If you’re selling your luxury or high-end home, you may
survey your listing and see a lot of amenities that you think are attractive to
buyers. But in reality, there is a long and distinct list of features that are
trending down with luxury buyers, and may be seen as a negative, no matter what
you paid for them. Some of these amenities have simply gone out of style, some
are impractical and rarely used, and some just waste valuable money – and
space. Since it’s important to always take the temperature of buyers in order
to maximize profit on your sale, here are some amenities that currently may be
overrated or not pay dividends in luxury homes:
Wine cellars with
elaborate tasting room:
In the past couple of decades, there has been a huge uptick
in high-end homeowners that wanted to enjoy their love of wine with their own
custom wine cellar. Many even had large and elaborate wine tasting rooms. But
while people still love wine, most of those tasting rooms were rarely used and
inordinately expensive, and that trend is starting to fade.
High-end industrial
stove:
Homeowners still want large and luxurious kitchens more than
anything else on their wish list, but research shows that a professional or
industrial range or stove in the kitchen is overkill. Many of these units cost
an average of $10,000, require specialty utilities, and are actually not as fun
as they may seem for simple family cooking.
Chef’s kitchen:
The same goes for industrial/chef’s kitchens. They are
somewhat paradoxical because luxury buyers still see them as a desirable
amenity and they may help you sell your home, but surveys show that people
don’t feel the same way once they live in the home and use the kitchen every
day, and they are vastly underutilized. Luxury
homeowners still want beautiful kitchens with top-end appliances, but they
actually use those intended for the home, not restaurants.
Warming drawer:
Intended to keep food at serving temperature during parties,
functions, and several-course dinners, in reality warming drawers are hardly
ever used.
Pot filler:
Another restaurant-like feature, some kitchens in luxury
homes have a swiveling water spigot right by the stove, so large pots don’t
need to be lugged to and from the sink. That’s rarely a problem for normal
residential homes, making this a superfluous feature for luxury homes.
Whirlpool tub with
jets:
Most people have the fantasy of soaking for hours in
complete relaxation in a huge spa tub in their home’s master bath, and it is an
attractive selling point to home shoppers, but the reality is that whirlpool
tubs with jets require more maintenance and clog with fast-growing germs and
bacteria. Conversely, it’s becoming more popular for luxury homes to have
ornate walk-in showers with multiple heads, and simple soaking tubs, often in
copper or replicating antique models.
Sitting areas in
walk-in closets:
Buyers still want spacious walk-in closets that are well lit
and organized, but the trend of large sitting areas in the middle of walk-in
closets seems to be passé. Instead, luxury homebuyers prefer His and Her
walk-in closets.
Hot tub:
Some people use their hot tub religiously, but the vast
majority only go near it when it needs cleaning, chemicals and maintenance (or
pay someone to do it!) so hot tubs are becoming far less popular.
Huge, ornate swimming
pool:
Swimming pools are still a commodity among buyers shopping
for a luxury home, but instead of garish and large pools of yesteryear, they
are now trending towards simple, rectangular, and modern minimalist.
Cathedral ceiling
over family room:
High ceilings are highly valued in luxury homes, but only to
a point, and the days of cavernous Cathedral ceilings over family rooms and
entryways are numbered.
Sunroom:
Sunrooms are only
prevalent in luxury homes in cold weather climates, but luxury homeowners in
California and other warm places will almost never use them, and could use the
square footage to expand their kitchen, family room, or great room.
Outdoor fireplace:
Outdoor amenities
like kitchens, living areas, and grand built-in barbecues saw their stock rise
precipitously over the last decades, but some of those amenities are starting
to slow. Especially in warmer climates, outdoor fireplaces just aren’t used a
lot, or homeowners are opting for smaller/portable and less expensive fire
pits.
Wood kitchen
cabinets:
Wood finished cabinets are considered extremely outdated,
with white, gray, black modern cabinets the newest hot look, some with faux
natural patterns and often purposely mismatching with other elements to
highlight secondary and tertiary colors.
Traditional metal
fixtures:
In luxury homes, silver or nickel door handles, pulls and
other hardware are being updated with brass.
Granite counter tops:
In luxury homes, kitchen counters constructed in laminate or
tile were unheard of, almost like hanging fuzzy dice on the rearview mirror or
a Rolls Royce. Granite countertops were largely standard issue in luxury homes,
but now granite is becoming the new tile, and high-end buyers are looking for
exciting new countertop materials like quartz, sandstone, concrete, and even
composite glass, recycled materials, and natural wood.
Here are some other
amenities that are trending down in luxury homes, with the percent drop in
popularity this year compared to last:
Outdoor built-in barbecues
- 16%
Hardwood floors -13%
Plantation shutters
-13%
Covered patios -11%
Lush landscaping -9%
Custom cabinets -9%
Fireplaces -9%
Double sinks -8%
Stainless steel appliances
-7%
Pool -7%
Gated communities
-6%
Center island in kitchen
-6%
Bonus room -6%
Granite countertops
-5%
Formal dining room
-4%
Formal living room -4%
Surround sound and tech systems -4%
Large master suite
-3%
Gourmet kitchen -3%
Breakfast nook -3%
not outside, but arranged in such a way that all Italian kitchen worries turn into pleasure. Is it worth mentioning that all the sophisticated furniture made in the legendary area of Brianza. arizona granite countertops
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