5 items Boston luxury condo buyers are looking for in a home
Boston Luxury Condo for Sale Search 2022
The Boston luxury condo market is booming and developers are scrambling to keep up with demand. According to the latest data, sales of Boston high-rise condos is on the rise, while the overall housing market is seeing a slowdown.
As more Boston luxury buyers are drawn to the maintenance-free lifestyle and amenities that condos offer, this trend is projected to continue. If you’re looking for a new condo in a desirable location such as Beacon Hill, Back Bay and Seaport District or anywhere in downtown Boston, read on to learn more about the state of the condo real estate market in 2022.
WHAT ARE THE EXPECTED TRENDS IN THE CONDO REAL ESTATE MARKET?
If you’re thinking about buying a condo in the near future, here are a few trends to keep an eye on.
1. Demand for high-end finishes
As prices for Boston high-rise condos continue to rise, buyers are increasingly demanding luxurious features and finishes. Included are things such as gourmet kitchens with stainless steel appliances and custom cabinetry, hardwood floors, and spa-like bathrooms.
2. More amenities
Boston condo luxury developers are also responding to the increased demand for condo living by offering more amenities, such as concierge services, gyms, rooftop decks, and pools. These added perks make condos even more attractive to buyers who want all the comforts of a single-family home without the hassle of maintaining it.
3. Smaller units
As land prices continue to climb in downtown Boston, developers are building smaller units in order to maximize profits. This trend is especially prevalent in major cities like Boston, where space is at a premium.
While some luxury condo buyers might be turned off by the idea of living in a cramped space, others see it as an opportunity to downsize and simplify their lives. If you’re considering a smaller unit, be sure to visit the property first to make sure it feels comfortable and spacious enough for your needs.
4. More pet-friendly buildings
As more people are choosing to live alone or without children, there’s been an increase in demand for pet-friendly Boston luxury condos. Many developments now offer amenities like dog-walking services and on-site pet care, making it easier for owners to keep their furry friends happy and healthy.
5. Greater access to public transportation
Another trend that’s becoming more popular among Boston luxury condo buyers is the desire for greater access to public transportation. This is especially true in large cities, where buying a car is often impractical or too expensive.
If public transportation is important to you, be sure to check out the location of any condo buildings you’re interested in. You’ll also want to make sure that the building has adequate parking for those times when you need to use a car.
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Selling a Boston luxury condo home is a completely different experience than trying to sell in the budget real estate market. The buyers who are willing to pay top dollar for extra luxuries normally have different priorities. Most Boston luxury high rise buyers are especially interested in these 5 qualities.
1. Exotic Materials
Boston luxury condo buyers don’t simply want stylish homes. They also appreciate knowing the home is made from rare or unusual items. Current real estate trends are leaning toward sustainable options, so many buyers are drawn to homes with reclaimed materials. Historic details like beautiful antique windows or wood beams from an old church are particularly prized.
2. Open Floor Plans
When buyers are looking for luxury, the word “spacious” is frequently used, but this does not just refer to square footage. Buyers want to feel like their home is open and airy, so there is a huge interest in features like two story entryways.
3. Tricked Out Kitchens
The kitchen is often called the heart of the home, and luxury property buyers want the very best in their kitchens. Added touches like wine refrigerators and walk in pantries can be a huge draw. A luxury property will likely sell better if it has a massive, commercial-grade kitchen with top of the line appliances.
4. Incredible Location
Even the most elaborate property may have trouble selling if it is in a rough neighborhood. Wealthier buyers normally prefer buildings that are right in the middle of bustling areas. Having a soaring view of the city skyline and convenient access to shops and restaurants is appealing to most luxury property buyers.
5. Incredible Bathrooms
Luxury property buyers want a home that will pamper and relax them. A massive tub that buyers can picture themselves sinking into after a long day is an absolute must. Even the little touches like rainfall shower heads, recessed lighting, and heated floors can be a deciding factor in a sale.
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Boston luxury condos for sale updated 2022