May 11, 2021
8 Features Luxury Home Buyers Look For
Selling a luxury home is very different from selling a regular property, with many buyers looking for something that is just right for them. Luxury home buyers are often willing to invest a lot of money into the right property, which is why it’s so important to consider what they are looking for and make sure that it’s offered to them. Whether you have purchased a home to flip and turn into a luxury home to sell in the future, or you own a luxury home and want to update it and sell it on, here are some of the main things that today’s luxury home buyers tend to be looking for.
Character is often one of the first things that luxury home buyers are looking for when purchasing their next property. When you open the door and the entrance immediately screams luxury, it is just what they are looking for. They want a house that is spacious, has high ceilings and a little bit of personality and a story to tell. Often, part of this includes an open floor plan, which can add further personality to a home and make it warmer and more inviting.
The kitchen is the heart of the home, and luxury home buyers certainly want a property with a kitchen that reflects this. A fully-stacked kitchen is often at the top of the priority list for many luxury home buyers and many are not going to make do with a kitchen that is not modern, spacious, and easy to work in. Top-of-the-range fitted appliances, a large pantry, a well-lit worktop area and smart storage solutions are just some of the must-haves that luxury home buyers are looking for in their new kitchen.
Today, the world is becoming more and more connected, and this is reflected in our homes, especially smart homes. Luxury home buyers are often looking for properties that they can control using their smartphone. This can include the use of smart lights throughout the property that can be turned on remotely, or a smart thermostat system that not only adjusts automatically based on the use in a certain room at the time, but can easily be controlled from anywhere using an app. Electronic climate control, security, and even food storage with smart fridges that you can check inside when you’re getting groceries at the store and forgot to look before leaving the house can all make a luxury home even more desirable.
More and more luxury buyers are looking for a home where they can easily take part in a range of outdoor activities. They are looking for properties with an outdoor kitchen and dining area, and it’s even better if a pool and a hot tub are also included. Outdoor activity space is often a must in a modern luxury home.
No luxury buyer wants to end up living in a home where they don’t have enough places for their things – and they will often have a lot of things to store. If you are in the process of renovating a home to turn it into a prospective property for a luxury buyer, consider adding as many storage rooms as possible throughout the house, including separate walk-in closets and dressing rooms, large utility rooms, and smart storage solutions so that everything that they need can be kept on hand while being out of the way.
You might also want to consider offering this hidden gun shelf option to the home, allowing gun owners to store their weapons away safely and securely. The hidden gun storage from Decked includes a range of options including gun safes, gun storage furniture with a hidden gun shelf, and even gun storage that is disguised as home décor for those who are serious about gun security and want the extra protection that comes with owning a gun without having it on display.
Aside from the kitchen, the bathroom is also another very important room in the home and likely to be somewhere that a potential luxury buyer is going to pay a lot of attention to. Nobody wants a sup-par bathroom when they can afford better, which is why it’s important to pay attention to this room and make sure that it is up to luxury standards. A light, spacious and airy bathroom with modern features such as a large walk-in rain shower, free-standing tub, spa bath and more is something that’s a must-have on the list of most luxury home buyers.
With the COVID-19 crisis of the past year changing the way that most of us work, more and more buyers – not just luxury buyers – are looking for a home that offers a home office or workspace. Being able to work from home comfortably is a priority for the majority of people who are going to be working from home for the foreseeable future or work for a company where remote working has become the new normal due to the pandemic. In fact, due to COVID-19, we are seeing an increase of buyers across the world looking to move to a property with more room for working from home.
Some of the most affluent people would rather go to the gym at home compared to using a health center where they’ll be sweating in front of other people, and who can blame them? Or, perhaps your home will attract a luxury buyer who needs a gym room because they simply don’t have the time to go and exercise elsewhere. Adding a gym room to the home means that the buyer has somewhere that they can kit out with everything that they need for keeping fit at home whether they enjoy cardio, weight lifting, or yoga.
Whether you want to transform your regular home into a luxury property or have a large property with a lot of potential to renovate and sell, it’s important to understand the main things that luxury buyers are looking for today.