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7 Features Luxury Home Buyers Want

8 February 2023 Written by Staff Writer

A well-appointed home is not the only defining characteristic of a truly luxurious property. Luxury refers to features that make the homeowner feel pampered or bestowed. Imagine a level of grandeur usually reserved for royalty or the very wealthy. The term "luxury" conjures up images of swimming pools, saunas, in-home gyms, backyard tennis courts, game rooms, and fully-stocked kitchens, but what exactly do affluent buyers look for in their homes? If you plan to sell your luxurious property soon, this is an essential question. Trends change, and keeping up with them is crucial, especially in the luxury real estate world. Only by knowing the most sought-after features buyers look for will you be able to make the most of your sale. As a result, we've consulted experts in luxury real estate, and here are the top seven features luxury home buyers want.

What features do luxury home buyers look for?

In recent years, there has been a significant shift in what is considered a luxury home. The cost alone no longer denotes a home as a luxury item. A luxury property buyer today is interested in cutting-edge amenities that make their lives easier and more luxurious. These affluent buyers are willing to spend a premium on services and features that cater to their preferences.
A luxurious home with large glass walls, an outdoor kitchen, and a swimming pool
However, what was once considered luxurious may today be one of the factors that cause a drop in property value. That's why it's essential to invest in features and upgrades that can boost your property value. On the other hand, you also need to stay away from things that can affect it negatively. So the question is, what features do luxury home buyers want the most that will make your property stand out?

1. Modern open floor plans

One of the most sought-after features in high-end properties is an open, modern layout. You can expect a grand foyer, lofty ceilings, and plenty of windows in each layout. This lets in more natural light, which expands the look of the rooms and increases the home's curb appeal. Modern floor plans, with their high ceilings, also guarantee design flexibility, which is an element that can help your luxury home stand out on the market. Together, these coveted additions help drive up a home's price.

2. Stunning outdoor kitchens and swimming pools

An elegant, state-of-the-art indoor kitchen is no longer enough to impress luxury buyers. A homey outdoor kitchen and cooking area are much sought after by affluent buyers. The best outdoor kitchen features a built-in gas grill, a sink and stainless steel counter space for food preparation, a small refrigerator for storing food and beverages, and plenty of plush stone patio chairs for socializing. Luxurious amenities like large pools, hot tubs, and changing cabanas are at the top of this wish list. Since more and more people spend their free time outside, luxurious properties with outdoor living spaces are becoming increasingly desirable.

Large luxurious home with a stunning view and a round outdoor swimming pool in front of it.

3. A great location and an even better view

One of the most valuable aspects of any property is its location. After all, everyone dreams of having their private heaven. Therefore, if you want to live lavishly, you need a large, secluded, tree-lined property where no one can see. Luxury buyers want their new home to feel like a private retreat where they can unwind in complete anonymity and peace. Whether it's a sprawling ranch or a luxurious oceanfront mansion doesn't matter. The ideal hidden location is a must-have for any high-end property buyer.

4. Affluent kitchens that support lavish living

The kitchen is the heart of any home; this is true for luxury homes, too. In fact, according to Forbes Magazine, a commercial-grade kitchen with high-end appliances is essential in a $1 million home. Warming drawers, a walk-in pantry, wine coolers, commercial-grade appliances, and ample cabinet space are just some of the amenities in kitchens designed for the wealthy. And although they can be pretty expensive, luxury homebuyers consider these improvements essential.

5. Walk-in closets and dressing rooms

Luxury house purchasers seek comfort and indulgence in all areas of the home, including the bedroom. It's essential that the area isn't just big but also has ample storage space. More and more people, both sexes included, want a sizable private space dedicated solely to donning and showing off their expensive threads. You can achieve this with a walk-in dresser as a perfect extension to your bedroom. The spacious closets have a luxurious look and feel to them as well.

6. Smart technology features

A home with cutting-edge technology is at the top of the wish list of the most affluent homebuyers. And even though it can be challenging to keep up with rapid technological development, it's not impossible. There has been a boom in the popularity of "smart" homes, including various technological advancements that can make your life much easier. Luxury house buyers are eager to make this "smart" purchase, so no matter how much money you invest in these features, it will undoubtedly pay off. So before you reach out to luxury real estate pros and ask them for help to sell your home, at least think about boosting the tech in your home.

7. Spa-like bathrooms

When traveling, affluent people typically stay in luxurious spas and hotels. So to duplicate that feeling of luxury daily, these people will likely seek out a house with spa-like baths. Walk-in showers with shower jets, a deep soaking tub, towel warmers, and radiant heat flooring are all standard in high-end washrooms. These upscale additions to the shower make it a place where homeowners may unwind after a hard day.

A large bathroom with large windows in a luxurious home

Final thoughts

What constitutes a luxurious home is highly relative and depends on who you're asking. However, if you want to sell your luxury home, you need to update it and include features luxury home buyers want the most. It's a win-win since buyers get what they pay for and have a great experience. So if you're going to attract wealthy homebuyers, your property must have all the latest amenities that the market demands.

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