Your home can even be a little run down - it’s location and size of land - plus an agent who knows planning regulations - that will bring the best results
There was once a couple of old houses, side by side, in a street that I can’t name, but let’s just say, it was in a great location, near the beach. The houses were very run down but they were both on large, flat blocks of land. I was a fairly new agent at the time, and being the inquisitive type, I started to research local and state planning regulations around what could be done to maximize the value of these homes. I found that, by combining the homes together and selling them in-line, I could maximise the return for the owners by around 30%. After some negotiation with both owners I listed the homes and started advertising them as a development opportunity. There were some twists and turns along the way but at the end of the day, I had 2 very happy vendors who received 30% above market value for their run down old homes. If your home has development potential, then knowing an agent who can help you unlock that potential can potentially gain hundreds of thousands more for your property. Would you like to know whether your home has ‘development potential’?