Posted 11.15.13 @ 11:0 by: Staff

Let’s face it, when it comes to luxury homes there’s a bit of an “umami” factor. Wealthy homebuyers in particular value prized locations – just as much as they do the square footage of a home or condo, how many bathrooms and bedrooms they have, and even how much roof terrace and patio space is available.

But for the most part, it’s a bit like star quality, it’s hard to figure out what wealthy homebuyers are looking for. You can’t change your home’s location, but you can improve it… right? But what do you improve?

Instead of doing yet another list of things you can improve, we’re going to do it differently this time. It might be hard to figure out what buyers what, but luckily for us, it’s easy to know what they DON’T want.

Everything but the Kitchen Sink

A kitchen or bathroom renovation can increase its attractiveness to buyers, especially in the luxury market – but it’s important to be very careful about how you do it. Stainless steel appliances were huge just a year ago, but now more and more people are focused on marble flooring in the bathroom.

When it comes to trends in these two important areas of the home, you’ll want to work with a design consultant that can help you breathe new life into your home; you’ll also want to make sure it’s on trend for what buyers want now.

Don’t be afraid to look at listings in your area to see what people are offering for clues – but make sure you work with the consultant – they’ll be able to help you focus on the right features to maximize the value of the space.

In Hot Water

Never expect to recoup the cost of water elements added to your home. Ponds, glimmering swimming pools, hot tubs and other water elements can be a detriment, not a selling point. Many wealthy homebuyers see the cost of maintaining the property instead of the hours of enjoyment that they’ll get out of it.

If your home doesn’t have water elements like these, leave it alone. If they do, you may have a harder time selling them. The good news is that ponds are trending in luxury home listings, so if you have this water element on your property it might help you sell!

Landscaping Gone Wrong

Landscaping can draw the eye and interest to your luxury home for sale – if done right. If it’s done wrong, you’re going to have a heck of a time selling your home.

Decorative landscaping is seen as an investment when a home gets listed, but like many other cosmetic improvements, it probably isn’t going to add any value to your home. Mature trees will give you more bang for your buck, while lush verdant landscaping should be considered, like most water elements, something that you’ll enjoy and probably not receive a return from.

Thinking about selling your Oakville luxury real estate but don’t know where to start? Would you like to know what you could do to attract the right buyers? Contact us! We’re the Goodale Miller Team and we know Oakville luxury homes; call us or email us today and see the difference we can make for you.

To view our great listings of luxury real estate in Oakville, visit: http://www.goodalemillerteam.com/Homes.aspx

Pertinent and insightful information on Oakville real estate as well as commentary on current events in our community.