Not just bricks and mortar

Not all homes that look the same sell for the same price – not even when they seem to be equal in condition and number of features.

The mistake made by an immigrant from the northern hemisphere illustrates the reason perfectly. The young arrival in question rented a south facing apartment in Sydney. She complained that the property had no light, was dull all day and of course, never got any sun. She said she had made sure to choose a property that faced south so why was this happening?

The look of consternation on her face when she realised that southern hemisphere rules regarding aspect are different from northern hemisphere ones was the best demonstration anyone could hope to see of the importance of that elusive variable that has a demonstrable impact on the sale price of homes – aspect.

Unfortunately, many people whose homes are not ideal in terms of aspect overlook this when setting the asking price of their homes. There aren’t many buyers who come from overseas bringing with them northern hemisphere desirability criteria for aspect! Most buyers have northerly aspect on their wish list, and will only drop it from the list if the price is right.