images and videos alone.
While listings help narrow down choices, buyers should not commit to a property without a proper visit. After all, the investment is worth the in-person visit. Diligence is of the utmost importance.
- Come prepared
It is easy to be swept away by the beauty and size of some luxury properties. They’re over the top by design, even at their most tasteful. Garage showrooms are an example. So are luxurious panic rooms, private golf courses, high-end home security systems, and the like.
Visiting in-person allows you to assess the desirability – and suitability – of all the bells and whistles. How easy is it to customize or upgrade certain amenities? Can one feature substitute for another on your wishlist? Is the address private enough?
It’s important to have a clear sense of what you want when you pay a visit so you won’t be swayed by grandeur or sidetracked by charm. Having specifics written down makes it easier to stay grounded.
Then, assess the intangibles. How does the home make you feel? Are you comfortable? If not, is it worth redecorating or renovating to your liking? Consider the neighborhood and the surroundings. All must be worth the price tag.
- Know the neighborhoods
Assessing the neighborhood is crucial. Different communities
offer distinct characteristics. Likewise, some neighborhoods are considered luxury, while others are not.
Aside from the neighborhood’s current status, a buyer should consider the future developments within the community. A hipper, more developed neighborhood fetches a better resale value. It is something to keep in mind.
- Decide on your mode of payment
Getting your finances in order means different things to a standard single-family homebuyer and one purchasing a luxury home.
The former might worry about maintaining or upping credit scores in order to be eligible for a mortgage. The latter might simply be deciding on their mode of payment – whether in cash or through a bank loan.
A loan might mean a delay of two to six weeks as the bank deploys their assessor to determine the market value of the home compared to the mortgage you’re applying for.
In seller’s markets, this delay might discourage the homeowner, especially if cash offers are on the table. Your agent or broker will be in the best position to advise you of next steps.
- Don’t skip the inspection
Inspecting a luxury home requires a specialist who will look at the house on a structural level and point out its pros and cons.
It will take time as well, given the scope of the inspection, the size of the property, and the unique amenities.
Here’s how a standard home inspection differs from a luxury home inspection:
A standard home inspection covers the following:
- Central air conditioning
- Interior plumbing
- Roof, attic, visible insulation
- Ceilings, walls, floors, windows, doors
- Foundation, basement, structural components
Luxury home inspectors may include the following:
- Mold and hazardous elements
- Pests and insect infestation
- Security systems and alarms
- Pool, spa, bar, game room
- Balcony and garage foundation, drive port, wall construction
- Home theater
- Drain and water supply lines
- Construction quality
Beyond uncovering possible liabilities, home inspections also come with recommendations on home maintenance and upgrades.
- There is always room to negotiate
No matter how humble – or palatial – there is always room to negotiate the price of a home. Partnering with an experienced real estate agent specializing in luxury homes can help you determine the average price of similar-sized homes in the area. Likewise, the results of a home inspection can become a bargaining chip: persuade the seller to agree to undertake repairs. Or, the seller may be talked into giving the buyer better terms if the home is purchased as is.
Buying a luxury home is a long game. There is a limited universe of buyers and sellers within this realm of real estate, so it is vital to remain patient and wait until the right property at the right price comes along.
Living in Gilbert, AZ
Purchasing a luxury home for sale in Gilbert, AZ is quite possibly one of the best decisions a buyer can make. This growing suburb tops most lists of the best neighborhoods in the United States. More than its beautiful terrain and lush greenery, this town boasts an excellent school system, a safe environment for families, and amenities you can find in the most livable place in Arizona, bar none.
- Highly accessible
The beauty of Gilbert lies in the town’s ability to merge the excitement of city living, the calm of suburbia, and the thrill of the outdoors. It’s half an hour’s drive away from Arizona’s biggest city, Phoenix. Connected to Phoenix by Highway 60, it is also near Scottsdale, Tempe, and Mesa.
Aside from being a stone’s throw away from Arizona’s bustling cities, Gilbert is surrounded by magnificent natural wonders. Superstition Shadows Park, Silly Mountain, Prospector Park, and Siphon Draw are a few places residents of Gilbert can enjoy regularly.
- An outdoor paradise
In addition to the parks and outdoor destinations listed above, Gilbert Regional Park is a nature reserve that showcases the best of Arizona’s desert beauty. For those who love the water, the Riparian Preserve at Water Ranch is also worth the trip. This attraction boasts beautiful trails, fantastic water features, and is horse-friendly.
- Friendly to foodies
World-class dining options are available to those who want them.
The Keg Steakhouse and Bar is a top choice for a fine dining experience within Gilbert. While the steak takes center stage, the halibut is another must-try from The Keg.
For something more casual, the High Tide Seafood Bar & Grill is a great alternative to The Keg. If you drop by, do not forget to order the oysters!
- Perfect for raising families
As one of the best neighborhoods in the US, Gilbert has everything you need to raise a family – safety, security, educational excellence, the opportunity to spend time in the great outdoors, homes with more than enough room to accommodate an expanding family, and amenities that won’t make you miss the big city. Clearly, Gilbert, AZ is the kind of town families are looking for.
Live your best life in Gilbert, AZ with Carol Royse
Discover the best that Gilbert, AZ, has to offer. Let Carol Royse Luxury Division find the best homes to suit the luxurious lifestyle you’ve always dreamed of.
With over three decades of experience, Carol Royse and her team are dedicated to providing their clients with a boutique real estate experience like no other. The team is all about helping clients achieve their real estate goals s in Gilbert and other communities in Arizona.
Here’s what a happy client had to say about working with us:
“Mr. James, ‘Jay’, with the Carol Royse team was amazing!!! I can’t thank him enough for his hard work, dedication, and perseverance throughout our home-buying process. This is a competitive market, and Jay guided us every step of the way into our beautiful new home. I couldn’t be more thankful. Highly recommended.” – Client-Buyer
Let Carol and her team bring you a step closer to fulfilling your real estate dreams by checking out the luxury homes for sale in Gilbert, AZ. Call 480.776.5231 or email email@example.com. You can also send a message here so that one of our luxury experts can reach out to you.