Securing a dream family home in a great suburb
Why is it so hard to find a decent family home in a good suburb? It all comes down to housing demand and supply. There is way too much competition, with rightsizers, downsizers, and upgraders all searching for the ideal prestige home. So how can you get ahead of your competitors? You should consider using a buyer’s agent if you want to secure your perfect property.
Here are the property types which are in the highest demand in the current climate, as well as some advice about how a buyer’s agent can help you access your dream home.
House styles in high demand
It was thought that the COVID-19 pandemic would slow down the housing market, but this hasn’t been the case in many areas, particularly when it comes to the more luxury end of the market. As people have been spending more time in their homes, many have realised the importance of having a nice place to live.
As a result, property demand is still outstripping supply, which means you need to use all the tools available to secure the type of property you’re looking for.
These house styles are in particular demand at the moment:
- Freestanding homes in older neighbourhoods
Freestanding homes will always be popular due to the increased privacy they offer. However, older neighbourhoods have an advantage over more modern developments because older properties tend to come with a larger land component.
It is difficult to find a freestanding property in an older neighbourhood because once people buy them, they don’t tend to sell. This means these properties come on the market less frequently.
- Renovated small homes at a good price point
If done well, a renovated small home can attract a great deal of interest — often from couples who are currently living in apartments and want to upgrade their lifestyle. For this reason, a well-renovated small home advertised at a reasonable price will typically sell quickly and fetch more than its asking price.
- Homes with granny flats or separate quarters in older neighbourhoods
There has been a considerable rise in multigenerational living in recent years. Granny flats or separate quarters allow different generations to have their independence whilst still technically living on the same property. And as with freestanding homes, older neighbourhoods have more space, which makes multigenerational living more comfortable.
- Large family homes in premium suburbs
Families are always going to want more space as their children grow. A premium suburb is always desirable, as these neighbourhoods often fall into the catchment areas for the best schools.
As a result, large family homes in desirable suburbs don’t come on to the market often. When they do, they usually achieve extremely high prices.
- Luxury homes
During the COVID-19 pandemic, the luxury home market has been the most resilient. Opulent, multi-million-dollar properties with all the latest facilities will always be in demand with super-high-net-worth individuals. By their nature, there aren’t many of these properties available, and they are usually snapped up quickly.
How a buyer’s agent can help you secure your dream home
Buyers' agents have a wealth of contacts within the real estate industry. They can often find properties that you might not discover yourself via the usual channels.
In addition, a buyer’s agent will negotiate on your behalf as an independent, unbiased professional. They take the emotion out of the process and secure the right property at the right price.
Using a buyer’s agent can give the seller more confidence in your offer. This can tip the balance in your favour if there is a lot of competition for a property.
Find out more about buyers' agents
Your perfect property might seem unattainable, but a buyer’s agent can help you to find properties that could be exactly what you’re looking for.
As highly experienced buyers' agents, we can help you secure your dream home. If you would like more information and advice, please contact us. We’ll be happy to help.