The Preferences Of Luxury Home Buyers - Part 2
Robert G. Hetsler, Jr. J.D. CPA
Inspirational Leader, Spiritual Warrior, Life & Business Strategist, Author, Entrepreneur Talks about #Overcoming Adversity, #Leadership through Inspiration, #Belief System, #Success #Importance of Progress
When it comes to purchasing new real estate, all buyers share certain expectations – good location and value for their money top the list. However, when it comes to the more rarefied world of luxury buyers, additional criteria come into play.
In Part One of this series, we introduced you to some of the intangible things wealthy purchasers are looking for in their real estate acquisitions. Today we continue with a further glimpse into what today’s affluent buyers seek out.
Family Comes First
One interesting trend is the concept of multigenerational travel – grandparents, children and grandkids all vacationing together. This is prompting an older generation of buyers to seek out luxury properties in popular holiday destinations – including South Florida. They demand flexible spaces that can accommodate a large group of family members and offer something of interest for every generation. Amenities and entertainment opportunities are the order of the day for these savvy buyers.
Move-In Ready
One thing affluent buyers across the board often demand is a luxury property that is ready to welcome them “as is.” Long gone are the days where wealthy shoppers are interested in acquiring a home that will require extensive renovations to bring it up to their standards and expectations. Instead, they seek out high-end new builds that also offer a range of other amenities including top-of-the-line security and concierge services.
Privacy Is Paramount
This almost goes without saying, but luxury property buyers often put absolute privacy at the top of their lists. This is especially true for high-profile and celebrity buyers. Whether they are seeking out a single-family residence or a high-rise condo, today’s affluent purchasers will be keen to know exactly how shielded from the public eye they will be.
*Information courtesy of Christie’s Luxury Real Estate Luxury Defined 2015 Report
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