Livable LuxuryFebruary 6, 2012
The vibrant market for luxury homes is one that is defined by constant change, keeping pace with a modern world and the changing needs of its unique clients. Over the past decade, the very definition of luxury has seen a dramatic shift—in the past, the measure of square footage was the primary aspect defining a property as a “luxury home”. Today, both the market and the clientele have adjusted their needs, wants and long-term goals when purchasing luxury real estate.
Gone are the days of the “McMansion”, traded in so that luxury homeowners can trade up. Elegance, amenities and attention to details are the qualities the modern homebuyer is interested in. The new definition of “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. The livability of the modern luxury home is the key feature that modern buyers are looking for, a measured consideration of four main factors: the flexibility of their living space, the storage area available, the entertainment areas and their features and the stress-free ambiance created by the home’s amenities. Fun, fitness, attention to detail, technological conveniences and security are the new premiums in luxury homes. Space is nice—but what’s in the space is the key selling point of the modern world of luxury homes.