Newspaper article News Mail Bundaberg Qld.

Floor Plan Must Be Appealing

Newspaper article News Mail Bundaberg Qld.

Floor Plan Must Be Appealing

Article excerpt

Chris Tolhurst, Domain.com.au

WHEN buying real estate, itCOs imperative to focus on the aspects of a property you cannot change.

The location is something you canCOt change, as is the orientation to the sun.

Think carefully about the floor plan, too.

It is next to impossible to alter the floor plans of many units and apartments because of structural walls and the regulations of owners corporations.

If you intend to knock out walls and revamp the back-to-front floor plan of a house, youCOll need deep pockets.

It makes far more sense to buy something which already offers a logical layout and free-flowing interior space.

WBP Property GroupCOs Greville Pabst said houses need a central bathroom to attract quality tenants and buyers.

He said having two bathrooms is a must for many people renting houses nowadays, and ensuites are preferred.

Traffic congestion is worsening in AustraliaCOs capital cities and households are becoming smaller as more people embrace an inner-city lifestyle and opt to live in smaller residences. The value of many inner-suburban units and houses is now derived less from estimated land values and more from location and amenity.

These societal and demographic pressures have made design factors such as abundant storage and open-concept living areas far more important.

An open-plan layout that melds the kitchen and informal living space is sought in all categories of housing.

Investors need to factor in the preferences of tenants sharing small spaces. Michael Ramsay of MRPA BuyersCO Agents said for investors buying two-bedroom flats, an ideal floor plan has the living space separate from the bedrooms so privacy is maximised; an internal laundry; a balcony or courtyard; and a secure entrance.

If youCOre weighing the pros and cons of properties, pay close attention to the appearance of the entrance and the buildingCOs facade. …

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