Canberra homeowners looking to boost their property value might want to look beyond the kitchen and bathroom renovations, according to surprising new real estate data. Research reveals one specific feature is adding a staggering 20% premium to home prices across the capital.
The Unexpected Value Driver
While many homeowners focus on interior upgrades, it's the outdoor spaces that are commanding serious attention from buyers. Properties with well-designed, functional outdoor areas are seeing significant price premiums that far exceed the cost of installation.
What Buyers Are Willing to Pay For
Local real estate agents report that homes with premium outdoor features are spending less time on the market and attracting multiple offers. "We're seeing buyers specifically seeking out properties that offer more than just indoor living space," said one leading Canberra agent.
Why Outdoor Spaces Are Dominating
The trend appears driven by several factors:
- Lifestyle changes post-pandemic that emphasise home comfort
- Entertainment needs as homeowners host more gatherings
- Work-from-home flexibility creating demand for varied living spaces
- Climate considerations in Canberra's distinct seasons
Maximising Your Property's Potential
Experts suggest that even modest investments in outdoor areas can yield substantial returns. The key is creating spaces that are both beautiful and functional, seamlessly connecting indoor and outdoor living.
As Canberra's property market continues to evolve, it's clear that savvy homeowners and investors are recognising the untapped potential lying just beyond their back doors.
