Find out how to unlock the potential to increased property value
Outdoor Entertaining is synonymous with the Australian lifestyle, so it’s no wonder we have seen such an increase in alfresco areas in our homes. However, some homeowners may be missing out on significant revenue when selling their property due to the poor condition or location of their deck.
Toby Parker, Director at Hocking Stuart in Balwyn, Melbourne, believes a beautiful deck can add great value to a property and is a key feature people look for in a new home.
“What is now known as the ‘Outdoor living room’ is a trend which is fast becoming a focal point for families to enjoy and share with others and something potential buyers now look for in a new home,” Parker said.
“A well-maintained deck in the right location can add tens of thousands of dollars to a property. There is no point in a worn deck or a detached deck at the back of the yard, when potential buyers are looking for a striking deck which provides a seamless extension of the interior living space,” he added.
In line with this, a survey of homeowners, conducted by Cabot’s, found that when asked how much a well-maintained outdoor entertaining area could add to the overall value of a property, a huge 47 per cent of respondents felt it could increase the price by up to $20,000.
However, only two per cent of those surveyed said they would coat their deck when preparing their home for re-sale, suggesting the majority of homeowners may be missing out on significant gains when it comes to getting the most out of their house sale.
The survey also showed that Australians use the outdoor area of their home far more frequently for entertaining and relaxing than any other room in the house.
However, almost 60 per cent of Australians admit to neglecting their decks and a significant 55 per cent of survey respondents said their deck could look better, and almost 10 per cent of respondents felt their deck was either somewhat or completely neglected.
Cabot’s Brand Manager Stuart McCausland says that the benefits of having a well-maintained deck are clear, but consumers often don’t get around re-coating or even cleaning their decks, as they don't realise how easy it can be.
“Woodcare technology is constantly being updated and improved, with it now being quicker, cleaner and easier to coat your deck and with great products from Cabot’s, there is no excuse for homeowners not to have a beautiful deck,” McCausland said.
One of these products is the specially formulated Cabot’s Aquadeck. Being water-based, it has almost no smell, is easy to wash-up, and can be recoated in just two hours – meaning the job can be finished in the morning and used for entertaining that same evening.
What’s more, Cabot’s Aquadeck has been proven to last twice as long as traditional oil-based deck oils, requiring less frequent application.
For product information, how-to guides and stockists, visit www.cabots.com.au