Luxury home buyers are willing to pay top dollar for the amenities they want, but they’re very picky, writes real estate agent Jonathan Pressman. Here are this year’s most popular amenities.
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With the price of luxury homes Surge to all-time high in Q2 2024according to RedfernHigh-end buyers are active and don’t care about relatively high interest rates.
Kiplinger reported that nearly half of luxury home buyers will use cash to purchase in 2024. While luxury buyers are not afraid to pay top dollar, they are often very optional, especially when evaluating a home’s amenities. While wellness spaces may be the most sought-after amenities among luxury buyers in 2024, other important features include smart home integration, eco-friendly upgrades and indoor and outdoor living spaces.
Wellness and lifestyle space
Since the COVID-19 pandemic shuttered gyms, spas, and other wellness centers, the trend of “health as the new wealth” has grown exponentially. Luxury buyers continue to look for these spaces in their homes, including fitness centers, spa-like bathrooms, massage rooms, cold plunge pools and more healthy and lifestyle spaces are among the top high-end home amenities.
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High income earner choice exercise at home than going to the gym more frequently, creating more demand for home fitness centers from luxury buyers. Home gyms aren’t a novel idea, but the pandemic fitness craze has led millions of Americans to buy home fitness equipment or build home gyms. Today, luxury buyers want to be able to exercise at home, making fitness centers a necessity for luxury homes in 2024.
Luxurious spa-like bathroom
Forget going to the spa—luxury buyers want an at-home spa experience every time they step into the bathroom. Wet room with freestanding bath, heated floors, backlit vanity, digital shower system and more Bathroom products in 2024 High-end buyers like it.
Massage and meditation room
Massage room, meditation Room Zen gardens are other wellness-themed amenities that appeal to luxury buyers. With the rise of mobile massage services (34% of massage therapists report working in clients’ homes), luxury home buyers are increasingly interested in dedicating rooms and spaces in their homes to relieve stress.
Saltwater and cold pools
Although the pandemic pool craze has ended, luxury buyers remain interested in saltwater and cold pools. Celebrities, longevity experts and successful business leaders often tout the benefits of cold pools, while saltwater pools attract high-end buyers because they are gentler on skin, hair and eyes.
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Environmentally friendly and energy-saving features
Sustainable living has become one of the dominant trends in recent years. Continuing LEED-certified homes Sell faster and have a higher average selling price More energy efficient and environmentally friendly than similar non-green homes.
In urban markets, green roofs are a more sustainable roofing solution and provide the added benefit of private outdoor space. From sustainable building materials and native landscaping to insulation and electric vehicle charging, these and other eco-friendly, energy-saving features are now recognized by luxury buyers.
Smart home functions
Home centers, high-tech security, smart appliances and automatic lighting controls are just part of the integration smart family Features that luxury buyers of 2024 are looking for.
Indoor and outdoor living spaces
Dinner parties are popular again, indoor and outdoor living spaces are becoming one of the most important amenities luxury buyers look for when purchasing a new home. Outdoor kitchens, fire pits, and swimming pools are perfect for entertaining and can set a luxury home apart from its competitors.
Finished outdoor living spaces such as patios, porches and pergolas that flow seamlessly into the interior also help create the ideal environment for entertaining or relaxing.
Jonathan Pressman is a real estate agent who writes on a wide range of financial topics. Connect with him on LinkedIn and Instagram.
