Resale Value (& Why You Should Take your Real Estate Agent with a pinch of Salt)

This is possibly the most short sighted myth, which is detrimental to the quality of housing stock in Australia.

By focusing on achieving the greatest capital value of a home creates compromise somewhere.

This also influences ‘size’ as previously mentioned. Some clients have added rooms or features to their build, without any intent of using them, purely to ensure that the home catered for what a real estate agent told them they ‘should’ include.

If you are creating a home for your family, chances are you intend on being in that home for at least 10 years. Fast forward to that time, you might want a sea change, you may want to downsize - if you can get rid of the kids! - whatever it is can you really predict what the market wants in the 2030’s? Nope. And nor can your real estate agent. No offence intended.

I believe that our society is changing and that we are becoming more savvy to the residential market. We know when a vendor has just given the house a touch up or a face lift and wonder about what lurks behind those walls.  We are demanding better quality, (if we can find it). We are demanding better performance and lower running costs of a home, especially given the rising cost of living and energy. Considering the continual technology and product advances it does not take long to supersede a run of the mill building. 

By building to meet the standards of today you are already making your house obsolete only a few years from now. We should be building to the best quality and performance available so that the house is not superseded in the short term.