For the most part, younger Boston luxury real estate buyers don’t have the patience to go through a renovation process. Whether they have a busy schedule or simply a lack of patience, they tend to buy Boston luxury homes that are move-in ready and don’t require any additional work.
Sellers of Boston luxury homes that customize their units to suit their needs tend to think that it’s easy to turn the home back to its original layout by removing a couple of walls here and there. Some even rely on their real estate agents to review floor plans and layout designs with potential buyers. That’s all well and good, but the reality is that the majority of buyers find it hard to visualize spaces beyond what’s in front of them. Not to mention the time and patience renovations take, and there’s always the extra cost factor.
Visualizing a space is so important, and I have been in homes that if there’s no bed in a bedroom, some buyers wonder if that room could be used as a bedroom. That’s why most sellers have to stage their homes before selling to place furniture in the right space that will better define rooms.
To make Boston luxury homes more sell-able, it is so much easier for the sellers to do the construction needed for faster sale at a better price. Cosmetic changes are not as much of a deterrent as hardcore construction changes. But keep in mind that Boston luxury real estate buyers are more inclined to redo baths and kitchens or change a paint color rather than renovate flooring or move walls.