Property Values – Adelaide
The property values in a city are dependent on multiple factors. One of the major factors being where the house is located in proximity to the amenities that the city has to offer, This trend is seen around all major cities, the further in you are, the more central the location, the more higher the property values.
When houses are located further out, in more rural areas, they generally have larger lots, and provide more space. That said, these properties are also further away from events, public transit, shops, cultural events, and performances. The property values of these homes are generally a lot lower than houses further in. Although you are getting the additional land, the lack of amenities lowers property values.
This is because property values are not solely based on the house and land. Property values are also based on outside factors, many of which rely on one large factor – location. Factors such as sporting events, educational opportunities, employment opportunities, cultural events, festivals, and Religious places of worship are all found in large cities, and not very commonly found in smaller towns, and more rural locations.
Factors that impress and attract prospective home buyers include accessibility to great schools for all educational levels, a strong and accessible public transit system, events, and festivals. The city of Adelaide offers residents all of these things, and because of it has seen tremendous increases in both the sale of homes, and property values. Living in a more centralized location is something that many residents value. For families it means that there are ample opportunities in terms of education, employment, volunteering, and recreation. Young professionals and recent graduates generally appreciate the accessibility to prospective jobs and networking.
In terms of housing styles, much of Adelaide is made up of single detached houses, in some neighbourhoods because of the demand for real estate apartment style condominiums, townhouses, and apartments have developed. In comparison to housing styles further out, the city is home to more compact and urban style housing styles, such as apartment style condominiums and townhouses. While these styles are obviously found in areas further out, there are less than what is in the city. Another difference in the style of housing in the city and the further out suburbs is the size of house, and lot that are available further out.
Sometimes people overlook what factors actually go into determining a property value, and they end up being surprised that outside factors such as those discussed, along with climate, geography, crime, and infrastructure all impact what a property is actually valued at. It does not matter whether you live in the heart of Adelaide or out in the country, if you’re happy, then the location is right for you and your family. That said, regardless of where you live those factors that were just listed are out of your control. So really, the only thing that you can do is to protect your real estate investment through proper maintenance, landscaping (if applicable), and updates. Some easy tips for keeping your home looking its best, worth top dollar are:
Keep your yard looking well maintained, neat, and welcoming. Overgrown grass, weeds, and broken pathways do not make a strong first impression.
De-Clutter Your Home
If it holds no real sentimental value, and you forgot that you have it, it is probably time to get rid of it. Everyone accumulates stuff. Even homeowners whose houses have ample storage feel like they need more at times, and that is because of how much stuff we just accumulate over time, an easy way to deal with this is to go through your home every few months, whether it is the start of every season, or even every six months, you will save yourself a lot of time when you need you want to stage your home, and a lot of stress attempting to find a home for everything.