The results of a national poll of real estate agents have revealed some interesting insights into what they believe buyers are looking for in a home.
The poll, which was conducted by Turf Australia, garnered the views of 114 real estate agents nationally between November 2011 and January 2012.
Top of the list of ‘elements of a property most valuable to buyers’ was an extra bathroom, with 42% of agents saying that buyers were looking for a property with more than one bathroom.
Being on a quiet street came in a close second (41%), followed by a decent sized backyard (34%), being close to a bus route or shops (20%) and off-street parking (13%).
Interestingly for investors who own property with a patch of grass, Turf Australia claim that the survey results show that home buyers are prepared to pay up to $75,668 more for home with a lawn.
According to the survey’s results, lawns add the most value in Victoria (19%), followed by NSW (16%), Queensland and South Australia (12%), and WA (9%).
“Australians have changed their ideals for a backyard but a townhouse or larger suburban home with an area of grass is still important in 2012,” said LJ Hooker CEO Janusz Hooker.
“For sellers, the key is to put some time into making the lawn look well-cared for and perfect for the new owners – that’s how they’ll capitalise on the added value a lawn can offer.”
Source: Value of turf national real estate agent survey
What are the best ways to add value to your property? Join the discussion in the increasing property value section of our property investment forum.
Big Four raise rates despite RBA hold
Has the property market reached the bottom?
Are buyers returning to the market?
Can you afford to buy in this suburb? Find out how much you can borrow
Top Suburbs :
Get help financing your investment
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.
We value your privacy and treat all your information seriously - you can check out