The Amenities Rich Americans Want Most In Their Mansions

Posted by Business Insider

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“Open floor plans” is the newest buzz phrase for wealthy real estate buyers.

new survey from real estate franchise Coldwell Banker Previews International and research firm Luxury Institute asked 300 Americans with an annual income of more than $250,000 about their real estate shopping habits. 

In response to a question about the most important residential amenities, 39% said a home with an open floor plan was more important to them than it was three years ago, and 32% said a fully automated home that they could control via remote or voice activation was more important.

Of less importance to today’s wealthy buyers were tennis courts, safe rooms , and multiple garages:

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Here are a few other interesting points from the study:


  • Thirty-eight percent of those surveyed own two or more homes. Only 6% own another home outside of the U.S.

  • The average purchase price for wealthy consumers’ most recent residential property was $1.6 million.

  • The most important factor when purchasing a home was by far its location, with 70% of respondents saying it was the most important factor in their last real estate purchase.

  • Younger buyers are driving the luxury real estate market: Forty-three percent of Americans aged 21 to 55 with a household income of $250,000 are considering another residential property in the next year, and spent almost twice the amount on homes than those aged 55+ ($2.1 million compared to $1.1 million).


Check out the full study here.