What Do Modern Home Buyers Want?
When you sell a property, it can be a little nerve-racking thinking about whether or not people will actually be interested in it. What if you wind up making less than you anticipated? What are people going to think? Will they like it?
Of course, there are no guarantees in property. You can do your due diligence and be as well prepared as possible, but you can never guarantee that people are going to clamber over one another waving their wallets to buy your home.
You can, however, take note of trends around the world and in Australia. Homeowners en masse demonstrate what they like through the data, and you can capitalise on those findings to maximise the chances of your home selling for a great price.
Here are some of the most noteworthy recent trends that you can leverage to attract buyers:
People like energy efficiency these days. There’s been a rise in environmental consciousness over the past few years, but there has also been a rise in the price of utilities. As such, people like to save money while they help the environment.
Typically, new homes are 30% more energy efficient than homes built even just five years ago. As technology progresses, older homes rapidly lose value on this front. If your home is old, it might be worth investigating ways to boost its energy efficiency.
Small and efficient spaces
Larger spaces have several practical disadvantages. They’re more difficult to clean and maintain, more expensive to heat and cool and frankly, harder to fill. Society is moving towards smaller and neater technology, as demonstrated by the rise of smartphones and tablets. There simply isn’t a need for as much space in the home now as there was when people collected physical DVDs, CDs, books and huge, boxy TVs.
Last, but certainly not least, it’s important to ensure that your home’s decor (whilst on display) isn’t too polarising. Kept nice and neutral, your home can appeal to a wider range of potential prospects.
Of course, this rule is flexible. If your home is quirky already, you might go all-in on that quirkiness with the decor to appeal as much as possible to the type of person who’d be interested in it. Ask your agent about the market you’ll be appealing to, and see what they advise.
At Mortgage House, we’re no strangers to the homeowner’s journey. It’s a long (but rewarding) one.
But don’t worry, we can help with that.
If you’re thinking of buying a home, you can contact us for advice about the best options for you when it comes to your mortgage. The cost of your mortgage can drastically affect your financial planning, so it pays to speak to the experts about it.