The dynamic luxury home market is one that is always changing to keep pace with the times and meet the unique needs of its clients in the most modern way. Over the past decade, the trend of defining luxury has shifted dramatically—once, an abundance of square footage was the primary aspect of defining a property as a luxury home. Today, the market and clientele have adjusted their needs, wants and long-term goals when purchasing luxury real estate. Gone are the days of the “McMansion”, they are being traded in so that luxury homeowners can trade up.
The new definition of a luxury home places more emphasis on the ease, comfort, convenience and magnificence of the home’s details, features and amenities, rather than the space that they take up. Going into the new year, some of the luxury home features that buyers will be looking for are green wise construction and amenities, modern security systems and technology incorporated throughout the home. Shrewd sellers should think about integrating these elements whenever possible to up their home’s value—savvy REALTORS® will be showcasing them as selling points!