Expert Advice: What are people looking for in high-rise living?
August 13th, 2014 | by Michelle
Luxury high-rise living is a hot trend in North Texas right now. As the kids graduate from high school and then college, many couples are choosing the lock-and-leave lifestyle that can be found Downtown – close to the heart of the arts, culture and dining districts.
We asked our expert agents at Briggs Freeman Sotheby’s International Realty what buyers are looking for in luxury high-rise living in North Texas. Here’s what they’re seeing.
A: Buyers are looking for a neighborhood identity, whether it is arts and culture, or bars and entertainment. They want neighbors who have similar interests. When it comes to the unit, they want views and a versatile floor plan that allows for home offices, guest suites and other unique features. We also counsel our clients to look for units that are rare or irreplaceable. That’s the most conservative and equity-protective way to buy a luxury high-rise unit.
1918 Olive Street #902 | Listed for $2,335,000
A: Having some outdoor living areas – terraces so you can relax and entertain outside – is becoming more and more important. Buyers also want to go carless and walk to everything – the restaurants in Oak Lawn, the park in Turtle Creek or the amenities in the Arts District. Another thing is a good staff that can help maintain privacy. In the right building with the right staff, people can find even greater privacy than they had in a single-family home.
2801 Turtle Creek Boulevard 1W | Listed for $2,295,000
A: The views are always the first item on the list – they want to see the city and the lights at night. And they want to see it from multiple vantage points – windows, balconies and common areas with a view. They also want very updated or new. Buyers don’t want a re-do. The luxury high-rise market is at its height right now, but we are going to get to a low-inventory situation soon.
1717 Arts Plaza #1802 | Listed for $1,245,000
A: Today’s buyers want convenience, and they want service. People no longer want to be a “property manager,” so the amenities a building offers figure pretty heavily in the decision to buy. They’re looking for concierge services, support personnel, exercise facilities, outdoor areas with a pool, and pet friendly properties. They want a building that is close to restaurants, shopping, culture and entertainment. It’s all about creating a simplified lifestyle.
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For more luxury homes, see briggsfreeman.com. Click here to see the latest in real estate news. CEO Robbie Briggs independently owns and operates Briggs Freeman Sotheby’s International Realty with six offices in Dallas, Uptown, Lakewood, Ranch and Land, The Ballpark and Southlake.