10 features — besides location — to draw high-end buyers

October 23, 2013 05:45PM

Location, location, location. But then what?

For luxurious digs in New York City, location is unquestionably a key consideration. But there are plenty of other things — for the most part, architectural details — that real estate buyers eye longingly, Vanessa Grout of Vector Group, wrote in Forbes.

Unobstructed views and floods of natural light are of keen interest to many high-end buyers, as is ceiling height — but beyond 14 feet, many may find it to be too much, she wrote. Unique designs and quirky architecture are also draws, but a practical layout that accommodates a buyer’s lifestyle is key.

Storage, particularly closets for all those high-end designer threads, is a must, as is in-unit laundry to keep them squeaky clean. An in-building gym is also viewed by many shoppers as a big perk.

On the less tangible side, a building’s reputation can be vital, as well as the range of unit values. The resident composition is also a consideration, as families with young kids are unlikely to want to live in a place filled with twenty-somethings, and vice versa. [Forbes]Julie Strickland