What the Super Rich are Looking for When They Buy Property
Jun 25, 2024
If you're a luxury property seller, understanding what ultra-high-net-worth buyers prioritise can help you showcase your home's most profitable features. The super-rich have very specific needs and desires when it comes to premium real estate - failing to highlight the amenities they crave could mean leaving serious money on the table. So what exactly are the wealthy looking for?
1. Ample Storage Space for Collections
The super-rich have a penchant for acquiring precious collections of artwork, wine, wardrobe, and more - so ample storage to properly house these possessions is key. Research shows that 92% of luxury buyers want better storage solutions.
- Wine cellars or climate-controlled wine rooms with ample racking are must-have amenities for storing prized vintages.
- Walk-in wardrobes with built-in closet systems, lighting, and amenities are coveted for housing luxury wardrobe collections.
- Refrigerated pantries and drawers are desirable for keeping produce, ingredients, and meals fresh.
- Garage spaces that can accommodate coveted automobile collections in addition to everyday vehicles.
2. Customised Spaces for Pursuits & Hobbies
Their affluent lifestyles afford the opportunity to indulge in a wide variety of interests and hobbies. As such, customised spaces that can accommodate pursuits like growing food, working out, entertaining, and more are in high demand.
- 76% want homes with gardening areas suitable for growing their fruits, vegetables, and herbs.
- Flexible multi-purpose rooms allow for dedicated spaces like home offices, gyms, game rooms, etc.
- In-home amenities like pools, theatres, and art studios cater to specific interests and lifestyles.
3. Privacy & Security
With their high-profile status and valuable assets, ensuring privacy and tight security is a top priority. Gated communities, advanced surveillance, and separate guest/staff quarters provide the seclusion and safety they require.
- Gated communities and private roads restrict access and provide utmost seclusion.
- Smart security systems with surveillance, sensors, and monitoring integrate discretion.
- Separate guest houses, staff quarters, and accessory spaces ensure privacy.
4. Luxurious Materiality
For the ultra-wealthy, cost is no object - they expect their properties to be appointed with only the finest, most luxurious materials and architectural details as a mark of true opulence.
- Using precious stones, rare woods, marble, and other opulent materials elevates luxury.
- Ornate millwork like coffered ceilings, wainscoting, and archways add architectural prestige.
- Integrate smart tech like lighting, climate, and AV control for the pinnacle of modern convenience.
In the luxury real estate realm, adequately presenting a home's storage capabilities and custom amenities for an opulent lifestyle isn't just a nice-to-have - it's a necessity for capturing a buyer's attention and maximising your potential profits. With the right promotional approach highlighting these priorities, you can attract premium offers from those seeking their ultimate dream living experience. If you are a luxury property seller, you cannot miss the opportunity to advertise to the global market with exposure to the ultra-wealthy and elite. List with estateagentpower.com and make the most of your luxury property sale.
