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24/7 Wall St.: Eight Amazing Home Amenities for the Rich

Expanded Great Rooms

Location: Chappaqua, NY
Home price: $1,875,000
Square footage: 3,519

Great rooms that stitch together living, dining and kitchen spaces have been around for several decades, but for high-end homeowners what’s new isn’t the size or purpose of the room, it’s a matter of quality fixtures, flooring and cabinetry.

And the details add up: “If you use large slabs of stone, or big wide boards, it’s harder to do, harder to control and install,” says Morris. “But it has a very high quality look to it. As the individual pieces of material get bigger it costs more to do and has a more refined look.”

“A lot of what fuels what people are building at this level is the thought of entertaining, which is bringing extended family, family and grandchildren together in a relaxed environment,” says Boomsma. “The formal dining room — I don’t know that we’ll see that coming back right away. Kitchens are becoming more manageable spaces — with backup prep space moved to a butler pantry or catering kitchen area.”

More From 24/7 Wall St.:
The Best Housing Markets for 2013
The Best CEOs of 2012
American Cities Adding or Losing the Most Jobs

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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