9 Luxury Home Features that Luxury Home Buyers Want
Luxury home buyers are often looking for certain features when they purchase a new property. If you're in the market for a luxury home, there are many features that will influence your decision. This list of 9 Luxury Home Features that Luxury Home Buyers Want shows you some of the most sought-after features when it comes to purchasing a luxury home. Luxury homes are all about creating an incredible lifestyle that buyers want and are willing to pay for.
The luxury real estate market is booming and there's no shortage of wealthy buyers looking for their dream homes. Luxury home buyers are known to be picky, but they're also willing to pay top dollar for the perfect home. Luxury homes need certain features because people who are willing to spend big money want all the bells and whistles. The following list of nine luxury home features that buyers want may help you determine what to include in your next listing if you're selling a luxury home.
#1. A Grand Entrance - Foyer
A grand entrance is very important in a luxury home because it sets the tone for your house from the moment you walk through the door. A nice entryway will also give guests an idea of what they should expect upon entering your home. A foyer is a great place for a showroom with a bright and open space to wow family, friends, and visitors.
Having high ceilings in your foyer will make it look larger especially if it's double the ceiling height. A stunning chandelier hanging from the ceiling will create a focal point and make your foyer look like it belongs in a luxury hotel. A grand entrance is important for buyers who want to be wowed from the moment they walk through the door.
One of my favorite features when I tour luxury homes is seeing a beautiful open space, it gives potential buyers what they can expect from the rest of the house. If you're looking for a way to make your entrance more elegant but still functional, consider having some built-in storage features within your foyer space. You can add a coat closet or bench for your guests to sit and remove their shoes. Built-in benches will also give you extra seating in an area that is usually empty when walking through the front door of most homes.
#2. Smart Home Technology
Luxury home buyers are always looking for the latest luxury amenities. More recently smart home technology is being requested more frequently in the luxury home market. People are busy and technology can make life simpler and easier. It is easier than ever to control the security, temperature, lights, shades, and even sound system in luxury homes with smart technology.
When you are away from home or on vacation you can keep an eye on your home from your phone or tablet 24/7, with video surveillance, cameras, and video doorbells.
You can also automate your home by setting your preferred temperatures for different times of the day and for each day of the week. Have the lights turn on and off at pre-set times, and even have your kettle or coffee maker started as you are getting out of bed.
Smart home systems give them the ability to control their environment both inside and outside of their homes wherever they may be at any time of day or night. Many luxury home buyers will expect this in their new house and they'll be willing to pay more for it. A home with smart technology is more attractive to luxury buyers.
The Nest thermostat is another great example of this technology. Its sleek design allows it to blend in easily with most interior designs while still providing an abundance of useful features such as auto-away which senses when no one is is home and automatically adjusts the temperature. Smart home technology is ideal for busy luxury homeowners who need to keep their lifestyle running smoothly even when they are away from home. These features make a house easier to live in which adds value whether you're selling now or later down the road.
Having lights throughout your luxury space that turn on automatically as people enter rooms or more likely a walk-in closet is another great example of luxury technology being used these days. You can also control lights, blinds, and the music via your phone as well to make it seem like you are there even when you’re not! This is an easy luxury feature that anyone can add on later if they wish without much effort. Many of these smart home technologies can also be voice activated through services like Siri, Alex and Google.
#3. Gourmet Kitchen with High-End Appliances
The kitchen is one of the most important rooms in any home. This space is very important to buyers because it's where they will do most of their entertaining and preparing meals. A luxurious, modern kitchen should include state-of-the-art appliances, even commercial grade sometimes with brands such as Wolf, Viking, Thermador, Gaggenau and Sub-Zero. Luxury kitchens are not complete without marble backsplashes either! Marble is another preferred countertop material that has been used by homeowners for eons because of its beauty and durability paired with functionality.
Other desirable luxury home kitchens feature large islands with a waterfall design and seating, lots of counter space, ample storage space, possibly with a pantry or even a butler's kitchen attached to the main kitchen.
For more modern luxury homes, adding under-cabinet LED lighting around countertops can make even a small space seem bigger since there will be light cast onto surfaces everywhere possible making them seem larger they actually are
#4. Outdoor Entertainment
Summertime and hot weather are short here in Toronto and the G.T.A so many homeowners want to make the most of it. Many luxury homes are now built with an outdoor kitchen, built-in BBQ, bar and dining area, a swimming pool also paired with a jacuzzi or hot tub.
Having an outdoor fireplace can also add to the luxury appeal of your home and it's a great place to gather on those cooler spring and fall evenings. Outdoor fireplaces are usually made with natural stones which look very attractive paired with modern furniture or even rustic pieces, depending on what you're going for in terms of style.
Outdoor dining areas with a table for six or more is also ideal so you can enjoy dinner outside without having to go back inside the house every time someone needs something from the kitchen.
There are so many options for outdoor space that you could even have a separate guest house or even a pool house for your guests. It's also a smart idea to have a seating or lounge area that is covered from the sun during those hot humid summer days. # Outdoor Kitchens, Fireplaces, and Grilling Areas
Adding lighting around trees, pathways, patios or decks also adds value not just because it looks nice but also because it provides safety and security if you plan on entertaining often.
When thinking about outdoor lighting, think back to when your parents or grandparents used candles back in the day for dinner parties outside because that's what they had. A great way of bringing back this vintage look is with string lights around trees and large bushes which also adds a touch of romance! For an elegant French garden feel, add some traditional black iron lanterns along pathways leading from the house out to patios or pools.
For more modern luxury homes, adding under-cabinet LED strip lighting around countertops can make even a small space seem bigger since there will be light cast onto surfaces everywhere possible making them seem larger they actually are. This works especially
#5. Location, Location, Location
You won’t find many $4 million dollar homes surrounded by $1 million dollar homes. Luxury home buyers in areas such as Toronto, Mississauga or Oakville want to live in a luxury neighbourhood surrounded by similarly priced homes.
Where your home is located matters. Luxury homes are usually on very quiet streets, tucked away from busy main roads that have traffic noise and pollution. They often have mature trees, lots of green space with park views, and are located close to amenities such as grocery stores or coffee shops.
Location can also mean location in terms of how far away it is from key areas that you might need to travel to for work, schools for your kids and lifestyle such as restaurants, gyms, places of worship, and shopping.
#6. Spa Bathrooms
A spa bathroom is a luxury home feature that we can't get enough of and one that you'll find in most high-end custom homes. People who have traveled a lot and stayed at luxury hotels want that same experience at home.
A spa bathroom usually has a spa tub, large walk-in shower, dual sinks, and vanity area. You'll often find quartz or natural stone countertops paired with high-end tiles such as marble and limestone in this type of home design.
One of the most popular bathroom designs is the water closet. The toilet(s) is often placed in a separate area, which may be as little as a closet or just a bit greater than one. A door separates the space from the rest of the bathroom.
People also love the idea of a spa bath with jets to soothe their muscles after a long day or workout which makes it ideal for those buyers looking for an oasis away from all the craziness happening outside these walls. Many people are choosing freestanding tubs as it is a cleaner, more modern look than a built-in tub.
Buyers also like heated bathroom floors so no matter what time of year it is, you'll have warm flooring surrounding your tub or shower space, it's so nice during the colder winter months.
Many spa bathrooms will also have a skylight to allow for more light and views of the sky. It adds so much natural lighting that it's well worth the investment.
#7. Home Gym
Busy people that work out love having a home gym so they don't waste time going back and forth to a gym the whole time. Plus, they can work out in their own space without someone watching them or waiting in line for equipment.
Many luxury homes feature a home gym that will include top-of-the-line fitness and cardio machines like treadmills, ellipticals, spin bikes, plus weights and a yoga/ stretching area.
Many home gyms will have a wall of mirrors so you can admire how good of shape you are in or how much work you need to do lol. Add in some speakers for that motivating music and TV screen so you're ready to rock your workout in the privacy of this dedicated space.
Home workout rooms usually have high-end rubber flooring that is easy to clean and durable so you don't damage the floor when lifting those heavy-ass weights. Many owners are also adding a steam room or sauna, which is a lovely way to recover after a good workout or just relax especially during the cold winter months.
#8 Home Theatre
It's great to have a big-screen TV to watch your favourite shows or movies but it's even better to have your own movie theatre which is a common request for new custom homes. They are typically built under the garage in the basement with two or three rows of movie-like seating with surround sound and a high-definition projector to really make the experience feel like you're at a real theatre.
This is a great space to host family and friends for the big game or just to kick back with your popcorn while watching your favourite shows. It's a great place to entertain and impress and one of those luxury home features that won't ever go out of style.
Home movie theatres are great for the boys to watch sports and action movies, great for the ladies to watch those rom-coms, and great for kids to watch cartoons and Disney movies again and again and again.
#9 Home Office
With more people working from home nowadays and with some people working at home a few days a week, a home office is typically on the must-have list of luxury home buyers.
One of the most important aspects of creating and maintaining a productive home working routine is to design your home office for optimum efficiency. Items to consider for a home office include how many people will be working in it, functionality in terms of space, how much storage you will need, the desk itself, for example, do you like a large traditional desk or a newer modern electronic standing desk where you can stand and work or lower it to sit down. Lighting and design are also important to create a productive working environment.
You may now spend less time getting ready for work since your home office is now your working environment. Set up your home office that suits you best, a place where you can focus and be productive even though you may be working in your jammies unless you have a zoom meeting.
We hope you enjoyed these luxury home features! If you're in the market for a new house, consider all of the things that come with it. If you’re thinking of selling your home, consider what luxury buyers are looking for. The best way to do this is by talking to a realtor who specializes in high-end homes. If you're a luxury home buyer, maybe you never thought of some of these features that you may want now. Call us if you need any help buying or selling Toronto luxury home or anywhere in the G.T.A.