If you want to make a significant profit from selling your luxury property, you must know which amenities make your home more attractive to buyers —especially the high rollers. Highlighting features that your target market wants can lead you to the best possible returns on your original investment.
Here are five of the most sought-after features that buyers look for in a luxury house today:
- Move-in ready property
Luxury home buyers are prepared to pay top dollar for a house that needs little to no renovations. This means brand-new or newly renovated properties have an edge over homes that need work before they can be fully enjoyed.
Since you can’t present your existing luxury home as a brand-new construction to buyers, offer the next best thing: a turnkey home that’s in its best condition. Investing in cleaning and repair services, updating finishes and appliances, and getting advice or services from a professional home stager can go a long way in making your luxury home appear good as new in the eyes of meticulous property buyers.
Be smart about remodeling your property or adding features, though. Not all renovation work is guaranteed to translate into a profit. Investments in minor updates are, in fact, easier to recoup than major overhauls. Here is an overview of common renovation costs compared to their eventual resale value to guide your home improvement targets.
- Modern design
The modern lifestyle embraces convenience and efficiency. This is why open floor plans continue to top homebuyers’ checklists.
A large luxury home may have designated areas for different day-to-day activities, but its ideal design should be one where each section of the house can seamlessly “flow” into the other.
- Home automation
Smart home technologies have evolved to the point that they not only give a luxury house a distinct wow factor but also complement the owner’s preferred lifestyle. Many buyers prefer experience-focused technologies, such as electric car docking stations, internet-connected security systems, energy-producing solar-panel roofs, and various forms of voice-activated and controlled appliances.
- Customized spaces to suit different lifestyles
Luxury homes are more than just structures – they are complete experiences built around the owner’s needs and interests.
For instance, some families might require a home with a room for an au pair or nanny. Others may want expansive outdoor spaces for recreational activities and for entertaining.
Typically offering a surplus of rooms, luxury properties can be fashioned to accommodate designated workspaces, specific recreational areas (such as a fully-equipped home theater, game room, or home gym), and other multipurpose rooms.
- Generous storage
Luxury buyers are drawn to properties with amenities like walk-in closets in the bedroom, a walk-in pantry near the kitchen, and multi-car garages with extra space for tools and equipment.
While most of the house is meant for relaxation and recreation, a luxury home must also have ample space for storing and organizing the owner’s belongings.
Ready to sell your luxury home in Monmouth County, NJ? Work with top Colts Neck real estate agent Colleen Meyler to get expert services and insights from a trusted local professional. Contact Colleen today at 732.995.5102 or ColleenMeyler(at)gmail(dotted)com .