Undoubtedly bedrooms do count

15/Jul/2011

Comments:

ANYONE considering building a home should not overlook the importance of the bedrooms in the resale value of their property, Wilson & Hart Home Builders managing director Anthony Kinder says.

“In the western suburbs for example, the median selling price difference between a three-bedroom home and a four-bedroom home can be up to $600,000 on average,” he said.

“REIWA figures for the March 2011 quarter show that in the western suburbs, homes with five or more bedrooms accounted for 6.5 per cent of all property sales compared to just 2.9 per cent for the entire Perth metropolitan area.

“The conventional wisdom is that because families are getting smaller, people are wanting smaller homes with fewer bedrooms.

“However, in contrast, in the upper end of the property market ($800,000 plus), our company is finding that families still demand homes with at least four bedrooms.”

Mr Kinder said the number and size of bedrooms in some areas could be particularly important to the local market.

“Even issues such as the location of bedrooms is becoming important with a growing trend in some areas for a large bedroom with ensuite being located on the ground floor of a two-storey home in addition to bedrooms on the upper floor,” he said.

“The message for anyone spending several hundred thousand dollars on a new home is to undertake their research carefully and work with their builder in designing a home which they will enjoy and also achieve a pleasing price if they decide to sell.”


Bookmark and Share

Share your thoughts in 60 seconds!

Members : login to comment


 

Thursday 23 May 2013

  • Min 9°C
  • Max 21°C

Friday

  • 8 - 23°C

Saturday

  • 8 - 23°C

Featured Video Clips

Subiaco's Cinemas Project

Western Suburbs Weekly reporter Erienne Lette and City of Subiaco Mayor Heather Henderson talks about the new Cinemas Project.

Oliver Hill Gun Battery

Editor Denise Cahill talks with Harriet Wyatt about new conservation and restoration works being done to the Oliver Hill Battery.

Cat Haven Update

Western Suburbs Weekly journalist Erienne Lette with this week's Cat Haven update.

Dog Refuge Update

Western Suburbs Weekly journalist Erienne Lette with this week's Dog Refuge update.

email subscribe link
CommunityPix banner linkCarbonFootie