Published October 28, 2024
7 Luxury Real Estate Trends to Watch, Even If You Can't Afford it
We can't all afford a luxury home, but we can dream, can't we? A recent article in U.S. News and World Report highlighted the trends that are attracting high-end buyers these days. Here's a breakdown of the latest trends shaping luxury properties:
Focus on Wellness
Luxury homeowners are investing in outdoor spaces designed for relaxation and well-being, with features like outdoor kitchens, water fountains, and custom gyms or yoga spaces. Cold plunge pools and infrared saunas are also becoming increasingly popular as wellness takes center stage in home design.
Entertainment Beyond the Pool
Pools remain a staple of luxury homes, but now they’re being complemented by outdoor kitchens, bars, and fire pits to create comprehensive entertainment hubs.
Fire Pits and Fireplaces
Custom fire pits and outdoor fireplaces are in demand, offering both aesthetic appeal and the ability to enjoy outdoor spaces year-round.
Privacy and Security
Privacy is a top priority for luxury buyers, with many seeking homes in gated communities or waterfront properties with private docks for added exclusivity and security.
Curb Appeal
High-end curb appeal is crucial, with buyers looking for homes featuring upscale landscaping, outdoor lighting, and durable paver driveways that maintain their look for decades.
Advanced At-Home Entertainment
Luxury homeowners want fully equipped recreation spaces, from home theaters and gyms to custom rooms for specific hobbies like wine rooms, basketball courts, and even pickleball courts.
Utility and Function
Functionality is key, with multiple laundry rooms, butler's pantries, and dedicated home offices becoming essential for work-from-home executives and large families.
