In many ways, luxury real estate is in the eye of the beholder. Features that may be essential for some people are considered luxury features to others. But, ultimately, there are certain items, often considered “luxury” features, that home buyers tend to love when looking to buy a home. As the luxury real estate market continues to grow, home buyers find that while it might be nice to have a beautiful kitchen and amazing views, several features in luxury homes are not always seen but are extremely popular with luxury home buyers. The following is a list of must-have features for any luxury real estate listing.
According to Realtor.com, 31 percent of buyers with an income greater than $150,000 consider a wine cellar to be their most-desired feature in a home. Additionally, it is deemed essential for homes valued at $1.5 million or more to have a wine cellar in some country areas. Keep that in mind as you decide which luxury features to have in your home. Wine cellars are a luxury for everyone, luxury home buyers included.
Smart Home Set-Ups
Smart homes are increasingly in demand among high-end or luxury real estate consumers. With so many tools available, it is possible that people can use technology to open their doors, adjust their thermostats, set their alarms, turn lights on and off, open their garages, water their lawns, vacuum their floors, mow their lawns, and more. Of course, the more “smart” features your home offers; the more buyers will have to love your home.
Gone are the days when a his-and-hers closet offered sufficient “wow” factor to sell homes. Today’s luxury homes need a few more thrills and chills in the closet department to seal the deal. That includes center islands in closets, segregated shoe storage, specialized lighting, jewelry drawers, full-length mirrors, and organizational shelving & racks. The more versatile and feature-rich the cabinet, the more universal appeal it will offer luxury home buyers.
Heated Floors and Driveway
While certainly in greater demand in colder climates, radiant heated flooring and heated driveways that repel ice are luxury touches worth their weight in buyer’s gold. Buyers love these features that spare them cold toes in winters and the need to hire a service to handle ice removal from their driveways. That’s why luxury homes often include year-round heated driveways and walkways.
Unique Architecture and Design
Buyers love a home that tells a story. While not all stories appeal to all buyers, a home with unique architecture and design features allows buyers to make up their own stories about the house. More importantly, it gives them something else to fall in love with, so they can picture themselves and their families living in the home.
If you’re genuinely courting a luxury real estate audience to buy your home, you want to make sure you’re putting your money where their minds are. This means you’re using premium materials throughout the home that are attractive to high-end buyers. This includes granite countertops, natural stone or exotic hardwood flooring, slate or clay roof tiles, and brick or stone exteriors.
Of course, these luxury features are in addition to gourmet kitchens and spa-like bathrooms that sell homes in a heartbeat. So if you’re looking for something a little extra to attract luxury real estate buyers to your home, these tips are sure to help.