Air­con top of wish­list for buy­ers

The Weekend Post - Real Estate - - Front Page -

FOR­GET swim­ming pools – air­con­di­tion­ing and so­lar pan­els sit higher on the wish­list for home buy­ers.

A sur­vey from of 1043 peo­ple found 65 per cent be­lieved air­con­di­tion­ing was the most de­sir­able prop­erty fea­ture fol­lowed closely by a car­port or garage (60 per cent).

Round­ing out the top five were a back­yard, so­lar pan­els, and an out­door en­ter­tain­ing area. con­sumer ad­vo­cate Bessie Has­san said the more de­mand there is for a par­tic­u­larly fea­ture the more value that would add to a prop­erty.

“A home needs to have air­con­di­tion­ing, a back­yard and off-street park­ing to com­mand big bucks th­ese days,” she said.

“Aus­tralians have be­come more ac­cus­tomed to air­con­di­tion­ing and plenty of peo­ple now see it as vi­tal. It’s pretty com­mon in some parts of the coun­try to get tem­per­a­tures in the late 30s and buy­ers are pre­pared to con­trib­ute more if it means keep­ing cool at home.”

Ac­cord­ing to Aus­tralian Bureau of Sta­tis­tics data three in four Aus­tralian house­holds have air­con­di­tion­ing.

Green fea­tures are grow­ing in pop­u­lar­ity with mod­ern house­hunters pri­ori­tis­ing so­lar pan­els over swim­ming pools. As the price of elec­tric­ity rises, the pres­ence of so­lar pan­els is paramount for one in three buy­ers.

So­lar pan­els was the fourth most sought-af­ter fea­ture for both men and women. ABS fig­ures show so­lar pan­els are be­ing used by 14 per cent of all house­holds.

Ac­cord­ing to the sur­vey, one in four home­buy­ers want a deck.

“This is a sig­nif­i­cant trend – Aussies love out­door en­ter­tain­ing and there’s al­ways go­ing to be de­mand for ex­ter­nal bal­conies and pergolas,” she said.

“The trend is par­tic­u­larly strong among peo­ple in Vic­to­ria and Queens­land.”

Fea­tures like a built-in BBQ or a wa­ter fea­ture were a long way down the wish­list, clock­ing in with just five per cent of peo­ple.

Nearly 40 per cent of bud­get con­scious Baby Boomers (aged 55-74) cited so­lar pan­els as a sought af­ter fea­ture.

Gen­er­a­tion Y, (aged 18-34) are the most likely to want a swim­ming pool, and a dish­washer. Just 10 per cent of Baby Boomers wanted a swim­ming pool, com­pared to 21 per cent of Gen­er­a­tion X.

Ms Has­san says it’s im­por­tant to do your re­search when con­sid­er­ing whether to make im­prove­ments to a home be­fore list­ing it for sale.

“Some ea­ger sellers spend ex­or­bi­tant amounts of money adding fea­tures like swim­ming pools, when our re­search shows that’s only im­por­tant to 17 per cent of buy­ers,” she said.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.