The COVID pandemic done a good job in shifting our definitions of most everything, including definitions of luxury properties. Here’s the latest on luxury buyer preferences.
Luxury Preferences Are Shifting
Like so many homebuyers at all price points, luxury homebuyers want more space…more room inside and outside their homes to move around, breathe, work, live, learn and play.
Industry experts indicate that homebuyers’ shifting preferences stimulated by the pandemic are here to stay. Whether those preferences include things such as in-home bowling alleys and movie theaters, outside kitchens, or even on-site golf courses, know that luxury homebuyers want the fundamentals of space, wellness and technology.
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Technology
State-of-the-art technology inside and outside the home is a top priority for luxury homebuyers. Such technology enables home security systems, temperature and “clean” air controls, interconnected at-home working and learning tools, entertainment classifications and general well well-being.
Whether a property is a first, second or fifth home, high-net worth homebuyers want seamless, gold standard technology in their home systems, applications, devices and appliances.
Outdoor Space
Luxury homebuyers want their backyards to offer them five-star resort amenities. Private gardens (flower, vegetable, meditation gardens); pool-side chef kitchens with top-of-the-line grills, oversized sinks, wine storage, food and drink storage/refrigeration, stone-covered prep areas and ample dining /seating areas; sports courts for every ball game imaginable and custom-build fire pits, swimming pools and/or calming meditation pools with just-right water features.
Any and all of these outdoor amenities evoke private, controlled, luxurious escapes from the chaos of today’s world.
Health and Wellness
Today’s affluent homebuyers are seeking holistic wellness sanctuaries throughout their properties. The more wellness oriented and the more green, the better.
In addition to energy efficiency and air/water purification systems, high net-worth are seeking moderated sound systems, light quality, fully outfitted gyms with saunas and yoga/meditation rooms, indoor lap pools and quiet, calming areas for all-season use.
Thanks to Inman.
