With the market for high-end, high-rise living expanding in Dallas, we asked our expert agents at Briggs Freeman Sotheby’s to pinpoint what the buyers want. Here’s what they had to say.
A: Empty nesters are looking for new adventures: close proximity to restaurants, shopping, walking paths and stimulating views. Many clients with second homes want a property they feel comfortable locking and leaving. Interestingly, one of my clients realized they had downsized to the point of not having space to entertain an expanding family and decided to readjust to a larger space. I take understanding my clients’ goals very seriously and lead them to their happy spot and next great investment.
1918 Olive Street #802 | Dallas Arts District | Listed for $2,300,000
A: We have found that buyers in the “empty-nester” or “downsizer” market ultimately are looking for a smarter use of space. They want a downstairs master suite and less square footage with new, energy-efficient systems. They don’t want unused rooms. If they can find the land, many want to build a new home. Others are changing their lifestyle completely, so they’re looking at luxury high-rises because of the ease of lock-and-leave and the amenities these buildings offer.
A: Location is the most important thing for these buyers. They want to stay close to their neighborhood, and keep shopping at favorite stores and dining at favorite restaurants, or they want a lifestyle change in a more urban environment. Whether it’s a traditional home or a luxury high-rise, a downstairs master or an elevator is a must. And, though they want low maintenance, they don’t want to give up their outdoor space, and often want a small yard for pets.
1717 Arts Plaza #2208 | Dallas Arts District | Listed for $1,125,000
A: Many buyers are looking for smaller properties, which enables them to use all of the space but still gives them room for a home office and a small, comfortable family area in addition to an updated area for entertaining. Empty-nesters frequently want a first-floor master, and all want updated kitchens and baths and low-maintenance in the yard space. While updated and newer homes that are all one level are not as common, they are desirable.
Click here to see the latest in real estate news. President and CEO Robbie Briggs independently owns and operates Briggs Freeman Sotheby’s International Realty with seven offices in Dallas, Fort Worth, Uptown, Lakewood, Ranch and Land, The Ballpark and Southlake.