We’ve all heard of his and hers sinks or closets. But today’s home owners are upping the ante by owning homes featuring more than one master suite.
Pete Reeb, a principal with John Burns Real Estate Consulting, who advises residential developers, explains to the Wall Street Journal that one in every three home buyers in the $2 million-and-above price range are interested in his and hers master suites, based on data from 25,000 builders and home buyers interviewed for its 2016 survey.
At the top 10 percent of the market nationwide, listings featuring more than one master bedroom are priced up to 9 percent higher than those with a single suite, according to analysts at Realtor.com.
So why the sudden interest? Developers believe owners want additional large suites for aging parents as well as offspring who may want to come live back in home. Empty nesters building homes in resort areas want an extra bedroom suite for VIP guests. And some married couples simply want luxurious sleeping space to themselves.
“I’m getting up at 4 in the morning, and 24 hours later I’m going to bed at 4 in the morning—it was very disruptive. Also, there’s some snoring issues,” one homeowner explained.
Another agrees. “I’ve gotten past the point of people thinking we are really freaky and weird,” said a co-homeowner of a 4,700 square-foot Tudor home in Studio City, California. “It makes it so nice. I don’t have the pressure when I’m reading at night of him saying, ‘Turn the light off’—and when he wanders around in the middle of the night, he doesn’t wake me.”
Some couples use both suites depending on their mood. One couple, the Goldsberrys who own a $5.2 million 6,000-square-foot home in tony Newport Coast, California sleep together but will alternate where they do so depending on their desired view. One master suite has an ocean view, while the other, downstairs, opens directly onto the pool area.
“The one upstairs is the one we use [now], because it has the better view,” said Ms. Goldsberry. “We really have our eyes set on the downstairs master as the permanent bedroom. It’s a matter of time till our knees go bad.”
Bottom line is whether it’s bad knees, noisy snoring or adult kids who return to live at home, there can now be two kings in every castle. [WSJ]