“Good design” was a notable absentee among the list of must-haves which a home buyer or a developer prepared in the last decade. It is only befitting that ‘good home design” has got its place at the very top of the list today.
There is no doubting the need for strategic location, high capital growth, and council approvals but good design is another key aspect which buyers and builders both factor in while buying or building a home today.
What is the cause of this transformation or paradigm shift? Well! There are several causes.
Good Home Design Attracts Buyers
Investors are always on the hunt for properties. In their search for a substantial asset base, they did not care too much about the design of the house earlier, but today they understand that buyers are always on the lookout for sophisticated designs. Now, investors cannot ignore the fact that they may be sellers one day. Thus, they keep the design equation very much in mind.
Good Design Provides For Council Approvals
Oftentimes, properties fail to procure council approvals. One of the reasons is lack of plausible blueprint and compliant design. Losing out on approval means you may have to sell your property cheaply on a later day (council approvals are a great bargaining tool). Thus, every investor quite happily makes space for good design in his buying budget.
Caters to the Urban Dream
Buyers, with each passing day, are getting besotted with urban living. The rise in fortunes of inner-city properties is a testimony to this. Those with mindset inclined towards urban living do not mind smaller carpet area but always seek best designs in their homes. Builders and developers and even investors (later day sellers) may miss out on enticing buyers if they fail the ‘design’ criterion.
Promotes Energy-efficiency
Designs bent towards green and energy-efficient measures are being lapped up happily today. The buyer community understands the imminence of energy crisis and seeks green-certified houses as the first precautionary tool. This tendency to cut down on the electricity bills and live in clean, eco-friendly homes has given rise to the ‘good design” argument.
And how much nicer is it to live in a home that is naturally warm in winter and stays cooler during summer?
Targets owner-occupiers
Owner-occupiers need to be targeted at any cost. After all, investors are not too pleased with established homes and foreign investors cannot buy established dwellings in Australia due to regulation constraints. The First Home Buyers are short on upfront costs and seek grants of various orders. The situation creates a great urgency to target owner-occupiers- and it is a buying class that loves good design.
Lowers running costs
Additionally, good home design also means lower household running costs. The investors love it because it minimises their holding cost (repairs and renovations) and owners love it because it saves monthly or quarterly expenses.
The value of professional home design cannot be overstated. It can be the difference between a property that buyers kill for and a property that buyers do not offer a second glance to..
Don’t you consider good home design as indispensable a factor as smart property location?
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