WHAT DO LUXURY HOME BUYERS WANT?

An increasing number of prospective homebuyers are seeking a luxury home – specifically, a multimillion dollar residence located in a beautiful location and loaded with amenities. 

This was revealed in a recent survey conducted by the research firm ICR, which showed that high-end homeowners are particularly optimistic about home values.      

Key findings in the survey of the luxury market demonstrates that the typical million-dollar homeowner is invested not only in the value of their home as a current part of their portfolio, but also see long-term gains coming from this investment.   The survey polled homeowners whose current primary residence is valued at over $1 million.  Their average household annual income was $754,000.

“Must have” luxury amenities cited by respondents include designer kitchens, formal landscaping, water views, customized home entertainment centers, swimming pools, indoor gyms and wine cellars.  In the area surrounding their property, respondents cited a variety of desired amenities including a boat dock, putting green, and tennis or basketball courts.