What luxury buyers want and what they need may not go hand-in-hand, according to the closing panel at Westweek 2013 last week at the Pacific Design Center in West Hollywood.
Looking at the question from the home-buying perspective on the closing panel at the design industry event were real estate agent Mauricio Umansky of the Agency in Beverly Hills and Malibu architect Douglas Burdge.
Among the wants are view properties. Umansky said he even has one home listing where the garage has an “amazing city view.”
Basements also are a draw among the wealthy. Underground space can be used for a bowling alley, a sports lounge, a theater or parking.