Today's Luxury Home Buyer is looking for something that is becoming increasingly hard to find.
Smaller, luxury homes on smaller, more manageable lots that live large. Active families want but communities that are suited to their unique needs. Manageable lot size is something that buyers are looking for.
There are many benefits to that the area brings for all buyers.
Statistics show that buyers want:
- Proximity to shopping, dining and entertainment
- Great schools
- Luxury at an affordable price
- Security of a gated community
- High end amenities and easy lifestyle
- Enjoy a sense of community with others in the community
- Want a Lock and Leave concept for worry free travel
- Desire the safety of a gated community
- Want to continue a healthy, active life
- Proximity of kids activities is a must
What Amenities are Buyers Looking For?
According to the National Association of Home Builders, buyers want many choices when building a new home:
Tech/Media Centers: The tech-savvy buyer wants top-of-the-line amenities for their homes such as a media room with surround sound and central control systems, which manage all media sources in one location. The house may include a wireless home network, remote control lighting and security features.
Tons of Light/Bigger Windows: Buyers want light and bright! To accommodate this, builders are adding more windows and making them larger to let in more natural light. They are also adding more light fixtures in areas including under cabinets and in stairwells. Multiple switches to reduce the number of trips and dimmer controls to eliminate glare are other options.
First-Floor Bedrooms and Bathrooms: More than 40% of new homes have master suites downstairs, a 15% increase over a decade ago. New home buyers are choosing one story homes over multi-story for the ease of living. The bedrooms also are also larger, with more spacious walk-in closets and bathrooms that have a separate tub and shower and dual sinks.
Easy to Maintain Exteriors/Landscaping: Yard work, painting, and other landscaping chores may no longer be enjoyable to active home owners. Lawns are being replaced with living patios, decorative landscaping, or flower beds which can be a hobby for gardening enthusiasts.
Flex Space: Flex space has become more prevalent in both new homes and remodeling. Flex spaces are rooms that take on the purpose of the present home owner's needs but can adjust with changes as they occur. What may have once started out as a guest bedroom can be redecorated to serve as a hobby room or library. Many buyers want space for parents or college kids who come for a visit.
Today's residential communities are much different than in years past, and there will certainly be more changes as the years ahead bring more options for health, activity, financial stability and the like.