COVID-19 has changed the landscape of many aspects of our lives, including how we think about real estate. This month's blog post is short and to the point. How is COVID affecting the luxury real estate market.
Check Out the 4 Most In-Demand COVID-19 Luxury Real Estate Trends:
1. Multi-Purpose Sanctuary
Buyers want space to exercise, and not just on a Peloton bike in the bedroom but in a light-filled room. They want a dedicated home office, and probably two, with good lighting and an elegant backdrop for a Zoom call.
2. Moving to the Suburbs Buyers are cutting ties with the cities where they work, looking for more space and privacy in the suburbs, the country, and second-home destinations like South Lake Tahoe, Palm Beach, Hawaii, and the Hamptons.
3. Second Home, Primary Destination Many homeowners are adding upgrades more typical of a primary residence, like more storage and expanded kitchen pantries. Those who didn't own a second home before the pandemic are looking to buy one now.
4. Outdoor Luxury Homeowners want those spaces to be welcoming with pools cabanas, and outdoor living rooms with features like a fireplace, a television, a bathroom, and a kitchen with a pizza oven.
Ready to make the move to Fort Lauderdale - where there's a perfect balance of outdoor living and urban fun? Let's have a chat!