Luxury homebuyers want advances in the kitchen, the backyard and in technology.
Affluent Americans who are back in the housing market are coming in with requests for luxury items that are relatively new in the home construction field, two new surveys show.
MainStreet.com looked at new information from the National Association of Homebuilders and Better Homes and Gardens Real Estate to find that homebuyers looking to spend $500,000 or more on a home are looking at a couple of small items and a couple of major home structural upgrades for their new domicile.
According to the NAHB, 42 percent of new homebuyers are asking for a warming drawer in their kitchen. That is an enclosed low-heat drawer that can keep meals warm and ready to serve, which works well in the constant movement of a modern family home.
After the warming drawer, the next luxury feature in the NAHB survey was a two-story family room. Thirty-two percent listed a multi-level family space as “desirable” or “essential” while 29 percent said they would not want a two-story family room.
According to Better Homes and Gardens Real Estate, homebuyers are much more interested in “smart’’ homes than they are in creature comforts, and “smart’’ technology is pushing out “green’’ features among the affluent buyer. In the BHG survey, 87 percent of luxury home buyers said they would not accept a home that was not built for today and tomorrow’s technology.
Asked whether a “smart” home or a “green” home was most important, 66 percent chose “smart” in the BHG survey.
Almost half of all luxury homebuyers want a place to put their guests, according to BHG. Forty-seven percent said they would not buy a property without a guesthouse.
Another luxury item that is desired sits outside the house. Fifty-three percent of luxury homebuyers want a “garden oasis” with flowing water, and 50 percent want an outdoor fireplace somewhere nearby, the BHG study reported.
Kent McDill is a staff writer for Millionaire Corner. McDill spent 30 years as a sports writer, working for United Press International and the Daily Herald of Arlington Heights, Ill. From 1988-1999, he covered the Chicago Bulls for the Daily Herald, traveling with them every day through the nine-month season. He also covered the Bulls for UPI from 1985-88, and currently covers the team for www.nba.com. He has written two books on the Bulls, including the new title “100 Things Bulls Fans Should Know And Do Before They Die’, published by Triumph Books. In August 2013, his new book “100 Things Bears Fans Should Know And Do Before They Die” gets published.
In 2008, he resigned from the Herald and became a freelance writer. The Herald hired him to write business features and speeches for the Daily Herald Business Conferences and Awards presentations.
McDill also writes a monthly parenting column for the Herald’s Suburban Parent magazine.
McDill is the father of four children, and an active fan of soccer, Jimmy Buffett and all things Disney.