How consumers value features and attributes of a home.
#1 is location
If a home is less than 10 yrs old 26% higher value
If a home is less than 5 yrs old 24% higher value
A view…8% higher
Good school near by…6% higher
Second bathroom…8% higher
Strata that allows pets…6% higher
Strata that allows renters…5% higher
Condos that are the same square footage, but the condo with a 1 bedroom, 1 bathroom layout would be valued 8% higher than the condo with 2 bedrooms and 1 bathroom. People prefer a more open floor plan.
Knowing what my consumers want is important when speaking to them. It allows me to help direct clients so that they make the best decisions when buying a home or investment property.