There have been many shifts in real estate for the year 2017. Increase in home prices, a lack in the labor force, home stress creeping into the minds of many middle class people and so on are some of the trends seen in real estate for 2017. Now, there are some trends specifically relevant to the luxury real estate sphere. In this article, Dc Fawcett reviews emerging trends in luxury real estate for 2017.
The United States Federal reserve has raised the interest rates since they have predicted betterment in the economy of the United States. This will surely impact the luxury real estate market with heavier monthly mortgage payments. Payments for luxury real estate properties are already heavy and this will further add to their massiveness.
Luxury home buyers want perfect homes
Non-luxury home buyers just want the major fixes to be done. For instance: they will want a non-leaky tap, well kept windows and a non cluttered front yard. Luxury home buyers have more expectations with respect to the “perfect home” standard. There are many advantages in hiring a custom home builder.For instance: luxury home buyers may want a specific design for their potential homes. They may want the hall and the dining to be in the ground floor and rooms to be in the first floor. Thus, basically, luxury real estate home buyers will want every aspect of the prospective home to be perfect. There will a rise in this trend for 2017 and beyond.
Color trends for 2017 include
Green: Green is an attractive color and it can be added to the interiors of a luxury home. It will become the color trend for luxury home interiors in 2017
Earth colors: earthy colors can be added to walls and will contrast well with the green interiors.
Lapis blue: Lapis blue will feature majorly in furniture cushions and club chairs
- Other colors are some super concentrated shades like flame oranges. These colors can be added to the ceilings and are highly noticeable.
Colors for luxury homes should be extremely pleasing yet alluring. This color trend will reflect in 2017.
Exclusive rooms for dogs
This trend has been seen surfacing in luxury homes and will continue for 2017 and later on. Pets need separate rooms. They can be bathed and cleaned there. When there are guests, pets can be kept in these parlors to avoid the disturbance generated from their anxious barks. Heating facilities, showers, dog beds and other crucial amenities for pets are sure to be included in these rooms.
More luxury homes to be purchased
More luxury homes are being purchased in the early part of this year since mortgage rates are expected to increase as 2017 progresses.Beach houses or water front property is becoming famous.
Construction costs increase and home prices too
Builders are required to pay more to laborers due to a scarcity and thus the luxury home prices increase.
These are some of the emerging trends in luxury real estate for 2017 and beyond as reviewed by Dc Fawcett. Real estate professionals must upgrade their knowledge about luxury real estate and face what is in store for them with ease.