Are you thinking about selling your property, but you’re not sure whether it has the right attributes?
In an ever-changing real estate landscape, knowing what type of properties or even what kind of features buyers are after can be challenging as different buyers long for different things.
However, regardless of personal tastes, the buyers’ list in 2021 has a few popular features and criteria that are quickly becoming ‘’must-haves’’. And to assist you, we’ve listed them below.
Price
When it comes to purchasing a property, it’s no surprise that one of the top criteria on buyers’ lists is the price. After all, purchasing a property is all about being able to afford a dream home or the closest possible option to it.
Location
Location is key in real estate, and main cities have experienced a shift over the last few years. Indeed, people (and Millennials in particular) are moving from the inner city to experience suburban living as the latter offers a better lifestyle. The COVID-19 pandemic has accelerated this shift as the need to commute has eroded, and the ability to work from home has increased, making it possible to live further away from work.
A study published by Australian Broker in August 2020 revealed that the regions’ appeal has been increasing over the last few years, driven by improved lifestyle and working from home opportunities.
However, note that despite these shifts, the most popular locations often feature:
Amenities, cafes, and restaurants
Easy access to public transport
Schools
General aspects of streets, houses, or gardens in the neighbourhood
Outdoor Space
It’s no secret that Australians are pretty outdoorsy. Blessed with wonderful weather all-year-round in most cities, the country’s appetence for courtyards or spacious outdoor areas has always been an asset for property owners. The rise of remote working triggered by the coronavirus pandemic has increased the need for homes featuring outdoor spaces where children can play while parents work and where the family can exercise and get some fresh air in case of a lockdown. A survey published by Realestate.com.au has even revealed an increase of 41% between April and June 2020 in COVID-related searches containing the word ‘’outdoor’’.
More Designated Areas
The desire for more space is not limited to the outdoor space. As people increasingly work from home, they feel the need for a bigger but more compartmentalised indoor space where each room has a dedicated function. This allows owners to have a designated room for kids to do their homework, a home office for them to work in or a home gym space. As a result, the open plan living space is making way to closed floor plans.
20-Minute Neighbourhood
The 20-minute neighbourhood concept is based on the idea that people want to live within a 20-minute walking distance of all the amenities they need. And while this concept emerged a few years ago, the pandemic has reinforced the need for people to have easy access to everything they need to live, work, and play in their area.
Are you looking to sell your property? If so, don’t hesitate to get in touch on 3369 5231 to book a pre-sale Building and Pest Inspection.