The Luxury Buyer’s Most Desired Features and Biggest Challenges

by Peter Thomas Ricci

What features do luxury homebuyers desire the most in their homes? And what are some of their biggest challenges in the homebuying process? Chicago Agent consulted a new study from realtor.com, which polled more than 1,500 consumers on their preferences and frustrations, and collected the results below.

The 5 Residential Desires of the Luxury Homebuyer

• 62% of Homebuyers Want a Strong Re-Sale Value

• 54% Want a Chef’s Kitchen

• 44% Want Views of Ocean/Mountains/Cityscape

• 38% Care About the Home’s Square Footage

• 36% Want an Expansive Master Suite

The 4 Biggest Challenges Facing Luxury Homebuyers Today

•40% Say Finding the Right Property

•20% Say Low Inventory

•11% Say Homes Without Universal Appeal*

•8% Say Tight Lending Standards

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