Popular Features of Executive Homes

When people contact a Grand Rapids real estate agent looking for an executive home, there are usually certain features that are top of mind. It’s interesting to see how those features differ from person to person, and also how they have changed over time. Some of yesterday’s trendy must-have features may be on most buyers’ “do not want” list now.

Executive homes trends drive the rest of the market to some extent. Remember when granite counter tops were only found in the most elegant homes? Somewhere along the line they became a common and almost expected kitchen upgrade.

Below are some of the features that are currently likely to be on executive home buyers’ “must have” or the “highly desired” features lists:

1. A great view . Whether it’s a lake, river, hills, trees, or cityscape, a great unobstructed view has long been an important selling feature for any executive home.
2. Outdoor kitchen . While it’s not on every buyer’s list, more and more people are dining and entertaining outdoors these days, and an outdoor kitchen is one of those features that really appeal to a certain segment of buyers. An outdoor kitchen should include a built-in grill and a sink, at least. With any outdoor living spaces, privacy features, like fences, walls, or mature plantings, are also in high demand.
3. Wet bar and/or a game room . Both a wet bar and a game room (sometimes large enough to accommodate a pool table) equate to specialized recreation space, which is one of the reasons people seek an executive home.
4. Gourmet kitchen. For most people, the kitchen is the room where you spend the most time, especially if you enjoy cooking and entertaining. A gourmet kitchen is set up to enable more complicated cooking, with plenty of storage for specialized cookware and ingredients. At the very least, a gourmet kitchen usually includes high end appliances (like a double oven or double refrigerator), a snack bar, and granite counter tops. According to a 2013 National Association of Home Builders report, the biggest current “in demand” features include a wine cooler or a warming drawer.
5. Exercise room . Although each person’s preferred equipment varies, many people look for a dedicated exercise space, often with specialized flooring, a wall-mounted TV, and mirrors.
6. Master suite. A master suite is one of those standard features of an executive home that has become desirable in all types of homes. Currently, certain special features really help set an executive home apart, such as his and her closets with closet organizing systems. The master suite must have a bathroom with a luxury shower and sometimes even his and hers baths.

These popular executive home features attract home buyers and close deals. Again, though, every buyer’s needs a different, so it’s important to go over your priorities with your Grand Rapids real estate agent before you set out in search of a home. If you’re in the market for a new home, or considering some targeted upgrades before you sell, make sure you work with a Grand Rapids real estate agent who is familiar with the market and with current trends. Contact The Sprich Group today.

Photo: Grant C