How Important Is A Garden To Property Development In Perth?

With our climate, it would seem that having some sort of outside space would be a really important factor to consider when buying a home in Perth

. When considering investing in property development, Perth based buyers will want to think about the desirability for the future market. But is having a garden really that important to property development in Perth?

A garden can have a huge effect on the liveability of a property and if you are thinking of renting out your property this may be something youll want to consider. A property with a good-looking garden, especially if it has features like BBQ area, hot tub or swimming pool may attract tenants and demand a slightly higher rent.

There is also some evidence that having a desirable garden can lift a propertys value. However it would be a mistake to exaggerate this lift and over-spend on developing a garden. Its easy to get carried away and before long, youve spent thousands of dollars on a garden for your property development in Perth and the cost/benefit ratio is out of line. Research into buyers habits show that having a garden is important but behind location, the age of the property, the number of bedrooms and bathrooms and the overall quality of the build in terms of factors buyers consider when looking for a home.

Any investment in outdoor space therefore needs to be considered alongside the whole of the property, prioritising it behind other work that may improve the interior. If there are some glaring issues indoors, your money will be better spent fixing these as buyers are likely to place more importance on this. Also some buyers may be put off if there is a lot of upkeep for plants, hedges and lawns, so you could be putting a lot of time and resources into something that is actually harming interest in the sale.

Research into buyers habits also suggests that first impressions count, with many people making an initial decision based on how the property looks from the street. With this in mind, it may be more cost effective to invest in improving the appearance of the front garden with some basic landscaping and making only minimal changes to the back. For example, installing some new, smart front gates may make more of an impact than spending the same amount of money on the back garden.

Another thing to consider is the type of buyer you are looking to attract. A large property in a safe and desirable suburb should probably be targeted to families, while a smaller one in an urban area is more likely to attract interest from young professionals without children or retirees. With this in mind, the family property would probably benefit from some landscaping, whereas the other one will not be as important. Young professionals and retirees generally want something low maintenance and a simple courtyard or patio will likely appeal to them more than a large and high-maintenance garden. On the other hand, people are willing to spend money on things that are important to them and for a familyhome, having a space where the children can play outside is something that most parents place a high value on.

by: MarcusAidan

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