What Homebuyers Look For

KHov_peoriaThere are plenty of views about what home buyers are looking for 

Houzz

Dwell Beautiful

Michelle McKinnon writes about some of the obvious features to promote when selling your home, but you might be surprised by some of the things buyers are looking for.

Home buyers usually have a list of key features in mind when they start hunting for a home.

And while sellers know it’s important to play up key features such as a swimming pool, many vendors neglect to emphasise some of the more mundane things home buyers look for.

So we’ve compiled a list of seven things home buyers most want, based on a survey we conducted late last year to uncover what home buyers get a second opinion on.

It shows that while 73 per cent of buyers put price at the top of the list and 65 per cent prioritise location, many other elements make it a home worth purchasing.

1. A second living area

Living space is paramount in the modern home, so make sure your real estate marketing mentions any extra living space you have, even if it’s only a small sunroom.

Frank Valentic of Advantage Property Group, who has judged renovations on the Nine Network’s program The Block, says open-plan living is highly sought after by home buyers.

“This is particularly the case for families who have children, who are seeking enough space to allow children to play in a separate area,” he says.

2. Renovated wet areas

A renovated bathroom and kitchen are paramount. Renovated kitchens particularly give real bang for your buck.

Valentic says a large kitchen with wide bench space is very important. “Kitchens are double the size they were 10 years ago. Home buyers want a huge amount of space and modern amenities in the kitchen.”

3. Outdoor entertaining

Most buyers would like an outside area that flows well from the indoors. Soft furnishings such as waterproof cushions in the outdoor space can make it homely and comfortable.

Valentic adds that the seating area needs to offer protection from the sun. “Outdoor entertaining areas are always well received by home buyers,” he says.

4. Natural light

Don’t underestimate how beneficial natural light is when you’re selling your home, so make sure you play up this feature.

Such features include a north-facing orientation if you have it, and skylights or other natural light sources.

Chris Teakle, director of Melbourne’s Prime Estate, says a northerly aspect that allows in plenty of natural light is highly sought after. “A light and bright home is a huge selling point, no matter who the potential buyer is,” he says.

5. A backyard

Having enough space in the backyard to kick a football around is the great Australian dream. Teakle says most buyers ask about the backyard size before committing to an inspection.

“Some grass under foot and a bit of space to play with kids outdoors is what everyone wants,” he says.

6. Storage

You can never have too much storage so remember to mention all your home has. This includes built-in wardrobes, space under a staircase, in your kitchen, bathroom or outdoors.

“I’ve never had a client complain of too much storage, so make sure you play up this feature,” Teakle says.

7. Decent-sized bedrooms

Bedrooms that offer built-in storage and enough floor space for a reasonable amount of furniture will be well received by buyers.

Teakle says: “Everyone wants to know that there’s enough bedroom space for kids to be able to play in their room. So if you’ve got decent space, make sure you play this feature up.”

What do you think are the essential features of a property? Tell us in the comments below.

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