In the past few months, people have been spending more and more time at home – either because they had to switch to remote work or because lockdown restrictions prevented them from going out with friends. And while this is something positive when it comes to the relationship we have with our homes, it has also led to an increase in requirements. Since now we spend more time at home, all those problems we could gloss over before, have become annoying: bad Internet, creaky floors, thin walls, leaking taps, the list can go on. There were even cases of tenants who didn’t renew their leases because the apartment simply didn’t live up to the requirements of the new normal.
In a post-pandemic world, home is the new sanctuary. This trend affects real estate agents, who now have to make sure their properties meet a longer list of criteria. And, when an apartment is advertised as luxurious, you can rest assured that potential tenants will want much more from it than granite countertops and a remodeled bathroom.
Space is key
Before the pandemic, it was quite common for tenants to sacrifice space for a great location. After all, they weren’t spending so much time there anyway. Now, this no longer applies because the entire family is at home, and things can get a little too cozy. The new switch to work from home means that people also need a home office, extra space to practice their hobbies, and extra space for everyone to live comfortably. When parents and their two kids try to spend the entire day in a 180 feet apartment, it’s no wonder they feel cramped and overwhelmed – even if the apartment is otherwise luxurious.
Less focus on location, more on the views
Tenants who are willing to rent luxury apartments are often people who work for large corporations in the city center, and they don’t mind paying extra for a place that’s close to work. With the stress of commuting gone, location is no longer as important as it was before. Some big companies have even allowed their employees to work from home indefinitely, so we’re about to witness a wave of clients who are ready to ditch their luxury downtown apartments for more spacious apartments in the suburbs, which have balconies with better views and offer them a connection to nature.
Comfort above all
Once again, home is the new sanctuary. People want to feel comfortable at home, and they’re ready to pay extra for luxury features. Expect your clients to request a new mattress before they move in, and you should even consider getting something specific to their lifestyle, such as the best mattress for side sleepers. You can also expect requirements such as hot tubs, walk-in closets, extra storage space, smart technologies, backup generators, dimmer lights, and ceiling fans. Needless to say, technology is now a must, and you shouldn’t expect a luxury apartment to compete if it doesn’t have high-speed Internet.
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