Despite economic uncertainty, higher interest rates and changing requirements of the home buyer, the luxury property market stayed strong last year, according to the recently published 2024 in the review luxury market report by Re/Max and the Institute for Luxury Home Marketing.
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In addition to looking back at the market of the previous year, the report also has predictions for the top technological and design trends that luxury buyers want this year. Here you will find a look at the luxury house upgrades, which are most urgently asked in the course of 2025.
Smart Home Technology
Having a high-tech house is a must for many luxury buyers.
“Depending on the ability and lightness with technology, many luxury buyers want as many frills as possible, including the latest home technology,” said Steven Gottlieb, an agent at Coldwell Banker Warburg. “This includes speech recognition and the latest sound systems in home.”
Buyers in particular want high-tech upgrades in kitchens and bathrooms.
“This includes first-class kitchen appliances with smart home technology,” said Gottlieb. “In the bathroom, many luxury buyers install high -functional toilets with bidet functions and heated seats.”
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AI integration
Artificial intelligence is always productive and luxury buyers want this technology to be integrated into their houses.
“A large part of the AI integration buyers in the luxury sector deals with certainty and energy efficiency,” said Parisa Afkhami, an agent at Coldwell Banker Warburg. “Security includes security – surveillance activities such as visitors – and the automation of lights. To efficiency about efficiency, AI is effective in terms of energy and thermostat control and automation of lighting as well as fire prevention.”
Sustainability characteristics
According to the report, “buyers will prefer energy-efficient designs, net zero emissions and real estate that are certified for environmentally friendly building practices that focus on environmental impacts such as fire and flooding.”
“Luxury buyers are looking for solar collectors to increase energy efficiency and lower energy costs. Improved insulation with natural, non -toxic materials; three -monsters to keep and cold and act as a sound barrier; non -toxic colors and floors as well as salt water pools,” said Afkhami.
Exclusivity and personalization
A biscuit failure will not do for a luxury buyer. According to the report, “exclusivity in architectural design and personalization will be of crucial importance”.
“People with a high network are often proud of exclusivity, be it art, jewelry, cars, wine or real estate,” said Gottlieb. “Many of the wealthiest among us want a” unicorn property “that is out there like nothing else and is probably tailored and personalized to the habits and lifestyle of the owner.”
The rarer the real estate type, the more luxury buyers it wants.
“For this reason, the sea, houses with extraordinary views or those in coveted districts or closed communities can generally be the highest prices – there is a limited number of them,” said Gottlieb. “It's not so easy to build more coast for a beach house.”
Adding personalized details on rare houses is considered a creme de la creme for a luxury buyer.
“If there is the possibility to build or renovate an exclusive property in order to make it even more tailor -made and personalized, this can increase the value of the owner,” said Gottlieb.
However, sellers should not go to extremes if they make things unique.
“Make sure that if a renovation or build is personalized so that everyone else cannot wrap their head around them,” said Gottlieb.
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This article originally appeared on Gobankingrates.com: 4 Home -upgrades Luxury buyers want most in 2025, according to Re/Max