There is a saying that our everyday habits and lifestyles are directly influenced by our homes, communities, and environment which decide up to 80–90% of our health outcomes. Since our homes are our biggest personal investment and expense, they ought to be an investment in our health and welfare also.
As people become more health-conscious, they seek ways to improve their well-being. In response, the real estate sector has transformed itself in the 21st century, giving rise to “Wellness real estate.” This sector caters to modern residents’ needs and addresses global health challenges, offering a distinct environment compared to traditional real estate. So now let’s talk about what are the needs of Wellness oriented Home buyers.
Rising demand for fully managed projects and properties
The idea of owning a home has evolved considerably. It no longer simply entails possessing a piece of real estate. Homeowners are continuously looking for ways to profit from hassle-free solutions, including house maintenance, rental management, privacy, and management of hospitality at the core, as well as the benefits of property management. Real estate developers must recognize the importance of adopting a people-focused approach in their designs and giving an expanse of land solutions and real estate solutions. With the growing demand for end-to-end management projects, such a strategy holds immense value as it contributes to the development of healthy, resilient, and egalitarian neighborhoods.
Purchasing vacation properties close to the city
Homeowners are forced to reconsider their way of life by the pandemic. The idea of owning a second house away from the city is growing in popularity. Luxury vacation homes that are close to nature and offer several lifestyle advantages that they might not have had access to in the city are in high demand as investments. Luxury vacation houses provide a paradise, but they also need to be close to desirable amenities and conveniently reachable from the city. Additionally, it provides all the advantages of tranquility while maintaining urban conveniences.
A comprehensive design with roomy functional spaces for overall well-being
People are becoming more conscious of how outside forces affect their way of life and general well-being. Nowadays, most urban areas lack the spacious, functional places that are necessary for achieving health and wellness goals. Modern architecture must adapt to these changes and create highly practical rooms that emphasise an integrated approach to physical as well as mental health. Large, practical areas will soon become required for the metropolitan population, not just an option.
Wellness lifestyle real estate is also profitable for Developers
For developers, the key benefit of wellness lifestyle real estate is the higher returns these projects generate. The enhanced lifestyle that wellness lifestyle real estate buyers enjoy leads to considerable sales price premiums because faster expected asset value increase results, even though building expenses are often higher than standard real estate developments. According to Global Wellness Institute, Average sales price premiums for wellness lifestyle real estate developments ranges somewhere between 10% to 55%.
In essence, the landscape of real estate is undergoing a profound transformation that mirrors the evolving aspirations and priorities of today’s discerning homeowners. The concept of “Wellness-Oriented Real Estate” has emerged as a dynamic response to the growing awareness of the intrinsic link between our living spaces and our well-being. Homes, as the adage suggests, greatly shape our routines, health, and lifestyle. In recognizing this powerful connection, the realm of real estate has evolved from mere shelter providers to holistic nurturers of physical and mental wellness. The Guardians Real Estate Advisory, a team of experts in property advisory is dedicated to promoting sustainability as a top priority in property development projects for esteemed developer clients. This approach generates a triple-positive impact, encompassing environmental progress, community enhancement, and financial growth in projects. By embracing the needs of the contemporary environment and delivering the right real estate solutions to the consumers “The Guardians” helps in elevating the way of living.