Those buyers who seek that special and exclusive property are prepared to pay top dollar. They want to know the details of a house as well as the story behind the property, so says a new survey released Tuesday by Better Homes and Gardens Real Estate.
“They want insight into neighborhood lifestyle, advanced new listing notices, advice on housing trends and support on a personal level,” explains a release from the realty company.
Above is clearly an example of a luxury property. It is named Linden Farm and sits at the end of a circular entrance at 34 Boutonville Rd., in Cross River. The listing description says it is “reminiscent of great estates of Europe.” And with its 60 acres, a stable and paddock, and an ivy-clad manor house built in 1929 it just be the right house for a buyer willing to spend $22 million.
Better Homes and Gardens CEO Sherry Chris spoke on the topic of luxury housing with Fox Business anchor Cheryl Casone.
Here are some highlights from the Better Homes and Gardens survey:
- 93% believe that their home is the best house on their block, since they invest so much into making their home fit their needs and reflect who they are
- 87% would not consider living in a home that isn’t tech-friendly
- 75% believe homeownership is a better investment than the stock market
- 66% surveyed said a “smart” home is more important to them than a “green” home
- 60% surveyed would rather have aesthetic home upgrades rather than more square footage
- 58% already own multiple homes to support lifestyle activities
- 57% believe homeownership is a bigger indicator of success than their job or title