House buyers want green grass
on May 8, 2012 by Peter James
The lawn or green grass adds life to the environment. It gives more social appeal, a creative adventure, and even more value to the house. This aesthetic value may not be new in the property market.
Recent studies found out that most people in Australia want a patch of green grass in their front or back yard. In Sydney, the poll showed that a lawn could make $83K to the price of the average house costing $440K.
In Melbourne, buyers could spend another 80K on an average $420K-home for the green grass.
A lawn could add 18%, or about $75K in price on the average $420K home. Other figures seem encouraging for property agents that green grass or lawn could be another premium amenity. Lawns add 19% of value to a home in Victoria, 16% in NSW, both 12% in Queensland and South Australia, and 8% in Western Australia.
Most of the property agents said that buyers believe a lawn adds to the look and feel of a home while others simply prefer a safe playing area for their children. Buyers want a backyard to be at least a third of the size of their property. Other buyers also include a decent backyard among their requirements in owning a house, the rest being a quiet street, and more than one bedrooms.
A backyard with a green lawn has been a part of growing up for Australians, said a landscaper.