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Luxury Real Estate Market Trends

Posted on: July 24, 2020

Luxury Real Estate Market In South Florida

In our fast-paced world, the luxury real estate sector is changing every single day. There have been a few reliable trends over the years, but in order to be successful, you have to stay up to date on the market. As of 2020, we’re seeing more and more luxury homebuyers request minimal and eco-friendly features, just to name a few. If you’re considering buying or selling a luxury property, keep these market trends in mind. 

Lots of Space

In the past, it was common for homes to be smaller, more cramped, and full of things. However, today’s market has moved far away from this concept. People are searching for more space, whether that be through more square footage or an open floor plan. Often, homebuyers are also searching for a more minimal space, something to keep in mind if you’re staging a luxury home. In this case, less is definitely more.

Technology

Luxury homebuyers want to keep up with the latest trends in all sectors, including technology. A couple of decades ago, the idea of a “smart house” was far-fetched, but today, it’s insanely desirable. Little features like video doorbells and automated thermostats can add that desirable touch and make your buyer’s everyday life as easy as possible. The more appliances you can control from your smartphone, the better!

Sustainability

The modern audience is caring about the environment more and more with every purchase, and a luxury home is no different. If your home has (or has the potential for) solar panels or wind power, this can be a huge advantage. Other eco-friendly features could include reclaimed or recycled materials throughout the home and sustainable utility solutions. Using lots of plants in your staging doesn’t hurt, either!

When you can follow the trends and capitalize on them in your own space, you highly increase your chances of selling in the time frame and the price that you want. To make the process even easier, consider hiring a luxury real estate attorney to take on some of the headache for you. 

Contact A Veteran South Florida Luxury Real Estate Attorney

Mark Schecter has been a South Florida luxury real estate lawyer for decades and has countless satisfied clients under his belt. Mark can help you navigate the complex paperwork and sell your home for what it’s truly worth. Contact Schecter Law today to discover how we can help you sell your luxury home!