In an increasingly tight housing market, you’d be surprised at the difference small changes can make to the impression your building leaves and how happy you feel living there.
Entryway Enchantment
‘Kerb appeal’ is not just applicable to standalone homes; it applies to strata common property as well. An often-overlooked aspect of strata buildings is the lobby. As a resident, you walk through your lobby every day, but do you really see it? Or does human nature habitually acclimatise you to its appearance and features? Ask yourself, what does a potential buyer or renter see? Better yet, ask an agent.
The lobby is more than just a place to enter the building; it is the face of the community and the first impression potential buyers or renters will notice when they step inside. Real estate agents often report that people drive up to a strata building for a home showing, only to turn around and leave without going in if the entry isn’t appealing.
The Heart of the Building
The lobby is the heart of the building, and no matter how beautiful your apartment is inside, in a world where first impressions matter, so too does the impression your lobby creates. By making a few small changes, you can create a welcoming and secure lobby that could be the key to selling or renting your home, or simply maintaining its value.
As more and more new apartment buildings are developed and built across WA, your building is competing with these new buildings and their nice new lobbies and facilities. If you can, we urge you to go and have a look at the latest building erected in your area; you might be shocked at how different the lobby looks from your own building.
Small Tweaks, Big Impact
The good news is, through a few small tweaks to your lobby, it can look just as good as any new building. And before you discount this idea because it might be too expensive, remember one of the many benefits of living in strata is that the financial responsibility for common property improvements can be spread fairly across all owners.
By working together with the community in your building, you can implement cost-effective improvements for a small personal spend. It’s important to view lobby improvements as an investment, not an expense. Not only will it allow for aesthetic improvements, but it will likely also contribute to improved security and energy efficiency of the common area, significantly enhancing the Return on Investment (ROI) for your property. An attractive lobby can dramatically increase the attractiveness, saleability, or rentability of your apartment.
Shared Responsibility
Don’t forget, in a strata community, you own the common property along with your fellow owners, not just your apartment. It’s not someone else’s responsibility, but all of yours. It all starts with a discussion at your next strata company meeting.
In an era plagued by a growing cost-of-living crisis, finding ways to make apartments more sellable or rentable without breaking the bank is essential. And having a more attractive journey through your complex is great for you and your guests.
For more information, visit SCA (WA) or contact us at admin.wa@strata.community.
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