What Luxury Home Buyers Want: Double Vanities, Kitchen Islands Most Wanted Amenities, Redfin Agent Survey Finds

June 18, 2024 – 8:30 a.m.

More than half of luxury home buyers are unlikely to make an offer on a home with an outdated kitchen

Seattle–(BUSINESS WIRE)–(NASDAQ: RDFN) — More than four in five people (86%) Luxury home buyers cited double vanities as a must-have when searching for a home, making them the most desired kitchen and bathroom feature among luxury home buyers this year. Next in line were kitchen islands and granite or quartz countertops. 85% When luxury buyers ask their agents about each, they are met with comments like, “Walk-in pantry (83%).

This is according to a survey commissioned by Redfin, a tech-enabled real estate brokerage. Approximately 300 Redfin Premier agents responded to the survey, which was conducted by Qualtrics in April-May 2024. The relevant question was, “How common is it for luxury home buyers to request each of the following bathroom/kitchen amenities?” For the purposes of this release, Redfin included responses in which it deemed each feature to be “very common.”

“Luxury home buyers want to fall in love with their future home and are often making emotional decisions because they have the financial means,” says Andrew Rottner, a Redfin Premier Agent. Denver“Luxury home buyers are looking for all the features of a custom-built home built in an established, coveted neighborhood – a home where buyers can envision themselves cooking in the kitchen and entertaining in the indoor/outdoor living space even before they even tour the home.”

Open floor plans are one of the most desirable housing trends overall

Zoom out to see the whole house. 83% Ten percent of real estate agents said open-concept floor plans are appealing to luxury home buyers and are the most appealing housing trend among homebuyers this spring.

Granite countertops were the only trend rated as “highly desirable” by a majority of agents. Some once-popular trends, such as sliding barn doors and shiplap, seem to have fallen out of fashion. 8% Each of the agents rated these features as “highly desirable” for a buyer.

The key question was: “How attractive is each of these housing trends to buyers?”

Outdated kitchens are the biggest turn-off for luxury home buyers

More than half (54%) home buyers would not apply for a luxury home if the kitchen was outdated. In other words, an outdated kitchen is the biggest negative factor for buyers, followed by a lack of aesthetic appeal.48%), outdated bathroom (44%), popcorn ceiling (40%).

This comes at a time when monthly mortgage payments are approaching record highs, making it difficult for some buyers to come up with the cash for renovations.

The survey asked the agent if the buyer would ultimately do not have Making an offer on a home after noticing certain features of the homes you tour can help the home seller understand the most important updates to make before selling.

Landscaping is the most sought-after outdoor facility

Nearly 7 out of 10 people (69%) Luxury home buyers say landscaping is a must-have feature, followed by indoor/outdoor living space (58%Still, buyers seem less likely to rank outdoor features as must-haves compared to kitchen and bathroom amenities.

More than half of homebuyers say that climate-friendly, energy-efficient features like solar-powered lighting, solar panels and drought-resistant landscaping are not a priority when it comes to their backyard.

About Redfin

Redfin (www.redfin.com) is a technology-driven real estate company. Through brokerage, rentals, financing, title insurance and remodeling services, we help people find a place to live. We operate the number one real estate brokerage site in the country. Our clients save thousands in commission while working with top agents. Homebuyers see homes first with on-demand tours and close faster with financing and title services. Homesellers let our remodeling team fix up their home so they can sell for top dollar. Our rental business helps millions of people across the country find apartments and homes to rent. Since our founding in 2006, we have saved our clients over 1 million euros. $1.6 billion Commission. We serve over 100 markets worldwide. we and Canada It employs more than 4,000 people.

Redfin's subsidiaries and affiliated brands include Bay Equity Home Loans®, Rent.™, Apartment Guide®, Title Forward® and WalkScore®.

For more information or to contact a local Redfin Realtor, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin's press release distribution list, email press@redfin.com. Click here to view Redfin's Press Center.

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Source: Redfin