Can Your Home Help You Live Longer?
October 16, 2019
Real estate that brings wellness features to buyers is an alluring amenity in the housing market. Some developers are even advertising that their homes may capable of extending your life.
Some homeowners are showing a willingness to pay for wellness add-ons to their home. A study by the Global Wellness Institute shows that owners are willing to pay an average of a 10% to 25% premium for homes located in wellness communities.
A development in Coral Gables, Fla., by developer Rishi Kapoor is one example of the wellness trend. Units within its Villa Valencia, which will open in 2021, will offer “hospital-grade air, energizing light, and pollutant-free water to protect from contaminants, free radicals, and aging.” The units will start at $1.65 million. They’ll offer air purification systems, circadian living lighting, a Savant home audio system, and a new smart-home solution that monitors environmental pollutants. Residents will be able to set alerts for allergens. They can then turn on the HVAC to circulate fresh air.
“We’re catering for a clientele, an affluent clientele, and what we want to provide—and I’m careful to say this, it’s important—we want to create the healthiest home environment possible,” Kapoor told Curbed.com. “What is wealth without health?”
Recent studies have suggested dangers of indoor air quality and toxic chemicals in homes. A World Health Organization study suggests that up to 90% of health outcomes are closely tied to where and how people live.
As the public becomes more interested in wellness, developers have followed suit, looking for ways to make the indoors and outdoors in their communities promote wellness more. A 2014 study by Texas A&M University researchers found that a community’s design can lead to more walking and biking by residents as well as greater social interaction and neighborliness.
“People have recognized that in the last 50 years, our lifestyles have changed, and we’ve seen a rise in chronic disease and obesity, and people being less active,” Katharine Johnston, a researcher and co-author of the Global Wellness Institute report, told Curbed.com. “All of those issues relate back to our lifestyles, habits, and daily life, and where we live. With real estate in particular, younger generations don’t want to live in a suburban neighborhood with no sidewalks and [have to] drive everywhere.”
Updated: April 19, 2021