DO LOOKS REALLY MATTER IN PROPERTY?

Monday 13 May 2024

When it comes to buying and selling property it's easy to get caught up in the allure of aesthetics. After all, who doesn't appreciate a beautifully designed home with all the bells and whistles? However, as any seasoned real estate agent will tell you, looks aren't everything when it comes to buying or selling a property. In fact, some houses can sell for more than their visually stunning counterparts simply because of their location, features, a determined buyer or future prospects such as development potential.

At First National Lifestyle Sippy Downs, we understand the importance of looking beyond the facade and considering the underlying factors that contribute to a property's value. That's why we're here to shed some light on why location and potential should be at the top of your priority list when searching for your dream home or investment property.

It's a mantra that's been repeated time and time again in the real estate industry, and for good reason. The location of a property can have a significant impact on its desirability and ultimately its price. Whether it's proximity to beaches, rivers, schools, public transportation, amenities, or a vibrant neighbourhood, a prime location can make all the difference.

Take, for example, a modest home situated in a sought-after neighbourhood with top-rated schools and easy access to shopping and dining options. Despite its unassuming appearance, this property could command a higher price than a more visually appealing home in a less sought-after location. Why? Because more buyers are interested in the convenience and quality of life that comes with living in a desirable area, therefore with higher demand, comes more competition, ultimately driving the values upwards.

Another factor that can influence the value of a property is its prospects for development potential. This refers to the possibility of making improvements or modifications to the property to increase its value over time. Whether it's adding square footage, renovating outdated features, or subdividing the land for additional higher-density dwellings, properties with development potential offer buyers the opportunity to maximise their investment.

For instance, a fixer-upper might not turn heads at first glance, but savvy buyers and investors see the potential for transformation or multiple dwellings on the block which will drive the resale value upwards. With the right vision and resources, a run-down property can be transformed into a real money maker, significantly increasing its resale value in the process.

At First National Lifestyle Sippy Downs, we specialise in helping our clients identify properties with untapped potential and guiding them through the process of realising that potential. Or we can assist in helping you realise the true value of your property when it comes time to sell. Whether you're looking for a diamond in the rough or a hidden gem waiting to be discovered, or want to maximise your sale or rental price, we're here to help you make your next move.

Speaking of looks – while we know it is not all about aesthetics, we're excited to showcase our recently updated our staff pictures to better reflect the vibrant and dynamic team here at First National Lifestyle Sippy Downs. Our dedicated agents and property managers are committed to providing personalised service and expert guidance every step of the way. Whether you're buying, selling, or leasing your investment, you can count on us to go above and beyond to ensure a smooth and successful transaction.

Head over to our website to meet the faces behind First National Lifestyle Sippy Downs and learn more about how we can help you achieve your real estate goals. And remember, when it comes to buying or selling a property, looks aren't everything. Trust the experts at First National Lifestyle Sippy Downs to help you find the perfect property that ticks all the right boxes.

 

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