If you’re able to crack the code linked to what home buyers truly want when scoping properties to potentially buy, then you’re all but guaranteed a quick sale.
Although basic real estate psychology can vary from person to person, factors such as emotions, logic and even our imagination all play a part in driving a buyer to make an offer on a property or not. However, a first home buyer looking for an abode to raise a family in will not generally think the same as someone scoping the market as a “rentvestor” – and this is where it gets tricky to know how to market a property.
While there’s no set blueprint when it comes to pulling off a successful property sale, seasoned investors will often tell you that there are a few key features that almost always appeal to prospective buyers. Fundamentally, just about every buyer wants to purchase a property that screams value, but it can be difficult to know what types of features will generate significant interest without isolating any portions of the potential buyers. Thankfully, there are always a handful of popular inclusions that every seller should consider when going to market.
Five Things Home Buyers Look For In A Property
It’s fair to say that the aim of the game is to sell a property quickly, and for the best possible price – but how exactly does one do that? Well, it usually comes down to understanding what home buyers want out of a property, and what a seller can do to include these features in an abode. Thankfully, the data tells us that there’s usually a few key inclusions to consider, especially if you’re attempting to renovate for a profit.
New Kitchens – Right up there with bathrooms, just about any real estate agent will tell you that kitchens sell properties. As the heart of the home, many home buyers will turn away from houses that have old or outdated appliances, cabinetry and even general design. If you’re about to sell your abode, be sure to invest in this key area.
Open Plan Living – While it’s no secret that many of us have spent the better portion of the last two years feeling cooped up at home, it should therefore come as no surprise that Australians are chasing bigger properties – or at least homes that feel bigger. As such, sellers should aim to embrace open plan living, with rooms that transition seamlessly and feel multi dimensional.
Outdoor Entertaining – The Australian property market has seen a surge in home buyers looking for a backyard or larger outdoor space. Even if your adobe doesn’t have such assets, the next best thing is paying attention to any form of entertaining area outside, even if it’s as simple as an appealing courtyard with space for a BBQ.
Bathroom Sanctuaries – Behind an up to date and well designed kitchen, bathrooms sell properties. Once upon a time, these wet areas were a bit of an afterthought, but today’s buyers are looking for bathrooms that provide a sanctuary to retreat to from the world outside. As such, consider renovating to add more space and more light to make them feel almost like a spa.
A Home Office – With the return to work being staggered out across the nation – or done away with entirely – homeowners and potential buyers alike are looking to improve their home office setup for the long term. 41% of those working from home confessed they still don’t have a proper home office desk space, so be sure to market to this workforce adaptation.
Selling your home or property is often an emotional and stressful time, and the pressure is enormous for owners to present a space that will attract the attention of buyers. Not only will your home need to appear memorable, warm and inviting, but you also need to stand out from the competition. If you’re able to factor in the above inclusions to your property, it will inevitably go a long way when it comes to selling your home faster, and for the best possible price.
Should you be looking to sell your home or purchase a new one, enlisting the services of a free property advisor like ESPA can often be a game changer. As an example, your advisor would likely research the property, local agents, check the zoning, evaluate market conditions, and communicate clearly with you regarding all of your options – but where do you find one?
Take The Stress Out Of Selling Property
As a completely free service, Emergency Services Property Advisors provide property advisor services to Police, Fire, Ambulance and S.E.S personnel and their families right across Victoria.
Luke and the team at ESPA are passionate about providing support to some of Australia’s most valued public servants. Along with key industry insights, ESPA also works with a broad range of service providers linked to the real estate industry such as conveyancers, trades, legal practitioners and mortgage brokers.
If you are an emergency services worker looking to potentially buy or sell property in the future, please get in touch with Emergency Services Property Advisors today to discuss how we can turn your real estate dreams into reality, or call Luke directly on 0414 757 705.