Looking to take your next luxury home to the zenith? Mansions have been long seen as a sign of wealth and success, but are they all they’re cracked up to be? We’re going big by looking at mansion floor plans, including their pros and cons and whether they’re the right choice for you.
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What are the benefits of a mansion house plan?
Plenty of Space
A mansion house is a larger house. Luxury homes are known for providing ample space More bedrooms mean your mansion will be able to accommodate growing families and any guests you may have over.
Best of the best features
Bigger homes mean more features and the finest quality fixtures your builder has to offer.
When it comes to what you can include in your mansion, your imagination is the only real limitation. Some indoor and outdoor features your mansion may include are:
- Swimming Pools
- Gaming Rooms
- Cinema Room
- Basement
- Wine Cellars
- Tennis Court
- Master suites
- Rec room
- Private Gym
Potential for long-term capital growth
Nothing is a sure thing when it comes to investment, but land is one of the safer long-term investments you can purchase. Believe it or not, people do sell mansions later in life, and with a little market savvy and luck, you might make quite the profit on resale.
Entertainment Options
If you love to throw a party, you’ll be able to have a bash that would make Gatsby proud in your mansion. Whether you want to bring in the new year with a bang or have a movie night with friends, your house will be known as the place to be among your friends and family.
Large range of architectural styles
There are a range of house plans for a mansion-style home. When building a luxury home, you’re better off choosing a custom builder who will be able to create a house that will specifically bring your vision to life. Whether you’re after modern home designs or something more traditional, there is a huge range of options for those looking to build a mansion design.
What is the average size of a mansion floor plan?
By design mansion floor plans tend to be spacious, with their size being anywhere from 740sqm plus. If money is no issue, consider how much space you actually need. Larger houses require a lot of upkeep, and you can still have a big house without resorting to building a mansion.
How much does it cost to build a mansion?
Not including the block of land itself, construction costs for a mansion can land anywhere between $700,000-3million. These are just average figures and the biggest, most expensive mansion floor plans can cost well into the tens of millions. Remember, people don’t tend to build mansions on cheap blocks of land, so your price is likely to double once you add land prices as well.
Is a mansion home design suitable for me?
The most immediate deciding factor as to whether a mansion house plan is for you comes down to price. The reality is most of us simply cannot afford both the initial price and ongoing upkeep that comes with a mansion. However, even if you can, a mansion best suits those looking for a luxurious, large house with plenty of space and features.
Potential downsides of a mansion
- Price: The most obvious thing that will stop most home buyers from building a mansion is the price. It’s no secret mansion floor plans aren’t cheap, but that is kind of the idea.
- Ongoing costs: You need to keep in mind not only the initial costs when buying a mansion. A large, luxury home is expensive to maintain and repair when needed.
- They’re not for everyone: Though we’ve been trained to see mansions as the peak of living, they’re not everyone’s cup of tea. You can still have an expensive, luxury home that isn’t a mansion. For example, an acreage home on a large block of land will feel luxurious while still feeling more down to earth.
- Unpredictable property market: Despite the impression you could easily get from the news, a house isn’t necessarily a slam dunk in terms of capital growth. While all properties run the risk of selling at a loss, the potential loss is higher with a house design that’s as expensive as a mansion.
Our tips to help you choose a mansion floor plan for your new home
Be sure to choose a luxury or custom builder: Affordable, budget builders play a vital role in providing people with homes, but they’re not who you should hire for a mansion.
Talk to a financial advisor: This is good advice regardless of what type of house you’re planning to build. With an expensive project like a mansion, you need to be certain your budget and financial situation can cover both the initial and ongoing costs. Finding out a mansion isn’t feasible may be tough to hear, but it’s better than learning it mid-build.
Build in the right neighbourhood: Building a mansion in a middle-class neighbourhood will draw attention in the wrong ways. Certain house types work with certain surroundings and a mansion is no exception.
Talk to an impartial building broker: Building your perfect home is one of the biggest projects you’ll ever undertake. It’s not so much one big job as it is many, many little ones. The great news is there is no need to go it alone. Buildi is here to guide you through every step of your building journey from helping you find the right builder to ensuring everything in your contract is carried out.
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