It is always interesting to me how adaptable the home building market is. Whether it’s in Greenwich or Palm Springs, this is an industry that’s constantly evolving. Building materials, finishes, appliances, technology, décor, and the way that we interact with our homes are always in a state of flux. Although some of the fundamental portions of the home have not changed in my 30 years, today’s luxury properties have a variety of differences from homes that we built in the early 1980s.
So what are people looking for these days when they build or buy a luxury home? Realtor.com conducted a study in April of the top luxury home amenities that people are seeking. They sync up pretty well with what we’re seeing in the market today. The top two items that homeowners want the most are a chef’s kitchen and views of water, cityscapes, or mountains. Forty-four percent of voters noted these amenities as priorities, making them highly sought after. The survey also found that square footage and a large master suite are very important.
Top-of-the-line, gourmet kitchens are a fairly standard request from our clients. These kitchens typically include professional-style gas ranges, ample prep and workspace, dual ovens, large islands, and large sinks. And because the kitchen today is a place for congregating, homeowners often look for counter seating within the kitchen space.
Given that Fairfield County towns such as Greenwich, Westport, and Fairfield are on the shore, we certainly see our share of waterfront demand. And we’ve built several properties on the water. These types of lots are hard to come by, and often require teardown and/or special engineering and building. Despite these obstacles, homeowners with the resources are often willing to take the extra steps to get them. The topography of Fairfield County and density of the population does not typically lend itself to sweeping mountain views, and of course we are not in an area with cityscapes. That said, properties that do provide views are highly desirable.
According to the Realtor.com survey, 40 percent of homebuyers say that the biggest challenge when searching for a luxury home is finding a property that meets the needs of their family. This makes the case for building new or renovating an existing property. When doing so, you’ll have the flexibility to design your chef’s kitchen and master suite exactly to your liking.
Kelly M. Wright
Wright Building Company