Luxury homebuyers are willing to pay top dollar for the amenities they want, but they’re very selective, Realtor Jonathan Pressman writes. Here are the most sought-after amenities this year.
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As luxury home prices soared to an all-time high in Q2 2024, according to Redfin, high-end buyers were active, paying little mind to relatively higher interest rates.
Kiplinger reported that nearly half of luxury homebuyers in 2024 purchased using cash. Although luxe buyers weren’t afraid to pay top dollar, they were often very selective, particularly when evaluating a home’s amenities. Although wellness spaces are likely the most sought-after amenities among luxury buyers in 2024, other important features include smart home integrations, eco-friendly upgrades and indoor-outdoor living spaces.
Wellness and lifestyle spaces
The trend of “health as the new wealth” has grown exponentially since the COVID-19 pandemic shuttered gyms, spas and other wellness centers. Luxury buyers continue to seek out these spaces in their home search, making fitness centers, spa-like bathrooms, massage rooms, cold plunges and other wellness and lifestyle spaces one of the top high-end home amenities.
Fitness centers
High-income earners choose to exercise at home more often than at the gym, generating more demand for in-home fitness centers among luxury buyers. Home gyms aren’t a novel idea, but the pandemic fitness craze caused millions of Americans to buy at-home exercise equipment or build home gyms. Today, luxury buyers want the option to exercise at home, making fitness centers something of a necessity for luxury homes in 2024.
Luxury, spa-like bathrooms
Forget taking a…