Opinions expressed by Digital Journal contributors are their own. The question of what the wealthy really want from their properties is on the rise. In an age of opulence and abundance, finding new living concepts that beat out the old ones is becoming progressively more challenging.
Everything feels like it’s been done already. But there are still architects and designers looking to push the frontier. The demand for incredible properties from wealthy individuals isn’t going away, and anyone who can come up with something new is likely to win in the marketplace.
“Luxury property interests us immensely,” says online brokerage Mortgage Quote. “It’s one of the most fascinating parts of the market because budget constraints aren’t so much of an issue. You get to see what people do if money isn’t an object of concern.
” The question, of course, is what the wealthy really want from their properties. Space is one obvious feature they’re looking for, but it’s not the only one. They want to bring all sorts of other elements into the fold.
Top of the list of priorities is location. Wealthy individuals are looking for properties in up-and-coming places, and areas where they can network more effectively. Being out on a limb makes it more challenging to go to social events and occasions.
“The focus on location is one of the reasons why the luxury property market is so interesting,” Mortgage Quote explains. “Where’s desirable is always shifting, and therefore, .
