Conservatory Craftsmen As the housing market continues to boom, luxury properties have become increasingly valuable investments. With their high-end amenities and stylish designs, these homes offer a premium experience buyers are willing to pay for. Although luxury real estate has declined by more than 30% during the past decade, current trends suggest that luxury home prices will increase in 2023. Many factors contribute to this expected growth, such as the soaring demand for higher-end housing and low interest rates. Experts suggest that the rising popularity of luxury homes could be attributed to the increasing number of affluent buyers who want a high-end living experience. With this, luxury real estate owners looking to sell their properties must be prepared to meet the demands of these customers. Luxury homes must include features that are appealing to the growing affluent market. Buyers are more likely to invest in luxury properties if the home is completely furnished and ready for occupancy. All appliances, furniture, and other necessary items are already included in the purchase price. Many high-end buyers don't have the time to shop for furniture and appliances, so having a home already fully furnished is a huge plus. Additionally, home staging can make a massive difference in helping buyers visualize the potential of luxury homes, resulting in about 52% faster sales. Complete Furnishings High-end buyers are also attracted to properties that feature amenities such as heated pools, spas, and home gyms. These features create an environment of relaxation, which is highly sought after in luxury properties. Even garden conservatories where buyers can relax and entertain guests are a great selling point for luxury homes. They also add to the home's aesthetics and increase its value by around 10%. Relaxation Amenities The latest luxury properties have become more tech-savvy and automated, giving homeowners remote access to their home systems. Buyers are looking for homes that offer this technology, such as automatic lighting and temperature control, security systems, and home entertainment. This type of innovative home technology adds a layer of convenience to the home. It can also bring the seller's ROI to about 50% of their smart home investments. Even with the current market conditions, luxury properties are still in high demand. With their growing appeal and the right amenities, these homes can increase in value by 2023. Homeowners looking to sell luxury properties should focus on complete furnishings, relaxation amenities, and smart home technology. Doing so can maximize their ROI and attract more affluent buyers. With the right investments, luxury real estate could become one of the most profitable investments in 2023. Smart Home Technology ht tps: / /www.mansiongloba l .com/ar t ic les /u -s - luxury-home- sa les- record-b iggest -dec l ine- in -a t - least -a -decade- 01672250601 ht tps: / /www. forbes .com/s i tes /d imawi l l iams/2020 /02 /24 /here - is -what - luxury- rea l -es ta te -buyers-want - in - the i r -homes/? sh=67c0827049a9 ht tps: / /www.rubyhome.com/b log /home-stag ing-s ta ts / h t tps: / /conservatorycra f tsmen.com/ ht tps: / /www.pa lmparad iserea lesta te .com/b log /h igh- ro i - home-upgrades / Sources :