Key fea­tures that add value

Pilbara News - - Property - Hayden Groves

When you de­cide to sell your home, one of the most im­por­tant fac­tors to es­tab­lish is its likely mar­ket price.

To de­ter­mine over­all mar­ket worth, con­sid­er­a­tion ought to be given to both the land and dwelling com­po­nents of the prop­erty.

When es­ti­mat­ing the value of a build­ing it­self, the prop­erty’s fea­tures, build qual­ity, size, floor plan and ex­ter­nal fea­tures all have an im­pact on its value.

There are a sev­eral fea­tures in a prop­erty which are typ­i­cally de­sir­able in the Perth hous­ing mar­ket.

Be­d­rooms

Over the past 50 years, the num­ber of be­d­rooms in the typ­i­cal home has dou­bled from two to four yet the av­er­age house­hold size has de­creased.

Re­gard­less of our shrink­ing house­hold size, the de­sire for larger homes re­mains strong and the mar­ket of­ten dis­pro­por­tion­ately val­ues four-bed­room homes and three-bed­room apart­ments.

Ex­tra be­d­rooms offer flex­i­ble life­style op­tions and buy­ers are aware of re­sale ap­peal.

Bath­rooms

When it comes to buyer in­ter­est, the num­ber of bath­rooms comes sec­ond to the num­ber of be­d­rooms. The mar­ket val­ues a sec­ond bath­room or en­suite.

Stor­age

Stor­age is an un­der­rated in­flu­ence on the value of a home.

We are liv­ing in smaller house­holds but ac­cu­mu­lat­ing more pos­ses­sions. Homes with plenty of stor­age space are likely to be more highly val­ued.

Home the­atre

The com­mon “games room” of the past two decades has given way to the home the­atre.

Park­ing

The value of a lock­able dou­ble garage with in­ter­nal ac­cess to the home varies in dif­fer­ent lo­ca­tions.

In older sub­urbs where room for ex­pan­sion around the home is lim­ited it might be viewed as dis­pens­able, but in newer ar­eas a big garage is a stan­dard fea­ture.

Out­door en­ter­tain­ment

Our cli­mate is ideal for cov­ered ar­eas that open to the yard and per­haps over­look a pool.

A qual­ity, func­tional and pro­tected space in the yard which ex­pands the liv­ing area of the house and merges the gar­den with the home is also highly de­sir­able. Hayden Groves is the pres­i­dent of the Real Es­tate In­sti­tute of West­ern Aus­tralia.

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